Mortgage Grapevine

Has anyone done business with

Commerce Bank Group, LLC in Miami Fl.. I have been to their website and I have been told they are a reliable commercial real estate lender. Any info would be appreciated. Thanks
by financedude June 1, 2012 3:31 PM


how many times do you need to be told they are reliable?
by Power Pig June 1, 2012 3:55 PM


I can't tell you either way, but there are a couple things with them I find curious.

Their tombstones are about as vague as you can get which seems odd since they claim to have 1.3 Trillion under control with offices all over the world (that you can't find).

Some of their key personal have no web presence whatsoever (not even LinkedIn) and I don't see their business name listed in the business directory at their address.

Granted, I only conducted a preliminary search, but I know lenders who are far smaller that are far easier to vet with regards to address and key personal.

Just saying.
by TheMaineEvent June 1, 2012 4:14 PM


PP i never posted about these people before so i have no idea what you are talking about. TME you hit it on the head. Troublesome not to get additional info and hard to reach. Always a concern. Thanks

by financedude June 1, 2012 4:25 PM


Your post says that you have been told they are reliable. I am sure that is what PP was referring to when he asked how many times you have to hear they are reliable. But....anybody with $1.3 trillion under their control would be well known. $1.3 trillion? Yeah, right. That is more than the GDP of Korea, and almost 1/10th the GDP of the U.S. The old saying is if you are going to lie, be outrageous and add a lot of detail. They at least got the outrageous part right.
by adelphos June 1, 2012 5:32 PM


it's 2012 and we have this freedom of travek thing...why not pay them a visit? This broker thing isn't this hard.
by Power Pig June 2, 2012 6:18 AM


you can count on trouble free reliability and sound ethical business practices from firms based in florida..

oh, wait



by Dr. Branker June 2, 2012 1:54 PM


I was also interested to learn the truth about this company. even when I make a request for additional information, such companies disappear from the contact. Because they did not answer. I still can not understand how these companies use your information and for what. If you have news, please write, I do not want to deal with fictional investors and banks
by goodnews July 23, 2012 11:52 AM


This company is a scam. Period. My parents were taken advantage of by these people, or this person (Desperation makes you do things you wouldn't normally do and they were directed to these people by a reputable third party). They are not registered as an LLC in ANY state. My parents did not know what to look for. They had seen no complaints with the BBB or AG's office (but, if a company does not exist, then there will be no reports, of course) Their website says that if for any reason whatsoever the loan does not close, your escrow deposit of 1% of the principal loan amount will be returned in full, within 2 business days. Guess what, they came up with some BS reason not to approve the loan and they didn't return the money. The attorney called and they asked him to send it to them in writing. We sent these by both email and certified mail. The certified letters the attorney sent came back as an unknown address and of course, they won't answer their phones now and never responded to any emails. The escrow company is BS as well. They walked away with $22,000 of my parents money. I suspected it was a scam when on the day of the supposed closing, they asked for something else that was not required by their loan agreement, but it was too late, the money had already been put into the "escrow" account. And then a few days later they sent an email saying that they were declining the loan and that their due diligence far outweighed the $22,000 in escrow and that they would need to pay them another $2,500.00 and said they were having their "legal department" look into the matter because my parents committed "fraud" by overstating the value of the property (they didn't.)STAY AWAY FROM THESE PEOPLE IF YOU WANT TO KEEP YOUR MONEY. Not sure any of the people listed on that website are real. Who told you they were reputable?
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by craigm August 19, 2012 11:31 PM


I had 2 deals working with them and at the start things where going smooth. As soon as they issued a commitment letter they asked for a 1% commitment fee ( refundable ) I told my I wouldnt and to have his attorney contact them to work out the details. one week after he sent the deposit to them the website was down and all phone numbers disconnected. I called the state attorneys office as well as the OFR. If you are in contact please let me know all the numbers I HAVE ARE DISCONNECTED...The FBI will not take the case unless a min amount has been stolen...anyone that this has happend to please contact me at jasonbraun1@msn.com
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by creditsolut October 29, 2012 9:33 AM


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