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06-16-2020, 07:21 PM #1
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- Sep 2014
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- 263
www.kanjorskipartners.com/refinance - Can't Perform - Scam Lender
So I saw this guys posts and spam of the boards and sent him several deals - They Issued term sheets on a large deal in February and revised in March and adjusted to take into account the Covid issues. I then kept in contact and when the flights opened up we were told the deal would move forward.
We sent updated financials and Stefan Bernarsky continued to lie and say they were very busy and he would have final numbers. He then vanished for 2 weeks ignoring phone calls and txt and emails. So Today I sent a txt asking if they were still in business as I had 4 new deals to submit. He Immediately Surfaces and says yes they are in business and swamped but he no longer wants to do the original transaction but wants the 4 new files.
I would warn you all that something is very wrong and if you send this guy files I have no idea what he is using all of the information for but it's not funding deals. And I have the 2 signed term sheets that they are now ignoring.
MikeLast edited by michaelh; 06-16-2020 at 07:33 PM.
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06-16-2020, 07:41 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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06-16-2020, 07:49 PM #3
- Join Date
- Sep 2014
- Posts
- 263
Did you not see the part where they issued 2 term sheet after getting all the documentation? Are you asking if they just issue term sheets before seeing if the deal conforms?
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06-16-2020, 08:19 PM #4
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
Mike,
I am sorry that we declined your transaction. To set the record straight, we declined the transaction after post-term sheet discoveries that were not present prior to the term sheet issuance. We never engaged for a due diligence fee nor asked for one.
Additionally, you failed to mention in your post that out of the 2 files total that you have historically submitted to us, we funded 1 of the 2 transactions that you submitted via your partner in Money Matchmacker Co Capital. The commission on that deal that we funded with a refinance was paid at closing to your company/partner.Last edited by KanjorskiPartners; 06-16-2020 at 08:29 PM.
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06-16-2020, 09:14 PM #5
- Join Date
- Sep 2014
- Posts
- 263
Mr Bernarsky
You never funded a file I sent you - If you funded a file for Burt that is fine. And why are claiming you found out things after the term sheet was issued. That conflicts with the text you sent and you did not respond to any inquiries for 2 weeks. Your specific txt was " Yes we are still in Business. Just absolutely swamped w submissions. We are not keen on the XXXXX transaction at this time." Too New of a company and to much working capital being asked for." You new the age of the company from the original submission and you knew the working capital request. If You like I can post the 6 unanswered emails and 12 unanswered txt. And you have been working on this file since the Second week of January.
In case your forgot here is the last 2 emails you sent showing you asking for updates on May 14 and they were immediately responded to and then an email from me after no response in 2 and a half weeks On June 3rd and I have sent you 6 emails with no response and txt. And in case you forgot you claimed that you were going to look at the file and send a term sheet and then refused to respond again until today!
From: Stefan Bernarsky
Sent: Thursday, May 14, 2020 2:23 PM
To:
Subject: update
Hi XXXXXX,
Hope you and your family are well.
Not sure if you took another route on your refinancing needs. It seems as though restrictions will be lifting for us on or before end of May in Pennsylvania (we are next to NJ and NY so we are still essentially locked down)
If you want us to refresh your potential deal and prepare to finalize an updated term sheet agreement and find a path towards closing please send:
1) updated AR
2) updated AP
3) update P&L
4) updated balance sheet
5) updated balances on all MCAs
6) updated working capital needs through end of 2020
7) mar, apr and interim May bank statements
8) updated WIP / projections
Looks like we are heading towards a normalcy in our area and can resume normal operations and travel soon.
Thank you XXXXX.
Stefan M. Bernarsky
From: Stefan Bernarsky
Sent: Wednesday, June 03, 2020 4:28 PM
To:
Subject: Re: XXXXXX
I got a long email from her that I remember. I’ll have to go back and check. Sorry we have been absolutely slammed with applications and deals the past 2 to 3 weeks.
Stefan M. Bernarsky
Chief Investment Officer
KANJORSKI PARTNERS, LLC
Cellphone: 570-862-7279
www.kanjorskipartners.com
Financing. Consulting. Investing.
________________________________________
From:
Sent: Wednesday, June 3, 2020 3:11:41 PM
To: Stefan Bernarsky
Subject: XXXXX
What is going on with this file - she said she sent you the updated information and never heard back from you
Thank you for the opportunity to earn your Business!
Sincerely Yours,Last edited by michaelh; 06-16-2020 at 09:27 PM.
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06-17-2020, 04:39 AM #6
- Join Date
- Apr 2014
- Posts
- 781
Oy vey.
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06-17-2020, 10:30 AM #7
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
Mike,
Again, I am sorry that we declined your one transaction. To set the record straight, we declined the transaction after post-term sheet discoveries that were not present prior to the term sheet issuance. We never engaged for a due diligence fee nor asked for one.
