used car dealership.... womp womp wompppp... does a lot of volume tho...
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  1. #1

    used car dealership.... womp womp wompppp... does a lot of volume tho...

    She wants between 300 - 500k....

    She also has a building she will use as collateral:
    351,000 appraisal October 15
    Owe 240,000


    CA: no
    Industry: auto sales
    Time in bus: 3yrs
    Avg balance: approx 50k
    Neg days: April – 2 // May -2 // June - 0
    NSFs: April –0 //May-0// June -0
    Gross rev: April –1M May –300k June - 800k

    CAN 95k balance
    Iron 38k balance

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
    Join Date
    Sep 2014
    Location
    NYC
    Posts
    1,437

    WBL is you best option here. Who will be the first to say ME, ME?

  3. #3
    Senior Member Reputation points: 30475 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,732

    This deal would be a perfect fit for WBL if their debt was lower (or if the property value was higher). Their debt is currently hovering around 68% LTV, which would be tough to place a second or third upon.

    Sorry!
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
    Senior Member Reputation points: 18402
    Join Date
    Apr 2014
    Posts
    781

    There is.no room on the collateral..

  5. #5
    Senior Member Reputation points: 7360
    Join Date
    Aug 2015
    Location
    Boulder, CO
    Posts
    755

    Since it doesn't work for Zach I am happy to see if it is a fit for our funding model. I just funded a car dealer today for $500k.

    The client will need $40k - $60k in monthly Net Income to qualify.

    12-18 month term, with early pre-pay after six months with no fees, penalties or interest
    Monthly payments

    Feel free to reach out if you would like to discuss.

    Best,

    Dan Page
    dan@fundingstrategypartners.com
    Direct: (303) 938-8280

  6. #6
    dave im sending you the file

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