Complaint Review: Mike Martin Capital Source Funding - Virginia Beach Virginia
- Mike Martin Capital Source Funding Virginia Beach, Virginia United States of America
- Phone:
- Web: www.capitalsourcelending.com
- Category: Mortgage Brokers
Mike Martin Capital Source Funding Michael Martin Capital Source lending He is a Joke and never funded a single thing !! Virginia Beach, Virginia
*Consumer Comment: Banks fault?
*Consumer Comment: funding
*REBUTTAL Owner of company: Well here is it
*General Comment: Um, we are *supposed* to "stick our nose in"
*UPDATE EX-employee responds: I am an ex employee with the csl
*General Comment: Add terrible spelling, grammar, and punctuation to the list of problems with this "owner"
*REBUTTAL Owner of company: just someone who likes to s\tick his nose where it doesnt belong
*REBUTTAL Owner of company: who cares what you think
*REBUTTAL Owner of company: I am the owner
*General Comment: If that post was *really* by the owner, I would definitely avoid him.
*REBUTTAL Owner of company: hide hide hide behind the internet punk
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This guy Mike Martin is a joke. It's your own fault if you give him money and think he can "lease" an "Instrument" and then secure a loan or LOC against it. DO you think a bank would give you a loan on a house or car you do not own??? Get real people !!!
And "Private Placement Program" - "You can only enter the trade if you are invited in!" - COME ON - SERIOUSLY??? You just happen to be SOOO special that you are being invited and I am sure they have a "humanitarian cause" they can associate you with since that is a requirement to be so special to be in the trade and turn your 1 million into 1 billion in 60 days.
I am sure if you are reading this and have dealt with him you have heard excuse after excuse like "I am waiting to hear back from Europe" or "Our gal or guy is in Asia right now meeting with the bank" or "we missed this trade because they didn't finish reviewing the docs" or "I cannot give you an references to call that actually closed because of our non-disclosure agreements" or "yada, yada, yada" ....
If you deal with this Joker it's your own fault. Realistically I think he may actually believe his own bullsh*t so I feel sorry for him too plus he has Napolean Syndrome on top of everything else.
This report was posted on Ripoff Report on 01/12/2012 07:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/mike-martin-capital-source-funding/virginia-beach-virginia-/mike-martin-capital-source-funding-michael-martin-capital-source-lending-he-is-a-joke-and-822003. 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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#11 Consumer Comment
Banks fault?
AUTHOR: - ()
SUBMITTED: Wednesday, July 23, 2014
I have been told for months now that the banks are holding up getting my money processed (monetized) and returned. This is the main reason for this post. If you are one of those banks looking at this for another reason to stop the progress because of this post please don’t. I just don’t believe that banks really move that slow that it takes over 6 months to process this information when I was originally told 45 days. If I am in error I will gladly say so once my money is returned. Please don’t be the bank stopping this process. Do your job and allow these people to do theirs so I can put a favorable rebuttal once my investment is returned and I can restore the credibility of any individuals that may have been harmed by this post.

#10 Consumer Comment
funding
AUTHOR: DonaldG - ()
SUBMITTED: Thursday, January 16, 2014
I have no idea what the circumstances with the gentlemen who complained about trades about being invited or that you could use lease instruments into trade. But my experiences has been very good, I did not get a LEASED instrument from CSL I got a "deferred payment option" on a SBLC and I nominated thru paperwork the beneficiary of that BG for 350 days with all the necessary paperwork for the beneficiary to go to his own trade. The way they put the deal together was the provider of instrument got 15% of the face value of the instrument from monetizer, then CSL took their 3% and I got the rest as a non recourse deal. At the end of the term which is March 2014 we will simple send back (we could have bought it) to the provider with no liens. Now I was told by the trade group that I had to pass certain agency background and that I should be grateful that If I wanted to take my money to trade that not everyone is excepted (I just brushed that off as trade group being arrogant) I do hope the gentlemen gives CSL another chance as he will see that CSL can perform and I was referred by someone else who also was successful. I will leave my name un like the gentlemen who complained (I wonder why he didn't)? So i say to any future clients of CSL just do your DD talk to his law firm, talk to his referrals, and make your own mind up
Donald Gats

#9 REBUTTAL Owner of company
Well here is it
AUTHOR: capital source - (United States of America)
SUBMITTED: Monday, January 23, 2012
This is my last comment on this crap as I have much much better things to do, now as i have said on this site, follow the protocol you will get references if we approve your loan, you will get to do your due diligence on our paymaster, who is very reputable, you will also get real references of those who have received back monies of 10k to 100k when asked for, also anyone who really knows me know my fiance is a government federal agent of 20 years, anyone who knows me knows that a close cousin was in a (cabinet member) with the bush administration, We have in excess of 10 loans closing in the next 10 days in the amounts of 185 million dollars, anyone who does business with us will get up to day Jan 2012 referrals and some of these client's are very well known. All we ask is of those reading this crap
DO YOUR DUE DILIGENCE AND YOU WILL SEE WE FUND LOANS, for how long? good question as I am about sick of this crap and I will just take our funding for us and do our own thing or we joint venture with those we like for 50% of control and for that we will put up the money for the SBLC in advance for a fee of 500k AND UP DEPENDING ON SIZE OF LOAN to be released when LOAN FUNDS are in escrow waiting for disbursement by a third party agreed upon in advance. This way nobody comes out of pocket except at closing (and no this 500k AND UP can not come out of the loan, its your skin in the game)
THERE THIS TAKES CARE OF ANY CRAP about scamming, its more expensive this way but I take all the risk in the game client takes none and since we are now joint venturing with people of course loans will be fewer as now we are responsible for the loan so we are really going to look at deals thru underwriting much harder----
Michael Martin
CEO

