TCRM Commercial, Les Agisim, Charles Johnson ripoff mortgage company New York New York

BROKERS BEWARE THE COMPANY IS NOT A FINRA COMPANY OR AN INVESTMENT BANKER.
 
I have been in the commercial mortgage loan business for over 20 years. I had my share of brokers try to steal clients and screw me out of commissions, but I thought I knew real lenders from brokers acting as lenders. I was introduced to them by an assocaite who stated they close alot of loans. However, that are not a real LENDER!!!
 
TCRM Commercial constantly lies, but they do close loans primarily because they steal loans and clients from other brokers and lie to clients - check out mortgage grapvine and other comments by Ripoff Report, Scams.com and Complaints Board.
 
FACT: TCRM Commercial is not associated with FINRA - look the company up on FINRA's website.
 
FACT: TCRM Commercial Is not a FINRA Investment Banker
 
FACT: TCRM Commercial is not an Investment Banker (no one at the company has a FINRA License 79 Investment Banker license - Check the Company's record on FINRA's website www.finra.org)

FACT: TCRM Commercial is not a Direct Lender per the owner - Leslie Agisim's (or Les Agisim) statement to FINRA. Leslie Agisim (TCRM Commercial Corp.'s President)stated to FINRA that TCRM Commercial is not a Lender but a BROKER!!!!
 
GOTO -  www.FINRA.org,  click Investors , then click FINA BrokerCheck , type Leslie Wayne Agisim, - GET DETAILED REPORT GOTO Page 6 LES AGISIM wrote:
TCRM COMMERCIAL CORP is not an investment-related business. Its sole function is brokering loans and earning commissions for these services
 
TCRM is not a reputuable company, I WOULD NOT TRUST THEM. After I trusted TCRM Commercial with my client and my client provided $10,000 for TCRM Commercial's administrative costs (third party reports), the investment commnittee for TCRM declined my client's loan. However, TCRM Commercial forgot to download the loan documents about my client and the property - I had never in over 20 years had a loan turned down from the investment committee when the investment committee had no documents to review. That is text book example of fraud!!
 
After TCRM Commercial turned down my client and tried to broker the loan, they then asked the client for the loan documents and property documents - all documents are stored with a third party server and time stamped when they are downloaded.  The point is TCRM Commercial turned down my client's loan without reviewing any of my client's information or the property information. This is factual with a time stamped from the third party IT Service. TCRM Commercial took my client's $10,000 under false pretense, waited 2 weeks and without even looking at any of my clients loan information, property documents, rent rolls, financial statements, tax returns , etc. - turned down the loan as a lender. This is fraud. TCRM Commercial also stated the appraisal was low, but they would not provide me or the client a copy of the appraisal OR even provide my client or myself the NAME of the appraiser. Agagin this is fraudulent behavior. In the rare cases whereby a lender will not provide the client with an appraisal, the Lender will tell the cleint the appraiser's name.  
 
TCRM Commercial has taken thousands of clients money without providing loans AND stolen cleints from BROKERS without compensating BROKERS. TCRM Commercial states to clients and BROKERS they are a lender, but the Company President states to FINRA under federal purjury laws that - TCRM Commercial sole purpose is to broker loans.
 
If you question my motive or believe I am stating untrue things about TCRM Commercial - do your own research. Lookup the company in FINRA, do a FINRA brokercheck on Leslie Wayne Agisim (or Les Agisim), check out Mortgage Grapvine, other Ripoff Reports incidents, Scam.com, complaintsboard.com and other consumer fraud prevention websites. Not all of the people who have written articles can be wrong.

JUST BEWARE!! As a Broker do notr trust this Company and do not have your client sign any documents. As a CLIENT do not send any money up front!!! 
 

I am an experienced BROKER and PRESIDENT of A REAL ESTATE COMPANY and I have experience in both COMMERCIAL and RESIDENTIAL LENDING. In addition, I have done business with TCRM in the past, and thus, I am familiar with their loan process.

These people who are complaining about loosing their application fees or retainer fees, obviously do not understand the process of commercial lending. Notice these complaints are years old, and they still have not gotten any money back. WHY? ....because their accusations are false at worst and misguided at best.

The first they need to understand is that commercial lending is not like residential lending. There are different laws which regulate each industry and the underwriting process is different.

The second thing they need to understand is that in commercial lending, unlike in residential lending, there are often up front fees. If you read the complaints, you will notice that these people state their "APPLICATION FEE" was not refunded! Of course not, its a FEE FOR APPLYING!

The way lending works at TCRM, borrowers inquire about loans and spell out scenarios, if TCRM believes they can do the loan, they issue a Letter of Interest (LOI) with EXPECTED terms based on the limited information the borrowers have provided TCRM. These expected terms include APPROXIMATE interest rates, and a request for a NON-REFUNDABLE, retainer fee or application fee.

At this point, things are NOT SET IN STONE, usually not all the documentation has been turned in, the appraisal has not been completed, the rate has not been locked in, etc... With the LOI, what TCRM is saying is essentially the following to the borrower:

"based on the information the borrower has provided, we think we can do this loan at "x" interest rate and for "x" fees, but if you want us to really underwrite your loan request and look at it deeply, then you have to pay us a fee for those services"

This is not outrageous. This is not illegal. This is normal. Professionals are entitled to collect fees for services provided. And processing a loan is definitely a service. It involves many complicated tasks, such as analyzing pro-formas, financial statements, and many many many hours of other work.

Obviously TCRM is not making a living in Midtown Manhattan by taking their borrowers' application fees. They are in the business of commercial real estate lending. I am sure they would have prefered that your loans funded, and I am sure that they worked very hard on your loans, but for some reason or another they did not work out, and as a result you lost your loan application fee.

If you did not qualify for the loan it was because you were not ready to take on the financing required, and believe me, if TCRMS's time had been spent on a loan where the borower was prepared to take on the financing, they would have made alot more money. So have you ever considered that you are the one that wasted TCRM's TIME WITH YOUR BAD LOAN? and now.... you have the audicity to go on this website and try to ruin a hardworking company's reputation because you didn't qualify for your loan? GIMME A BREAK!

On the positive note, I am glad this site allows rebutals!