Results 1 to 13 of 13
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09-07-2017, 12:32 PM #1
- Join Date
- Oct 2012
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- 360
800k-1 mil a month deal need $500k line of credit
looking for line of credit 790 fico has 1 mil line of credit with wells fargo and $500k in bank needs $500K to show he has $2 mil to get awarded a project .
never did line of credit before any direct sources for real line of credit ?
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09-07-2017, 12:44 PM #2
- Join Date
- Feb 2017
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- 3,455
Sent you an email again, Sam.
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09-10-2017, 11:19 PM #3
ill give you $800k for one month with collateral @ 10%, close in 5 days.( client needs RE as Collateral )
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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09-12-2017, 09:35 AM #4
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- Oct 2012
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- 360
got him 500k 11% 6 months
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09-12-2017, 09:48 AM #5
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- Jan 2016
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- 435
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09-12-2017, 10:12 AM #6
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- Dec 2014
- Location
- Quogue, NY
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- 1,108
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09-12-2017, 10:21 AM #7
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- Oct 2012
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- 360
i dont believe i wrote APR and as far I know 11% is same as 1.11 ? or maybe my math is wrong?
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09-12-2017, 10:22 AM #8
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- Oct 2012
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- 360
wasn't interest rate was fee as was explained to the merchant
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09-12-2017, 10:28 AM #9
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- Feb 2017
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LOC = Take when you want, payback when you want, draw again as needed
Term loan = Fixed amortized payback
Someone with a 790 FICO can get credit cards for much cheaper and, because of that, you could have made more money on your end. Why did you only present a 1.11 to him when you can present an 0% APR product and charge 10-15 points?
https://www.breakoutfinance.com/apr-calculator/
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09-12-2017, 10:41 AM #10
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- Dec 2014
- Location
- Quogue, NY
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09-12-2017, 11:06 AM #11
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- Jun 2015
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- 3,325
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09-12-2017, 11:11 AM #12
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- Jan 2016
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- 435
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09-12-2017, 01:12 PM #13
- Join Date
- Dec 2014
- Location
- Quogue, NY
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