All Topics / Finance / Lender Danger – Warning
Hi All,
I’ve recently run into an issue with a funding company called ‘Development Finance Partners’ when I went to refinance a development site in Brisbane. Was charged up front for a funding service which I was led to believe incorporated their own funds. Ended up being a brokerage service who didn’t perform, kept the service fees over 6K and cost me a lot of money with bridging finance. Now they actually are sending out legal letters requesting further funds of 50K+..Just be very, very careful about what you sign with these guys. Theres some slick talk that all sounds easy and smooth. They are going to catch a few people out until they are audited by ASIC.
My paperwork was full of typos and incorrect company names which i had to adjust myself. I got a weird feeling half way through when nothing had happened and people were disappearing for days.Seems to be run from Sydney – a guy named Baxter Gamble but there are some quick guys here in Brisbane to watch out for.
Beware…
any further information needed, let me know.Sorry to hear about your situation. This sort of thing is fairly common unfortunately.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.