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  • Report:  #1431402

Complaint Review: Paradyme Funding -

Reported By:
Hagop - Los Angeles , California, United States
Submitted:
Updated:

Paradyme Funding
41720 Winchester Rd Suite I 92590 United States
Phone:
(951)9015304
Web:
http://paradymefunding.com/
Tell us has your experience with this business or person been good? What's this?

Chances are you had a similar experience with Ryan and his team that brought you here. I worked with Ryan closely for the past 2 years I can honestly say I have never seen him complete a real estate transaction without scamming someone.

If you have invested with him i am sorry to tell you that he already spent that money paying off previous investors on other failed real estate remodels and flips. Ryan preys on in experienced brokers and realtors to make his shady deals work, do not be part of his "system".

He will only use you for your contacts and ability to bring him new suckers who he can steal from. I am hoping by voicing the truth Ryan will not be able to continue this cycle of ripping people off and leaving them high and dry due to his deceptive deal making and misrepresentaions.

~Hag



1 Updates & Rebuttals

Ryan

Temecula,
United States
Whoever wrote this complaint is a liar and it's not ok...

#2REBUTTAL Owner of company

Thu, April 12, 2018

First off, whomever posted this could not have worked for me for two years. I’ve had one individual, besides myself, work for Paradyme since its inception in July of 2016. Said individual is now the President of the company. It is now April of 2018. (Math is off, and this post was live in Feb). I see that you signed Hag’s name. His real name is Hagop Sargisian. Here’s a link to a video we asked the real Hag to do for us. https://www.youtube.com/watch?v=-Upd-iVjIKs&feature=youtu.be How many "Hag” nicknames have you come across in your career? He is the only client I’ve had that goes by that name and it is only known to his very close and private group of family and friends. As for investors funds, I have never taken in any investor funds personally. The capital has ALWAYS been deployed on real estate. The funds are transferred directly into an escrow or holding account registered with the SEC and specifically designed for investors. Our transactions are too "high-dollar” to be handled in any other manner. If we at Paradyme prey on experienced brokers, wouldn’t they catch on that we’re not operating in compliance? Our relationships and network continue to grow organically. We do not have one complaint to the BRE and have zero infractions. I (Ryan) have been in the business a long time. I cannot make everyone happy; however, I have yet to receive a single complaint. I’ve had two of the largest law firms represent this company and prepare all the documents we use acting as a lender/broker. One is Geraci Law Firm and another for our funds (506C & REG A+), created by a highly esteemed group of crowdfunding attorneys. As for the investors and failed projects mentioned, here are a few links for the viewers to see what transpired and the truth: http://www.prweb.com/releases/2017/12/prweb15001246.htm 2nd Link: https://obrag.org/2017/12/mini-empire-of-ebers-greene-owner-in-ocean-beach-taken-over-by-san-francisco-firm/ There was a bad developer that did a lot of illegal things throughout several transactions. He also ripped me off personally. As for wanting your contacts, if you’ve come into this office and tried to make a living because you claimed to be well connected in real estate investments, and still failed to make a decent living, then your contacts were not as strong as you thought. We are a small family office with the ability to offer numerous avenues for anyone to make an exceptional living. It is a matter of putting in the work it takes out in the field, to make a lucrative living. For the viewers, as a small family office, the author of this complaint would be very easy to identify, correct? This individual brought in Hag for this transaction. And only closed this one from their own network. In fact, I provided leads and transactions (those of which closed and were compensated for), to this individual who, in fact, made close to 20k on just one deal I provided. Remember, this was the company’s relationship that was established over 10 years ago. They only processed the file, but it was given as a learning tool and incentive to originate and move forward with the contacts they claimed to have had upon hire. Lastly, viewers, I have learned over the years that when you really stretch out and help someone, it never works out when it comes to business. This individual transitioned into this business and had no previous experience as a lender or in the private equity arena. I tried to open the door and take them under my wing, but you must earn your stripes. There’s are no salary positions in real estate. You either have what it takes, or you don’t. It takes many years to grow your network and you must have consistency in closings, so you can obtain the financial security that we all seek. To the person who wrote this: I’m going to give you two days from this date 04/12/18 to take this down. Paradyme was notified of this complaint on the 29th. I want to highlight a few things… I have an NDA signed. It’s illegal in two aspects what you’ve done. Obviously, we took the time to clear this up, but my attorney has already subpoenaed Ripoff Report for the IP address. This "free” website, where you can post negative things about people, doesn’t allow you to hide for long. I will be taking legal actions. Ryan

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