Complaint Review: Mercantile Hedge - Hartford Wisconsin
- Mercantile Hedge Hartford, WI Hartford, Wisconsin United States of America
- Phone: 262-305-6771
- Web:
- Category: Brokerage Companies
Mercantile Hedge Terrence Stull Acted as a financial institution for investment/lending need to just steal your money Hartford, Wisconsin
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Terry Stull reached out to my partner and I in regards to a commercial loan. He stated that he could lend up to 30% of the validated value. He kept claiming to meeting with his board of directors to decide if they wanted to do the loan as information was collected. He presented us with a Letter of Intent to do the loan with the terms. He then stated that everything looked good, but they needed to do a re-evaluation on the property to verify the appraisal. His company needed $850.00 to proceed. It took three weeks and we got a letter from him stating that a $4 million property came back at $1.2 million. I demanded to see the appraisers re-evaluation and he stated they used loop net to figure out the value. Of course I am leaving out that the original letter he sent us was to a different company, in a different state. How this guy doesn't have more complaints or is not in jail is beyond me. We demanded our money back and of course he is claiming he provided the service he claimed he would.
This report was posted on Ripoff Report on 11/25/2011 10:38 PM and is a permanent record located here: https://www.ripoffreport.com/reports/mercantile-hedge/hartford-wisconsin-/mercantile-hedge-terrence-stull-acted-as-a-financial-institution-for-investmentlending-ne-801790. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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