Results 1 to 5 of 5
-
08-31-2023, 05:21 PM #1
Reputation points: 4934
- Join Date
- Jun 2020
- Location
- Missouri
- Posts
- 59
William Borman and Private Commercial Loans
Has anyone ever had a client pay William Borman of Private Commercial Loans an underwriting/processing fee and they did not receive the loan? On the other side of the coin, is there anyone who has had a client actually receive a loan from Private Commercial Loans through William Borman? Please let me know either way. I am compiling a file on this company and William Borman.
Tom Harrier
Integrity Commercial Loans, LLC
407-928-8542
broker@tomharrier.net
-
08-31-2023, 05:23 PM #2
Reputation points: 226125
- Join Date
- Feb 2017
- Posts
- 3,396
Did you read our responses?
https://dailyfunder.com/showthread.p...ercial-Lending
-
08-31-2023, 05:46 PM #3
Reputation points: 4934
- Join Date
- Jun 2020
- Location
- Missouri
- Posts
- 59
Micah, yes, but I am specifically looking for clients who have lost money. I am taking this to the next level and now I am not speaking as a loan broker but as a law enforcement officer of 40+ years.
-
10-11-2023, 06:34 PM #4
Reputation points: 578
- Join Date
- Sep 2023
- Posts
- 9
William Borman and privatecommercial.net are a fraudulent upfront fee scam that has been operating for over 10 years.
He operates under the names of numerous people who do not even exist (In fact, William Borman may be an alias).
Names of people who do not exist include Jason Richards, David Pell, etc. etc. etc.
He is very strategic in making it appear legitimate by turning down loans on occasion and having very specific guidelines. That being said, they have never closed a single loan.
If you're reading this, you've been warned. I'm hopeful Tom will utilize all of the various government agencies capable of enforcing a wide scale investigation into privatecommercial.net since this scam has gone on for over a decade.
Many brokers have directed clients to th se scammers and subsequently lost hundreds and thousands of dollars worth of commissions had they sent their deal elsewhere.
Unacceptable and disgusting!Last edited by MTGPOLICE; 10-11-2023 at 06:36 PM.
-
10-11-2023, 06:46 PM #5
Reputation points: 578
- Join Date
- Sep 2023
- Posts
- 9
People have been onto this for years but he tries desperately to hide it.https://www.linkedin.com/feed/update...member_android
Similar Threads
-
Private Commercial Lending
By MissouriBroker1 in forum Deal BinReplies: 18Last Post: 05-07-2024, 09:14 PM -
commercial real estate financing construction loans commercial mortgages
By Richierichard in forum All Other LendingReplies: 0Last Post: 02-06-2020, 07:39 PM -
Private Bridge Loans and Land Loans
By omegafund in forum PromotionsReplies: 0Last Post: 01-30-2020, 02:33 PM -
Private lenders wants to make <$1mm USA based commercial real estate loans:
By creloan in forum PromotionsReplies: 0Last Post: 04-26-2019, 03:44 PM -
Loans against Private Stock
By Christian T in forum Deal BinReplies: 5Last Post: 08-07-2016, 07:48 PM