West Gate Bank

★☆☆☆☆
  • 2662 Cornhusker Hwy Ste B

    Lincoln, NE 68521

    Map & Directions
  • 402-434-3458

Finance

Finance
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Get the shaft at this bank.

In 2006 I acquired a construction loan, after construction was complete in 2007 a 3 year loan was granted and then a 3 month extension was given, (This was during the last economic downturn starting in 2008.)

Another 3 year renewal was granted. But during this renewal they stated they would monitor the company's financials every few months to make sure the company was on track to meet the banks expectations. I was required to assign a life insurance policy over to them as I am past Medicare age as added collateral.

I told Mr. Harvey multiple times I could not meet his goals - he always stated "the bank will always work with you".

In June 2014 a 3 month extension was granted. No deficiencies of their expectations were communicated to me at that time and on Sept 19, 2014 I was told there were problems with loan renewal. Approximately 1 week later a demand note was issued which means they can demand full payment at the end of any given month. They required assignment of another life insurance policy.

There was loan officer changes made to Tom Soukup and John Arrigo. At this time the bank FORCED the sale of the property as they would not renew the loan.
I was FORCED to sell the property at a HUGE LOSS in order to satisfy this loan even though all payments for principal, interest and taxes were made on or before their due date.

I do not TRUST this bank and hope you might gain from my error in trusting them.

1
★☆☆☆☆

Get the shaft at this bank.

In 2006 I acquired a construction loan, after construction was complete in 2007 a 3 year loan was granted and then a 3 month extension was given, (This was during the last economic downturn starting in 2008.)

Another 3 year renewal was granted. But during this renewal they stated they would monitor the company's financials every few months to make sure the company was on track to meet the banks expectations. I was required to assign a life insurance policy over to them as I am past Medicare age as added collateral.

I told Mr. Harvey multiple times I could not meet his goals - he always stated "the bank will always work with you".

In June 2014 a 3 month extension was granted. No deficiencies of their expectations were communicated to me at that time and on Sept 19, 2014 I was told there were problems with loan renewal. Approximately 1 week later a demand note was issued which means they can demand full payment at the end of any given month. They required assignment of another life insurance policy.

There was loan officer changes made to Tom Soukup and John Arrigo. At this time the bank FORCED the sale of the property as they would not renew the loan.
I was FORCED to sell the property at a HUGE LOSS in order to satisfy this loan even though all payments for principal, interest and taxes were made on or before their due date.

I do not TRUST this bank and hope you might gain from my error in trusting them.

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We rented a home in North Lincoln in April by a landlord who did not require a written lease but we did agree upon certain stipulations of the verbal lease. These were as follows:
1, We would have total use of the garage and the landlord
would remove his property within a week or so of our taking
possession of the property.
2. We would have total use of the basement and W/D
hookups.
3. We would have the first floor apartment which had a bath,
2 bedrooms, a dining room and a living area.
4. The rent would be $650.00 per month and the deposit was
in exchange for cleaning the property which was filthy, full
of animal feces and garbage both in the yard and inside
the apartment. We cleaned the carpets, washed the walls,
shovelled the animal feces out of the basement and
bleached the entire basement. We spent more than 72
hours, including small window and other repairs.
5. Towards the end of June, our tenant upstairs let his bath
run over twice in one night, causing a substantial amount
of monetary damage to our electronics, computers, etc.
6. We immediately walked two houses down to the
property managers house and she came and witnessed
the damage from the first downpour and promised to
call the landlord. The following morning she informed us
we needed to call the landlord directly. WRONG!!! He
chewed us out for calling him and directed us back
to the manager.
7. Long story short....no one ever came to assess the
damage...fix it...or even acknowledge it happened....and
it happened 6 more times. We have not had plumbing
June of 2010, the house has been sold to West Gate/
Fairfield Investments and we have been evicted for not
paying for having no plumbing, toilet, and the sewer
backs up into the basement when it rains.
8. Here is the kicker my friends. The Assistant to the Vice
president walked through our apartment a week before
they bought it....seeing the damage, which was extensive
(approximately $5000.00 to $6000.00) and bought it
anyway. All we received from her was a letter stating that
our rent must be paid or eviction would be started.

This business is heartless, has abused the Landlord Tenant Law
to its fullest considering that if your home is not habitable you do not have to pay rent until it is fixed. You may withhold rent especially if you are living in 1/8th of your home. We were only
required to pay $81.00 per month and we used that showering, laundering and staying other places due to the mold from the
negligence of the landlord to fix the plumbing.

We couldn't move because we are on disabilility and a very fixed income. Please don't do business with these people. The laws in
Nebraska are unfair, unjust and you wonder why the Peoples City Mission is full?

