DO YOU NEED MONEY TO FUND YOUR BUSINESS OR PROJECT? ARE YOU SERIOUS ABOUT MONEY FOR YOUR BUSINESS OR PROJECT? ARE YOU THE PRINCIPAL/OWNER OF YOUR BUSINESS OR PROJECT? BILLIONAIRES (NOT TRADITIONAL BANKS) ARE LOOKING TO FUND PROJECTS WORLDWIDE THAT MAKES…BUSINESS SENSE….COMMON SENSE AND DOLLARS SENSE! NO UPFRONT FEES! NO CREDIT CHECK! COMMERCIAL…RESIDENTIAL…OIL WELLS…GOLDMINES…CONSTRUCTIONS…MARINAS…CHURCHES...HOTELS…MOTELS…FIX & FLIPS… WIND…SOLAR AND MUCH MORE!! IF YOU ARE INTERESTED, PM ME AND LEAVE YOUR NAME AND PHONE NUMBER FOR MORE INFORMATION ALSO, IF YOU ARE JUST INTERESTED IN MAKING SOME ADDITIONAL MONEY...NO EXPERIENCE NEEDED... PM ME NOW AND TYPE.." I'M IN" I am ~Iona Irving~ sending you..LOVE...LIGHT...PEACE AND BLESSINGS IN ABUNDANCE!!
After this initiation, you say "Yes I am In" and then refer you to this site:
Check the facts folks 9/6/2013This company can't have a five star rating. They requested $10,000.00 from us as an "upfront fee", but steadfastly refused to provide any refrences of past clients, written protocol or specific use of funds. In addition they stated, "there are probably a hundred reasons why these deals don't close". It's more than likely the same hundred reasons you'll hear once they spend your money and DENY your funding. DO YOUR HOMEWORK on this company. Good luck. more
Trust me there is such things as fraudulent business transaction and breech of contract after notable changes were in awareness and brought to attention.
Now I am asking for a reasonable compromise, and that cashier's check was immediately cashed as soon as you got it, accordingly to my bank. So, I know you don t have that money, but there are holes in this contract as you will soon find out.
And if I am not the only suckered who fell for your scam, than you should have money in your bank account from primeau funding. Since I mean your business makes over 600k a year.
This shouldn't matter to you, it was my money and nothing has happened in my favor, but jumping through many firey hoops; and playing house with a business loan and pretending we are getting closer and closer to obtaining a loan, which I was told with my information and business finances,That it would be easy. I have everything recorded.
I would really advise you make an exception and write me a check back for 6500 dollars and send me back this with a cashier's check to my address on file. By April 1st, you can overnight it.
If you refuse the very best, the best is often all you will get.
I was under the impression that getting a loan with my stature in business, that i would be eligible for 250k. And this would be simple after the evaluation process. For the loan type we were originally applying for, II was told my credit score wouldn't matter. Now, after all this i am not really needing a loan. I just want a refund, we didn't pursue the 250k, from the contract agreement for the lender. things have changed. I don't have time anymore to continue your services, though I appreciate your gesture. I don't have any more time to spare.
Please do via mail back to my address.
I am no longer interested in obtaining a loan.
We didn't get a loan. So I was in no way ever eligible as a candidate for a loan. I contacted On deck and no record of my name or business has ever been initiated. Regardless you are correct my last three bank statements are not enough to even take 10k out. So this is where I stand, I can't even take 10k out and I already paid you 7500$ .
How does this not make sense to you that I am taking a huge loss, by your services, I could keep doing this for another 6 months and still have no luck at all.
This shouldn't be difficult to understand.
boundless - I've written numerous times about up-front fees - especially from brokers. Ask for an address or some type of reference. if they balk, then walk. Escrow attorney they've used more than once to vouch? Based on their website it looks obvious they're a broker entity getting paid for not arranging finance. Come on.
by Honest Broker November 23, 2010 8:50 AM
Yep. I told this rude lady to take a walk. Everyone is stupid but her, according to her condescending attitude. I just wanted to see what others had to say. She's collecting $5,000-$7,500 for an LOI after she gets a Executive Summary. Yeah right. Like an executive summary qualifies one for a loan.
