M5 Commercial Funding

Brooke Lark 

on Google

2 months ago

BEWARE! Do *not* work with Derrick from M5. In March 2026, he promised a May 20 closing date for my commercial loan, then dropped off the face of the map. Not returning phone calls or emails for days, misleading with inaccurate or incomplete information and ultimately, Derrick cost me my dream property because when the time came for closing, there was no loan, no lender to help, and the 2 months of time investing trust in him weren’t just gone, they were eviscerated. In an industry where trust, follow-through and service is ... read more

Tom Coffman - Agent 377 

on Google

2 years ago

This is the WORST lender that I have EVER dealt with! I was told in late March 2024 that my loan for a storage facility looked good. They pre approved me and told me that I could get a 25 yr loan @6.285% interest rate. Derrick is horrible at communicating! He has only reached out to me 1 time back in March and it's been "crickets" from him since then! The last email I received was on June 18, 2024, advising that my interest rate was 10.75%!!! I had already filed 1 extension to my contract and the seller will NOT extend ... read more

Derrick Tornow 

on Google

4 months ago

Tom Coffman- You told us that the self storage project was currently leased up but in reality the only tenant was the seller and he would be moving out. That meant the property would be vacant and wouldn’t qualify for the lower interest rate. We presented a SBA 7a loan option to get you into the project, give you time to stabilize it and we could refinance into a lower rate once you had occupancy up. You didn’t like the rate and said you couldn’t do the higher rate. Sorry but we don’t control rates. This was taking place whe... read more