#8 General Comment
Um, we are *supposed* to "stick our nose in"
AUTHOR: Steve - (USA)
SUBMITTED: Monday, January 23, 2012
Hell, that's what is fun about this site. Usually it is to explain to the complainers why they did not get "scammed," but every now and then it is the owner (if, again, you really are the owner) who is off their rocker, like in this case. Interestingly enough, the owner in this case seems to have the same writing ability as most of the complainers.
BTW, I do happen to be successful, but even if I were homeless (or living in the proverbial mother's basement), it would not make your rebuttals any less idiotic. And I think it is great when people are successful; I wish everyone was. But again, this is unrelated to the total lack of class in your rebuttals.
Also, reading over your posts you seem to indicate that you know exactly who this guy is, so why say "Why not tell us who you really are?," etc. And I can't speak for the guy, but the reason he is posting here instead of calling you is probably because he wants to warn others about you (Google your company name, and see the negative reports your potential clients will see).

#7 UPDATE EX-employee responds
I am an ex employee with the csl
AUTHOR: capital source - (United States of America)
SUBMITTED: Monday, January 23, 2012
First I am shocked that after working with this company for 4 years I should see this type of comments against a company that these people have no idea what they are talking about. First let me say yes he tells it like it is, is it the words I would use? no but I've never heard him say to a client a dis respectable word in the time I have worked with him. He defends his family, friends, company to the max, as a client you would never have to worry abutg him sugar coating anything, he is straight up. He is former special forces, former MMA fighter and he stands up for not only himself but the little guy. Capital Source lending had donated thousands of dollars to worth while causes even contriubuting $3,000 to a church in which he did not belong to, to help them with their missionary goal and they were that amount short. I have personally wired to brokers "advances" of up to $5,000 to help them out while waiting for their loan to close and he never collected it back when the loan did close (what lender has done that in these times)? if the guy complaiing had done things correctly instead of trying to defraud the company things would have worked out so much better for him but he didn't read his contract and the causes for losing any money put up. CSL has been in business now for 7 years and up until this guy who try to defraud the company is the only complaint. I urge anyone who is going or wants to do business with CSL to make up your mind on this company, if you really do follow the protocol and your loan gets approved you will fund, (or monies will be returned) you will get referrences, but you can't be what isl a tire kicker. A tire kicker is someone who first wants to talk to a referral without even sending in information on what they need the loan for, why would anyone bother a client with someone who hasn't even been thru underwriting to see if the project is viable? Also potential clients will see CSL uses a well respected 30 year law firm with an outstanding reputation that is homeland compliant and has been not only a paymaster for 10 years but has worked with major corporations as a compliance and fraud attorney.
These monies that are paid to offset the cost of preparation of a SBLC don't come to CSL they go right to the attorney with escrow agreements in place AND after the client does he due diligence. If it wasn't for my husband relocating I would still be with the company, he doesn't have to do lending at all, he can take these SBLC's on his own raise the capital to go out out and get his own projects done either by himself or with a joint ventures. But he believes in the economy is going to get better and he believes in helping people get the financing they need. SO AGAIN DO YOUR OWN DUE DILIGENCE, FOLLOW THE PROCEDURE, MAKE YOUR REFERRENCE CALLS, CHECK OUT THE ATTORNEY AND FORGET WHAT THE OTHER POSTS ARE SAYING ESPECIALLY THE "CHIMER" WHO AS HE SAYS "HAS NO IDEA WHAT IS GOING ON" he should be part of the solution but only wants to be part of the problem he knows nothing about. He says he knows people well I can tell you I can read people as well and anyone who just sticks their nose in without doing any real research you can be sure he is the type that wants to get attention anyway he can instead of gettting attention for anything that he might be worthy of getting attention for, but since he probably is not a successful person in life he might as well put down those who are.
JESSY HALBUT

#6 General Comment
Add terrible spelling, grammar, and punctuation to the list of problems with this "owner"
AUTHOR: Steve - (USA)
SUBMITTED: Monday, January 23, 2012
I am starting to believe this "owner" is really one of the poor guy's competitors, trying to make him look bad (or maybe it is the OP). His posts are too over the top to be authentic.

