Need a Funder or Vendor? START HERE

Page 1 of 2 12 LastLast
Results 1 to 25 of 26
  1. #1
    Senior Member Reputation points: 173834
    Join Date
    Feb 2017
    Posts
    2,811

    Trump lawsuits

    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068

  2. #2
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Were you around in 2008 when Countrywide sold to Bank of America and all the loans were packaged and went south? Same thing different time. NegAms, 80/20 100% purchase financing stated income.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  3. #3
    Senior Member Reputation points: 71350
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    305

    Quote Originally Posted by abfunders View Post
    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068
    As Trump said "Why plead the 5th?? That's a coward move...."

    As Trump also said "Under the advice of counsel I will invoke my 5th Amendment as provided to me by the constitution" blah blah blah

    Cases like these go straight to plea bargains in due time. But as Trump's history shows, he drags that mf'er.

    Nothing worth keeping my eye on because no two sides can ever say the actual truth.
    Joseph
    A Brokers Nightmare
    Florida-Based

  4. #4
    Senior Member Reputation points: 289164
    Join Date
    Jun 2015
    Posts
    3,172

    Quote Originally Posted by abfunders View Post
    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068
    She will lose this case and cost taxpayers millions of dollars, and she wont care because it is all political and will not cost her a penny .It is up to lenders to do their own due diligence and appraisals then come up with what they want to do .

  5. #5
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Quote Originally Posted by Michael I View Post
    She will lose this case and cost taxpayers millions of dollars, and she wont care because it is all political and will not cost her a penny .It is up to lenders to do their own due diligence and appraisals then come up with what they want to do .
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  6. #6
    Senior Member Reputation points: 71350
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    305

    Quote Originally Posted by Olderguy View Post
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    Bet his minions storm the courtroom.........
    Joseph
    A Brokers Nightmare
    Florida-Based

  7. #7
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    I've got $20 bucks that says he loses and settles.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  8. #8
    Senior Member Reputation points: 24822
    Join Date
    Jul 2015
    Posts
    136

    Quote Originally Posted by Olderguy View Post
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    Fair point. Can you name a former president that wasn't a fraudster?

  9. #9
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Quote Originally Posted by Oxforddan View Post
    Fair point. Can you name a former president that wasn't a fraudster?
    Not to the extent that the Donald has committed. More people charged in his administration and more lawsuits pending for him far exceeds any former President in the history of our country. Look up the word Sociopath in the dictionary. You will see a picture of Donald Trump.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  10. #10
    Senior Member Reputation points: 71350
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    305

    Quote Originally Posted by Olderguy View Post
    Not to the extent that the Donald has committed. More people charged in his administration and more lawsuits pending for him far exceeds any former President in the history of our country. Look up the word Sociopath in the dictionary. You will see a picture of Donald Trump.
    Facts.

    This isn't a red or blue situation.

    The man knows how to cheat the system, but apparently he did it a little too much. So if he were to be caught red handed, with all the evidence in the world, will people still claim it to be a setup?
    Joseph
    A Brokers Nightmare
    Florida-Based

  11. #11
    Senior Member Reputation points: 24822
    Join Date
    Jul 2015
    Posts
    136

    Quote Originally Posted by Olderguy View Post
    Not to the extent that the Donald has committed. More people charged in his administration and more lawsuits pending for him far exceeds any former President in the history of our country. Look up the word Sociopath in the dictionary. You will see a picture of Donald Trump.
    I wont sit here and defend him. There are more than enough topics to dislike him about. Why pick one everyone else does as well? Doesn't make sense. Every president in my lifetime has been a criminal. Some just hide it better than others. A bank failing to do sufficient due diligence on assets they are collateralizing is probably the most minimal thing he has done wrong. Don't you do collateralized deals all day long? Is every client that you have ever gotten an amazing appraisal for a fraudster now too?

  12. #12
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Since everybody cheats, it's OK....just the big or stupid ones get caught.

    Actually you may not be far off the truth.

    The objective of business is to screw people and make a profit.

    That's the definition of capitalism.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  13. #13
    Senior Member Reputation points: 24822
    Join Date
    Jul 2015
    Posts
    136

    At no point did I say its OK. I just stated that there are way more egregious topics to point out relative to Trump. Seems like anyone in the industry thinking he did something so bad, is kind of the pot calling the kettle black.

  14. #14
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Quote Originally Posted by Oxforddan View Post
    At no point did I say its OK. I just stated that there are way more egregious topics to point out relative to Trump. Seems like anyone in the industry thinking he did something so bad, is kind of the pot calling the kettle black.
    All politicians serve at the pleasure of their donors. Donald is just worse in that respect.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  15. #15
    Senior Member Reputation points: 289164
    Join Date
    Jun 2015
    Posts
    3,172

    Quote Originally Posted by Olderguy View Post
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    explain to me why it is new york suing and not the banks ? also why is she filing civil not criminal ?

  16. #16
    Senior Member Reputation points: 24822
    Join Date
    Jul 2015
    Posts
    136

    He wont answer any questions directly. It is all just deflection and redirection. Answering questions with questions. I don't care red/blue however the lack of self reflection or accountability blows my mind.

