Our company brought a loan to Bromot Capital Consulting. Michalea Barrett contacted me via spam e-mail and I submitted a loan package for a Goldmine project in Utah. They quickly got me in a conference with Tom Mackenzie claiming to be the head guru at Bromot Capital Consulting. Tom who goes by Mac said that he loved the project. They soon issued and engagement letter outlining the terms. The terms were too good to be true for this type of project; $12M loan, 9% - no points and 10 yrs due in 5. They then asked for a due-diligence fee and said to wire it to their account so they can start the process of visiting the subject property etc... After I got the package I searched the internet for complaints on his company. No complaints came up for Bromot because they are new. However a plethora of complaints came up for other companies that he owned and I noticed something odd. All of the press releases for Bromot Capital Consulting were from the same guy, using different / paid services that looked like actual write-ups from finance internet publications.
After feeling a bit queezy I asked Tom if he could provide a few references because we found a mountain of complaints on him and his previous companies; Lauton Funding, Barrett Capital exchange etc. After I asked for references he immediately canceled the loan. No reason at all.
We are one of the lucky ones. We got away unscathed but I wanted to post this because I know that he and his daughter Michalea have hurt a lot of people out there and we want to be sure that he doesn't hurt anyone else. Soon he will have to change his company name because bad reputations catch up to you know matter what name you hide under. I'm sure the next thing they'll do is change their names.
They're giving our industry a bad name.
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