Results 1 to 25 of 71
Threaded View
-
11-18-2016, 04:33 PM #39
Here's an example of a deal I am working on:
- Borrower has 9 cash advances between the 4 companies they own.
- They use the advances to buy product at a heavy discount, resell in bulk at a significant markup, and recycle the funded capital back into more product.
- We have offered $750,000 to pay off 6 of their 9 cash advances, which will lower their payment by $300,000 per month.
- Our cost of capital is significantly lower than the 6 cash advances we are paying off.
- We are funding the deal with a 2nd position lien against their primary residence.
No one else can do this in the hard money OR the MCA space, and it will benefit the client massively. The broker is also making enough to buy a house in certain states. It is a viable product with huge utility. I understand some people do not understand our product VS On Deck, CAN, or BFS... and truly, they aren't our competitors. We are not fighting for that segment of the market.
John, you know I have respect for you. You are a knowledgeable individual in the space and understand a variety of products you can ethically guide your borrowers towards. Our product CAN be a useful armament in that endeavor. In many cases, I will FLAT OUT TELL my brokers... "Dude, just take this deal to On Deck. The borrower qualifies for their product and they will fund it faster."Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
Similar Threads
-
Help: # of ISOs / Brokers?
By SMBLoans in forum Merchant Cash AdvanceReplies: 4Last Post: 06-12-2014, 05:41 PM -
A Peek Into Stephen Sheinbaum's Crystal Ball: A Look At The Future Of Small Business
By CO1 in forum Merchant Cash AdvanceReplies: 19Last Post: 06-11-2014, 08:15 PM -
Where brokers go to make money
By bdshaw in forum Business LoansReplies: 4Last Post: 03-24-2014, 11:30 AM -
Where brokers go to make money
By bdshaw in forum Merchant Cash AdvanceReplies: 6Last Post: 03-18-2014, 05:00 PM -
Factoring Future Intellectual Property Income
By skideeppow in forum Merchant Cash AdvanceReplies: 0Last Post: 04-17-2013, 05:14 PM