1
★☆☆☆☆

We rented a home in North Lincoln in April by a landlord who did not require a written lease but we did agree upon certain stipulations of the verbal lease. These were as follows:
1, We would have total use of the garage and the landlord
would remove his property within a week or so of our taking
possession of the property.
2. We would have total use of the basement and W/D
hookups.
3. We would have the first floor apartment which had a bath,
2 bedrooms, a dining room and a living area.
4. The rent would be $650.00 per month and the deposit was
in exchange for cleaning the property which was filthy, full
of animal feces and garbage both in the yard and inside
the apartment. We cleaned the carpets, washed the walls,
shovelled the animal feces out of the basement and
bleached the entire basement. We spent more than 72
hours, including small window and other repairs.
5. Towards the end of June, our tenant upstairs let his bath
run over twice in one night, causing a substantial amount
of monetary damage to our electronics, computers, etc.
6. We immediately walked two houses down to the
property managers house and she came and witnessed
the damage from the first downpour and promised to
call the landlord. The following morning she informed us
we needed to call the landlord directly. WRONG!!! He
chewed us out for calling him and directed us back
to the manager.
7. Long story short....no one ever came to assess the
damage...fix it...or even acknowledge it happened....and
it happened 6 more times. We have not had plumbing
June of 2010, the house has been sold to West Gate/
Fairfield Investments and we have been evicted for not
paying for having no plumbing, toilet, and the sewer
backs up into the basement when it rains.
8. Here is the kicker my friends. The Assistant to the Vice
president walked through our apartment a week before
they bought it....seeing the damage, which was extensive
(approximately $5000.00 to $6000.00) and bought it
anyway. All we received from her was a letter stating that
our rent must be paid or eviction would be started.

This business is heartless, has abused the Landlord Tenant Law
to its fullest considering that if your home is not habitable you do not have to pay rent until it is fixed. You may withhold rent especially if you are living in 1/8th of your home. We were only
required to pay $81.00 per month and we used that showering, laundering and staying other places due to the mold from the
negligence of the landlord to fix the plumbing.

We couldn't move because we are on disabilility and a very fixed income. Please don't do business with these people. The laws in
Nebraska are unfair, unjust and you wonder why the Peoples City Mission is full?

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These people are wolves in sheep's clothing. Beware. They duped us into accepting a price on our home (as homebuilders) that was too low to cover our debt by saying they would "work with us on it." This comment, when said immediately after we stressed we could not afford to accept the low price, most certainly implied they would do something to share in the loss. Realtors, for example, reduce their commission to facilitate low offers. Not so at West Gate. Their help was an over-priced loan for our loss with an interest rate that shot up from 8% to 16% after a month. The interest rate hike was retaliation against us for not signing the rights to another house away to them. Dan of West Gate stated this was so when asked about it). They wanted us to sign a blank check enabling them to take our house, sell it at a loss of their choosing and then bill us for the loss. No doubt they intended to work with us by granting a loan at 16% The final clincher was that we also had to sign over our own personal home to them. The bank president himself said (while never looking us in the eye) that he would just keep the papers in a drawer. Hmm. Sound like a trustworthy operation? Don't be deceived by all the smoke and marble. West Gate bank built it's Corinthian columns on the backs of the customers it has squashed. They'll squash you too--and enjoy watching 16% of your blood spatter. Most scary of all--these are the kind of people who would find this review flattering.

1
★☆☆☆☆

These people are wolves in sheep's clothing. Beware. They duped us into accepting a price on our home (as homebuilders) that was too low to cover our debt by saying they would "work with us on it." This comment, when said immediately after we stressed we could not afford to accept the low price, most certainly implied they would do something to share in the loss. Realtors, for example, reduce their commission to facilitate low offers. Not so at West Gate. Their help was an over-priced loan for our loss with an interest rate that shot up from 8% to 16% after a month. The interest rate hike was retaliation against us for not signing the rights to another house away to them. Dan of West Gate stated this was so when asked about it). They wanted us to sign a blank check enabling them to take our house, sell it at a loss of their choosing and then bill us for the loss. No doubt they intended to work with us by granting a loan at 16% The final clincher was that we also had to sign over our own personal home to them. The bank president himself said (while never looking us in the eye) that he would just keep the papers in a drawer. Hmm. Sound like a trustworthy operation? Don't be deceived by all the smoke and marble. West Gate bank built it's Corinthian columns on the backs of the customers it has squashed. They'll squash you too--and enjoy watching 16% of your blood spatter. Most scary of all--these are the kind of people who would find this review flattering.

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