This report is on two companies working together to scam brokers and borrowers in real estate hard money transactions they cannot close. While referring the loan brokers and buyers to buyers appraisers that are unlicensed and fraudulent. The parties are Mike Flynn which maybe an alias for Nick St. George and Mark R. St. George. Private Money Associates/Mike Flynn indicates that they can deliver great rates and terms for hard money asset based loans. They send over terms and LOI as if they can deliver the loan. The borrower executes and is moving forward with PMA. Then, in turn PMA mandates loan broker to use their appraiser Associates Appraisal Group/Mark St. George. The appraisal is paid for upfront by the borrower. Upon receipt of the appraisal the licenses on the appraisal were expired and or fraudulent. The lender tells you the appraisal is fine but when it is time to fund the loan the lender cannot perform.
Private Money Associates Reviews
This report is on two companies working together to scam brokers and borrowers in real estate hard money transactions they cannot close. While referring the loan brokers and buyers to buyers appraisers that are unlicensed and fraudulent. The parties are Mike Flynn which maybe an alias for Nick St. George and Mark R. St. George. Private Money Associates/Mike Flynn indicates that they can deliver great rates and terms for hard money asset based loans. They send over terms and LOI as if they can deliver the loan. The borrower executes and is moving forward with PMA. Then, in turn PMA mandates loan broker to use their appraiser Associates Appraisal Group/Mark St. George. The appraisal is paid for upfront by the borrower. Upon receipt of the appraisal the licenses on the appraisal were expired and or fraudulent. The lender tells you the appraisal is fine but when it is time to fund the loan the lender cannot perform.