lender recommendation
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  1. #1

    lender recommendation

    Merchant is looking for 50k on a credit card split. Deposits are at about 250k-300k. Does about 70k on credit cards, and has credit score above 650. Has one advance out for 117k. Industry: general merchadise. What lenders would consider coming in on this?
    Last edited by Goliathfunding; 06-24-2016 at 02:17 PM.

  2. #2
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    i could do a lockbox on this with a 20% remit, if they truly average 70k per month in processing. or if they want to switch to integrity payment systems i can do a straight split. let me know!
    Anthony Diamond
    Underwriter

  3. #3
    Member Reputation points: 1158
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    lender recommendation

    We will do 2nds on occasion. If he really does the numbers that you say he does, there's plenty of room there. We could do a second position with a credit card split, no lockbox.
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

  4. #4
    We can do 20% remit. Lockbox.
    Please reach out to:

    Linda@capitalseven.net
    www.capitalseven.net

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