People who can't close comm loans scam for fees.
yep she has no sources. Can't even give me ball aprk rates.
by boundlessloans November 23, 2010 7:27 PM
Your reviews are right on folks. We personally spoke with Debbie McNutt and recieved the same treatment as 'Honest Broker' above. She will not provide any written protocol for us to review; will not provide refrences and then has the temerity to explain, "we need to be compensated for the time and hard cost we spend on each transaction" but refuses to provide ANY documented proof of her "time" and "hard" costs! Sound like a scam to you? We have WRITTEN, documented proof of this conversation. Primeau is a brokerage firm at best, and does not personally finance ANY deals from what we can find. In addition, we offered to place the capital in a third party escrow account to be drawn upon 'appropriate documentation showing use of funds', to which her reply was "I think it would be best if you sought funding for your project elsewhere". In regards to this company, unless you have $10,000.00 burning a hole in your wallet, it's probably best for EVERYONE to seek funding elsewhere.
by Oil and Gas Company September 6, 2013 5:42 PM
by MoeMonney February 1, 2012 10:33 AM
Loan scenario: NH, $13,000,000, 700, 65% LTV, Construction, full, NOO
Property type: COM
Loan purpose: Construction
Trying to find info on Primeau Funding they will not provide any references and that is a huge red flag for me and my client, has anyone have a verifiable loan closed with them? They are asking for $7500.00 upfront with no commitment letter only a LOI.....
by Toughloansolutions April 24, 2013 8:19 AM
by manicmortgage June 4, 2008 12:00 AM
Here´s the website for the Az Dept of Financial Institutions:
Primo isn´t listed as either a banker or broker.
by magician June 4, 2008 12:00 AM
Primeau Funding deals mainly in the private sector, therefore not regulated by state banking.
by debbie11 August 5, 2008 12:00 AM
Debbie McNutt: Primeau Funding
With over 17-years’ experience in the private sector, I have worked with numerous clients along with secured capital for their projects to include land development, energy and wind.
Legacy Commercial Capital
Founder/CEO at Legacy Commercial Capital
- Miami/Fort Lauderdale Area
- Venture Capital & Private Equity
Terence “Coach” Smith is the Founder and CEO of Legacy Commercial Capital which was launched in January 2015 He sat as CEO of Kingdom Builders Financial Group from 2005-2014. He has over 20 years of experience in the real estate lending industry as well as helping other business owners and real estate professionals with personal coaching, leadership training, and personal development. He is a family man, business man, and motivational speaker. Coach Smith not only has a passion for building business, but also for building people. The vision that God gave Coach Smith for business has changed people’s lives all across the nation and is doing the same for his new found company Legacy Commercial Capital. Not only is Coach Smith committed to the well-being of the company, but he is committed to the well-being of the people, making Legacy Commercial Capital not just a company, but a company that will leave a legacy.
We only work with the most reputable private investors and investment groups in the country who offer very creative short-term and long-term financing secured by commercial real estate and non-recourse stock loans. With our experience and knowledge, we have the capacity to orchestrate and facilitate creative solutions for even the most difficult transaction. Minimum $250K up to $500M. We take pride in being recognized as one of the fastest in the industry.
THIS INFORMATION REFERENCE WAS FOUND HERE:
Just touching base and I wanted to mention something that could help you and Primeau Funding, if interested.
I noticed you have been in business successful for many years now and reviews are very important to building customer report.
I have a company who is interested in hiring me in Review management department online. They are called Trust Pilot.
You can actually see my 12 reviews here on this link:
We are growing still and actually have over 600 live testimonials compiled on our website.
What is neat about Trust Pilot though, is real customers are regulated through their actual on sales activity receipt. Meaning there must be evidence to a sale for individuals to post about you or your business.
I have dealt directly with people and companies who are real deal scam artist, frauds, and liars. Unfortunately , I have had to report these businesses to Better Business Bureau and other hoax exposing sites. This is of course to protect other potential customers from being ripped off or conned into purchasing products or services that don't exist.
With all this said, if you feel you and your amazing development could benefit from a tool such as this , to not only have secure customers, but also protect your outstanding ethical business reputation.
I noticed when searching your name and business there were some naysayers who ran into problems, where they paid for Primeau funding and claim your services were never provided from the contract. Lost money.
See, with TrustPilot.com you would have prevented from frauds making statements that deflamate your business or character. I think this tool could greatly benefit you. Some people go out on a limb to bash other people when competition is involved.
