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  • Report:  #959593

Complaint Review: Commercial Capital Training Group

Commercial Capital Training Group - Owner Kris Roglieri Prime Commercial Lending - Parent Company Commercial Capital Training Group - A Bad Bet for a Business Career Albany, New York

  • Reported By:
    Sam Wong — New York New York United States of America
  • Submitted:
    Wed, October 24, 2012
  • Updated:
    Mon, August 26, 2024

I also attended the Commercial Capital Training Group (CCTG) course in Albany, New York. I concur with a previous Ripoff Report on this business entity and its principal. The previous report was very similar to my experience. I was told by another classmate that they had seen the Ripoff Report and even sent a copy of it to CCTG and Kris Roglieri prior to attending. The response he received was there was no one by this name who attended the course. that is likely because like myself they changed their name and location to remain anonymous. Second, the Ripoff Report said he was introduced to brokers not lenders. The response from an associate of Kris Roglieri responsible for marketing the training class told him that he would "personally meet lenders of the type impossible to find on your own." His experience and mine was you do NOT meet any direct lenders. There were a few personal presentations and only one could qulaify as a direct lender and this as a business partner of Kris Roglieri. In other words, in introduced us to a lender he was a invested in! You mostly spend five days calling other brokers affiliated with CCTG and Prime Commercial Lending via conference phone. These are scheduled one after the other such that your head is swimming. Breaks are scheduled for five minutes to keep you off-balance and to keep you from discussing the material in small groups. We had some very qualified and highly experienced people in our class. No one caught-on to the fact that these were brokers not lenders. After I got home I started contacting these "lenders" and found they had not disclosed all the qualification of their lending programs during the course...and theta they were actually brokers and not direct lenders. One by one the "lenders" we were introduced to were discovered to be unworkable and non-competitive finance programs. Therefore - think twice before dropping $20,000 plus in this training program. It is not worth it. There is no introductions to lenders and you will only figure out you have nothing to promote except high-cost finance programs to the most desperate of borrowers....you will end up being a legal loan shark and a referral source for brokers and nothing more!  

1 Updates & Rebuttals


CCTG Founder

United States of America

Response from the founder of CCTG

#2REBUTTAL Owner of company

Thu, October 25, 2012

This post recently came to my attention and I felt the need to expose the untruthfulness of the statements presented and conveyed about our company. Our company has been attacked recently by so called people who claim to have attended our training class and have posted false and untruthful statements that would strongly lead us to believe that these statements are from other companies that try to do what we do and unfortunately resort to unethical tactics to try to compete with us. Our company does nothing but strive to educate and support our graduates after training and we have worked hard to build and maintain our integrity amongst the industry and our lenders.

This is the reason we are an accredited member of the Better Business Bureau due to our quest to demonstrate our ethical business practices and outstanding customer service to the graduates we serve. There was a previous post on here where we actually decided to use Ripoffs report Arbitration service which the results proved several false statements about our company that ripoff report redacted. In the same post there were statements such as I took their training late last year and could not learn everything in 7 days which would have been in 2011.

This statement and other ones were suspicious due to the fact that we did not have a 7 day training in 2011. We had a  5 and 6 day training in 2011 and have since grown our course outline. Or that we have an answering service when in fact we have a live paid secretary that answers our phones and a direct 24-7 line to our support staff. The problem with forums such as this is anybody can say anything about anybody or a company without being held  accountable whether the statements are true or not. In the end we can never prove who the real identity of the poster is due to the protection Ripoff report has under with the first amendment but instead, only respond with statements that expose the inconsistencies and falsehoods of the posts.

With regards to this post I denounce everything that is said here. If this is a real graduate of our program I invite the poster to call me personally anytime (518-694-3047) and I will go over each lender that participates in our coarse to re-familiarize yourself and simply demonstrate how they are direct lenders and not brokers. Out of 45 core lenders that participate in our class we have 3 firms that have unique programs in which the services they provide do not involve lending their own money. One is an advisory firm on commercial securitizations for debt and equity, another is a firm that represents high net worth investors who pool their money together to fund projects and the other is a CMBS and commercial loan modification company.

Outside from that all of our lenders are direct lenders funding off of their own balance sheets. Most of our lenders have Billions of dollars under management or on their balance sheet. Some lenders are publicly traded and have FDIC regulation. We have large private lenders such as Prudential and large banks such as Wells Fargo that participate in our training too small private lenders that have innovative products that cater to businesses that present all different types of credits.

Yes there are some products that serve the financially challenged business in which their product has a higher than normal rate but in turn they are lending to higher risk industries and businesses that could not otherwise get conventional financing. Then there are lenders and banks that have some of the most competitive programs in the country at interest rates and terms that are more competitive than most banks today. So I struggle to see how anybody that has actually been through our class can say our lenders are nothing more than brokers and are not competitive. Again I will personally take the time to show you the 40 plus call reports of our bank lenders and educate you on our private lenders and how they are direct lenders and not brokers as you state numerous times.

In every training that we do, our graduates meet our lenders via in person or on a conference call. There are multiple lenders that fly in to our office to present live to our students every day of our 7 day training. So to state that you only meet 1 lender and it was my company is totally farcical. Training is intensive in the sense that you are constantly learning new topics and introducing lenders but we allow ample time so that each lender is understood, has time to present, and the topics being taught are being comprehended.

Our lenders and banks hand out their information about their lending programs and their qualifying parameters. So there is no mystery when our graduates get home as to what the lenders offer. Two out of the forty five lenders that our graduates work with are companies that I own. There is no mystery around this and we make this very clear in training and is disclosed on our website. These two companies serve two specific lending products where we lend directly to commercial real estate investors and businesses. 

As a company we dont tolerate slander and find every portion and statement on this post/ Ripoff report to be libel. We offer our promise and guarantee to what our graduates can expect and also put it in writing in terms of meeting direct lenders, supporting our graduates and additional items given throughout our training.

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