BBB Business Review
This Business is not BBB accredited
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This company purportedly offers construction and commerical development loans.
This business is not BBB accredited.
Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.
To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.
Reason for Rating
BBB rating is based on 16 factors. Get the details about the factors considered.
Factors that lowered the rating for Mediations LLC include:
- BBB concerns with the industry in which this business operates
- BBB does not have sufficient background information on this business
Customer Complaints Summary
|Complaint Type||Total Closed Complaints|
|Problems with Product/Service||0|
|Total Closed Complaints||0|
Additional Complaint Information
BBB has received complaints from businesses across the country stating that Mediations, LLC (also doing business as Innovations Northeast, LLC) is charging substanital up-front fees for construction loans, but not delivering on the loans.
Complaint information indicates that the up-front fees range from $1,500 to as high as $26,000, and are required to be paid by wire transfer or by cashiers check.
Business ManagementMr. Michael Petriccione, President Ms. Diane S., Secretary
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