I know you didn't purchase our TheMoringaQueen.com, produce but I wanted ask you if you could please evaluate the Care and Essential miracle package that I sent you with our top products. If you could please give us a 10 star review it would be greatly appreciated. If you feel I don't deserve that please let me know how I could perfect your experience.
The review link is here:
I promise you that for your hard work and effort, Debbie,I will make sure that my huge developed network discovers and knows all about Debbie McNutt and her incredible Primeau Funding. I will write you the best review and place it everywhere on the web for people to see and admire, because you are the real deal and you helped me and my business expand. With no excuses or false promises, that Debbie McNutt really is professionally trained and will follow through with every amazing offer that Primeau Funding provides.
This company and Debbie will give you consultation and walk you through exactly what documentation and executive summaries that you will need in order to be eligible for prequalified cation stages of your private or traditional conventional loans. She will get you long term fixed interest rates that are affordable to pay back for whatever project you are needing it for. She will find the right lender just for you and if she ask for any type of money for underwriting or services, just be rest assured that she really will follow up with her end of the deal to represent you and your company's best interest and present your loan profile, sources and uses, and executive summary the best she knows how. Her excellence and tenacity to give you spot on information from her 17 plus years of knowledge and experience in business is tremendous and we want the world to know of her efforts and abilities to carry out helping other businesses grow. If there be a better woman in this industry it would surely have to be her twin, and I want everyone in the online world to know and trust Mrs. Debbie McNutt from Scottsdale, Arizona.
Know that anyone deflamating this business are certainly tied into competition directly with another brokerage. It has been just about three months now and I am feeling hopeful that I am a perfect candidate for this 250k loan that I am applying for, because I do meet up with all the credentials that lenders and brokers are looking for.
So, I should be letting everyone in my network know the progress of this exciting venture. I hold Mrs. McNutt to a very high level of degree in excellence, everything is looking swell today.
Millions will know that she is the best there is, was, and ever will be!
Eric Geoffrey Von Leonard Plott
Plant based nutritionist Cornell University
Please consider. Court is looking good and business loan is looking favorable or promising too. What lenders are possibly going to be working with us, will I get that sort of information enclosed ? If one of the lenders declines can you still represent me to another? From our conversations it does look like we should be getting it. I have told many people how smart and hardworking you are. Thinking about putting a huge online video production about your operation and getting it to go viral to help you bring in more business. Out of love and true care and concern.
"Do the right thing and the rest will follow "
Sent from TheKazweh.com
UP TO DATE NEW REVIEW:
To begin. We have just completed almost 7 years of 2 multi-million dollar court cases against some incredibly rich and incredibly powerful people. We won the original court case(s) by unanimous jury decision. We have also won all appeals and currently hold a mandate in our hand (which means the case is dead and they cannot appeal any more). I will also state that we won against two sets of attorneys that have defended their clients in the Supreme Court. So, if you wish to threaten us with 'legal action' for stating the truth here, or perhaps to try a defamation suit (which we also won), we are not afraid, and our teams of attorneys are standing by to hold you accountable.
Bottom Line: I would avoid dealing with these people. I would be especially wary of giving them any money.
We recorded this phone call. We keep detailed records. I do not work in the lending industry, neither does anyone that works for me. We are not in competition with Primeau Funding and we have never heard of them before today (probably because they did not want people researching them before the meeting). We are not in competition with Legacy Commercial Capital and we heard about them just a few days ago, when we started speaking with their ‘consultant’ Jeff Thornton of T-Time Investments. I am not being paid and/or compensated for this review.
The following is a break-down (more or less in chronological order) of how our ‘funding conference call’ went with Debbie McNutt of Primeau Funding as well as Terrence ‘Coach’ Smith of Legacy Commercial Capital. I have relayed the basic parts of the conversation, but the best/most accurate record is the telephone recording (which was used extensively to create the information below). Please draw your own conclusions from the provided information.
I. How the ‘funding call’ went down (conversation was recorded with notes):
1. I was about 2 minutes early to the conference call and the music was pretty bad while I was waiting. Not ‘elevator music’ but a loud, sometimes disharmonic, fast guitar.
