Private Lender - Tap Commercial - ‘Taps Out’ Another Borrower By Taking Upfront Fees

[Corey Dutton]

Another fee collector out of Nevada is getting called out! Tap Commercial is a private lender that says they lend everywhere on everything. Ha. That is usually a clear sign that they are a scam.

I know Tap Commercial does actually fund deals, from time to time. But for the most part, they issue an Letter of Intent and then collect approximately $3K as an upfront fee. Then they usually won’t call back again or even tell you that you’ve been declined. They just disappear!

I know a broker who Tap Commercial has taken upfront fees from his clients on 3 deals and never performed. Not only do they not perform, no one will EVER return your phone call or email again. I had a friend that gave these guys an upfront fee for a loan he needed funded. He asked me to try and contact them as a friend for them, as they refused to return any of my client’s communication. I actually sent out 14 emails and left 8 voice mail messages. Never one reply or response back. They just took my friend’s money and ran.

The craziest part is my friend has NEVER heard a word from Tap Commercial since then. They never even bothered to email him and tell him he was declined for the loan!! The nerve….!!!

For anyone looking for a private money loan, stay away from Tap Commercial. They’ll ‘tap out’ you or your clients out!! Ha.