Tom Caufmann

General Information

Experience

President  - Capital Advantage Finance & Development Inc.

Registering Agent  - CA Holdings

Part of the Management  - Advantage Builders

Affiliations

Founder  - Capital Advantage Finance & Development Inc.

Recent News  

Sam Johnson, attorney for the Hilgers & Watkins defendants, says the settlement in McCarthy is one of seven that the former firm reached with investor-lenders who sued the firm over commercial real estate loans brokered by Tom Caufmann and his now defunct company, CA Holdings LLC, doing business as Capital Advantage, between 2000 and 2002.Caufmann, who now runs a company called Rockin Rock Hill Houses in Hilton Head, S.C., says he left Austin at the end of 2002 and that when he was with Capital Advantage, nobody lost money. Hilgers & Watkins initially took the position that the firm represented Caufmann and Capital Advantage, not McCarthy, MGM Holdings and Gowron, the investor-lenders. Corporate filings at the Texas Secretary of State's Office show that Caufmann was the registering agent for CA Holdings, which operated as Capital Advantage, and Caufmann was part of the management for Advantage Builders.Caufmann says he doesn't know anything about the allegation that money was missing from the rehabilitation fund."I have no idea what that's referring to," he says.He adds that he never received a letter from Novak ending Hilgers & Watkins' representation of Capital Advantage. Caufmann says at the end of 2002 he left Austin after going through a divorce that he says basically forced him out of Capital Advantage. "I left with the proverbial shirt on my back," he says. The McCarthy plaintiffs alleged in their petition that Hilgers & Watkins failed to define, either verbally or in any written contract or agreement, the specific rights, duties or obligations of Caufmann and Capital Advantage and McCarthy and MGM Holdings with regard to the transactions.

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By the end of 2002, Thomas Caufmann, the President of Capital Advantage sought to take this concept to the East Coast by forming Capital Advantage Finance & Development Inc. based in Hilton Head Island South Carolina.

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Sam Johnson, attorney for the Hilgers & Watkins defendants, says the settlement in McCarthy is one of seven that the former firm reached with investor-lenders who sued the firm over commercial real estate loans brokered by Tom Caufmann and his now defunct company, CA Holdings LLC, doing business as Capital Advantage, between 2000 and 2002.Caufmann, who now runs a company called Rockin Rock Hill Houses in Hilton Head, S.C., says he left Austin at the end of 2002 and that when he was with Capital Advantage, nobody lost money. Hilgers & Watkins initially took the position that the firm represented Caufmann and Capital Advantage, not McCarthy, MGM Holdings and Gowron, the investor-lenders. Corporate filings at the Texas Secretary of State's Office show that Caufmann was the registering agent for CA Holdings, which operated as Capital Advantage, and Caufmann was part of the management for Advantage Builders.Caufmann says he doesn't know anything about the allegation that money was missing from the rehabilitation fund."I have no idea what that's referring to," he says.He adds that he never received a letter from Novak ending Hilgers & Watkins' representation of Capital Advantage. Caufmann says at the end of 2002 he left Austin after going through a divorce that he says basically forced him out of Capital Advantage. "I left with the proverbial shirt on my back," he says. The McCarthy plaintiffs alleged in their petition that Hilgers & Watkins failed to define, either verbally or in any written contract or agreement, the specific rights, duties or obligations of Caufmann and Capital Advantage and McCarthy and MGM Holdings with regard to the transactions.

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