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  • Report:  #1492824

Complaint Review: Global Capital Parnters Fund LLc - New York 274 Madison Ave Suite 901

Reported By:
M Willis - Wake Forest, NC, United States
Submitted:
Updated:

Global Capital Parnters Fund LLc
New York, 10016 274 Madison Ave Suite 901, United States
Phone:
2126581019
Web:
https://gcpfund.com/
Tell us has your experience with this business or person been good? What's this?

They sent me an LOI in which I had to pay $3500.00 for the LOI and for them to underwrite the file, and if they did not do the loan I would get back $1500.00 of the fee a paid for the underwriting of the loan. 

A week later the sent me a Commit letter stating that the would do the loan for 1.8M , but wanted me to pay a another non-refundable fee of $18,000 of there 3% fee.  They did not underwrite the file, because in the commit.

letter is stated that would order the appraisal, but we already had a new appraisal they told us they would use,.   

Title work was done, we are set to close.  Why would they want a non refundble fee of $18,000  when we was ready to close, they wanted that fee so they would find a way of not doing the loan, But they told us upfront

about the $18,000 fee and said if we paid if and if they loan did not close we would get it back, But once the commit came over it had non-refundable in the commit.  They was really nasty to my broker and told us we could just go somewhere else.  So all in all they stold $3500.00 for a job they did not do.

Do Not Do business with Them......... Unless you Have money to Loose

Scam Company...... 

 



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