Results 1 to 25 of 72
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05-26-2016, 11:16 PM #1
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- Mar 2015
- Posts
- 32
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05-27-2016, 09:31 AM #2
- Join Date
- Mar 2015
- Posts
- 8
"The entire industry is already smarting from weakening investor appetite for their loans as defaults rise."
Default rates on the rise? Recession???
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05-27-2016, 10:02 AM #3John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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05-27-2016, 12:13 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Thank god America has dozens of states
Last edited by mcaguru; 05-27-2016 at 12:18 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-27-2016, 12:32 PM #5
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05-27-2016, 01:59 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
For us seasoned funding houses default rates for MCA are right in line.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-27-2016, 02:12 PM #7
- Join Date
- Oct 2014
- Posts
- 260
3 years constitutes as "seasoned". Interesting
Second place? Set of steak knives.
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05-27-2016, 02:16 PM #8
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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05-27-2016, 02:25 PM #9
- Join Date
- Mar 2015
- Posts
- 32
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05-27-2016, 02:26 PM #10
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-27-2016, 02:44 PM #11
- Join Date
- Mar 2016
- Posts
- 657
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05-27-2016, 02:53 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,471
less than 10% default rates.... you guys are funny!
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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05-27-2016, 03:05 PM #13
- Join Date
- Dec 2013
- Posts
- 4,713
What do you mean Kevin>? Whats funny what did i miss ? !
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-27-2016, 04:30 PM #14
Bingo
Guys we never have said we have a 6 percent default rate. Most people won't admit this publicly but we are an open book. We have an average over 7 years of funding a 13 percent default rate....not sure if people think this is high or low but it's what we are at.
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05-27-2016, 04:36 PM #15
- Join Date
- Dec 2015
- Posts
- 25
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05-27-2016, 04:37 PM #16
- Join Date
- Jun 2015
- Posts
- 3,318
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05-27-2016, 05:23 PM #17
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05-27-2016, 05:36 PM #18
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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05-27-2016, 05:50 PM #19
Bingo
13 percent of the total payback is never recovered...that's average over 7 years...we have lower quarters and higher ones but we are holding steady at 13
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05-27-2016, 07:07 PM #20
- Join Date
- Oct 2013
- Posts
- 45
Bingo
With 87 percent collect of rtr and let's say under 7 month paper with daily compounded it should be north of 40 percent irr
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05-29-2016, 12:51 AM #21
- Join Date
- Mar 2015
- Posts
- 32
13% of each payback would mean 26% a year if you do two funding circles with 6 month terms, no?
Last edited by NewWay ISO; 05-30-2016 at 12:23 PM.
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05-29-2016, 06:55 AM #22
- Join Date
- Dec 2015
- Posts
- 25
Issac, appreciate your response. Just was wondering, you say 13% the last 7 years. What would be that number over the last 2 years with stacking completely out of control. ..with the increase in bankruptcies. ..with corporate turnaround doing their thing. ..i would have to guess that number is much higher than 13%. I would guess that number to be more like 18%....
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05-29-2016, 10:51 AM #23
Bingo
Actually not, our number for the first 5 years was around 10. We have seen a jump in defaults because of all the reasons you laid out...additionally our volume for the last 2 years has quadrupled. Sure we have months that are higher than 13 but not often.
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05-29-2016, 11:26 AM #24
- Join Date
- Dec 2015
- Posts
- 25
10% average over first 5 years is what i figured, but to get it to 13% avg over the 7 years, that would require the defaults over the last 2 years to be far greater then 13%....to bring up the average from 10% over first 5 years to 13% over 7 years, would need to be a default rate at 17% plus nowadays...
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05-29-2016, 12:57 PM #25
Bingo
If the volume over the 7 years was even but in the last 2 years we funded 2 times the amount we funded in the first 5