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Whats up all? Who is still doing Auto Sales out there. I have a solid Merchant, good credit, strong dailys, not a stacker, no NSF's, been in business for 9 years. Does 200k/month. Merchant has IOU Central and Plantinum for a total of 60k (40k to IOU and 20k to Platinum) Wants to leave IOU in place and payoff platinum for 20k and net additional 100k. Anyone on here doing this type of deal?
Not a stacker but has 2 balances ? Huh
Credibly (Formerly Retail Capital) will fund Auto Dealerships and they will pay off up to 3 balances as long as the merchant nets 50%.
lol i was going to say the same thing. not a stacker but want's a 3rd, hah!Quote:
Originally Posted by Michael I
Hahaha. Not a stacker! That's to funny! =)) but has 2 positions.
WBL would be a good fit if the client has collateral. It won't be one of those 3-5 month 1.45 crazy offers either
I don't think you guys read what I wrote. In todays day and age, I don't consider someone a stacker who has 2 positions and never had any more than 2 positions. Also, he is not looking for a 3rd, he is looking to consolidate the 2nd and have the new company go into 2nd. You guys are funny, maybe some of you should try reading what people write before responding. I get it though, the industry is frustrating at times and some of you use this site as a place to vent, however I am just looking to place a solid deal.
Not really about what you consider a stack or not. By definition, one loan on top of another is stacked.Quote:
Originally Posted by AlexSMF
And, where you are wrong is by writing -- this industry is frustrating at times. It's always frustrating, unless you've received a funding notice in the past hour. :mad:
This is why each and everyone of you should write to congress and beg them to regulate the industry. To save you from yourselves and in the mean time maybe get rid of all the idiots who have no business being in this industry or even leaving their house without adult supervision on any given day for that matter
P.S. While yes, 2 positions is a stacker in its truest definition but how many deals do you come across that only have 1 position....not many at all. If anything when someone tells me that they do not have any positions out then I automatically assume they have another set of bank statements.
a merchant in a semi-restricted industry with slim margins and two outstanding advances is solid? I just spit my coffee out all over my desk laughing.
Daily average balances are 40k month over month. He owes 60k against 2.4 million in annual sales. Explain to me how is that slim margins. Sorry that you spilled your coffee, but you should already know, coffee is for closers. :-)
check out our website instafundllc.com and shoot me an email at nathaniel@instafundllc.com and talkQuote:
Originally Posted by AlexSMF
What do the tax return show for profit ? Does he have a floor plan in place ?Quote:
Originally Posted by AlexSMF
That will show you his margins.
Also not sure what's funnier the coffe is for closers or that you think that industry can ever be called a solid file since he only STACKED once
Nathan are you a direct lender ?Quote:
Originally Posted by nmanapat
Good morning. Did you find a home for this deal? I have a solid relationship that may get this done.
I have been handling an influx of used car dealers and luxury asset clients needing $$$. My specialty asset financing program has been working in my favor...contact me for details...Quote:
Originally Posted by AlexSMF
Don't care if the merchant has $20 million a month in deposits. what's the pass thru? What are margins? If the merchant makes $2.4 million a year, but has $2.5 million in expenses, then the other merchant doing $150K a year, but $75K in expenses is more valuableQuote:
Originally Posted by AlexSMF
I am answering to the title of this thread...........
CapRock Services funded a couple of new car dealerships in July. Contact me if you want to discuss this, or any of our other programs. Thanks!
Louis Rubin
Regional Sales Manager
CapRock Services, Inc.
4890 Alpha Road l Suite 200
Dallas, TX 75244
866-962-4922 toll free
214-216-0230 direct
214-420-5100 fax
www.caprockservices.com
An Express Working Capital LLC Company
Louis, will you guys consider a used car lot? I have 3 I am needing to place.
I can get used car lots done! Contact me asap.Quote:
Originally Posted by 1StopFunding
Louis
Is Alex still there ? What percentage of gross are you funding?also is this only on a cc split?
JayQuote:
Originally Posted by jayrich316
You seem to be superman . Are you an ISO or does your company really fund it all?
Yes Mike I have a broad spectrum of lenders and used car lots I can get done...all you have to do is call me and discuss the scenario in 2 minutes and I'll have it taken care of. I'm on here to fund deals, not play games or waste anyone's time. call me at 561-510-0801 or email me at jay@bluecloverfin.com
You guys know what I'm gonna ask.... does the client have _____?