Complaint / review / scam report
Quaker State Comercial Fiance
Len Keating A Broker who holds themselves out to be a Private Banker, Not!

Complaint / review text:
This company holds themselves out to be a private lender with 100 to 150 private investors ready to go if the project looks good. They charge you $15,000 a project. They did this. On one project we could not get the sellers to extend to meet the financing deadline. They then said they would do another project. After doing their boots on the ground report, all they did was send me to another lender who now wanted an additional $25,000.00. Funny thing was, I had already spoke with this group prior to contacting Quaker.

Be very wary. Quaker will take your money. They do a nice report and then submit your package to other lenders. They do not have, as I was told over the phone, 100's of private lenders. They are a broker who will refer you to a more expensive lender. You will most likely NOT get a loan, or if you do, it will cost you a lot more upfront they they let on!

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