MTTJ of California LLC
Thomas r papa scam and fradulent commercial real estate funding transactions

If you are a independent broker and have a client seeking private funding for your commercial real estate project or potential client stay away from MTJJ of California LLC. The front man is Thomas R Papa he comes across a pompus snake oil salesman. His pitch is he can fund your project in a little as 2 weeks BUT you must pay a UP FRONT DEPOSIT fee in most cases. He says instead of putting the deposit in an escrow account it must go in his personal Bank Of The West account.

If you get that far in the process you will notice when you get close to your funding date you will notice he has done very little due dilligence in regards to reading a purchase agreement, feasability study, appraisal etc. He will come across as incompetent. He has an very shaky Letter Of Intent I mean promissory note that he contructs as a funding agreement.

As it gets closer to the funding date agreed upon he will drag the process on and use stall tactics to push the funding back. Eventually he will just be stringing the client along with false dreams of getting the project funded. At the end of the day YOU PROJECT WILL NOT GET FUNDED!!! You will get a boat load of excuses!!! If you are so lucky you may be able to get your 6 figure deposit back!

Company: MTTJ of California LLC
Country: USA
State: California
City: Sunnyvale
Address: 1250 Oakmead Parkway Suite 210

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