CMN Funding

I am from Albany NY and know this group (Stephen Frank) and their track history. I am not aware of them ever actually closing a loan, but I have closed loans for investors who CMN stole money from and did nothing to obtain funds for their up-front fee. I gave 1 star because it required it.

I engaged Stephen Frank-CMN funding to do a loan financing for me- This was in 2018- I wired his companies 6 wires, and now have spent over $650,000 with him for this funding that he and his companies personally guaranteed. This loan was to be funded in October 2018. He did not fund and has continued to tell me almost weekly that funding is going to be next week. He has stated this lie to me for almost 4 years- he has lied to me over 100 times. I told him a few weeks ago that I was going to come to his office and I did go to his office to meet him. When I got there, his office was closed, everything was gone, there was no forwarding address on the door. I texted and called him and he did not respond. He not only has taken me for over $650,000 and not funded, but he didn't even have enough guilt to even tell me not to come and that he had closed his office.He has refused since then to talk to me and has gone into hiding. Stephen Frank still has a person who did answer one time when I called his office since then who said he has worked for Stephen Frank for over 40 years. Stephen Frank is only 51 years old, so that means he would have had to been in business since he was 11 years old! Just more lies!!! His name is Scott Marshan identified on the voice message. He is someone that calls from the office are retrieved by, and he calls people to try and get them to send CMN Funding $3,500 in order to see if they can do a loan for them. When I looked on line of other complaints there was one person that sent Stephen Frank money to his 176 Ridge Street LLC in May 2021. That person has not gotten funded and Stephen Frank has also refused to refund him his money for the last 6 months.Stephen Frank has not closed my loan from almost 4 years-which was suppose to be with his 176 Ridge Street LLC. Yet he was still having clients send money to that LLC. for financing when it has been 4 years since he actually had closed any financing through that LLC of his. All this points to massive fraud!!CMN Funding's office is closed. Do not send them any money for anything because you will never see it again! When you look on-line you will see many people now who are all reporting having had their monies stolen by Stephen Frank AND never being funded. It would be different if he wasn't able to fund someone- but returned them their money. But Stephen Frank has crossed the line from being an honest business man to being an out right criminal! I believe that with the amount of money that Stephen Frank is stealing from people, that he soon will be facing criminal charges!

I had the total misfortune of being introduced to Stephan Frank and the businesses that he uses to run his scam (CMN Funding, CMN Real Estate Group & CMN Real Estate Group Inc) Frank will claim to be in the business of being able to provide funding for development projects. Nothing can be farther from the truth. If you run across Frank or any of his business rest assured of one thing and one thing only. HE IS A THIEF!! He will fabricate stories, make false promises, and NEVER deliver anything of value to you. He will take your money with a guarantee of it being refundable, yet you will never see your funds again. DO YOUR RESEARCH, THERE ARE MANY REVIEWS DETAILING THE ACTIONS OF THIS FRAUD. DO NOT BELIEVE ANY GOOD REVIEWS!!***** NOTICE*****NOTICE*****NOTICE*****NOTICEIF YOU HAVE BEEN SCAMMED BY STEPHAN FRANK OR ANY OF HIS BUSINESS PLEASE REACH OUT!!Email us at avoidcmn@gmail.com we want to hear from you. Please do not hesitate.

Border line SCAM...Sthepen Frank, CEO, will make commitments he won´t keep, and when pressured to reply and face his customers, he will delay and stall. When he eventually does show up, he always has an excuse. After more than 18 months from LOCC and 11 months from LOC, He has not funded my business, and is not responding to my demands for returning my money; including money I paid for third party services HE never paid.

Hi, I would like to share my experience with CMN and to warn others of this company CMN Funding located in Albany, New York, and my dealing and with Stephen C. Frank President & CEO Albany, NY (518) 435-1119. We had engaged CMN more than a year ago and to date we have no funding or even progress in funding and add now Stephan Franks wont return emails or calls. We engaged with CMN funding for Construction financing. paid for MAI Appraisal and discovered that the appraiser had issues getting paid for his services, even though we had paid separately for his services. To date we have had nothing but promises and false statements about progress and funding. According to the agreement, if CMN funding could not provide funding with their so-called lenders then a refund was to be issued. To date we have no response for funding and to date no reply to the emails requesting the refund. Please feel free to contact me if you would like more information at avoidcmn@gmail.com , or if you have had similar experience I would love to hear from you. Stephan Franks must have experience in this type of scheme, as he is masterful at call avoidance and delay tactics, basically a liar. That is my experience and am willing to share my experience.

Stephen Frank, President of CMN Funding, has consistently lied about a loan deal and has committed several fraudulent acts related to this matter. He has strung our company along for over a year and a half, saying the funding is closing but has not provided one single shred of evidence that a loan exists. He has written letters to be shared with government officials, banks, and creditors, stating that the loan was closing, which we used to keep our operations open.Stephen Frank has also committed fraud in an egregious fashion in forging reference letters with bogus loan numbers from institutions claiming our loan exists. Even after doing this, we have given Stephen Frank ample opportunity to prove that a loan exists but he has failed to do so.On May 20, 2021, we requested the return of the Services Fees ($60,000) due to Stephen's inability to validate a loan. There have been several follow-up letters sent to Stephen demanding the return of our Services Fees but he has ignored all the requests. When our representatives have called to speak to him, he has refused to get on the phone. When he has gotten on the phone, he has consistently lied about the deal was about to close, but given us an ultimatum of dropping the complaints we have filed against him in order to continue with "the deal". Stephen Frank lives in an alternate reality, devoid of any truth, honesty, integrity, and business ethics. Stephen Frank must be held accountable for his fraudulent behavior. I would highly advise anyone seriously considering using CMN Funding and Stephen Frank for funding, AVOID THEM LIKE THE PLAGUE.

