Harbor Private Equity Peachtree St, Atlanta, Georgia

Harbor Private Equity Reviews

1.9 stars based on 6 reviews

Featured Comments:

• L

  Linda Whitmore-ash

  1.0

  With Regard to the post from Jonathan Anderson-Ingebrigsten and the response from Chris Polk. This company is a complete scam. Their response is that if a property is going to be of value, it cannot be demolished. On this property in question, there were 13 buildings on the property. Each one of those building were less than 1000 square feet. The main building, which was 15,000 square feet was to remain. Therefore, the value would have hold based upon a previous appraisals for 3.6million in October. The appraisal this company "supposedly" completed has never been presented to us after 4 requests for a copy. In addition, the owner of this company formed a new one right after taking our money, called Commercial Private Equity." The borrower was originally told that the appraisal would cost 6500 and then after paying the 6500, the borrower was told that they were wrong about the cost of the appraisal and it was an additional 6500. Regarding Chris Polk's statement about the 25 year lease. Again, this statement does not hold any type of truth, as the "commitment letter" was for a 12 month bridge loan. Why would the lender even care if they are getting their monthly payment for the duration of the loan off of a lease. This makes absolutely no sense at all and is just more tactics and excuses as to why they took the customers money and didn't perform.

• J

  Jonathan Ingebrigtsen

  1.0

  SCAM SCAM SCAM!! These people will steal your money!! Do not use them!

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  Response from the owner

  Jonathan, Thank you for posting this as it will be beneficial for borrowers moving forward. As asset based lenders, we loan money on real commercial assets. We do not loan money on things that "MIGHT" happen or "PROBABLY" will happen. We loan money on current assets. If you come to us with documentation stating a building is scheduled for demolition, it cannot be valued as an asset. It is going to be demolished and has $-0- value. Additionally, we do not fund loans at 300% Loan to Value. No one we know of does. So we highly suggest that one does not represent an asset is worth $3,500,000 when it is actually only worth $700,000. Things normally do not end well when they begin in this manner. Additionally if one signs a 25 year lease on ones property, that lease is going to dictate the value of your property because as a lender, if we are forced to foreclose, we are bound by the terms of that 25 year lease so remember this before one signs a lease!

• C

  Christopher Daniels

  1.0

  Never do business with this Firm, they are crooks who take your fees and never fund - WARNING

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