Commercial Capital Training Group, LLC South Pearl St, Albany, New York

Commercial Capital Training Group, LLC Reviews

4.9 stars based on 175 reviews

Featured Comments:

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  Tom Ferrante

  5.0

  I found Commercial Capital to be Very Professional. The entire staff from the CEO Chris, to the employees in the office were accomadating and attentive to all of the future Commercial Capital associates. The training was varied, and covered many private capital lenders (they varied in categories that they specialized in ) that have aligned their business with CC. I found the Private Lenders that did presentations made an effort to recognize they were training new people, and stayed at ground level I was frankly impressed. Now my work begins and I am confident the support in CC Corporate office will be equal to the training

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  Response from the owner

  Thanks Tom!

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  Don Argy

  5.0

  I had a fantastic experience with the CCTG Team. They have been nothing but professional all the way through the process of starting my business. I took the class virtually, but felt included as if I were in person throughout the training. I know that with the content I learned at class plus the ongoing support that I have all the right tools to be successful. Thank you CCTG team!

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  Response from the owner

  Thanks Don!

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  brandon rice

  1.0

  April 2022 UPDATE: I feel compelled to update a previous review I left for CCTG a year and 9 months ago. It is the socially responsible thing to do. In the sea of 5-star reviews I want to attempt to inform the reader objectively of the potential hazards of investing in a commercial capital business. If only I had known these things before committing... As I mentioned in the original review I left for CCTG, I attended class in the home-based environment back in 2020. The training content, Kris as teacher, and the overall experience were NOT the primary issues. The biggest problems I have had (and YOU will most likely have) post-graduating CCTG's training are below and listed in order of importance: # 1 THE INDUSTRY: I received my training right in the middle of the 2020 chaos. The biggest hurdle in this industry, in 2022, is merchants are still in a "free or cheap government money" mindset. It is difficult for merchant's to commit to higher interest rates (expensive money) after a couple of years worth of receiving inexpensive money. The end result is it is a borrowers market or so they think. This means borrowers who shop around will have their pick of the lowest of the low rates from competitors (see problem # 2). In reality, it is near impossible to close deals consistently right now and in the foreseeable future I do not see it getting any better for new brokers with smaller budgets and small networks. # 2 TOTAL SATURATION: If the industry is the biggest problem (call it 1A) I'd say the enormous number of commercial capital brokers, brokerages, and companies in the alternative financing space is a close second (1B). There is so much COMPETITION. There are no viable, new ideas that can change the average new brokers situation. You either have a huge budget and/or a huge network, from the START, BEFORE attending the training, or you do not. Trying to build AFTER training and having success is improbable. And you need lots of time. This means you need the resources, income, savings, and/or lifestyle to afford waiting a long time before your new commercial capital business generates an ROI. Ask yourself this question: How many people have all that I have mentioned? Are you someone who has these privileges? If you do, why are you starting a business of this type? CCTG does provide leads for one month to two years depending on your package. But the leads fall into two very general buckets & are not high quality in my experience. Of course, some testimonials will claim otherwise. It is up to you to decide how likely this is to happen for you if you join. # 3 LACK OF NETWORK: If you lack a network coming into this new business you probably will struggle. For example, if you are a very successful insurance broker changing careers you might have a large network already. If you are planning on utilizing popular networking groups it will likely be an uphill battle. These groups are hit or miss, limited to your area and getting more saturated by commercial brokers everyday. # 4 OUTDATED TRAINING & TECH: The overall training is good and Kris is a good teacher. But the lead generation training and websites provided are about 5-10 years outdated. # 5 POST GRAUDATE SUPPORT FROM CCTG: I think this problem is the result of CCTG having so many brokers and trainings there is a log jam. Two knowledgeable contacts are provided to contact with deals. One is usually not available and the other is grumpy. There is a suggested process to submit deals and be advised. But with the slow response from these two momentum breaks and precious "hard to come by" deals are lost. CONCLUSION: My intent isn't to bash the company or hurt any feelings. I want to help reviewers see the reality of their most probable future if they choose to become a commercial capital broker. I give CCTG 1.5-stars not because the training is awful, but due to the 5 factors outlined in detail above. My rating is based on a simple question: "If I knew then (Aug 2020) what I know now (April 2022) would I make the investment?" The answer is no.

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  Response from the owner

  Brandon, As CEO of the company we take feedback very seriously & we always welcome feedback from our students so we can continuously improve our product offering and services. As this is a public forum, I’ll share context so readers can better understand & make an informed decision. We would have much rather outlined the points below personally with you as we deem this to be more effective I don’t think it’s entirely accurate when you say you are “objective” since you were obviously not as successful as you hoped to be. We would not be in business for 12 years if we did not perform optimally with regard to our responsibilities in the relationship. It is often too easy to cast blame on the company/industry when you didn’t achieve a desired result rather than look at what you could have done better through via your efforts, responsibilities & work dedication. 1. Industry: When you came into the industry in 2020, there was plenty of opportunity to take advantage of. Our graduates, combined, did over $1 Billion in PPP loans. As of 2022, the stimulus money has long been gone and I have to whole-heartedly disagree on your assessment that borrowers are still used to cheap govt. money. Borrowers sometimes shop around; that has always been the case, but rate is not the only factor when determining whether an offer is good for the borrowers. 2. Saturation: Compared to other industries such as insurance brokers, real estate brokers, residential mortgage brokers, our industry is very small. With only a few thousand brokers across the country (both non-CCTG & CCTG). To your point that you have to come into this business with a huge network and budget: This is 100% not accurate. 50% of our graduates come into this business with no experience, no big network, & no huge budget as approximately 50% of our grads purchase our Gold package (like you). We go step-by-step in detail on how to build networks, which yes, takes time & persistence. I ask you to go back & listen to our podcast interviews of graduates who were in the same position as you coming into the business. 3. Network: Upon looking at our system and speaking with my team, we uncovered some things which would suggest that you haven’t been performing your end of the bargain. If you say you have been working diligently, networking & implementing what we teach in class, there is a problem. The last communication our email team had from you is Dec 15, 2020. Keep in mind that you kicked off in Nov 2020. From Dec 2020 our team has not received 1 email address from you which tells us one thing — you are not networking at all & not putting any effort into your business. 4. Outdated Training & Tech: I don’t think you’re a good judge of our lead gen since you only received 1 month of leads as part of your Gold package. We generate 7-to-25 leads contractually; you received 5 emails & 14 call leads. My team has built over 1000 websites using best practices/tech which we can prove. I came across an email sent by you to Jenna, our coordinator, stating we did a good job on your website. 5. Post Graduate Support: Over the course of 1.5 years you/your partner corresponded about a dozen times on questions around the business or leads that you had at the time. That is a 12 times over 1.5 years. That outreach should be a 12 times a week/month, which is what our staff experience is with first year graduates applying full-time effort & dedication. Our team responded to your calls/emails/texts in a timely manner. We have 4 full-time support staff to service our grads - you said we only have 2. You never once brought these issues in this post to our support staff. I wish that you could have reached out to us so we could help you get on a better track. We’re still here to help you do that. You attended virtually, I encourage you to come back in person as a refresher. This response is not meant to be adversarial, but rather explains our view and what we think could have helped you be successful.

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