- Report: #440706
Complaint Review: Patron Estates LLC - New York New York
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Patron Estates LLC
22 Cortlandt St. New York, New York, U.S.A.
Phone:
212-937 8837
Web:
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Patron Estates, LLC Loan With Junk Fees And No Production New York New York
Patron Estates is a hard money front. In this market, it is difficult to distinguish the good money, the bad money, and the companies with no money. Patron will charge a min. of $5,000 per loan that clients are "approved" for. They have used other company names in the past, such as Worldwide Strategic Alliance, Inc. Many crooked companies change names and addresses rapidly to spare themselves a devastating lawsuit. Many hard money lenders have contacts who are private investors or hedge fund investors. When a deal is brought to the table it is reviewed and either approved or denied (usually based on appraised value). However, if erroneous fees are charged up front, it is smart to walk away. What scam artists do is pre-approve clients, then charge them preliminary fees. They will then attempt to find an investor to lend the funds to close, and if they don't the deal is dead and the client has lost his or her deposit. This company is no exception. Beware of all hard money lenders. Due Diligence is necessary always.
Jon
Irvington, New Jersey
U.S.A.
Jon
Irvington, New Jersey
U.S.A.
1 Updates & Rebuttals
Jason Stamford
Stanford,Pennsylvania,
U.S.A.
Patron Estates NOT Ripoff! They get deals closed!
#2Consumer Comment
Wed, April 29, 2009
Hi, My name is Jason Stamford. I am a real estate developer from Scranton, PA. I have been working with the people from Patron Estates for about a year now. They have assisted in closing a variety of different deals from a $950,000 one-family residential loan to a $1.2 million loan I needed for a multi-use facility. I would recommend working with this company for anyone who wants to complete loans efficiently and expeditiously. Jason Stamford Scranton, PA
