Complaint Review: Stirling Bridge Group, LLC - Great Neck New York
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- Author Not Confirmed
- Stirling Bridge Group, LLC 1010 Northern Blvd Great Neck, New York United States of America
- Phone: 800 756 81
- Web:
- Category: Loans
Stirling Bridge Group, LLC Andrew McGilly Bryan McGilly Stirling Bridge Group issued commitment to finance construction project, collected upfront fees, then became unresponsive for weeks. Eventually changed the funding criteria and never funded the loan. Great Neck, New York
*Consumer Comment: Conversation about 65 LTV
*REBUTTAL Owner of company: COnversation about 65 LTV
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Stirling Bridge Group, LLC as well as its principals, Andrew and Bryan McGilly are running a financing scam.
They issued a construction financing commitment which stated that they will lend 65% of the "as completed market value". In actuality, they could lend 65% of the "as is" vaue, and "as complete value" had no bearing on their purported financing.
Their "commitment" was deliberately misleading and written to induce me to pay up-front fees of over $12,000.00 and appraisal fee of of an additional $4,500.00.
After collecting the up-front fees, they became unresponsive for weeks, not responding to calls or e-mails, and refusing to meet me at their office.
They knew all along that they will not be able to fulfill the terms contained in the "commitment". They draged me along for months, wasting valuable time, and eventually refused to return the money they collected..
These guys are a scammers.
This report was posted on Ripoff Report on 09/24/2009 06:18 PM and is a permanent record located here: https://www.ripoffreport.com/reports/stirling-bridge-group-llc/great-neck-new-york-11021/stirling-bridge-group-llc-andrew-mcgilly-bryan-mcgilly-stirling-bridge-group-issued-commi-500089. 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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#2 Consumer Comment
Conversation about 65 LTV
AUTHOR: Cintbroker - (Nicaragua)
SUBMITTED: Tuesday, October 06, 2009
I am in the negotiating stage with Bryan and frankly he was straight and candid that they were providing 65% AS IS FINANCING of the project to a maximum of 65 LTV when completed but that each draw is based on the AS IS VALUE. Your concern is mainly miscommunication and it is awful hard to find reputable brokers and lenders We dont need unqualified borrowers or brokers duly misleading the general public and tarnishing a company's reputation by a simple misunderstanding of the loan document conditions. PLease stay to the facts and admit your guilts and report the Rip Of when they are true. Dont ruin a persons name because of your lack of understanding and confusions.
#1 REBUTTAL Owner of company
COnversation about 65 LTV
AUTHOR: Cintbroker - (Nicaragua)
SUBMITTED: Tuesday, October 06, 2009
I am in the negotiating stage with Bryan and frankly he was straight and candid that they were providing 65% AS IS FINANCING of the project to a maximum of 65 LTV when completed but that each draw is based on the AS IS VALUE. Your concern is mainly miscommunication and it hurts trying to find reputable brokers and lenders being tarnished by misunderstanding of the loan document conditions. PLease stay to the facts and admit your guilts and report the Rip Of when they are true. DOnt ruin a persons name because of your lack of understanding and confusions.
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