Alexis Realty Solutions LLC AKA ARS Finance & Investment - Fraudulent lending / Wire Fraud / Not licensed in RE or lending Misrepresented Escrow acct where my deposit for investment property was to be held and withdrew funds, breached contract and commitment letter to fund investment property after 9 months and caused me to lose thousands of dollars in expenses and income on the property with false promises and delays that continue to this day. Failed to refund deposit after 5 requests according to their contract to refund after 90 days.
DO NOT TRUST this company to fund your investments!! Do your due diligence beyond the company and representatives by checking out the officers of the company and licenses! They have not funded deals and continue to advertise their fraudulent lending practices and solicit deposits from people.
On May 10th, 2017 I applied for a loan with Alexis Realty Solutions, LLC after being referred to their representative. It was my understanding that this was a bond 144A loan which requires a 3% deposit in escrow until the loan was funded. Since I was familiar with this program, it is a common requirement when funding with the bond 144A but was sure to confirm with that this would be going into an escrow account as I would not just send the company my deposit. On May 26th, 2017 after receiving an Addendum of loan approval from ARS Finance and Investment LLC for a loan on my income producing investment property, I wired my deposit to Huntington Bank and was assured that this was an escrow account. I also messaged my credit union to ensure that this was an escrow account as it was for the purchase of investment property. After continuous delays in funding, I requested a refund of my deposit, not once, but FOUR times! In addition, I requested that my bank seek a refund and found that the account that I wired my funds to was closed for fraudulent activity.
Before wiring my deposit, I was also assured that they could close within two weeks. That never came to pass. The representative I was working with claimed that Alexis Realty Solutions, LLC lost their largest underwriter but replaced them shortly thereafter. I was given a commitment letter to close on July 7th which required me to put additional earnest money on the property. At this point I was speaking with Dawnn Long's executive assistant and told her that I would not put the additional earnest money up if they were not certain that they could perform because it was nonrefundable earnest money. She assured me that the funds would be released on July 7th, 2017. Once again, the funds did not come through putting my deal and earnest money at risk of loss.
After several promised closing dates followed, on August 18th, 2017, Dawnn’s executive assistant sent me an email stating that we were 72 hours or less away from closing along with a copy of a bank statement showing a 27,000,000 deposit into their broker/funder’s account that was supposed to fund ARS deals. Their broker/funder is in Atlanta Georgia and along with another party were supposedly handling the leveraging of these funds against diamonds, precious metals, etc. or so you claim. The Attorney is also in Atlanta, GA. These are supposedly the replacement lenders, but evidently are not licensed according to the Georgia Department of Banking and Finance cease and desist received by their broker/funders. Needless to say, the funding, once again was not released. Their excuse was that it was a mistake and those funds were not ARS's but someone Else's. I believe this to be a lie since 27,000,000 is the amount they claimed all along they were expecting to fund our deals and their company as well.
There were several more promised dates, finally, the first week of November 2017, Dawnn’s executive assistant informed me that she and Dawnn had taken a trip to Georgia to meet with their broker/funders to get a status of funds. She claimed that they were shown proof and went to the US Department of Treasury to confirm that funds were there. At that time, she claimed that they were informed that the Paymasters fiscal year ended on November 30th and if all funds were not out of the account by that time they would face federal charges. November 30th came and went, and we were then told that they had a one-time 30-day extension and funds would be released no later than December 25th, 2017. How convenient as this is Christmas day. She also sent documentation which appears to be a legitimate government document showing an extension to December 25th, 2017, however when I reached out to the contact on the form, she said it had nothing to do with funding of loans???
I found this Fox news interview months after getting involved with this company. http://www.fox2detroit.com/news/local-news/hall-of-shame-wannabe-mogul-lives-large-while-customers-languish PLEASE DO YOUR DUE DILIGENCE! This was from their first round of victims! There are several others in this round.
I am a new investor who was looking to expand his portfolio of rental properties. One of the consultants for Alexis Realty reached out to me on Biggerpockets.com, we exchanged contact information and he told me about some very exciting programs available with Alexis Realty. I submitted an offer on a property back on May 11, 2017. The terms of the proposal were notarized and sent back to Alexis Realty on June 22, 2017 along with a Loan applicatiton Fee in the amount of $6,420.00. It has been almost 120 days since the contract was executed and I still don't have word from Alexis Realty as to when my project will be funded. The last message from my consultant was that if deal does not fund today, I will be getting a refund. Hopefully, I won't have to wait another 4 months to receive my refund.
