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09-24-2017, 07:39 PM #1
- Join Date
- Sep 2016
- Location
- Tampa
- Posts
- 6
Tier 1 MCA lender for real estate company?
My client has had 2 loans with a tier 2 MCA lender and has performed perfectly. His credit is mid 600's but the issue is that he is a Real Estate firm (Keller Wiliams) and he has had an open tax lien he's been paying on for a couple years. The IRS lien started just above $1M and is now under $400,000.
His banks are beautiful with solid daily average balances and he's never stacked.
His company does $1.4M per year and has been in business since 2004.
I'm only looking for a tier 1 MCA lender, I already have a tier 2 ready to renew but he's looking for better factor rates and possibly a 9 month term instead fo the usual 6 month term.
If there are any direct lenders who want to review the deal please shoot me a pm.
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09-26-2017, 11:20 AM #2
If his credit score was 650 TD bank is offering business loans up to $100,000. purely based on score and not cash flow ( over 100 requires additional underwriting ) - several of my Real Estate customers have had great luck with this.
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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