I own an owner of a mall in FL. I purchased it in February of 2018 with a balloon payment loan of $5,500,000
On 10/08/2018 I signed an LOI (Letter of Interest) with Mr. Dan Dihel from Resource Capital group that represented himself as a funder, later to find out that he is a broker and not a lender. He charged me up front fees plus other expenses that were not relevant to what the main lender requested. This is what he has in "Linked
Daniel Diehl
Experienced commercial mortgage lender with over 35-years’ experience in commercial capital lending. Check out our rates and underwriting terms below for both Foreign National Loan and Commercial Real Estate Loan Programs. Rates and Terms from 8.99%, LTV 60% and interest only up to 60-Months!
He charged me $3,500 fee up front and had me to pay an appraiser $5,900 plus another $2,000 for environmental and set up a meeting with the real funder "James Ekbatani" to fund my loan. His main conditions were a 55% LTV and the appraisal which came in at $10.0 M but in the meeting his investor changed the deal, asking me to negotiate a discount from my lender that I could not get and negotiate a reduction of $200,000 commission which Dan was charging $100,000 commission. His lender also told me that the appraisal was not needed and he backed off.
I am out $11,500 and my lender is wanting explanation as Mr. Diehl knew the loan was due on 11/2018 and did not perform.
I need this person off the internet, stop representing himself as a funder and stop charging up front fees
I need him to pay me back all the expenses that I have incurred but as of the date of this report, he says he won't.
Resource Capital Group Reviews
I own an owner of a mall in FL. I purchased it in February of 2018 with a balloon payment loan of $5,500,000
On 10/08/2018 I signed an LOI (Letter of Interest) with Mr. Dan Dihel from Resource Capital group that represented himself as a funder, later to find out that he is a broker and not a lender. He charged me up front fees plus other expenses that were not relevant to what the main lender requested. This is what he has in "Linked
Daniel Diehl
Experienced commercial mortgage lender with over 35-years’ experience in commercial capital lending. Check out our rates and underwriting terms below for both Foreign National Loan and Commercial Real Estate Loan Programs. Rates and Terms from 8.99%, LTV 60% and interest only up to 60-Months!
He charged me $3,500 fee up front and had me to pay an appraiser $5,900 plus another $2,000 for environmental and set up a meeting with the real funder "James Ekbatani" to fund my loan. His main conditions were a 55% LTV and the appraisal which came in at $10.0 M but in the meeting his investor changed the deal, asking me to negotiate a discount from my lender that I could not get and negotiate a reduction of $200,000 commission which Dan was charging $100,000 commission. His lender also told me that the appraisal was not needed and he backed off.
I am out $11,500 and my lender is wanting explanation as Mr. Diehl knew the loan was due on 11/2018 and did not perform.
I need this person off the internet, stop representing himself as a funder and stop charging up front fees
I need him to pay me back all the expenses that I have incurred but as of the date of this report, he says he won't.