Alexis Realty Solutions LLC Reviews
Alexis Realty Solutions LLC AKA ARS Finance & Investment - Fraudulent lending / Wire Fraud / Not licensed in RE or lending Misrepresented Escrow acct where my deposit for investment property was to be held and withdrew funds, breached contract and commitment letter to fund investment property after 9 months and caused me to lose thousands of dollars in expenses and income on the property with false promises and delays that continue to this day. Failed to refund deposit after 5 requests according to their contract to refund after 90 days.
DO NOT TRUST this company to fund your investments!! Do your due diligence beyond the company and representatives by checking out the officers of the company and licenses! They have not funded deals and continue to advertise their fraudulent lending practices and solicit deposits from people.
On May 10th, 2017 I applied for a loan with Alexis Realty Solutions, LLC after being referred to their representative. It was my understanding that this was a bond 144A loan which requires a 3% deposit in escrow until the loan was funded. Since I was familiar with this program, it is a common requirement when funding with the bond 144A but was sure to confirm with that this would be going into an escrow account as I would not just send the company my deposit. On May 26th, 2017 after receiving an Addendum of loan approval from ARS Finance and Investment LLC for a loan on my income producing investment property, I wired my deposit to Huntington Bank and was assured that this was an escrow account. I also messaged my credit union to ensure that this was an escrow account as it was for the purchase of investment property. After continuous delays in funding, I requested a refund of my deposit, not once, but FOUR times! In addition, I requested that my bank seek a refund and found that the account that I wired my funds to was closed for fraudulent activity.
Before wiring my deposit, I was also assured that they could close within two weeks. That never came to pass. The representative I was working with claimed that Alexis Realty Solutions, LLC lost their largest underwriter but replaced them shortly thereafter. I was given a commitment letter to close on July 7th which required me to put additional earnest money on the property. At this point I was speaking with Dawnn Long's executive assistant and told her that I would not put the additional earnest money up if they were not certain that they could perform because it was nonrefundable earnest money. She assured me that the funds would be released on July 7th, 2017. Once again, the funds did not come through putting my deal and earnest money at risk of loss.
After several promised closing dates followed, on August 18th, 2017, Dawnn’s executive assistant sent me an email stating that we were 72 hours or less away from closing along with a copy of a bank statement showing a 27,000,000 deposit into their broker/funder’s account that was supposed to fund ARS deals. Their broker/funder is in Atlanta Georgia and along with another party were supposedly handling the leveraging of these funds against diamonds, precious metals, etc. or so you claim. The Attorney is also in Atlanta, GA. These are supposedly the replacement lenders, but evidently are not licensed according to the Georgia Department of Banking and Finance cease and desist received by their broker/funders. Needless to say, the funding, once again was not released. Their excuse was that it was a mistake and those funds were not ARS's but someone Else's. I believe this to be a lie since 27,000,000 is the amount they claimed all along they were expecting to fund our deals and their company as well.
There were several more promised dates, finally, the first week of November 2017, Dawnn’s executive assistant informed me that she and Dawnn had taken a trip to Georgia to meet with their broker/funders to get a status of funds. She claimed that they were shown proof and went to the US Department of Treasury to confirm that funds were there. At that time, she claimed that they were informed that the Paymasters fiscal year ended on November 30th and if all funds were not out of the account by that time they would face federal charges. November 30th came and went, and we were then told that they had a one-time 30-day extension and funds would be released no later than December 25th, 2017. How convenient as this is Christmas day. She also sent documentation which appears to be a legitimate government document showing an extension to December 25th, 2017, however when I reached out to the contact on the form, she said it had nothing to do with funding of loans???
I found this Fox news interview months after getting involved with this company. http://www.fox2detroit.com/news/local-news/hall-of-shame-wannabe-mogul-lives-large-while-customers-languish PLEASE DO YOUR DUE DILIGENCE! This was from their first round of victims! There are several others in this round.
I am a new investor who was looking to expand his portfolio of rental properties. One of the consultants for Alexis Realty reached out to me on Biggerpockets.com, we exchanged contact information and he told me about some very exciting programs available with Alexis Realty. I submitted an offer on a property back on May 11, 2017. The terms of the proposal were notarized and sent back to Alexis Realty on June 22, 2017 along with a Loan applicatiton Fee in the amount of $6,420.00. It has been almost 120 days since the contract was executed and I still don't have word from Alexis Realty as to when my project will be funded. The last message from my consultant was that if deal does not fund today, I will be getting a refund. Hopefully, I won't have to wait another 4 months to receive my refund.