- Report: #452162
Complaint Review: GAF Private Equity - Austin Texas
-
Author Confirmed
Why?
GAF Private Equity
http://www.gafprivateequity.com/ Austin, Texas, U.S.A.
Phone:
512-608-6800
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
GAF Private Equity - Ronnie McVaney Nightmare!! Austin Texas
I am a broker who was trying to finance a property for one of my clients. the property qualified to be financed by many lending programs but client needed to close within two weeks and decided to go hard money. Ronnie McVaney from gaf private equity(One Man Show) kept telling me that he can close the loan tomorrow if he had the appraisal, title, and financials on the project. i ordered a rush appraisal which cost my client $3,500 and got the title rushed back. my client paid Ronnie McVaney $995 deposit on the loan. I advised Ronnie from the beginning that the exit strategy was for the property to be financed through SBA after he closed on the loan(he even offered to refer me to a couple to SBA lenders that can do the loan). after giving Ronnie the deposit, he became unresponsive, extremely unprofessional, rude, and developed amnesia. after i submitted all the information that he needed to Close the loan, he told me that he was going on vacation with his wife because "it is Ronnie time" and he needed a vacation. so he came back one week later and now he is telling me that my exit strategy is not good enough. he said that he had a bad experience with the SBA. also, the appraisal came in high enough but he is saying that he is going to short my client 50K from the payoff. excuse after excuse, and delay after delay, the loan has not closed and is dead. i strongly don't recommend working with this company. it is just a waste of time and money. this has been a nightmare for my client and I.
Sam
Plano, Texas
U.S.A.
Sam
Plano, Texas
U.S.A.
1 Updates & Rebuttals
Sam
Plano,Texas,
U.S.A.
GAF Private Equity
#2Author of original report
Tue, May 26, 2009
This is in regards to the post on GAF Private Equity and Ronnie McVaney. The article was posted by an x employee of mine. He got fired for doing business behind the company's back and this was his way of getting back at me. He knew that i was working hard with Ronnie McVaney trying to close a loan for one of my clients so he posted the article descrediting GAF Private Equity to ruin my relationship with them. I have done many deals with Ronnie and GAF Private Equity is a great hard money lender. I have never had any bad experiences with them. I always got honest answers from them without wasting time. Ripoff Report's policy is to NEVER remove posts so i am writing this to clear GAF Private Equity's Name and Ronnie McVaney's name. the story mentioned in the previous article is COMPLETLELY false and should be disregarded.