Additionally, you failed to mention in your post that out of the 2 files total that you have historically submitted to us, we funded 1 of the 2 transactions that you submitted via your partner in Money Matchmacker Co Capital. The commission on that deal that we funded with a refinance was paid at closing to your company/partner.
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06-17-2020, 11:57 AM #8
- Join Date
- Sep 2014
- Posts
- 263
Mr. Bernarsky
I do not have a partner - are your records that sloppy? And why do you claim you are backed up and have so many files that you can't keep up yet send out spam emails twice a week asking for submissions. Why can't you process files in the order they are received and answer questions in a timely manner and why do you continue to lie about undisclosed discoveries? You never even sent a letter detailing why you are choosing to decline the submission, failed to respond to emails but continue to claim you are a reputable company. Your own emails detail that you can not even manage file submissions or track emails and respond in a timely manner.
No broker wants to submit a file to a lender who does not respond in a timely manner and if the file is declined provides a reason for the decline so the broker can inform the customer. The emails above show you asked for documents on May 14th and received them On June 3 rd after multiple emails you responded that you never looked at the documents you requested.
And as a side question is this you being sued by Barclays Bank or someone else?
Barclays Bank Delaware v. Stefan Bernarsky
MJ-45301-CV-0000170-2019 | Pennsylvania State, Magisterial District Court, Lackawanna County
Judge Magisterial District Judge Paul Keeler
Filed Aug. 8, 2019Last edited by michaelh; 06-17-2020 at 12:03 PM.
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06-17-2020, 12:31 PM #9
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- Oct 2016
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- 4,318
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06-17-2020, 12:46 PM #10
- Join Date
- Sep 2014
- Posts
- 263
The Term Sheet was issued on March 18th 2020 and it had a 6,000 dollar due diligence fee not to be paid until the lender was able to travel to the customers offices in either Texas or Arizona.
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06-17-2020, 12:50 PM #11
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- Oct 2016
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- 4,318
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06-17-2020, 12:54 PM #12
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- Oct 2016
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- 4,318
Ok, so it went something like this:
1. Client offered a fantastic looking term sheet with $6,000 in DD fees due at execution of term sheet.
2. Client feels uncomfortable with upfront fees from lender and says they want to meet face-to-face with lender.
3. Lender ghosts?
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06-17-2020, 12:58 PM #13
- Join Date
- Jun 2015
- Posts
- 3,322
From what i understood their whole program is after to get the funders to agree under or over the table to take a cut . If those funders dont answer or do not agree to take a cut than the deal falls apart.
Am I correct?
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06-17-2020, 02:54 PM #14
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
It went:
1) term sheet issued
2) no fees charged
3) we declined transaction based on findings post term sheet
Its a simple declined transaction during due diligence.
Please notice that we funded another file submitted by Michael's partner.
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06-17-2020, 02:55 PM #15
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
Our program and investors are internal and we fund internally. We do not work with outside investors.
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06-17-2020, 02:59 PM #16
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Just our of curiosity..... How large was this deal where the term sheet was issued? Was the term sheet signed by both parties? Was the DD paid?
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-17-2020, 03:51 PM #17
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
this should be interesting. He keeps on insisting that they funded your partner, yet you are saying you have no partner.
I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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06-17-2020, 04:12 PM #18
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- Oct 2016
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- 4,318
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06-17-2020, 08:24 PM #19
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
From Michael "You never funded a file I sent you - If you funded a file for Burt that is fine. "
Burt was said to be Michael's partner.
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06-17-2020, 08:26 PM #20
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
No lien placed on A/R at term sheet execution. We issue an indicative term sheet with the terms of a proposed transaction subject to our full due diligence and underwriting. There was no DD fee paid. We only ask for DD fees when we do on-site visits and background checks which we do on every deal. We ask for those expenses to be covered. Its a small DD fee. None taken on this declined transaction.
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06-17-2020, 10:31 PM #21
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06-17-2020, 10:49 PM #22
- Join Date
- Apr 2019
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- 318
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06-18-2020, 01:14 AM #23
- Join Date
- Mar 2016
- Posts
- 123
Interesting
Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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06-18-2020, 01:46 AM #24
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- Oct 2016
- Posts
- 4,318
Ok, let me update the scenario:
1. Client offered a fantastic looking term sheet with $6,000 in DD fees due at execution of term sheet.
2. Client feels uncomfortable with upfront fees from lender and says they want to meet face-to-face with lender.
3. Lender couldn’t meet face-to-face in another state because lender is on bail.
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06-18-2020, 05:40 AM #25
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Know your customer! Know your referral sources! Know your sources of capital! Background checks are easy and cheap!
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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