$400k deal need advice
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  1. #1
    Senior Member Reputation points: 8384
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    $400k deal need advice

    have a nice $300k approval over 12 months 1.25 buy rate.my agent said merchant fell off her chair ..
    what's my next best option ? California deal .....

  2. #2
    Senior Member Reputation points: 218103
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    Funding Circle

  3. #3
    Get me the details I'll send it over to 800fund

  4. #4
    Senior Member Reputation points: 7360
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    Good for your client! Sounds like she has not taken cash advances before. :-)

    As everyone here knows, outside of someone like Funding Circle, if she wants unsecured funds she is going to be paying rates in the realm you noted.

    If she has real estate to leverage, the money is a LOT cheaper (5% - 12%).

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

    Best,

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

  5. #5
    Senior Member Reputation points: 18402
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    Funding circle won't yield you commission like a 300k advance.

  6. #6
    Senior Member Reputation points: 8384
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    penny in hand is better than dime on the ledge
    Quote Originally Posted by golf2014 View Post
    Funding circle won't yield you commission like a 300k advance.

  7. #7
    Senior Member Reputation points: 503040
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    Quote Originally Posted by golf2014 View Post
    Funding circle won't yield you commission like a 300k advance.
    It's still a $12,000 commission. If you've charged a fee, even more.

  8. #8
    Banned Reputation points: 4530
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    She must have realized the effective interest is in the mid to high 40's.
    How about a little more description as to what the client does to see what alternatives might exist.
    Bob Sha w
    Rshaw@ironhorsecredit.com
    734-929-3800

  9. #9
    Senior Member Reputation points: 301165
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    Quote Originally Posted by Addicted2mca View Post
    Get me the details I'll send it over to 800fund
    huh why will anyone do that? 800 fund is a high risk funder / broker / revolving working door

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