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  1. #1

    Funding Circle -

    Hello Guys,

    I wanted to see if there was any other lender similar to Funding Circle as far as rates, term length and monthly payback with no prepayment penalties?

    Any other lender comparable to these guys?


    Thank you!

  2. #2
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    Ive been seeing these Lendistry guys on LinkedIn, anyone work with them seem to be very similar to FC
    Eagle Funding Group
    Phone: (646) 793-6809
    Email: info@eaglefundinggroup.net
    Web: www.eaglefundinggroup.net

  3. #3
    Senior Member Reputation points: 503040
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    Quote Originally Posted by Eagle Funding View Post
    Ive been seeing these Lendistry guys on LinkedIn, anyone work with them seem to be very similar to FC
    Up to $1,000,000. Terms up to 5 years. Rates between 6-24%. There's a 5 point origination fee. So they are similar to Funding Circle. But only 640 credit score as opposed to Funding Circle's 680.

  4. #4
    From what I understand, its a similar model to WBL and requires collateral of residential/commercial properties, large machinery, and contracts

  5. #5
    Senior Member Reputation points: 7360
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    Quote Originally Posted by MCAVeteran View Post
    From what I understand, its a similar model to WBL and requires collateral of residential/commercial properties, large machinery, and contracts
    If there is real estate collateral, I can do 6% - 12% interest rate (yes, real interest rate). 3-8 year term. I have about $30MM of deals in the pipeline right now, ranging from $100k to north of $10MM, so there is lots of opportunity for deals of all sizes.

    This is a straight up real estate loan, paying off any existing mortgages and providing cash out. (not a second lien and not funding against the business). Can fund pretty much anything except primary residence.

    Feel free to reach out if there is interest.

    Best,

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

  6. #6
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    FC is no real estate. There are 100 of direct lenders that can do these 6-12% commercial real estate deals.
    Different lending model

    Fundation is unsecured but not much in broker commission


    Quote Originally Posted by dpFund View Post
    If there is real estate collateral, I can do 6% - 12% interest rate (yes, real interest rate). 3-8 year term. I have about $30MM of deals in the pipeline right now, ranging from $100k to north of $10MM, so there is lots of opportunity for deals of all sizes.

    This is a straight up real estate loan, paying off any existing mortgages and providing cash out. (not a second lien and not funding against the business). Can fund pretty much anything except primary residence.

    Feel free to reach out if there is interest.

    Best,

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

  7. #7
    Senior Member Reputation points: 5036 DiamondBL's Avatar
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    Lendistry has been a good source- But they sometimes do require equipment or real estate collateral (State and deal specific). The rates and service is great.

    Jonathan Kohanoff
    Diamond Business Loans
    292 S. La Cienega Blvd STE 206
    Beverly Hills, CA 90211
    Work 424-320-3800
    jon@diamondbl.com

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