[Richierichard]

property management company having 460 credit score they own all their properties deposits 25,000 per month they own many many houses seeking capital so they can improve their credit need 25,000 so far only been offered 5000 also they own houses free and clear worth about 70,000 each would consider doing first mortgages on those please email me if any interest in this at milford@commercialmortgagecap.com

[nrh1lp]

With a sub 500 credit score I'm not surprised the approval is capped at $5K, most places won't even touch credit like that. Either sell the eat your vegetables deal, or take it to WBL if the property has enough equity.

[Funder Mark]

With a sub 500 credit score I'm not surprised the approval is capped at $5K, most places won't even touch credit like that. Either sell the eat your vegetables deal, or take it to WBL if the property has enough equity.

Dead wrong. I funded a client $150k, as a 3rd, with a 440 FICO

[nrh1lp]

Dead wrong. I funded a client $150k, as a 3rd, with a 440 FICO

That guy was probably doing $300K+/mo in which case yes, there are other options. When a merchant is only grossing $25K/mo I highly doubt Wall will give an offer much better than what he is seeing.

[Funder Mark]

100% true

[Asset Advance]

Introduce your merchant to someone who can help repair their credit

[Nikkiclean06]

It was more like a million a month hahaha

[mcaguru]

Mantis has placed tens of millions into merchants with subprime credit scores.

[BB_Cooper]

Sub 500 FICO should not be a problem for most High Risk MCA funders.

It just sounds like your are looking for a hard money lender instead of an MCA-

[Fundyman]

The only funny thing with this post is that the original post states the merchant is "seeking capital to improve their credit... needs $25,000." I'm trying to learn from whoever sold them that credit repair plan!