Stephen Franks is. the CEO for CMN. He gladly took the upfront fees for his services and Mai Appraisal. For the last 8 months he has not fulfilled the contracted service. He never returns any phone call, will not return emails, and if he does his one line replies are lies. This is an experienced con man and company. be very diligent before engaging with them.

You should be very careful in using this company. they make claims and vague contracts and never delver. the CEO Stephen Franks never returns emails or calls. they will delay you and in the end just take the fees and never deliver. then your project gets delayed and have to take legal actions to get your fees back for no delver of the contract.

We are a US company and have been frustrated with US lenders being unable to provide financing for our Caribbean real estate projects. Steve Frank of CMN Funding is the only US lender that has been able to secure financing for the amount we needed to move our project in Caribbean forward.

Stephen Frank is a LIAR!!!! Everything write, texts, or tells you is a lie.These reviews below are bought! Be warned! Do not Do business with this loser!

I was hired by CMN to perform two appraisals for development projects in Panama. This company requires its clients to transfer them the full appraisal fee upfront to supposedly cancel the appraiser once the report is received. The draft reports were submitted back in December 2020. Since then the transaction remained on hold, with no concrete answer from CMN. After several months, the client's broker had to contact directly the real lender (CMN was just an intermediary). The remaining 60% of our appraisal fees have not been paid.

CMN Funding and Stephen Frank went above and beyond to help me launch my fitness business. I am extremely grateful and pleased with their services. My dream of owning my own business is now a reality.

I would give zero stars if I could. These unfortunate people claim to lend money on commercial real estate (multi-family) properties, but instead require documentation as if one were applying for a commercial loan. More over, two of their representatives treated me an an abusive manner (and I not even talking about having to leave four voice mail messages before they would return a phone call): Their Director Large Balance Originations - in our very first conversation - first asked me how I was doing, then stated she didn't really care and laughed at the fact that I was not feeling well. The assistant to the company CEO argued with me, attempted to interrupt me and talk over me, accused me of yelling at you when I was not, and then hung up on me. In this business based in large part on personal relationships, these unfortunate people utterly fail in that department. They represent the absolute worst of Hard Money Lenders. Please take my advice and DO NOT have anything to do with people of such ill repute!

CMN has been very useful to me over the last several years. Closed a few business & re mortgages with them and then referred over a few of my friends as well. They got our deals to the table as long as they made sense. Thumps up.

I am a broker and sent a client to CMN. The deal was less than $150k and it took 6 months to close. Throughout the process there were several times my client feared the loan wouldn't close because they kept asking for info they had already recieved or discussed even up until days before closing. At the closing table my client found out the loan amount/terms had changed but he was in too deep and needed the funds to walk away at that point. Their process is efficient and extremely frustrating and expensive for the borrower. If you have other options, I would stay away from CMN! Also they're a broker and do not do any direct lending themselves.

Family had a very good experience dealing with the CMN team on our 4 units mortgage. They will do our next investment finance. New York or Massachusetts will be the location.

I have taken some of my clients to CMN over the past few years. CMN has closed at least 5 transactions for me over this period. I would definitely recommend them for commercial funding and I will continue to do business with them.

Been doing business with CMN a long time in the Caribbean especially in the DR. Their process is very fair and I have closed a few loans with them. I like them very much and would use them again on a future deal. Nic Egeler

Been doing business with CMN a long time in the Caribbean especially in the DR. Their process is very fair and I have closed a few loans with them. I like them very much and would use them again on a future deal. Nic Egeler

I used CMN for my financing recently to acquire a property in upstate NY. They were very helpful and efficient. I would not hesitate to use them again.

I've used CMN to obtain financing for three investment purchases over the past few years. I'm more than pleased and highly recommend.

I have realized that this company really knows nothing about Lending and continue to create problems when you give them a loan. They have Lenders that charge too much in fees, and Underwriting continues to ask for the same things you have sent them 3-4 times. I will only use them if it is absolutely necessary and nowhere else to go

I dealt with CMN on a small multi family property refinance a couple years back. I got a very good deal and would not hesitate to use them again in the future. I was very happy with my rate & term at closing. Justin R.

I have closed 11 transactions and paid with CMN and have found them professional and on time expectations. I have another three in the pipe looking To close totally recommend. Andy L

I am long time investor that has closed a few deals with CMN. I used them to acquire a multi-family in 2006 and then I refinanced it a few years later. I also bought a 2nd property within the last couple of years that CMN worked with me on. If I need them I call and they are there to help me. GL

I TOOK SEVERAL DEALS TO THEM AND THEY SCAMMED ALL MY CLIENTS. STAY AWAY FROM THESE PEOPLE...THEY ASK FOR A FEE TAKE THE FEE AND DO NOTHING..SCAM.