Activity Stream
All times are GMT -4. The time now is 02:18 PM.
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Older Activity
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Today, 02:10 PMNeed someone to take over a reverse for a merchant in California. Withhold is right around 30% range with new funding he is looking to do. Does anyone do same week, or immediate take over? The only eligible funders I've talked to (Cali) say they have to wait 2 weeks before taking over from last disbursement. We have ISOs with most known reverse lenders, didn't know if anyone else would be willing to go in. Would be around half a million reverse. Any input helps, thanks.
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Today, 02:08 PMI'm always open to hear about a funder and how they operate. Doesn't mean I'm going to sign up with them and most of the time I don't. Something about them just interested me a little so figured I'd ask around.
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Today, 01:48 PMI know the domain and the individual that owns the post. He did not include the domain name in the post for his own reason(s)
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Today, 01:41 PMDave? What's the domain?
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Today, 01:39 PMIn credit card processing? Top level - two word - domain name for sale. Blue chip domains are all taken! We have one for sale! DM me here. Serious investors only.
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Today, 01:35 PMWith so many reputable and well known funders available, why?
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Today, 01:31 PMAaron, they're business consultants on preventing company waste/loss/theft? Is that accurate?
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Today, 01:21 PMYes, but at like 1.21-1.23 range for 12mo
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Today, 01:15 PMI just called them at 818-849-5514. Got a voicemail, sounded a like a robot that did not identify the company. Very generic greeting. Strike 1
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Today, 01:12 PMGet this done poster
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Today, 01:03 PMHey guys, I'm always doing my due diligence whenever I hear about a new funder. Their website: https://looponefunding.com/about/ Anyone have experience with them?
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Today, 12:44 PMGREAT people. Abe is a class A guy.
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Today, 12:05 PMPearl, Greenbox
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Today, 12:00 PMgoatFunding replied to a thread Looking for lender to do 1.5m at a 1.18 sell in Merchant Cash Advanceup to 6 IME
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Today, 11:54 AMArent their term loans paying 2-4 pts
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Today, 11:41 AMWe offer MCA Funding for PR based Merchants
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Today, 11:14 AM750k cap i believe
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Today, 11:13 AMbrokerCompany replied to a thread Looking for lender to do 1.5m at a 1.18 sell in Merchant Cash Advancecredibly
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Today, 11:06 AMAltbanq (sos). You'll only make around a point at that, but you're there with the rate so long as they like the deal
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Today, 10:55 AMKevin Henry-Seacoast replied to a thread Looking for lender to do 1.5m at a 1.18 sell in Merchant Cash AdvanceIf they are billing for hours worked, have decent AR outstanding, and billing around 12mil/years...... This could qualify for ABL or a ledgered facility with us. Even factoring would be Prime + 2 or 3.
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Today, 10:52 AMI am doing 10 year fixed Interest Only at 11.49% annual....less than 1% a month payment. NoDoc real estate loan. 65% LTV on commercial 75% LTV on SFR, multi.
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Today, 10:50 AMKevin Henry-Seacoast replied to a thread Looking for lender to do 1.5m at a 1.18 sell in Merchant Cash AdvanceHi Aaron, Are they billing for hours worked? What does the accounts receivables look like? KH
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Today, 10:29 AMYes, altbanq (sos capital) too. If these guys reject it along w the guys i suggested then tvt and cedar are your best bet in my opinion.
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Today, 10:28 AMIf you're using collateral theres many options, your best bet would be to co broker with micah (abfunders). If you're doing mca, the guys i gave u will do the deal. I think biz2credit will wrap it up 4u if its clean.
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Today, 10:27 AMI have funded millions in land loans this year and plenty in Colorado. The above Benjamin is correct if you go private money the lender will typically want the funds going back into the project with plenty of documentation and exit, but at a LTV under 30% you may get away with documentation depending on the area. Client may be better off going to local bank or credit union it will take longer but some of them dont need all the paperwork. I have referred deals to a local credit union and all they asked for was tax returns.
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Today, 10:25 AMDo you have lenders that do good rates on collateralized funding? We thought WBL would be good but these rate theyre giving suck
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Today, 10:23 AM1. What's the use of funds for that DTI usage? 2. Collateral - Asset Based Loan? - Invoice factoring? A/R aging? 3. Hard money real estate? 4. Purchase order financing? Look at other options other than MCA.
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Today, 10:21 AM"What industry? Perhaps there is a better solution. KH" Loss Prevention
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Today, 10:21 AMI do, but need a tax return to review due to slim margins. also need to know if they sell other things or just strictly check cashing.
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Today, 10:19 AMI have a WBL offer for 2m but they changed their rates and are hitting me with what comes out to be a 1.36 over 12 months which is crazy. If i come back and tell this guy that rate hes going to tell me to go **** myself