After weeks of underwriting and due diligence, Highland Capital Group, LLC provided an executed Pre Approval Letter to LandAmerica Holdings & Investments Group, LLC for a real estate development loan. Per Pre approval Letter, the LandAmerica was to deposit a fee of $6,500.00 into the account of Tower Lending for due diligence.
According to the executed Pre Approval Letter provided by Highland Capital Group, LLC to LandAmerica, Deposit money was to be used for loan underwriting. Because Highland Capital Group, LLC did not perform the services contemplated, the funds placed on Deposit by LandAmerica should be returned immediately. The Pre Approval Letter provided by Highland Capital Group, LLC to LandAmerica was not backed by an actual legitimate loan. Highland Capital Group, LLC has never produced a lender or evidence or a legitimate loan, therefore the entire transaction, the Pre Approval Letter and everything that followed was fraudulent. The pre-approval letter is fraudulent and has no basis, therefore no underwriting was required because no legitimate loan or lender was ever identified and presented by Highland Capital Group, LLC.
Because Highland Capital Group, LLC failed to deliver a lender and a loan offer, any legitimate closing documents, there was no legitimate reason to use funds placed on Deposit.
On April 27, 2015, LandAmerica and its principals entered into agreement, evidenced by a Pre Approval Letter with Highland Capital Group, LLC and its principals Sabi Varon and Alan Ovdat. According to the Pre Approval Letter, Highland Capital Group, LLC would deliver a $1,320,000 loan, secured by the real property and improvements, including the construction of 24 townhomes, subject to normal due diligence and underwriting. Over a period of 120 days, neither Highland Capital Group, LLC nor any company affiliated with Mr. Varon, and Mr. Ovdat delivered a loan for closing. Instead on July 18, 2015, Mr. Ovdat requested that LandAmerica make an additional deposit for $1,000.00 to the account of their affiliate Mr. Tom Stacy based on a guarantee that our loan would close in 10 days. On of August 6, 2015, when I contacted Mr. Varon and Mr. Ovdat and requested the return of the $7,500.00 in deposits paid on April 27, 2015 and on July 18, 2015 based on no loan offer having been made, I was told in an e-mail by Mr. Ovdat that Mr. Stacey is a fraud.
We later closed a loan with a legitimate and lender and immediately requested the return of the $7,500 in deposits provided to Highland Capital Group, LLC and it's co-conspiritor Tom Stacy of Beech Grove Renaissance Group, LLC. Our request was followed by a Demand Letter in a final attempt to recover funds placed on Deposit with Highland Capital Group and Tom Stacy of Beech Grove.
Beacuse of Highland Capital Group and it's co-conspiritor Tom Stacy of Beech Grove Renaissance Group refusal to return our deposits, we are seeking justice with the filing of this report to inform the global community of the ocmapny's and it's agents unethical dealings and illegially activites of stealing client's escrow deposits.
Highland Capital Group Reviews
After weeks of underwriting and due diligence, Highland Capital Group, LLC provided an executed Pre Approval Letter to LandAmerica Holdings & Investments Group, LLC for a real estate development loan. Per Pre approval Letter, the LandAmerica was to deposit a fee of $6,500.00 into the account of Tower Lending for due diligence.
According to the executed Pre Approval Letter provided by Highland Capital Group, LLC to LandAmerica, Deposit money was to be used for loan underwriting. Because Highland Capital Group, LLC did not perform the services contemplated, the funds placed on Deposit by LandAmerica should be returned immediately. The Pre Approval Letter provided by Highland Capital Group, LLC to LandAmerica was not backed by an actual legitimate loan. Highland Capital Group, LLC has never produced a lender or evidence or a legitimate loan, therefore the entire transaction, the Pre Approval Letter and everything that followed was fraudulent. The pre-approval letter is fraudulent and has no basis, therefore no underwriting was required because no legitimate loan or lender was ever identified and presented by Highland Capital Group, LLC.
Because Highland Capital Group, LLC failed to deliver a lender and a loan offer, any legitimate closing documents, there was no legitimate reason to use funds placed on Deposit.
On April 27, 2015, LandAmerica and its principals entered into agreement, evidenced by a Pre Approval Letter with Highland Capital Group, LLC and its principals Sabi Varon and Alan Ovdat. According to the Pre Approval Letter, Highland Capital Group, LLC would deliver a $1,320,000 loan, secured by the real property and improvements, including the construction of 24 townhomes, subject to normal due diligence and underwriting. Over a period of 120 days, neither Highland Capital Group, LLC nor any company affiliated with Mr. Varon, and Mr. Ovdat delivered a loan for closing. Instead on July 18, 2015, Mr. Ovdat requested that LandAmerica make an additional deposit for $1,000.00 to the account of their affiliate Mr. Tom Stacy based on a guarantee that our loan would close in 10 days. On of August 6, 2015, when I contacted Mr. Varon and Mr. Ovdat and requested the return of the $7,500.00 in deposits paid on April 27, 2015 and on July 18, 2015 based on no loan offer having been made, I was told in an e-mail by Mr. Ovdat that Mr. Stacey is a fraud.
We later closed a loan with a legitimate and lender and immediately requested the return of the $7,500 in deposits provided to Highland Capital Group, LLC and it's co-conspiritor Tom Stacy of Beech Grove Renaissance Group, LLC. Our request was followed by a Demand Letter in a final attempt to recover funds placed on Deposit with Highland Capital Group and Tom Stacy of Beech Grove.
Beacuse of Highland Capital Group and it's co-conspiritor Tom Stacy of Beech Grove Renaissance Group refusal to return our deposits, we are seeking justice with the filing of this report to inform the global community of the ocmapny's and it's agents unethical dealings and illegially activites of stealing client's escrow deposits.