2. Terrence ‘Coach’ Smith, CEO of Legacy Capital, got on the line on time and asked me to introduce myself. He seemed pleasant/professional enough, however, it was incredibly difficult to answer his questions... Why, might you ask? Well, for one thing, when he stopped speaking, the line would ‘click/pause’ (similar to if someone hung up on you), and then that blasting, raking music would start playing. After trying to get through about a minute or so of questions, I finally asked if he had some sort of setting he could change so that music wasn’t blasting at me. He chuckled a bit and said, ‘sure’ and made the music stop. It was a bit difficult to understand his mode of speaking as well. In addition, throughout the entire call, the line would click and beep a number of times, as well as pause/go mute. This implies to me that a number of people were calling in and/or monitoring the conference call without introducing themselves. Very difficult to communicate this way.
3. Debbie jumped on the line, and started talking. Fast and to the point. Basically her first question was she wanted us to state how much money we had already invested. She then proceeded to cut me off before I finished (we had a 9-item list previously provided to them with patents, trademarks, hours worked, as well as tax-supported records, etc.) I started with my work hours as a paid consultant; as stated, she cut me off and said that was unacceptable (she actually laughed at me). When she was done with her ‘explanation’ of why that particular line item was not acceptable, I swallowed my pride, didn’t even argue with her and tried to move on to the next line item. She didn’t want to hear it. I had to actually ask her if I might finish answering her original question. She said OK and I outlined my partners’ involvement to the tune of $217k... of which she merely didn’t care.
4. She then jumped into her next issue and stated that we had to come up with 10% ‘capital injection’ and asked if we were willing to do that.
A. I said that my group had not discussed that, but we could discuss it.
B. She then tried to dismiss me from the call.
5. She then wanted the Net Worth and Liquidity of every member of our Company. I started to say that if all she needed was a verbal, that I could provide that much money if needed, even without my partners. She then stated that she was leaving to take another call! Not kidding.
6. Jeff (the guy that brought Legacy Commercial Capital to us) jumped in and said, when do you want to talk again and she hung up/left the line at 9min and 30 sec into the talk (meaning ‘her’ talking at us).
7. Debbie then RE-JOINED THE CALL approximately 54 seconds later... (not kidding) A call that she had just terminated and said something like ‘Oh, I... um... I guess you are still talking with Terrence?’
8. I then asked Debbie, if we produce this money for you/your group, what do we get in return?
A. She said not a cookie cutter approach. She said what her equity group would look at is Capital Injection, 5 year pro-forma, very aggressive (bleep: Meaning their phone line made beeps/pauses and I don’t know what she said) cash flow, exit strategy, typically bought out by year 5, (bleep, again), an array of everything, so she can’t underwrite it over the phone.
B. She then returned to ‘we just need a verbal statement of net worth then we will look at NOI and EBIT for years 1-5.’ ’ Which again, I had already told her that I, alone, without my partners could come up with that money).
C. She then told me that I was being very adversarial and basically would not want to work with me. I chuckled and said I was going to say the same thing about you; you literally just left in the middle of my answer to your questions to go on another phone call. I said I am a former military commander and a business owner of 16 years ... and she chopped me off again. She then proceeded to speak non-stop until the 15 minute point... WHEN SHE HUNG UP, AGAIN!
D. I remained on the line, trying to piece together a plan with my ‘consultant Jeff’. He was happy I was able to speak with her again, but was ‘upset’ at her rude behavior. I admitted that it already seemed as if Debbie had decided she didn’t want to work with us.
E. At 16minutes, a series of beeps meant that someone had either left or joined the call, but did not speak to us. My guess is that Terrence left the line or someone new joined and listened in without saying anything.
F. At 18 minutes, another beep of a caller joining or leaving: “This is Debbie McNutt with Primeau Funding”... DEBBIE RETURNED TO THE CALL, AGAIN!!!. She then said, “Terrence, we have another call scheduled here.” We do have other calls besides yours (meaning my group, not Terrence/Legacy Capital).
G. Despite the fact that I thought this was Legacy Capital’s conference line, and that I was supposedly in a conference call with the CEO of Legacy Capital (Terrence Smith), I started to protest, realized it was pointless and that something else was clearly going on... I just sucked it up and said, OK. Goodbye.
H. My consultant-Jeff- called me back immediately and wanted to know if I could provide her the net worth statements and tried to explain that she really didn’t mean we needed to give them $1Million dollars up front. He also mentioned that Terrence was basically Debbie’s ‘Boss’... which is also really strange.
