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Find a Location

Premier Capital Lending has 1 locations, listed below.

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    Business ProfileforPremier Capital Lending

    Credit Services

    At-a-glance

    Customer Reviews

    This business has 0 reviews

    Customer Complaints

    1 complaints closed in last 3 years

    0 complaints closed in last 12 months

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Related Categories

    Business Details

    Location of This Business
    206 G St # 2, Petaluma, CA 94952-7713
    BBB File Opened:
    6/25/2012
    Number of Employees:
    1
    Additional Contact Information

    Phone Numbers

    Customer Complaints

    1 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    05/19/2022

    Complaint Type:
    Product Issues
    Status:
    Resolved
    On April 11, 2022 I reached out to Premier Capital Lending, LLC in regards to funding a real estate project. ********************* responded acknowledging that they were interested. On april 13, I applied for a loan with them. On the same day my loan application was approved disclosing standard fees of $25 wire fee, $1050 legal fee and $2500 commitment fee. On April 14, once further documents were provided, I was then instructed to make the payment of the commitment fee. I asked how quickly could I expect the project funding after commitment fee was received by them, response was "Once payment is confirmed, we can close within 3 business days." I was never communicated more fees would be needed prior to funding. On April 15th I was told that the preparation of final loan docs would be sent first thing the next morning before proceeding with funding. On April 16th I was told my loan was approved for immediate transfer, I sent my wiring instructions as directed for the funding yet on April 19th I was instructed that I would need to make an additional payment of $4275 for "closing costs". They made me aware that my funding was set for the 21st but they needed closing costs paid prior to disbursement. On April 19th I sent the $4275 for closing costs, I confirmed with ************ that was all they were needing to continue with the disbursement and he acknowledged on April 20th that he would initiate the wire the next day. On April 21st I was told that an unsecured loan would cost me $3200. On April 21 I sent the $3200 to receive funding that day. On April 22 i still had not received funding and requested an update, he said i should receive it by Monday end of day. April 26 I was asked for $1850 unsecured loan fee. When I asked to cancel loan because i couldnt afford payment I was then asked for $1300 cancellation fee prior to receiving my refund. Only closing costs were disclosed not secured fee, insurance fee or cancellation fee and i still have not received a refund yet
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