- Report: #1443077
Complaint Review: First National Capital - Foothill Ranch Ca
Reported By:
Concerned Citizen -
San Bernardino , Cal, United States
Submitted:
Updated:
-
Author Confirmed
Why?
First National Capital
27051 Towne Centre Drive suite 260 Foothill Ranch, 92610 Ca, United States
Phone:
866 750-3622
Web:
Www.firstncc.com
Categories:
Business Rating:
(0)
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First National Capital Aviation Finance Broker Foothill Ranch California
I wanted to inform anyone seeking an aircraft loan or lease that this company has only direct lended 1 aircraft , and they broker all financings to third party banks who are the real lenders of the transaction . The VP of aviation will tell you they are the lender , and after you are financially committed to them with a large upfront deposit and sign their letter of intent with origination fees . They pose as the lender and then tell you that a banking partner will be involved . At that time they inform you that they need to send your deposit to the other lender and make you sign the other real banks term sheet . First national aviation makes a premium for bumping your interest rate up to gain a spread over what you could get by going direct to a real bank . Some of the lenders are Huntington Bank , and many others . Don’t pay origination fees to an aviation finance broker when a real bank could do the transaction so much cheaper without non refundable deposits and closing costs . The VP will tell you whatever it takes to keep you in Boat while they try to get a real bank to fund the deal .
3 Updates & Rebuttals
Ex Employee
Seal Beach ,California,
United States
This report is factual and true
#2Author of original report
Tue, July 17, 2018
As an ex employee I find this report to be 100% accurate in all that is written .
Concerned citizen
San Bernardino ,California,
United States
retraction
#3Author of original report
Thu, May 17, 2018
The report about aircraft lending and the company listed is an error and the actual company is not First National Capital but First National Aviation Lending a Broker if aviation finance arrangements
Concerned citizen
San Bernardino , CA,California,
United States
Retraction
#4Author of original report
Wed, May 16, 2018
I’m regards to direct lending recent aviation database searches show less than 3 Direct aviation loans with First National as the actual bank
