Axiom Commercial Funding / Commercial Lender / Take money from people wanting to refinance and never closing loan
Axiom Commercial Funding was interested in my loan that was submitted on a real estate web site through a mortgage broker. They found out all of the details and approved us for 377,000. After many phone calls and Emails to us, they assured us that after we paid them a "site fee" of 1% that within 10 to 14 days we would close on our loan. We paid them a total of $3770.00, and they actually did send their "Underwriter" James Soaring Eagle Vonda out to our hotel for 3 days. He looked around doing his site visit for a total of maybe 1 hour. He left ( never paying his hotel bill) and as I said before was supposed to have our loan ready to close in 10 to 14 days. From this point all calls and emails got fewer and fewer. We had to initiate all contact. They had a excuse for everything as to why it was taking longer than they said, from the appraisal had to be redone, which it was, a new survey, which it was, waiting on the underwriter, which is James Vonda and he said it was done to anything else under the sun. Finally, they said that the reason for not closing was that they were not licensed in the state we are in, but they had applied for a license 2 weeks prior and it should only be a few more days. After a few more days went by, I called the state to find out the status of their license, and of course the state had never heard of them. After contacting them and asking about this lie, that was the last contact we had with them. No more emails, no more phone calls, until I sent a email threatening to have Mr. Vonda put in jail and the company exposed as a fraud. He then responded, promising to refund my money, however at this time he has not. He has every excuse now of why it is going to take a little longer, he needs the bank info to wire the money, etc. Has anyone on this planet ever closed a loan with this company? If so I would love to hear from you.