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Has any one heard anything about COMMERCIAL CAPITAL TRAINING GROUP?

Question : Has any one heard anything about COMMERCIAL CAPITAL TRAINING GROUP?
I always want to start my own company in the finance world but didn’t know really where to start and I came across commercial capital training group. All i want to know is it legit, has anyone used there program, anything like that. Also is there a way to start my own commercial lending business without using there services? I heard that you have to be in that type of lending industry for a number of years before lenders will deal with you. Please help me out (SERIOUS ANSWERS ONLY!!!!!!!!)
commercial lending training

Best answer:

Answer by Ed Atun
They have many complaints. They charge an upfront fee with a promise that it will be refunded. Instead of refunding it, they sometimes bill the customer for a 3% cancellation fee. Even tho the customer waited months for his money.

The tipoff that this is not legit is that the company says that you can make $ 5K to $ 25Million working at home. They are selling franchises.

In many states you can open your own loan brokerage by posting a $ 250,000 bond ( $ 25,000 cash) and passing an exam. Local business and real estate schools teach the licensing classes for $ 250.

This entry was posted by admin on August 29, 2010 at 9:22 am, and is filed under Commercial & Investment. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

Comments (2)
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#1 written by Wayne Sanders 1 year ago

I looked into the Commercial Capital Training Group program a few weeks ago. Everything looked pretty good on their website, but when I started to do my own research on the company I couldn’t find much. They claim to have been in business for many many years, but when I looked them up with the Department Of Corporations of NY it says that they just incorporated on Nov. 6, 2009. They have testimonials on their website of graduates from Feb. 2008, Aug. 2008, & March 2009 so….How can they be successful graduates of the CCTG if CCTG weren’t in business back then. THIS PUT UP SOME RED FLAGS IN MY DECISION MAKING PROCESS. 20K is a lot of money and I will not spend my hard earned 20K with a company that built a website that LIES. Thank goodness I did my homework before I committed to spending my 20K.

Wayne S.
Dallas, Tx

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#2 written by Doug Janus 1 year ago

My partner and I actually attended their program in January of 2010. I can confirm that this organization is legitimate and a real opportunity. They don’t sell franchises but rather a business opportunity which was one of the factors that attracted us to their program in the first place. I was actually a banker for Wachovia for 12 years until Wells Fargo took us over and suddenly found myself with out a job. I can tell you that the programs we learned and lending sources we where exposed too are very competitive and the majority of sources and banks I did not know about prior to attending the program. From our perspective, your buying knowledge, support and resources combined into a effective business model that contains all the tools to operate in this industry that I believe even myself being in banking for a number of years could not have done. And yes, the majority of sources out there today do require some experience in order to broker deals. So that was not a problem for us as the sources we were set up with waived that requirement. I’m not sure what Ed is referring to a “upfront fee and 3%???. We paid a training fee and received what was promised to us. We have actually just closed a skilled nursing facility loan for $ 10.2 million dollars with one of their banks. We also have done smaller loans in the past. Definitely a real organization and would recommend to anybody thinking of getting into the commercial finance business.

Doug Janus

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