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06-17-2020, 04:12 PM #1Senior Member
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Is a lien placed on A/R at execution of term sheet?
Originally Posted by KanjorskiPartners
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06-17-2020, 08:26 PM #2Banned
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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 #3A forum user
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Stefan, Originally Posted by KanjorskiPartners
Are you the same Stefan Bernarsky that was arrested on December 17th, charged with 4 felonies, and released on bail?
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06-17-2020, 10:49 PM #4Senior Member
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dayum...boy just had CLEAR report ran....well answer him Stefan, CHIEF investment officer... Originally Posted by Sean Cash
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06-18-2020, 01:14 AM #5Senior Member
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Interesting
It's like "As the World Churns", or something like that.... Originally Posted by fin4all
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 #6Senior Member
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Ok, let me update the scenario: Originally Posted by Sean Cash
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, 01:35 PM #7Senior Member
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:::grabs popcorn:: Originally Posted by Sean Cash
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