Cc split
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  1. #1
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    Cc split

    Im reposting this for steven at davincinc - He needs someone to look at a deal based on merchant statements only - customer is processing about 50-90k monthly - banks are too ugly, please call him if you can assist.


    Steven @ davinci
    210-290-4102


    cc split 1st position bank has NSFs

    I have three deals that need a cc split. All have great cashflow but NSFs upwards to 7 plus eacoper month. Each doing 39-69k in cc and seeking lockbox solution without concern on bank NSFs

    Thnx Davinci

    Broker input ok but,
    Brokers need not request to see file.
    Thank you for your input.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  2. #2
    Senior Member Reputation points: 99408 ridextreme's Avatar
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    what is "too ugly"? How many NSFs/Negative days, whats the ADB? If they're beyond a certain point, he's not getting a split.

  3. #3
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    i would ask steve, but from what he told me - in may the guy had 16 over NSF fees
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



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