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06-11-2017, 06:58 AM #1
- Join Date
- Apr 2014
- Posts
- 781
What's the avg underwriting fees on mca
9000 deal..he nets 8165..is this standard?
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06-11-2017, 07:18 AM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Sounds about right. There's probably a $395 underwriting fee and $395 ACH program fee in there. One of them can be negotiated if necessary but your commission will take a cut.
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06-11-2017, 02:39 PM #3
- Join Date
- Apr 2014
- Posts
- 781
One lender out there if they charge a fee will give me 75. 25 my way. 8 percent fee and 45 plus cents on dollar..yikes.
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06-12-2017, 11:06 AM #4
- Join Date
- Nov 2014
- Location
- NYC
- Posts
- 187
That sounds pretty high for a small deal. SOS charges 350 for deals under $30,000 and 1.2% for deals above. No ACH, UCC release.....
David Obstfeld
Chief Executive Officer
SOS Capital
1330 Ave of the Americas, NY, NY 10019
212-235-5455
SOSCapital.com
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06-12-2017, 11:10 AM #5
- Join Date
- Mar 2016
- Posts
- 657
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06-12-2017, 11:15 AM #6
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
We have no fees other than the money factor.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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06-12-2017, 11:48 AM #7
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
I don't like anything over 5% so on the 9K deal thay should net 8850
Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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06-12-2017, 12:00 PM #8
- Join Date
- Apr 2016
- Posts
- 49
5% of 9k is $450. Net would be $8550. Is that ISO PSF, ISO rep PSF, YSC miscellaneous fees, and funder's Bank fees all included?
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06-12-2017, 01:40 PM #9
- Join Date
- Jan 2014
- Posts
- 1,378
Every ysc deal ive ever done has almost 10% in ysc junk fees and then their own psf..
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06-12-2017, 04:32 PM #10
- Join Date
- Jul 2014
- Posts
- 1,746
Bank fees at YSC. Love those guys but nuff said.
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06-12-2017, 04:34 PM #11
...
Last edited by Funder Mark; 08-03-2017 at 03:48 PM.
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06-12-2017, 04:41 PM #12
- Join Date
- Feb 2016
- Posts
- 244
$5
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08-03-2017, 03:45 PM #13
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08-03-2017, 03:45 PM #14
Make sure you add a 15% psf!
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