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01-28-2018, 01:33 PM #15
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
The reality is that these reverse consolidations should be Underwritten mindful of the ability to finding a global solution to the file. The "funder' is writing weekly checks to cover the existing advances, and receiving an amount lesser than that- providing a cash flow savings.
We have been doing that with clients for quite some time- once we get a Letter of Intent- or we know that there are assets that are unencumbered- we provide liquidity by purchasing future receivables- knowing we have the exit strategy lined up. It's a win for all involved. Brokers/ISO's get commission on what we call Bridge Funding, then also earn on the larger solution.
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