We were introduced to Dr. Abernathy through a refering broker while seeking a large acquisition and development loan. We were told by Dr. Abernathy that he represented several professional athletes and was both a direct lender and participant in $200,000, 000 of loans annually.
Our expereince is that this is not true.in our situation, he has acted only as an intermediary broker collecting fees under the guise of controlling a transaction. Fees were advanced under the verbal promise and in writing that if Dr. Abernathy, Sovereign and Garco did not deliver a loan within a specified time we would receive a refund of due diligence and closing costs we advanced that exceeded $5000.
Subsequently, we found out that his office had been closed for months and that he was shopping our deal through several other brokers. Ultimately, he introduced us to a group that was an outright fraud and cost us a lot of money.
If you have had a similar experience with Dr. Abernathy please post a reply. Maybe if we band together we can put this man where he belongs.
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