$100k advance - funded in 1 day (on Monday), backed by RE
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    $100k advance - funded in 1 day (on Monday), backed by RE

    Hello all. I have a client that needs $100k funded by Monday. They have 2 pieces of RE to pledge as collateral. One they own (NOO SFH worth $939K) worth a mortgage of $560k on it located in West Palm Beach, FL, and a Primary residence located in CA worth $560k with a $400k mortgage on it.

    We have a 3rd property owned by a friend who will pledge it as collateral. It is a $139k NOO town house with no debt on it, but he is away for the weekend, so for now we are leaving it out of the picture.

    The borrower's business averages around $30k/month. They dont mind paying high rates. We just need to close the deal tomorrow.

    Her FICO is 684, 717, 732. Can anyone do anything with this deal? Direct lenders only please.

  2. #2
    Senior Member Reputation points: 2126
    Join Date
    Apr 2016
    Location
    Florida
    Posts
    133

    Not sure there is close to enough equity in either prop... plus to fund an equity deal in 1 or 2 days??? I don't think so Maybe??

  3. #3
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    try WBL lately i hear they are funding away more then ever!! if all else fails you can try us... (we fund millions to merchants under the concept of IF all else fails at other funders "send to us" ...)....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  4. #4
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by mcaguru View Post
    try WBL lately i hear they are funding away more then ever!! if all else fails you can try us... (we fund millions to merchants under the concept of IF all else fails at other funders "send to us" ...)....
    WBL will take weeks.

  5. #5
    Senior Member Reputation points: 203690
    Join Date
    Jan 2014
    Posts
    1,378

    best case scenario 10-14 business days with wbl product.

Similar Threads

  1. Real Estate Backed
    By BizDev in forum All Other Lending
    Replies: 4
    Last Post: 07-14-2017, 05:54 PM
  2. Replies: 0
    Last Post: 04-19-2017, 01:55 PM
  3. CRESTHILL CAPITAL --OPENED- Monday
    By mcaguru in forum Deal Bin
    Replies: 9
    Last Post: 06-14-2016, 11:59 AM
  4. CrestHill Capital OPENED & PRICING / 4th July Frida & Monday!
    By mcaguru in forum Merchant Cash Advance
    Replies: 1
    Last Post: 07-04-2015, 10:15 AM
  5. Shameless Cyber Monday Promotion Plug
    By Lenders.Marketing in forum Promotions
    Replies: 0
    Last Post: 12-01-2014, 12:50 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY