| Rapid Capital |
| Rapid Capital Richard Day Richard H Day Rapid Capital steals your upfront fees allways, do not use them for financial instruments. Sumter , South Caro |
| 15th of Jul, 2011 by User875308 |
Richard Day AKA Richard Henry Day AKA Richard L day from Sumter South Carolina is a thief.
He is a broker who offers through his financial broker company Rapid Capital LLC, financial instruments for real estate and international trades. Do not use Richard Day or Rapid Capital ever, he asks for upfront fees in the range of $10,000 or more dependent of what your financial needs are. Once he receives the upfront fee he then flips the offering to a position where you are forced to withdraw from it because the deal you wanted is no longer on the table. He never performs the deal you asked for and comes up with whole bunch of excuses that he tried to do everything to accommodate you even though the initial deal he offered does not exits. He then keeps you upfront fees with lame excuse and the blames you for cancelling the deal. He is a classic dead beat thief, who prays on the good faith. I personally know he has screwed many customer of thousands of dollars after it happen to me and I did some research. Stay away from this man and his company, not to be trusted in any fashion not matter who recommended him to you. I you have been scammed by this man like have and want to perform a class action lawsuit please contact me, I have others I have contacted and all are willing to put this man in jail. He uses the classic illegal Switch and Bait scheme to get you, stay from Rapid Capital LLC. |
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Richard Day here: That malicious post about Rapid Capital, LLC is COMPLETELY UNTRUE! As a matter of fact, the malicious individual even made names up. "Richard L day"...who is that?! If Rapid Capital LLC and/or its principal was a "thief" then they would have never had loans closed! Guess what...A number of loans have been closed thanks to my legitimate efforts and legitimate lenders! Rapid Capital, LLC is a 100% legitimate, well connected loan origination company connected to 100% legitimate, well connected lending sources both domestic and international. The only jerk that I can think of whom may have posted that malicious and libelous spew about Rapid Capital, LLC is a weasel by the name of Tony Lopez of PMWM.
He is a former applicant whom would get on conference calls with me, his partner and my banking rep and rudely try to demand his own way and terms despite professional protocol.
Rapid Capital, LLC can never be guilty of "switch and bait" or bait and switch because, as is ethical, we never guarantee a loan. Our commitments are conditional and based upon client cooperation and program availability. We make it quite clear that all decisions to fund are subject to lender underwriting and acceptance of the deal presented. Tony's partner understood that program rates fluctuate with the market. We did not LOCK in the presented interest rate. When it fluctuated and the client could not afford our target provider, I had my bank rep send us a list of nearly a dozen different provider banks for the client to choose from. The client narrowed it down to two banks that they liked. After affordable terms were negotiated, the client 'changed their mind' and chose to withdraw their request siting that the decided that they did not want to use the bank after all.
The client canceled their request. The initial bank and rate were not guaranteed, but what was guaranteed was that there would be no refund of deposit if the client canceled their request. (The client signed to and accepted that fact.) Their deposit was not 'stolen' or taken. It was rendered nonrefundable when the client decided to cancel their request even after nearly a dozen different bank options were presented and at least two different affordable offers were made from verifiable, legitimate provider banks! Bottom line: Anyone who types malicious falsehoods against Rapid Capital, LLC can be proven to be nothing more than a dishonorable liar trying to avoid adhering to the contract they signed with us. (Let it be known that the individual whom typed the trash on this webpage also tried to get their referring broker to pay the annual fee that they signed to months before this posting.)
All of Rapid Capital, LLC’s business comes by way of referral for good reason. We successfully service many, many loan clients a year and the reason this offender stands out is because he is a rude, dishonorable, brash and offensive individual whom threatened to type this kind of nonsense online in attempt to defame when he did not get his way despite our Agreement. He will be the one answering to litigation for this libelous offense. Will Mr. Tony Lopez of PMWM please reveal himself as the culprit behind the malicious and untrue post so we can properly identify him for our legal retaliation? |
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This company is very much a scam.
The specific line that REALLY would concern me in their contract would be.. or does not communicate with us for 5 days. That is very vague, and intentionally so. Here is what I mean. It does not state if you do not REPLY within 5 days, it states if you do not communicate. From what I see here, these guys are basically stating, they guarantee nothing, in fact what they state is that if the application does not meet satisfactory underwriting guidelines, the entire $4500 is refundable… unless … and then launches into a string of instances. Any one of which can cause them to keep the fee. In my OPINION, they are a fee collection outfit. Any fee upfront is not right.
When i talked to him AFTER the fees and over a month had gone by with nothing his response to me was as follows
"As stated in the LOI. 'We are pursuing the loan on your behalf.' We will have a match for your funding need eventually and then it will be available to us for subsequent transactions. (Against the po face value rather than the profit margin.)"
Then he uses the excuse that one paper was not filled out completly and it was but we did not date it so he then used that as an excuse to get out of refunding the fees.
IT all came down to the fact that this man took money and really had no intention of finding us the loan. Any company who charges 4500 up front should all know its a scam.
His email went on to say
Your information has evidently not been submitted to a lender you will accept yet.
You have failed to comply with the LOI you signed on two counts. I bring investors who have the money to finance transactions...if you can not afford to participate it does not mean I have failed at all. The LOI states that I will pursue a loan on your behalf under the terms listed; not connect you to an investor who will do the deal for free or at 100%LTV.
They are PO investors...that is what you need. The fact that you do not have the funds to participate in their financing options was not discovered until after the conference calls.
See this is where he gets you. He never said anything about programs or more money. This money was supposed to cover all underwriting expenses and more but its funny that none of that was mentioned earlier on. In fact it was not till i said he was not doing his job that he came back with this.
I have since found out he used an address that linked back to a UPS store in South Carolina. That says it all right there.
If you look up on Ripoffreports you will see that the REAL rapid capital does not charge up front fees and that this guy is just using their good reputation to grab people in |
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llovemymac...aka Jason...You are a libelous idiot. You know full well that we had complete "intention" to get your POs financed at 80%...not 100%. You signed the LOI acknowledging that fact in the beginning and even told me that you had the money to make up the difference.
I got you in communication with TWO different PO financers and what we discovered was that YOU lied about your company's financial capability and used our services to fish for 100%LTV PO financing.
As for the our policies and disclosures on our term sheets...if you did not want to honor them, you should have not signed to them. Also...The mailing address I use is irrelevant! You are full of BS and continue to dig a hole of libelous nonsense for yourself!
All of your frivolous allegations are mounting to squash you. |
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