LDA Capital claims to be a alternative lending facility, and has a standard contract based on the law of British Virgin Islands. They entice financial advisors, lawyers, to refer to them companies that are in need of capital. They claim to pay a fee of 30% of the commitment fee to the advisor but with a 15-day expiry period. They are in essence setting you up to fail so that as no one can close a financing facility in 15 days.
Once you do the introduction they simply say they are busy and let the clock run out and then engage your referral without you. They also violate a ton of laws by having unlicensed parties essentially market securities without being licensed for a product it is doutbful they have the funds for in the first place. If they contact you as an origination partner they will screw you over, and there financing is nothing but predatory lending.
LDA Capital Reviews
LDA Capital claims to be a alternative lending facility, and has a standard contract based on the law of British Virgin Islands. They entice financial advisors, lawyers, to refer to them companies that are in need of capital. They claim to pay a fee of 30% of the commitment fee to the advisor but with a 15-day expiry period. They are in essence setting you up to fail so that as no one can close a financing facility in 15 days.
Once you do the introduction they simply say they are busy and let the clock run out and then engage your referral without you. They also violate a ton of laws by having unlicensed parties essentially market securities without being licensed for a product it is doutbful they have the funds for in the first place. If they contact you as an origination partner they will screw you over, and there financing is nothing but predatory lending.