Loan Capital
Taking fees and not completing deals

These two companies Prospexx Integrated Capital and Barrett Capital Exchange take upfront due diligence fees claiming to have access to funds. Then after extended periods of time they find excuses not to fund a project thus pocketing the fees.

They give no detailed reports of what the fees are spent on and basically claim they can not get their investors to fund a project which they have already given a letter of interest for. It seems that they target projects that they can draw out the process and then find an excuse not to fund.

There only expense seems to be Mr Tom Mckenzie who gives vague excuses not factual reports from any instructed professional so we can only assume it is he who benefits from the fees.

I have had a number of clients that experienced this awful process and none have received funding given excuses that were blatantly obvious at the LOI stage,

So the complaint is why do these companies feign interest in projects in areas that their "investors are not happy with" We can only assume for the fees! Do not send them anything

Company: Loan Capital
Country: Canada
Province: Ontario
City: Fort Erie

  <     >