- Report: #523061
Complaint Review: Lighthouse Capital Group - Myrtle Beach South Carolina
Reported By:
anonymous -
Stamford, Connecticut, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Lighthouse Capital Group
603 North Kings Ave Myrtle Beach, 29577 South Carolina, United States of America
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Lighthouse Capital Group Kent Hodges Nothing but BS Myrtle Beach, South Carolina
The conference call with your borrower and Kent Hodges starts off good. He tells you his company, Lighthouse Capital Group LLC, and how he is affiliated with Harry Pavilack, a big time real estate attorney from Myrtle Beach. He then goes onto say how him and Harry form different corporations for different types of deals to get them funded. He also talks about how through the years Harry has formed partnerships with private investors and that they have the capability to lend on construction projects or come in as equity investors. No loan is too small, no loan is too big. Within 48 hours you get a LOI from Lighthouse Group signed by some guy named Doug Sophia. The LOI states the term and then asks for a due diligence fee which ranges from 5 thousand to 20 thousand depending on the size of the deal.
This all may sound good, too good to be true. Which it exactly is. Kent Hodges is nothing but an alcoholic convicted of a DUI and was represented by Harry Pavilack in court. Lighthouse Group is Kent Hodges company, nothing but a mortgage broker with NO ties to Harry Pavilack. He has no private investors or exclusive contacts to any people with money. He takes your due diligence money and shops the deal around to anyone he can google. Months and months will go by where he promises a commitment should be coming any time soon. No commitment is ever produced, no 3rd party reports were every done and he just takes the due diligence money and runs. Stay far away from these guys, especially Kent Hodges. Harry Pavilack you may be a smart big time attorney but you sure ruined your reputation when you hired this guy.
