Reviews: 1


Total views: 3991

Published: 13 June 2018

Posted by: Anonymously

I cannot say that Financial Funding LLC aka CRE-Finance LLC (“”FFLLC””) aka AmeriFinancial cheated me. Then again I never gave them a chance to. I have been a Connecticut Based Real Estate Developer for 35 years. I was seeking funding for a larger commercial development and contacted my own Mortgage Broker who I believe to be reputable (“”Reputable Broker””). My Reputable Broker was contacted by FFLLC thru LinkedIn and FFLLC represented themselves to be Wall Street based direct lenders aka conduit lenders aka correspondent lenders looking for larger commerical deals in the Northeast. Reputable Broker presented FFLLC my project and FFLLC prepared a term sheet offering financing. Reputable Broker presented FFLLC my 2nd project and FFLLC prepared a term sheet offering financing for the 2nd project. Reputable Broker presented the term sheets to me. Neither Reputable Broker or I had started the customary back checking process. The deal was almost too good to be true. But then again, I have seen better and worse deals in my 35 years and I had no reason to believe the offer was outside market parameters. I had an online conference with Richard Tretsky and all seemed well enough. I had a second online meeting with Richard Tretsky and for some reason I felt uneasy. Mind you, we had not started to do the usual extensive background checks. Tretsky was asking for a $20,000 non-refundable underwriting fee. So I started checking. I did not like what I saw: There were five Ripoff Reports concerning this firm. The so called “”Wall Street Office”” at 30 Broad Street, 14th Floor, New York, NY 10004 appears to be a Virtual Office supplying a address, a Mailbox, and pay as you go services (for as little as $75 per month). The address listed for AmeriFinancial is The Trump Building, 40 Wall Street, New York, NY 10005. I have not seen the AmeriFinancial offices, but I wonder if it too is a Virtual Office offered for $69/month in the building. The New Jersey office seems real enough, but I never visited. I checked out their websites and and The so called references listed on the sites simply did not check out. For example, I could not find a Don MacNeil of Valley Stream NY or any of the other names listed on the website using google or any database. I had never heard of (and googled some) of the designations claimed by Richard Treksky. The numerous press reports about the firms seem to originate from the numerous press releases issued by the firm. They announced Financial Funding LLC acquired AmeriFinancial in a big press release. However, I could not find anything printed about AmeriFinancial prior to the announcement. So I could not say Treksky et al were not legit, but we certainly had a cloud of doubt. So we asked in writing for Richard Treksky to produce references from his banks, references from people who have successfully borrowed from him in the past and a list of recent loans (tombstones) place in the past year. We had no reply.

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