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06-17-2020, 12:54 PM #1
- Join Date
- Oct 2016
- Posts
- 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, 02:54 PM #2
- 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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