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Sterling Commercial Capital, LLC.


Country United States
State Alabama
City New Orleans
Address 2930 Banks Street
Phone 800-497-8606
Website http://sterlingcommercialcapital.com/

Sterling Commercial Capital, LLC. Reviews

  • Jun 3, 2017

My expereince was very similar to several prior outscam filed on brian opert and sterling commercial capital.

Brian opert, sterling commercial capital, promotes himself through a website and on conference calls a a direct source of funding for more difficult projects which normally cannot be funded through traditional funding sources. As a result, after i reviewed the sterling website, contacted opert and presented a summary of a refinancing and new construction financing for an international residential condominium resort in central america, opert indicated to me in email responses and on conferences calls that it was a project for which he was very interested in providing funds. Not once did opert indicate to my client or me that he was a broker, and that he was not a direct lender. In fact, on his website and on each conference call with opert he indicated to us that he "had his own money from which to fund projects."

As a result, i then submitted a full project due diligence data room dropbox to sterling for review and after a few weeks, received a funding term sheet from sterling for a loan to fund the central american resort project. Terms were quite attractive other than the fact that the sterling loan "offer" term sheet required a personal guarantee from the principal owner/borrower, which my client was unwilling to provide. As a result, opert suggested that we resubmit the funding request to sterling as a joint venture or equity funding request in order to avoid a personal guarantee requirement from sterling.

Therefore, my client resubmitted the funding request for an equity investment in the project, specifically for the purpose of avoiding the sterling personal guarantee requirement. Sterling then provided an equity investment term sheet to my cliient which also included very attractive equity investment terms and requested a $5,000 due dilgence deposit. This deposit was to be paid up-front before any substantive due diligence was commenced. Upon receiving the deposit, sterling only then began to look at the detailed data in the due diligence dropbox data room...

Opert then provided comments and requests from an "underwriter" and started with a few follow-up requirements and questions which were not addressed in the equity investment term sheet or on any of the prior conference calls with my client, in effect, a "bait & switch" process began clearly reflecting new terms and requirements never provided or discussed on our conference calls which reflected a "good cop-bad cop" routine with the "underwriter."

In our dealings with opert it became clear that he had no intention and/or ability to provide funding for the project financing as requested. He is either a broker of funds from other "potential" funding sources other than his own, or is a blatant fraud who is merely in business to collect due dilgence deposits and then quickly create reasons why he cannot fund soon thereafter. In fact, he starts with a very positive sales pitch and then once he gets the deposit money turns into a person who is "the answer is no-what's your question" person; a "dr. Jeckle & mr. Hyde" personality. In fact, opert appears to be somewhat mentally embalanced.

Proceed with opert and sterling at your own risk. Do not pay opert any up-front "due diligence" money, since it is clear to me that he has no ability to fund any project, contrary to his website information and initial positive sales pitch...

  • Dec 23, 2019

Another Baseless Rant Gets Published

Sterling Commercial Capital’s response to this fraudulent claim is mostly bewilderment. Neither the writer nor the property is identified, so we cannot research the claim. We have no record of this “Central American” deal in 2017 in our files. And the comments are baseless: Sterling has never claimed that “we have our own money”. We always report that we represent several private sources – family offices, wealthy individuals, hedge funds and other private sources, for whom we originate, evaluate, underwrite, recommend and close commercial transactions, which mesh with the appetites of that particular fund(s). Furthermore, we have never offered any financing that involves personal guarantees, so not much of this makes sense. Regretfully, we cannot comment on this claim without knowing that it was a real deal actually submitted to Sterling, as compared to a rant by another unhappy intermediary (like all of the others posted here).

  • Jan 19, 2017

Before serious considertion of engagment of Sterling Capital or Brian Opert in obtaining financing through various loan programs as advertised on the Internet or by direct solitication or referral, be absolute in requiring that Brian Opert full understands your requests, terms and conditions and his understanding is demonstrative in his LOI.

Prior to agreeing to advance monies , which is a mandatory requirment of Brian Opert insist, on validation of his references. Brian, in response, will attempt to deminish your request by implying your are insulting his integrity (which he has none) and he will not waste his time as his website eludes to his overwhelming success in lending.

A LOI prepared by Opert is contingent upon payment of "upfront or advance fees". Upon review of a Sterling LOI you will invariably find a deviation from the original discussed terms and conditions (commoningly referred to as "bait and switch").

Unless our company is an exception common rationality dictates this "bait and switch"methodology is one of many tools used in defense request for fees and addtional fees. In other words a "red herring".

In regards to payment of advance, up-front or origination fees..."Caveate Emptor".

John McCormick, Consultant/Member/Manager Emerald Falls Hotel & Resort

  • Dec 23, 2019

Attempt to commit a fraud stopped cold - they did not own the property!

On January 12, 2017, Gary Sparkman, borrower and reported the only principal of the borrower entity, replied via email

Brian you are correct presently I do not own the property The Entity that owns the property is LJ CA. I have no interest in LJ CA other than the fact I guaranteed a loan on behalf of those folks that being said I do not mean to complicate the issue so there is no need for you to incur for their expenses by having legal give you an opinion because your opinion is correct thanks for the reply.

So, given all of the foregoing, there was no refinance deal to be had, regardless of Sterling Commercial Capital’s many months of effort.

And regarding this person, “John McCormick, Consultant/Member/Manager Emerald Falls Hotel & Resort”, I do not know him. Over the 4 months of intensive involvement, I do not recall ever talking with him. He is not listed anywhere on anything in our files, and so we never communicated via email with McCormick either. Accordingly, I cannot explain, nor respond to his false complaints nor understand his untruthful and/or bizarre claims, nor his position with regard to the company, the borrower nor the transaction.

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