Lambarri is a scam artist. Claims he is a successful Hard Money lender, living in Rancho Santa Fe. He's a fraud. He was squatting in a foreclosed home, but gives a good "show." Claims he has "investors" who can set up hard money loans. He doesn't.
He is simply a broker who will shop your deal to other legitimate lenders, and will fail. He will try to get an advanced fee from you for good faith costs - you'll see nothing for your money.
He is a scam artist and a fraud. A con artist who tells a good story, but at the end of the day, your information is all over the internet and all over the industry, and you are out an advanced fee, and have nothing to show for it, except for the wasted time.
He worked my deal, based on his promissed access to lenders, for months. No "fast close" as promissed. He got my money, wasted my time, and at the end of the day he had nothing.
When I moved on to an investor who did fund my deal, he would not refund the advanced fees, although he could not explain where the money went.
Then, after I closed my deal he looked up the lender's name from the property records and contacted him to talk badly about me, and to try and get the investor to place money with him. He also wanted an up front cost from the investor.
My investor called me to tell me this guy is a joke. He's been around a long time and ripped a bunch of people off. Told me I got off easy with just a little money lost and a lot of time wasted.
There are plenty of people with access to hard money. This Lambarri character is NOT one of them.
My name is Marcel Lambarri. First, I wanted to mention that this report is fake and fabricated. Needless to say, I will respond to it and point out its absurdity.
To begin, the filer only states his first name, Martin, and does not give his last name and states he is from Arizona. I have never had a client by the name of Martin, nor anyone from the State of Arizona. If he was a real person, then I would challenge him to give the general public more information so I (and the public) could identify him.
His statement that I charged an “advance fee” is also false and fabricated. No one in the industry charges an advance fee. In fact, no person of sound mind would give a broker an “advance fee” to look for a loan. That is not the practice in the industry and simply undermines the public’s intelligence trying to sell this story. Broker’s, loan agents, etc. get paid once a loan has been arranged and funded, not before. Consequently, this fact alone should undermine the filer’s statement about me.
Next point this anonymous filer makes is that he “moved to an investor who did fund” the deal, and then I “would not refund the advance fees” and I “could not explain where the money went”. If I had charged an “advance fee”, which I did not, stating that I “could not explain where the money went” is another red flag as to the report being a fabricated report, because no one would say the person “could not explain where the money went”. This is just an asinine statement. What does the filer mean that I could not explain where the money went? Why would he state this if it was an advance fee?
Another asinine statement that the filer makes is that I looked up the lenders name after the filer closed the deal and “talked badly about” him. There would no reason a broker would contact a lender to talk badly about the borrower when the broker has lost a deal. Most people in this industry know that preserving relationships with potential borrowers is key to one’s success. Losing a deal does not mean that the client will never return for another deal in the future. In fact, I have had many clients who have closed deals with other brokers only to later come to me for another loan. The fact of the matter is, clients want the best deal possible and will shop around and may come back, so to burn a bridge with any client is a bad deal and is simply false and irrational.
The absurdity of the filer’s post is more transparent when you move on to read that I supposedly then asked for “an up front cost from the investor”. The fact of the matter is that this simply does not happen in the industry and to state such is absurd. No broker, loan officer or loan agent charges an up-front fee from the potential investor/lender.
Of course if the posting was true, these allegations would be reported to the DRE or a lawsuit would have been filed. No such notation was made by the filer. Why wouldn’t the filer pursue this course of action you should ask?
The sad fact of the matter is that anyone can post fabricated comments about anyone on these type of sites. Its hard to distinguish fake ones from real complaints, but we should all read these reports carefully and look for clues that are red flags. Competitors and often people who are not even doing business with the person post these reports in order to hurt hard working individuals often times because of ulterior motives.
I hope that you have read my response and see the absurdity of the filer’s statements and side with me on the posting. I am a hard working individual. I have hundreds of satisfied clients. I have been in the lending business for over 15 years and this is how I make a living to support my family of 6. In fact, if you search the internet and public records you will not find one iota of evidence of incompetence. Having been in business for over 15 years and closed hundreds of deals, this should speak mountains about me.
Thank you for taking the time to read my response.