    I am not a Trump fan, however let a lender value my house for triple what its worth and I am damn sure cashing that check. Does that make me a fraudster or does that mean that the bank needs to reevaluate how they underwrite?
    Last edited by Oxforddan; 09-23-2022 at 12:36 PM.

  17. #17
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Quote Originally Posted by Oxforddan View Post
    He wont answer any questions directly. It is all just deflection and redirection. Answering questions with questions. I don't care red/blue however the lack of self reflection or accountability blows my mind.

    I am not a Trump fan, however let a lender value my house for triple what its worth and I am damn sure cashing that check. Does that make me a fraudster or does that mean that the bank needs to reevaluate how they underwrite?
    All the above.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  18. #18
    Senior Member Reputation points: 309589
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,244

    Quote Originally Posted by Michael I View Post
    explain to me why it is new york suing and not the banks ? also why is she filing civil not criminal ?
    She is Civil. Criminal is a different office and working the same case.
    Hedley Lamarr......That's Hedley

  19. #19
    Senior Member Reputation points: 54
    Join Date
    Mar 2016
    Posts
    108

    RE: Trump Lawsuits

    IMHO it's another political witch hunt.

    A borrower can't just "over state the value" of real estate assets in order to get a larger loan.

    Banks don't just take a borrowers word for that. There's this little thing called performing due diligence and getting an arms length appraisal, no matter who you are.

    Hasn't anyone noticed that the dems have brought up countless accusations ever since he was elected in an "attempt to overthrow a duly elected president " - 4 years worth? All ending up as nothing?

    Before he was elected they kissed his ass. When he beat Hillary all of a sudden he was an enemy of the state.

    They're just trying to keep him from ever running for office again.

    I don't think he can run again. They succeeded in turning public opinion against him no matter whether any charges were true or not.

    But again IMHO this is all political male bovine excretion.

    No skin off my ass either way, or yours so who really gives a flying what - not?




    Quote Originally Posted by abfunders View Post
    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068
    Mike Lewis - commercial real estate loan broker / owner
    No up front fees loan broker
    Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +

    tel/voicemail: 937-964-5355
    cell/voicemail: 440-637-5646
    corporate email: mikelewis@michaellewisgroup.com

    www.linkedin.com/in/cigarmike

    Veteran Owned

    WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.

    We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.

    Michael Lewis Group Commercial real estate loans

    http://michaellewisgroup.com/index.html

    Loan Matrix

    Forms

    About Us

    Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.

    http://arthodyd.com/d.html

  20. #20
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Right...threatening violence and overthrowing a fair election is just a witch hunt huh?

    Sounds like Fascism to me.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  21. #21
    Senior Member Reputation points: 71350
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    305

    Quote Originally Posted by creloan View Post
    A borrower can't just "over state the value" of real estate assets in order to get a larger loan.

    Banks don't just take a borrowers word for that. There's this little thing called performing due diligence and getting an arms length appraisal, no matter who you are.
    Um, a borrower can over state the value of their assets. And yes, Banks do take their word for it. This is coming from a bank loan originator for 5+ years who now is on the other side as an underwriter.

    Both Trump and the Bank can and should be held liable. However, the way our justice system works, nothing extreme is going to happen here.

    This is all a matter of KYC blowing up in the banks face and taking the Borrower's word. Due Diligence here for this caliber of transaction can somewhat slip through the cracks, just not drastic enough to warrant immediate regulatory red flags. With so many assets under this mans name, one cant sit there and evaluate them all for proper values when the borrower may have some sort of rapport.
    Joseph
    A Brokers Nightmare
    Florida-Based

  22. #22
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Bank executives were in on the fraud and were forced out of the company. Same Ol' Sheit....
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  23. #23
    Senior Member Reputation points: 71350
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    305

    Quote Originally Posted by Olderguy View Post
    Bank executives were in on the fraud and were forced out of the company. Same Ol' Sheit....
    Steve, don't say that here. You're going to make republicans angry.
    Joseph
    A Brokers Nightmare
    Florida-Based

  24. #24
    Senior Member Reputation points: 33095 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    899

    Quote Originally Posted by BR-Nightmare View Post
    Steve, don't say that here. You're going to make republicans angry.
    But Hillary's emails?
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  25. #25
    Senior Member Reputation points: 71350
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    305

    Quote Originally Posted by Olderguy View Post
    But Hillary's emails?
    Don't you dare......
    Joseph
    A Brokers Nightmare
    Florida-Based

Similar Threads

  1. TCPA Lawsuits may skyrocket
    By tcpalitigatorlist in forum Merchant Cash Advance
    Replies: 0
    Last Post: 10-07-2021, 03:13 PM
  2. California MCA Lawsuits
    By ISO man in forum Merchant Cash Advance
    Replies: 0
    Last Post: 08-01-2019, 12:39 PM
  3. Loans on pending lawsuits
    By LJH365 in forum Business Loans
    Replies: 6
    Last Post: 07-13-2017, 12:58 PM
  4. Stacking Lawsuits
    By dpFund in forum Merchant Cash Advance
    Replies: 42
    Last Post: 12-05-2016, 11:14 AM
  5. Stacking - any lawsuits actually won?
    By Mikhail Suley in forum Merchant Cash Advance
    Replies: 4
    Last Post: 04-22-2015, 03:33 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Avant secures $10M
JG Wentworth acquires online lender
Newtek to acquire NBNYC


DIRECTORY