Craig Raymer - The Capital Stack Took Deposit "Fees", Never Closed Loan, Left Stuck without Debt TN Nashville
Craig said that he could help me fund my commercial real estate project that was tens of millions of dollars.
He introduced me to another broker and they both charged fees on a bridge loan they arranged, because they told me they had the senior debt worked out. So, I closed on the bridge loan, Craig made his fees, then then the senior "backed out."
Then, when that happened he said he would find someoone else to do it so Craig, introduced me to another broker, that introduced me to another broker who charged me $15,000 up front, all to have the deal fall through! All of the brokers want to be paid 1-1.5% each on the transacation.
He took a $5,000 fee upfront, even put in his contract that he would refund me if the deal didn't go through. He stopped returning calls and emails months ago, found out his address is fake, and is nowhere to be found.
1 Updates & Rebuttals
Craig
Nashville,Tennessee,
United States
This client did not have the financials she needed and the appraisal sellout value was way off
#2REBUTTAL Owner of company
Tue, September 03, 2019
First of all let me say that we closed on the land portion of this property and this property/client could not find funding for three years before we closed in about 4 weeks. At that time we started working on the takeout loan and find out the clients financials did not match up to the info she had sent and the value of the units sale price/appraisal were way off.
So at that time I am the bad guy .This client had paid me $ 5000 for about 3 - 4 months worth of constant emails and work and paid $ 15,000 for the underwriter to do the due diligence both of which were earned by us. Let me also say this is the type of client that called/emailed every investor in my loan pool even after executing a NCND and has no morals about doing this .
She was even working with one of the investors until about July 2019 when they issued a loan offer but her financials could not match the loan requirements . My point is this client was given loan offers but could not perform and the values were way off so I am the bad guy . This is the other side of the story