- Report: #816717
Complaint Review: Chicago Development Group - Oak Lawn Illinois
Reported By:
Barak Vino LLI group INC -
chicago, Illinois, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Chicago Development Group
9024 S Cicero Ave Oak Lawn, 60453 Illinois, United States of America
Phone:
312-626-2939
Web:
http://www.chicagodevelopmentgroup.biz/
Categories:
Business Rating:
(0)
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Chicago Development Group Sonny Mehraban Misleading, Used our income, Mispresented the property, Neglection Oak Lawn, Illinois
We are investors who purchased and own 2 Chicago buildings thru Chicago Development Group- Sonny Mehraban.
Chicago Development Group (CDG) mislead us throughout the process, just so we buy those multifamily buildings. They presented us with wrong information about the buildings and very attractive figures, and made promises about high Return on Investment numbers.
CDG agreed to manage our buildings, as part of the deal. Soon after our purchase, evictions, violations, high maintenance costs started to appear.
The buildings are not being treated as promised- Nothing had been done renovation wise, even though they presented us with Contractor Statement. CDG are using our income towards rehabbing units, never provided to us with Legal invoices for jobs that were done or to pay eviction legal fees.
We never get monthly reports on time. Our money (the little that remains) is being deposited to us 10 days later than due date.
Checks of CDG are bouncing! We get property bills months after they were sent to CDG.
We are left in the dark for days weeks, when we enquire in regards to rents.
Mr. Mehraban comes across as a very honest individual. He owns a Lamborghini and Hammer from his previous business as a car dealer. He owns a nice house, he is welcoming and charming.
We lost a fortune from what was supposed to be a "positive cash business. BE AWARE.
Chicago Development Group (CDG) mislead us throughout the process, just so we buy those multifamily buildings. They presented us with wrong information about the buildings and very attractive figures, and made promises about high Return on Investment numbers.
CDG agreed to manage our buildings, as part of the deal. Soon after our purchase, evictions, violations, high maintenance costs started to appear.
The buildings are not being treated as promised- Nothing had been done renovation wise, even though they presented us with Contractor Statement. CDG are using our income towards rehabbing units, never provided to us with Legal invoices for jobs that were done or to pay eviction legal fees.
We never get monthly reports on time. Our money (the little that remains) is being deposited to us 10 days later than due date.
Checks of CDG are bouncing! We get property bills months after they were sent to CDG.
We are left in the dark for days weeks, when we enquire in regards to rents.
Mr. Mehraban comes across as a very honest individual. He owns a Lamborghini and Hammer from his previous business as a car dealer. He owns a nice house, he is welcoming and charming.
We lost a fortune from what was supposed to be a "positive cash business. BE AWARE.
