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  5. DREXEL MORTGAGE CORPORATION

DREXEL MORTGAGE CORPORATION

Headquarter

Company Details

Name: DREXEL MORTGAGE CORPORATION
Jurisdiction: New York
Legal type: DOMESTIC BUSINESS CORPORATION
Status: Active
Date of registration: 20 Mar 1995 (30 years ago)
Entity Number: 1904926
ZIP code: 11419
County: Kings
Place of Formation: New York
Address: 101-05 LEFFERTS BLVD., STE. 201, RICHMOND HILL, NY, United States, 11419

Shares Details

Shares issued 200

Share Par Value 0

Type NO PAR VALUE

Links between entities

Type Company Name Company Number State
Headquarter of DREXEL MORTGAGE CORPORATION, FLORIDA F05000002961 FLORIDA

DOS Process Agent

Name Role Address
THE CORPORATION DOS Process Agent 101-05 LEFFERTS BLVD., STE. 201, RICHMOND HILL, NY, United States, 11419

Chief Executive Officer

Name Role Address
J. TERRY GANGARAM Chief Executive Officer 101-05 LEFFERTS BLVD., STE. 201, RICHMOND HILL, NY, United States, 11419

History

Start date End date Type Value
2001-05-31 2007-03-16 Address 101-05 LEFFERTS BLVD., STE. 207, RICHMOND HILL, NY, 11419, 2005, USA (Type of address: Service of Process)
2001-05-31 2007-03-16 Address 101-05 LEFFERTS BLVD., STE. 207, RICHMOND HILL, NY, 11419, 2005, USA (Type of address: Principal Executive Office)
2001-05-31 2007-03-16 Address 101-05 LEFFERTS BLVD., STE. 207, RICHMOND HILL, NY, 11419, 2005, USA (Type of address: Chief Executive Officer)
1999-03-22 2001-05-31 Address 1071 GREENE AVE, BROOKLYN, NY, 11221, USA (Type of address: Chief Executive Officer)
1999-03-22 2001-05-31 Address 101-05 LEFFERTS BLVD, STE 207, RICHMOND HILL, NY, 11419, 2005, USA (Type of address: Principal Executive Office)
1999-03-22 2001-05-31 Address 101-05 LEFFERTS BLVD, STE 207, RICHMOND HILL, NY, 11419, 2005, USA (Type of address: Service of Process)
1995-03-20 2025-01-29 Shares Share type: NO PAR VALUE, Number of shares: 200, Par value: 0
1995-03-20 1999-03-22 Address 1071 GREENE AVENUE, BROOKLYN, NY, 11221, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
110608002170 2011-06-08 BIENNIAL STATEMENT 2011-03-01
070316002727 2007-03-16 BIENNIAL STATEMENT 2007-03-01
050413002136 2005-04-13 BIENNIAL STATEMENT 2005-03-01
030418002261 2003-04-18 BIENNIAL STATEMENT 2003-03-01
010531002128 2001-05-31 BIENNIAL STATEMENT 2001-03-01
990322002298 1999-03-22 BIENNIAL STATEMENT 1999-03-01
950320000778 1995-03-20 CERTIFICATE OF INCORPORATION 1995-03-20

CFPB Complaint

Complaint Id Date Received Issue Product
1520035 2015-08-14 Application, originator, mortgage broker Mortgage
Issue Application, originator, mortgage broker
Timely Yes
Company Drexel Mortgage Corporation
Product Mortgage
Sub Product Conventional adjustable mortgage (ARM)
Date Received 2015-08-14
Submitted Via Web
Company Response Closed with monetary relief
Consumer Disputed No
Date Sent To Company 2015-09-02
Complaint What Happened Drexel Mortgage company made several promises to me about my loan process, none of which they kept. Moreover, I was slammed with a {$6800.00} fee just before closing that I was never aware of, nor did I agree to pay. I was told that the " HUD '' contains information provided by my Broker ( who did n't show up to closing ) and all terms were discussed and agreed upon before submitting to the lender. This was absolutely not true!! I never received any information regarding such a high fee. Given the exorbitant amount and the lack of service ( ignored calls, texts, and email ; delaying process by not following up with lender about requirements in a timely fashion, etc. ) received, I would have shopped around for a better rate and company ; but only finding out about this fee the day before our first scheduled closing ( which was two weeks before actual closing ) and after waiting months to secure funding I was promised would take three weeks, I was stuck. The lender would n't refund the payment they already had issued through my mortgage and said that I should 've been issued a GFE from Drexel, which of course, I never received ; and that any issues would need to be taken up with the Broker. I reached out with a compromised rate and the President responded with a lower value, as if he did nothing wrong and was doing ME a favor. He has yet to respond to my second message. Having also been paid by the bank for the loan, I am seeking the full amount refunded, plus the 8.24 % interest I had to pay on this fee. The {$2300.00} or so they received from the lender more than adequately compensates Drexel for their horrible service and deceptive practices!!
Consumer Consent Provided Consent provided
3377926 2019-09-17 Closing on a mortgage Mortgage
Issue Closing on a mortgage
Timely Yes
Company Drexel Mortgage Corporation
Product Mortgage
Sub Product Conventional home mortgage
Date Received 2019-09-17
Submitted Via Phone
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2019-09-19
Consumer Consent Provided N/A
4252065 2021-03-28 Applying for a mortgage or refinancing an existing mortgage Mortgage
Issue Applying for a mortgage or refinancing an existing mortgage
Timely No
Company Drexel Mortgage Corporation
Product Mortgage
Sub Product Other type of mortgage
Date Received 2021-03-28
Submitted Via Web
Company Response Untimely response
Consumer Disputed N/A
Date Sent To Company 2021-03-28
Consumer Consent Provided Consent not provided

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
9754958502 2021-03-12 0202 PPP 10344 108th St, South Richmond Hill, NY, 11419-1716
Loan Status Date 2022-07-13
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 15724
Loan Approval Amount (current) 15724
Undisbursed Amount 0
Franchise Name -
Lender Location ID 49274
Servicing Lender Name Citibank, N.A.
Servicing Lender Address 5800 S. Corporate Place, Sioux Falls, SD, 57108
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address South Richmond Hill, QUEENS, NY, 11419-1716
Project Congressional District NY-05
Number of Employees 1
NAICS code 522310
Borrower Race Asian
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 49274
Originating Lender Name Citibank, N.A.
Originating Lender Address Sioux Falls, SD
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 15919.24
Forgiveness Paid Date 2022-06-14

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Related by address

101-05 LEFFERTS BLVD., STE. 201, RICHMOND HILL, NY, United States, 11419

CARE ESTATES LLC NADROJ, LLC

Date of last update: 14 Mar 2025

Sources: New York Secretary of State

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