KSI Capital
Ripoff Paramus New Jersey

Business & Finance

In December my client and I approached KSI Capital about financing a project down in the Dominican Republic. Within a couple of days KSI came back with a letter of intent and required my client to send in $10,000.00.

After we did that KSI then issued a commitment letter subject to final loan to value approval on the subject property. At this time we were required to send an additional $50,000.00 which I fronted for my client. As part of the final closing procedure Henry Haskell the president of KSI requested a site visit for which we paid for.

After he came back they spent a couple of days requesting more and more information which we supplied. Finally they came back with an offer far below what was required to payoff the exisitng loan. They advertise on the their website all international loans must be atleast $3,000, 000.00 in this case they came back with a $1,800, 000.00 loan amount, that they knew would not be possible for my client to accept.

At this point I began the process of getting back some of the money. KSI made myself and my client sign a letter indicating we would not take action against them.By doing this KSI sent us back $40,000.00. They still pocketed $20,000.00 and an all expense paid trip to the Dominican Republic.

The Hard Money world is a tough business, but it is companies like KSI Capital that give this business a bad name. KSI Capital stole our $20,000.00 and the cost of the trip to the Dominican Republic. It is just that simple and these upfront fee collectors should not be allowed to get away with this.

Do not send your money to these people!!! You will be sorry!!!


Company: KSI Capital
Country: USA
State: Nationwide
Address: 17 Arcadian Ave, Ste 106 Paramus New Jersey 07652
Phone: 2017120042
  <     >  

RELATED COMPLAINTS

LNB Commercial Capital
Commercial Lending Scam Maple Shade

Capstar Capital Corp
Capstar Capital kept a good faith deposit of $18,000 from a client of mine. Stating that the entire deposit was forfeited for not submitting financial information on a timely basis. This is a highly u

American Direct Sweepstakes
They got me for 314.00 and tried to get 2100.00 more

Michael Martin Capital Source Lending
Keith Robertson of 12 Stone Consulting Financial Fraud, mortgage fraud, deceptive use of escrow and failure to return refundable commitment fee Internet

Capital One Auto Finance
Approval my Auto refinace loan, send me a billing statement but my other auto financial did not got the paid off from capital one

Kenlin Capital, Transnational Management
Lending Scam

National Bank
JOERG POHLIG Individual poses as bank and asks for loan costs. Was equity bank international, now calls himself National Bank Santa Domingo Santa Domingo

Capital Bancorp International
John McNair Scamm, Washington

Simple Capital Solutions - Mr. David T. Frank Jr
Simple Capital Solutions, 324 S. Diamond Bar Blvd., #180 Diamond Bar, California 91765 Signature Forgery for Collection Agency Submission from his client

First Capital TXR
Norm Hollander took $10,000 from the Saginaw Centre for expenses and never got them a loan