We have a hotel and a hard equity mtg holder with predatory lending practices.
Within 14 months, after a settlement of the first foreclosure, 6 weeks later the lender filed a second one.
Raising the funds for the mtg provided in the amount provided of 4,000,000 from private individuals in California without holding a lender or any other required Florida State or US - SEC license for offering COMMERICAL MORTGAGE BACKED SECURITIES to private investors, the lender has invested 0
Accumulation of several hotels by the lender via raising financing by offering commercial backed securities without being licensed or registered to do so, is a clear violation of local and Federal laws.
If you have knowledge and be able to file not only complaints with the Florida State and the SEC and defend the
default letter we have received just 6 weeks after the settlement we made, please contact me.
It must be noted that our mtg payment was always, since entering into the first loan agreement on time