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Cal-Terra Partners, LLC

  299 inquiries |
Real Estate Investments |   Business Alert

6355 Topanga Canyon Blvd., Suite 215
Woodland Hills, CA 91367
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Company Rating

CCC

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Customer Reviews

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Complaint Experience

N/A

Complaint Resolution Index (CRI)

Membership Information

This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.

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Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

BCA's Summary and Analysis:

We have received no complaints against this company.

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Complaint Closing Statistics

0 complaints against Cal-Terra Partners, LLC closed in last 3 years.
Complaints Type of response
0 Making a full refund, as the consumer requested
0 Making a partial refund
0 Agreed to make an adjustment
0 Refusing to make an adjustment
0 Refuse to adjust, relying on terms of agreement
0 Unanswered

Other Information

Company Info

This company's business provides real estate investment services.

Primary Contact: Jerry Malcolm (Owner)
Business Started: 6/3/2008
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Licensing

This company's offer may be required to be registered as a security with the California Department of Corporations (DOC) or the Securities and Exchange Commission (SEC). You may verify this requirement with the DOC, Securities Regulation Division, by mail at 1515 K Street Suite 200, Sacramento, CA 95814-4052. The DOC can also be contacted by phone, toll-free at 1-866-ASK-CORP (1-866-275-2677). To contact the SEC by calling (323) 965-3998 or visit their website at www.sec.gov.

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Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

We routinely advise potential investors to read and understand all provisions of contractual agreements, and not to rely on verbal promises by commissioned salespersons. The market value of an investment property should be critical to your decision to lend your funds or purchase a promissory note because there is a possibility that the only way to recover your investment is through the sale of the Property. Therefore, the market value of the property should be correctly estimated and the total loan-to-value ratio properly analyzed. This information should be made available to you before you commit your money to the transaction.

The sale price, the cost to build, or the value in use to a specific owner does not necessarily represent the market value of the Property. A market value opinion requires consideration of comparable sales and other market data by a competent professional. The market value conclusion may be presented in the form of an appraisal report. While the borrower customarily pays for the cost of the appraisal report, either you or the MLB usually retain the appraiser’s services to prepare the report, which should be reviewed by you in advance of funding the loan or purchasing the promissory note. You should make every effort to inspect the Property which will be the security for your investment.

Other Considerations

Our files show disconnected phone numbers, returned mail or both. The company appears to be out of business. We cannot trace addresses of companies or principals. General information is available upon request which may assist you.

Careful evaluation of all investment offers should be done prior to signing agreements. Rather than make an immediate decision, insist that the caller confirm details of the offer and all verbal promises in writing. Verify that the offer is registered, or exempt from such requirement, with your state securities commissioner. In California, call the Department of Corporations 213 576-7500.

Limited Partnerships are required to register unless an exemption is filed with the state. General Partnerships, however, are not required to register. Those who invest in General Partnerships may also be accountable for the financial liabilities of the entire partnership.

Offers claiming to be exempt from registration must meet specific requirements. Specifically, they must be limited to no more than 35 investors who are: immediate relatives or friends; current investors in other offers made by the company; persons referred by current investors; and to those with the expertise to make a valid decision. Generally, if an offer is sold via telephone, it is an indication it would not be qualified for exemption under current law.

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Additional Info

DBAs:
There are no additional DBAs.

Websites:
There are no additional web sites.

Contacts:

Maria Ropon (Secretary)
Tony Allen (Sales Manager)
Marc Edwards (Board of Directors)
Wendy Stubbs (Director of Marketing)

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