Tony Bellenger sounds great on a conference call. He is articulate and professional while promising to deliver financing and great terms. Our problem with Tony is that after he led us to believe he had the financial capacity and willingness to fund a purchase of non-performing notes. But he left us hanging high and dry when it came time to close the deal.
We had a deal with a very large institutional seller to purchase $10,800, 000 in non-performing notes for pennies on the dollar ($600,000). Tony agreed it would be a great opportunity and promised funding in return for a stake in the deal. After we went to contract with the seller, Tony failed to answer the phone email or text! He failed to deliver any agreement in writing and certainly no funding!
My advice is find another lender! We put together all the money we needed on this deal and closed on time (in a matter of days). We'll make out with fantastic returns, but the biggest loser is Tony Bellenger!
Tony Bellenger = LIAR.
0 comments