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phoenix financial specialists / Rip off charges upfront loan fees and you don't get a loan

1 P.O.Box 1102, Capitola, CA 95010Capitola, CA, United States Review updated:
Contact information:
Phone: 8314648990

Promised a comercial loan for real estate if I paid Thousands in upfront fees. Claimed to be an underwriter and worked as a "consultant" for me. signed a contract with Eric Lerman which required upfront fees before any loan would be processed. Dragged it our for months, never got a loan after thousands of Dollars in fees. Doesnt answer phone, rarely calls back, and when calls goes on and on with loan jargon that nobody would understand, creates complicated loan details that are outrageous. When he finally decided to close the loan, he wanted a large sum of cash to do the loan. And then it turned out not to be a loan but a "line of credit letter" that was backed by gold bonds or some other rediculous form of credit.
DO NOT GIVE THIS MAN YOUR MONEY, IT IS A RIP OFF.

Ro
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Comments

  • Sp
      2nd of Jul, 2013
    0 Votes

    Eric Lerman has now moved on to a new name, "Titan Global Assets" still based out of the Santa Cruz area. New number is 831-471-8444. Still pulling the exact same game with upfront fees and terminology which is somewhat industry related and somewhat completely incoherent babble.

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