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How did he get unbanned?

Zonefund with the Level 80 Zombie resurrection spell. Albeit, the coincidence is obviously titillating.

Steve benjamin?

Isn't FORWARDLINE the one who made you switch processing to their processor?

Are you accepting ISO Partners?

Steve is half right, you need to be licensed if doing an OO property. Here are the guidelines for states you can book NOO deals in with no license. You can go private money on OO if 51% of the loan amount is for business purpose and term not to exceed 12 months. Nobody is taking a 5 year prepay in this market.

lol you asked for a product that would verify someone without being there and I gave a possible solution. It's up to the funders discretion to to use it or not. Also, the could use any cellphone to do it... it just requires the merchant to take a picture of their DL along with a live selfie. If they really needed the money, they could find a family, friend, or coworker with a cell phone to be able to do this.

Yeah, I'm sure that explanation will go over REALLY well with the broker whose file I am killing because the guy doesn't own a cell phone :rolleyes:

Maybe they should be required to use a cell phone to verify who they are. 97% of adults aged 18–49 own a smartphone and 76% of adults aged 65 and older own one.

BriteCap used to be known as ForwardLine, and has been around since 2004. The name change last year comes from new ownership, by a bigger financial institution, North Mill Equipment Finance. Source...I am VP of Marketing at BriteCap Financial.

I did a mixed use cash out refi for $1.1M last year in Hawaii. Owner Occupied but was allowed hard money due to mixed use. Took out 8 positions. a Hawaii licensed loan officer/real estate broker could do a mortgage on primary residence. If Ben has a referral there that might work. If it's NOO (investment property) I have a private lender that can do hard money.

I have a private lender that lives in the area. If it is a non owner occupied home we can do it Contact me to discuss Ben Zuniga Omega Funding LLC bzuniga@omegafund.com 720-279-4345

What if the person is using a landline and not a cell phone?

There are links that can be sent to the phone number and a selfie has to be taken, (you have to smile to make sure it's not just a picture as well). I'm pretty sure plaid does this if not plenty of other companies. When you complete Crypto KYC, they typically do this sort of verification.

What is this technology you know of that tells you the identity of the person you are speaking with over the phone sight unseen?

It's actually the general industry average across the board, over all lead-gen mediums, including cold calling (the actual number is 3.92%). Google Adwords is in the 4%-5% range, the issue is the cost per acquisition per funded deal. www.UccRadar.com – Large sales volume merchants filling out your application.

I have Known Steve Benjamin, Professional Business Loans for a while now, i myself have several deals that are with Steve @ the moment. Steve is old school, Workaholic, truly cares about the merchant, and does his due diligence in getting truly quality money for clients, whether its thru Heloc or No Doc Loan or A good Term Loan, i have seen his work up closely, i can say extremely rare! and that's why i work some of my files with Steve. I know he has helped many people on the Forums as well, Definitely an Asset and a Think Tank that figures out a way around obstacles, and has many years experience in the Industry with priceless contacts that make things a Reality for the client and a Nightmare for the MCA broker robbing and then robbing some more of the client. That spells it out pretty clear!

I actually funded a 50k today with them for a home health care. They do more of the B to D paper. James Alvarez Extra Funding LLC

I can tell you right now that over the last 15 years I have been with Centrex selling and consulting on enterprise finance technology, the most successful shops will use MCA as a tool to get their client a higher and/or better facility. Though I have seen the MCA product a million times work on its own for good quality purposes, I still think using it as a tool on your tool belt is the best way to use it. And the MCA product/space isn't dying at all. Will regs come in and make it more difficult? Yes most definitely......but I have seen this product go through the 2000 dot bomb, 2008 financial crisis, COVID, high interest rates, lawsuits etc etc. It's a good product and it is simply abused by people and organizations that don't know and/or understand the broader landscape of corporate finance. My thoughts. Trey Markel VP Sales and Marketing (888) 622-5810 ex 101 tmarkel@centrexsoftware.com www.centrexsoftware.com

Pennsylvania. I told him to make sure the company who reached out to him is licensed in that state and can legally pay him as an unlicensed broker.

If the property is in California, SDC Capital has a hard money bridge loan program | https://sdcfinance.com/residential-bridge-loan

Because i don't lie to sell leads? 4% is the high end of "average", id say impossible with social media leads, and only if youre really good at it with search based leads. Was that the average in the 2018 debanked state of the industry report?

I guess you are missing the point....many MCA brokers and agents are in it for the quick buck. I would say that very few of you have any interest in doing what in the best interest of the client. Short term, quick buck mentality and lying to clients sometimes seems to be the SOP in this business. There are a few brokers (certainly not you) who ARE interested in seeing how else they can help their clients get better financing. Their client says they want a term loan and many of you are clueless what to do, so you call me. Yes I've done a few MCA's when that is the only immediate solution for a client...but that is a symptom of a greater problem and that's where I can help. This industry is headed for death. You want to go die with it, be my guest. I offer alternatives to death....alternative financing. Brokers call me every day to just ask questions and learn about alternatives. Obviously someone sees value in the information I provide. If it doesn't float your boat, just simply put me on your ignore list instead of complaining about my posts.

Steve why are you even on this site? All you talk about is regulation and demonize the entire MCA industry. You claim to only do conventional financing yet I have proven in the past that in fact you do facilitate cash advances. Seems to me that people like you are the real issue!

Yes, it is a scarlet letter. If you actually respect yourself as a salesperson/business owner, or even just like a human. Imagine lying in every conversation you have, living like a thief, and some dude on the internet still defends you - even though you're too lazy to do your own job. Shout out Chambo, he's holding it down for the scumbags.

Can't do hard money on primary residence. Can do Investment property. Primary residence needs a lender who is licensed in the state. And to pay you, you may also need to be licensed so be careful. If anyone promises they can do hard money on primary, be wary. If it's a basic hard money property loan, I have been doing a lot of them.....have several lenders I use. Some are blanket loans covering all properties with one loan. Some require loan on each property. You can finance investment property - residential 1 - 4 units, more than 4 units, mixed use properties, land, commercial property, agriculture, etc. One has no Fico requirements. Can get up to 75% Loan to Value cash out on these programs. If Fico below 650, LTV goes down. Here are your options: Bridge loan - 24 months Interest Only - runs around 11%. Can have no prepayment penalty up to 6 months to a year depending on the lender. 10 year interest only, amortized 20 after. This program has a bit of a lower rate and is good for rental properties as it offers the lowest payment. However, it does have a 5.4.3.2.1 prepayment penalty. Thats 5% first year, 4% second year, etc. You can buy down the prepay to 3 years for 1% cost. To 1 year at a 5% cost. Again there are variations. Now you can do a buy down of the prerpay to one year for 1.5% cost... 30 year fixed.....this is for long term fixed and the rate is the lowest of the two above. It also has the 5,4,3,2,1 prepayment penalty. These loans are NoDoc (no income documentation) or SISA (Stated income stated assets) You can also do a dscr on 1 - 4 units and the rates gets into the 8% range. Reach out with questions or help.