I am a broker, based in Milan Italy. Our clients paid upfront fees to these so called lenders Boca Comm for 3rd party fees of US$ 60.000,00 back in june for a refinance. The LTV is 90%. / We received an LOI that my clients be funded in 60 days. It is now November and we have had no word or contact from John Reynolds or Roy Antoine the CEO of Boca Comm.
Our clients, a construction company based in Iraq, trusted in Boca Comm and depended on this loan to be completed. Consequentaly, they are now faced to put the project on hold.
We keep hearing that this company cannot be trusted as they are front fee collectors. Legal action will be taken. We warn other brokers and borrowers.
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