McMann Commercial Lending
Rental Property Investor · Los Gatos, CA · Member since 2017 · 124 posts · 131 votes
McMann Commercial Lending
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Member since 2023 · 6 posts · 5 votes
3yI’m going through the same story. 180 days today and still nothing. I asked numerous times the name of the bank who’s supposedly issuing this loan, I asked for the name and contact info of their attorneys, I asked to see the beloc application with the bank…. Never would they provide me anything. They are always on a conference call and never have a update when it will funds. Multiple times they gave me a funding date but it never happened. They also promised me a bridge loan since the beloc is late but the bridge loan also never happened. They gave me a fake testimonial letter from supposedly someone who got funded by a beloc …. We called and it was someone who got a unsecured line of credit and not a beloc of $19MM. Now they are telling me that the bank in UK is illegally holding the funds. I asked again to speak with the attorneys but they refused again. Now I will try to get my deposit back. I will definitely go after them… this is a scam and I have hundreds of text messages and emails where they lied to me and they put me in a ton of troubles. Here is a screenshot of the last time my loan officer said the beloc was funding (March 7th) and obviously it did not happen and now they telling me again they don’t know when it’s gonna happen …
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- Member since 2023 · 10 posts · 9 votes2y
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