Marcel Lambarri Reviews
Lambarri is a scam artist. Claims he is a successful Hard Money lender, living in Rancho Santa Fe. He's a fraud. He was squatting in a foreclosed home, but gives a good "show." Claims he has "investors" who can set up hard money loans. He doesn't.
He is simply a broker who will shop your deal to other legitimate lenders, and will fail. He will try to get an advanced fee from you for good faith costs - you'll see nothing for your money.
He is a scam artist and a fraud. A con artist who tells a good story, but at the end of the day, your information is all over the internet and all over the industry, and you are out an advanced fee, and have nothing to show for it, except for the wasted time.
He worked my deal, based on his promissed access to lenders, for months. No "fast close" as promissed. He got my money, wasted my time, and at the end of the day he had nothing.
When I moved on to an investor who did fund my deal, he would not refund the advanced fees, although he could not explain where the money went.
Then, after I closed my deal he looked up the lender's name from the property records and contacted him to talk badly about me, and to try and get the investor to place money with him. He also wanted an up front cost from the investor.
My investor called me to tell me this guy is a joke. He's been around a long time and ripped a bunch of people off. Told me I got off easy with just a little money lost and a lot of time wasted.
There are plenty of people with access to hard money. This Lambarri character is NOT one of them.
Don't waste your time or money.
FALSE AND FABRICATED REPORT
My name is Marcel Lambarri. First, I wanted to mention that this report is fake and fabricated. Needless to say, I will respond to it and point out its absurdity.
To begin, the filer only states his first name, Martin, and does not give his last name and states he is from Arizona. I have never had a client by the name of Martin, nor anyone from the State of Arizona. If he was a real person, then I would challenge him to give the general public more information so I (and the public) could identify him.
His statement that I charged an “advance fee” is also false and fabricated. No one in the industry charges an advance fee. In fact, no person of sound mind would give a broker an “advance fee” to look for a loan. That is not the practice in the industry and simply undermines the public’s intelligence trying to sell this story. Broker’s, loan agents, etc. get paid once a loan has been arranged and funded, not before. Consequently, this fact alone should undermine the filer’s statement about me.
Next point this anonymous filer makes is that he “moved to an investor who did fund” the deal, and then I “would not refund the advance fees” and I “could not explain where the money went”. If I had charged an “advance fee”, which I did not, stating that I “could not explain where the money went” is another red flag as to the report being a fabricated report, because no one would say the person “could not explain where the money went”. This is just an asinine statement. What does the filer mean that I could not explain where the money went? Why would he state this if it was an advance fee?
Another asinine statement that the filer makes is that I looked up the lenders name after the filer closed the deal and “talked badly about” him. There would no reason a broker would contact a lender to talk badly about the borrower when the broker has lost a deal. Most people in this industry know that preserving relationships with potential borrowers is key to one’s success. Losing a deal does not mean that the client will never return for another deal in the future. In fact, I have had many clients who have closed deals with other brokers only to later come to me for another loan. The fact of the matter is, clients want the best deal possible and will shop around and may come back, so to burn a bridge with any client is a bad deal and is simply false and irrational.
The absurdity of the filer’s post is more transparent when you move on to read that I supposedly then asked for “an up front cost from the investor”. The fact of the matter is that this simply does not happen in the industry and to state such is absurd. No broker, loan officer or loan agent charges an up-front fee from the potential investor/lender.
Of course if the posting was true, these allegations would be reported to the DRE or a lawsuit would have been filed. No such notation was made by the filer. Why wouldn’t the filer pursue this course of action you should ask?
The sad fact of the matter is that anyone can post fabricated comments about anyone on these type of sites. Its hard to distinguish fake ones from real complaints, but we should all read these reports carefully and look for clues that are red flags. Competitors and often people who are not even doing business with the person post these reports in order to hurt hard working individuals often times because of ulterior motives.
I hope that you have read my response and see the absurdity of the filer’s statements and side with me on the posting. I am a hard working individual. I have hundreds of satisfied clients. I have been in the lending business for over 15 years and this is how I make a living to support my family of 6. In fact, if you search the internet and public records you will not find one iota of evidence of incompetence. Having been in business for over 15 years and closed hundreds of deals, this should speak mountains about me.
Thank you for taking the time to read my response.