- Report: #1524494
Complaint Review: Citywide Lendingn Group-Rob Peeler and Stuart Anderson - Long Beach CA
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Author Not Confirmed
Why?
Citywide Lendingn Group-Rob Peeler and Stuart Anderson
444 Ocean Blvd S-800 Long Beach, 90802 CA, United States
Phone:
562-983-7080
Web:
www.citywidelgi.com
Categories:
Business Rating:
(1)
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Citywide Lendingn Group-Rob Peeler and Stuart Anderson They took $50,000+ in refundable fees to provice project financing and never returned the fees when the funding did not occur Long Beach CA
Citywide Lending Group (Rob Peeler and Stuart Anderson) were introduced to us by Northstar (Tom Ellis and Yasuo Oda) to provide project financing for a development in Tomball, Tx north of Houston, Tx.
We paid in excess of $50,000 in required advance fees that were to be escrowed and were to be refundable if the loan did not fund. After years of promises, no loan was ever made and after many requests, our fees were never returned.
Bottom line, these guys took many thousands of dollars from us and othere people promising finiancing, some of which I have connected with and discussed our various situations. To my knowledge, none of these individual groups has ever recieved any financing nor has any of their fees been returned.
These people lived well off of our so called refundable fees. They were never escrowed as the agreements said but instead the money was spent by Ctitywide and North Star and was not refunded as agreed.
It is my understanding that the statute of limitation laws have been revised extending the time that one can be prosecuted for this type of fraud. We will now be joining any of the other groups that are interested to determine what civil and/or criminal actions can be taken to recover our funds. We welcome others that have had a similar experinece to contact us to discuss joing us in the process.
