All Topics / Commercial Property / Acumen Finance – Nathan Daley Commercial Finance

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  • Profile photo of PritchardPritchard
    Participant
    @pritchard
    Join Date: 2020
    Post Count: 0

    Hello

    Have anyone use Acumen Finance of which the Director is Nathan Daley?

    I submitted an inquiry online for a commercial loan, and once I clicked the submit button they invoiced me for $1,3mil.

    I refused to pay so they put a caveat on my property

    There are no terms and conditions listed on their website and they claimed its a contract once I press the submit button.

    Is this even legal?

    I also just found out the office is registered and operated in Cairns but they got virtual offices from Servcorp and make it sounds like they are a multinational firm.

     

    • This topic was modified 2 months, 2 weeks ago by Profile photo of Pritchard Pritchard.
    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Oh dear. Really? How horrible.

    Sounds like a trip to your lawyer asap, and possibly a complaint to your local consumer affairs department.

    You are right about his ‘office’ – it seems to be a serviced office in Sydney, rather than a bona fide full business address. This would have me doubting the legitimacy of the operation, and the incongruent nature of the business address with the claims made on the website. Have you tried to call the office number? What happens?

    I couldn’t see any terms/conditions on their investor enquiry page.

    – Steve

     

     

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Hi Pritchard

    Which State was the property located where they piut the Caveat on ?

    Cheers

     

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    100% Investment Finance now available on selected properties. Email us for further information.

    Profile photo of PritchardPritchard
    Participant
    @pritchard
    Join Date: 2020
    Post Count: 0

    There are no terms and conditions displayed on the main website.

    However, once you click apply now, fill in your enquiry then there will be popup terms which most people would just check the box and click continue.

    If you read in details, it said 3% of the loan enquiry is the fees that they will charge regardless of the loans go through or not.

    I made an enquiry for a construction loan of around 43mil for high rise development in Sydney so that’s where the 1.3 mils come from.

    The company was formed in 2017, and I did call the office. Like all virtual offices, they have a professional receptionist to pick up the phone call

    I tried to make complaints to AFCA but they are not licensed so the only option is ASIC.

    Now they even put a Caveat on my property. I know there is a severe penalty if someone lodged a caveat with no good reasons and I’ve already engaged my solicitor and will be taking him to court. Its just time consuming and I cannot imagine a practice like this is allowed to operate in Australia

    I did some search on him through ASIC and he is living very comfortably at 12 Turpentine st Relynch (Cairns) QLD

    I’m very tempted to call Current Affairs to report him but borders are shut of Covid 19.

    I guess I just want to people to be aware of this firm and not going anywhere near them

     

    Profile photo of PritchardPritchard
    Participant
    @pritchard
    Join Date: 2020
    Post Count: 0

    Hi Richard

    the property is in Sydney NSW

    Profile photo of Freedom2008Freedom2008
    Participant
    @freedom2008
    Join Date: 2007
    Post Count: 6

    Pritchard, what a horrifying experience!  Thank you for posting this info which has alerted me to be more careful. I do hope you can  get this sorted out quickly.  Wishing you well, Su

    Profile photo of Lionheart20Lionheart20
    Participant
    @lionheart20
    Join Date: 2020
    Post Count: 0

    Pritchard, this broker resides in Sydney and this matter should be reported to police, is an advanced fee fraud scam. This broker has been reported to ASIC numerous times, see:

    https://www.ripoffreport.com/report/acumen-finance/sydney-nsw-nathan-daly-broker-1498435

    Most brokers pride themselves on ethical conduct this is very unfortunate.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    You may also want to look up what other lenders operate out of the same premises as trust me the address is well known in the industry for housing Private lender that dont have any money.

    We run a 350M private lending business with an AFSL and 2 x ACL. Fully audited by GT and ASIC compliant and now on 7 mortgage aggregators panels.

    Trust me we see this sort of thing every day of the week.

    Cheers

     

    Yours in Finance

     

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me

    100% Investment Finance now available on selected properties. Email us for further information.

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