Due to then massive amount of SiSa and Full Docs Commercial loans that have defaulted in our portfolio in the past few months, Axiom Commercial Funding, LLC (ACF) is closing it's lending operations effective immediately.
The amount of fraud that has been perpetrated by brokers and borrowers alike is staggering, and we are just beginning to unravel the damage done. Axiom Commercial Funding, LLC will be filing Chapter 7 bankruptcy on June 01, 2008 as we see no possible way to recover from these devastating losses.
Investors we are in the process of repossessing properties and selling notes on foreclosures we have already taken back to payback your investments and we will be in touch shortly with the results. As Axiom Commercial Funding, LLC has ALWAYS promised, you will not loose your original investments, nor your interest yield.
We have enjoyed assisting those honest customers thru the years and will continue to service your loans thru a third party company or if you loan has been sold, by the new owners of your note.
We wish you well in life and may prosperity find it's way into your life.