I. Now that I knew who some of the players in this ‘show’ were, I immediately started looking up Primeau Funding on the internet... surprise, surprise. Whether legitimate or not, they seem to have taken advantage of a number of people.
9. What a real funding group or entity might do: Spend 5 minutes actually reviewing the 4 pages of information that they made you send them (them requiring us to use their forms/documents, instead of their own is not that abnormal... however, normally they would want to see the rest of our information/documents, if they were interested). If the proposal on the table is getting $10Million, a legitimate funding group would do their research, before speaking with you –
A. Debbie McNutt came to our meeting unprepared. She knew nothing about me or my partners, and seemed to not even care what our project was (very odd for venture/angel capital). Had she done even a cursory Google Search on the CEO or our Chief Science Officer, she would have seen dozens of legitimate sources about us, to include Wikipedia, Linked-In, Numerous Universities, Military Records, Local/State/Federal/International Government Records, White Papers, Court Case/Litigation Records, Business Records, even Trademarks and Patents, etc.
10. Debbie McNutt was rude and had her own agenda to push... neither of which is a no-go for business (not how I do business when trying to form a business relationship... but I digress), however, if She actually listened to ANY of the answers provided, she would have quickly realized that we already passed her ‘capital injection’ test and her ‘required 10%’ test for our net worth (as an individual or a group). She didn’t listen, she spoke over me and interrupted me numerous times, and was very unpleasant to speak with in general. To me, this means that something unspoken was playing out and she just didn’t want to deal with us, despite already being given the information she said she needed to ‘get to the next step’.
11. This is a well-played ploy. In psychological terms, if you continue to tell someone they aren’t good enough or you don’t want them, that person will subconsciously try to prove that they are good enough and that you do want them. Prior to this call, we had already stated we would not pay upfront fees, to the tune of thousands of dollars. When the consultant-Jeff, pushed back and said we need to pay for fees like background checks and stuff. I said, that won’t be a problem. We can pay for each line item, however, part of my company deals with background checks and they cost about $18-$30 (sometimes less if you get a bulk rate deal with a good company). Also, credit checks are similar. I also know that if they wanted to check on the status of our businesses, they could pay for a ‘business in good standing’ certificate from each particular state of organization/incorporation... and that would only be a few hundred dollars maximum... how do I know? I have paid for them before. Thus, she didn’t care about our project, because all she seems to want is those ‘up-front’ thousands, and it seems, they have a second plan for people that can produce large amounts of cash. I am sure that plan will not be good for anybody, except them. Undoubtedly they will use that plan to line their pockets even more. I recommend avoiding these people and protecting yourself before the next time you try to get funding, by having a checklist of your own, for what you are and are not willing to do for them.
II. Checklist for Investor Conversations/Meetings
1. Ask for the name and company name of the people looking to invest in you, BEFORE, accepting a meeting.
2. Up Front Fees: Do not pay them. It is typically not a good idea and you should say no right away
A. To Proceed forward anyways/work through a compromise:
i. Ask for a physical address for their company
ii. Ask for some type of reference. (Perhaps who they have dealt with in the past. A customer or a financing institution that has actually succeeded with a deal)
iii. Ask for an Escrow attorney, that they have used more than once, to vouch for them?
iv. Provide documentation for all of their ‘hard costs’ to determine legitimacy.
v. Provide documentation for all ‘time spent’ working to try and get us funding, like an attorney or consultant would keep track of their hours (I do it...)
vi. Offer to place the capital and/or ‘up-front money’ in a third party escrow account, which can be used to draw funds, when appropriate documentation is provided and/or proven, as opposed to just giving them control of all the money.
vii. If they balk, then walk.
viii. Try to check out a number of ‘scam reporting websites’... don’t just trust the first page or two of Google Searches.
ix. Forbes link to a Venture Capital (VC)/Investor Checklist: https://www.forbes.com/sites/davidteten/2015/02/11/dont-pitch-a-venture-capitalist-without-this-checklist/#6fc322ae5d53
x. Entrepreneur .com article on how to prepare for a VC meeting https://www.entrepreneur.com/article/81964
3. Good luck and Stay Positive (...but be as prepared as practical!)
Reason of review: Unprofessional, Exploitative-Seeming behavior.
Preferred solution: Re-Evaluate your life choices.