#5 REBUTTAL Owner of company
just someone who likes to s\tick his nose where it doesnt belong
AUTHOR: capital source - (United States of America)
SUBMITTED: Monday, January 23, 2012
So let me get this straight your just some guy that thought he could stick his nose in without knowing what is going on? you just want to give your worthless opinion? again your like the other guy where is your name? who are you? why are you hiding behind words? ( I don't understand these cowards who won't reveal themselves when shooting off their mouth)I tell it like it is, my client's don't get any BS with me, I tell them straight what I am going to do, how I do it and I keep my word. So do everyone a favor but out of what you know nothing about which is probably a lot, I really doubt you are even a business owner and just like to cause trouble and hide behind mommy's skirt. Stay in the basement of your mother's house and eat your peanut butter and jelly sandwich and just keep pretending your someone who one day will be successful

#4 REBUTTAL Owner of company
who cares what you think
AUTHOR: capital source - (United States of America)
SUBMITTED: Monday, January 23, 2012
So let me get this straight your not the author of the previous post I responded to but some idiot that thought he could just chim in and give his opionion about nothing he knows about? another coward who doesn't tell who he is or what company, another "let me hide" behind my mother's skirt and shout out crap. Keep your opionions to yourself especially if yoiu don't know what is going on, none of your business and your opion doesn't really matter.

#3 REBUTTAL Owner of company
I am the owner
AUTHOR: capital source - (United States of America)
SUBMITTED: Monday, January 23, 2012
i call you a punk because you are, anyone who slams a company and puts up false information because they themselves can't fund because you submitted a false loan and we caught you . WE have referrals, we have had closings and yet you sit there behind the internet hiding your name so no one can sue you for defamation. Why not tell us who you really are? why are you hiding behind words? you don't say a thing about your situation, all you do is talk about can't funding etc etc and you don't give specifics. Anyone who has done the right protocol has funded and has recieved referrals. We are a private lender and it irritates me that any moron like you can shoot off your mouth. I have been in business 7 years and your the only complaint. You first try to hide yourself in texas, which is not where you out of and then oregon again try to make it look like two seperate complains. BE a man, man up your the type of guy that makes prank phone calls and hides your ID caller, your the type the peeps into woman's windows, your sneaky, your low life, you would never ever confront someone face to face if you really believed what your saying. I have plenty of referrals of people that have recieved monies back for various reasons. I have always tried to resolved any unhappiness with our service which are few. You instead want to hide behind the interent, hide your name and face and just shout out with whatever garbage your mouth spews so yes you really are a punk. I say it like it is, (what did I hurt your feelings)? Why don't you be a real man call me and discuss what your problem is man to man, and if I prove to you what I am saying retract your conments --there is the offer--I won't hear from you I guarantee it.

#2 General Comment
If that post was *really* by the owner, I would definitely avoid him.
AUTHOR: Steve - (USA)
SUBMITTED: Sunday, January 22, 2012
I don't even understand the original post to be honest with you, but the owner's rebuttal is absurd; no legitimate businessman would post like that ("retard," "punk," "joker," etc.)
Even though I know nothing about the situation being discussed, I know people well enough to be pretty sure the OP got scammed. The owner sounds like a real sleazeball.

#1 REBUTTAL Owner of company
hide hide hide behind the internet punk
AUTHOR: capital source - (United States of America)
SUBMITTED: Sunday, January 22, 2012
First of all this clown does not know what he is talking about do you Kevin James a small town crook in SC thinks he is a mortgage broker but has to live off woman to support himself. Notice this clown hides behind the internet like a scared punk that he is. Lets get some of the things Mr. Retard stated, first we don't get "leased" instrument (seriously why do they let idiots like this clown on here)? We have a financial partner that has "hard assets" up for collateral in order for the bank to issue a Stand By Letter of Credit (SBLC) so the SBLC is owned you idiot.
Second nobody ever said to this clown that $1 million could turn into $1 billion in 60 days again you can see the level of smarts with this goofball, and you have to be invited to a platform and the reason he doesn't know this he has NO MONEY or any REAL VALUED ASSETS to be invited. Other thing about Mr. James that doesn't know what he is talking about, all trades take place outside the US so you do have to go to overseas and ours is out of Switzerland and Hong kong (again get your head out of your a*s and get the facts before shooting off your punk mouth) But he is right about the referrals we DO NOT GIVE OUT TO ANYONE BEFORE UNDERWRITING NAMES OF THOSE CLOSED. You know why idiot? we don't want every tom, d**k and harry calling these clients 40 times a week without knowing your serious. If you have gone thru our protocol they were giving referrals. This guy tried to submit to CSL a fraudulent loan where the principles did not own the property, did not give us appraisals of the value and this clown thought he should have been paid 8 points on top of it. We are closing several more loans and those who do business with CSl AND FOLLOW OUR PROTOCOL WILL GET REFERENCES!!!! THAT SIMPLE. You notice this clown never says who he is as he knows I would hand his head to him in his lap with lawsuits and take whatever small small assets he has which I think is some 1990 broken down car. I love the Napolean thing he says, he who lives off woman what a joke. Anytime you want to show up and say this in front of me PLEASE do and lets see what your mouth says then joker


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