Results 1 to 25 of 33
-
02-28-2018, 06:30 PM #1
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Shout out to Central Diligence Group
I want to give a special shout out to Fernando and the team at Central Diligence Group for getting a challenging file funded in one day. My merchant is a general contractor with 3-4 deposits per month (an auto decline at most places) and they got him 50K with a very competitive factor rate. The deal was done with minimal stips and super responsive underwriting. If you want to work with some real studs in the industry sign up with these guys TODAY!
www.centraldiligencegroup.comLast edited by MCNetwork; 03-01-2018 at 04:41 PM.
-
03-05-2018, 02:07 PM #2Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
-
03-05-2018, 02:42 PM #3
all good guys over there, they know what they are doing
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
03-05-2018, 03:12 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
-
03-05-2018, 03:41 PM #5
are they direct funders or a 3rd party UW consultant ?
Anthony Diamond
Underwriter
-
03-05-2018, 04:31 PM #6
- Join Date
- Oct 2016
- Posts
- 4,318
-
03-05-2018, 05:09 PM #7
- Join Date
- Jun 2015
- Posts
- 3,325
confused . how did they fund a deal for mcnetwork if all they do is the 3rd party underwriting . Are they like brokers ?
-
03-05-2018, 05:36 PM #8
- Join Date
- Dec 2013
- Posts
- 4,713
shout outs are kewl!!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
03-06-2018, 09:46 AM #9
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
CDG are 3rd party underwriters. I didn't deal with the actual funder. It's a unique relationship and they don't operate like a typical ISO. You submit a deal to them and they perform soup to nuts underwriting and "sell" the deal to the Funder who then deploys the capital. Their value add is their underwriting prowess and ability to get difficult deals done. Plus I'm sure they have preferential buy rates that an outside ISO can't get right off the bat.
Last edited by MCNetwork; 03-06-2018 at 09:49 AM.
-
03-06-2018, 10:46 AM #10
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
This section of DF has now become "Promotions"
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
-
03-06-2018, 10:47 AM #11
if they were promoting themselves then yes but if an ISO wants to give someone props for a job well done then I dont have a problem with it being here
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
03-06-2018, 11:04 AM #12
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
-
03-06-2018, 11:43 AM #13
- Join Date
- Oct 2016
- Posts
- 4,318
Dave is such a dick. Don’t be a dick, Dave.
-
03-06-2018, 11:47 AM #14
- Join Date
- Jun 2015
- Posts
- 3,325
the question is , how many times does dave need to make a fool of himself before he quits being the unofficial df police
-
03-06-2018, 11:52 AM #15
- Join Date
- Oct 2016
- Posts
- 4,318
First thing that comes to mind is the soap-beating scene from full metal jacket.
-
03-06-2018, 11:53 AM #16
- Join Date
- Jun 2015
- Posts
- 3,325
-
03-06-2018, 12:48 PM #17
- Join Date
- Dec 2013
- Posts
- 4,713
I have spoken to several Uber-Sharp 3rd party underwriting firms -- it seems they would have killed (based on systems) a majority of deals that we NOT ONLY fund daily but they would have killed a nice portion of deals that continuously re-pay us!
with that said i have never heard a bad word about Central Diligence Group!Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
03-06-2018, 03:33 PM #18
- Join Date
- Dec 2015
- Posts
- 610
-
03-06-2018, 05:26 PM #19
- Join Date
- Apr 2017
- Location
- Dallas
- Posts
- 183
So its a broker Submitting the deal to a better broker who sells the file to the funder who sells the money to the broker. Broker sells the money to the merchant
Wow this a great process Hahahhahaha
-
03-06-2018, 07:34 PM #20
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
I guess that's one way to look at it. I see it as getting a difficult deal funded quickly and efficiently by a team that I trust. And getting paid.
-
03-08-2018, 10:45 AM #21
- Join Date
- Jun 2017
- Posts
- 2,049
-
03-08-2018, 10:58 AM #22
- Join Date
- Jun 2013
- Posts
- 351
I would say the best way to describe would be similar to SmartBiz. They work with lenders, learn exactly how they want a deal to be underwritten, do all the upfront gathering, underwriting, pricing, contracting etc and when the file is complete and ready they submit it to the lender for a final review to be wired. Only major difference is I believe they actually syndicate on the deals with the lenders and the deals turn around in about the same time it would take to get an MCA funded.
-
03-08-2018, 01:03 PM #23Karen37aGuest
From what I know ( and I did not investigate so I may be wrong) Smart biz is an sba loan "faciliator" and they specialize in the non express sba 7(a) loans under 350k
There are SBA loans for various "categories" or "algorithms" over 3500 banks and credit unions and the top 100 banks that offer SBA loan based on certain criteria.
I am sure having someone with knowledge of the"algorithms" and "esoteric scoring models" helps with correct placement and speedy closings but I do not believe they are chipping in for sbas with wellsfargo/jpmorgan chase/ suntrust/tdbank etc.
Also, they have referral relationships in place that most can never achieve.
Again i never investigated it so someone can correct me if I am wrong.
-
03-08-2018, 01:30 PM #24Karen37aGuest
If you want a full explanation of where the "loans" or even mortgages, investors go after they hit the system you can ask happy hor**** if he ever logs on again.That's where it gets complicated.
Banks are selling off the "guarantee" to meet capital liquidity requirements. There are sba pool assemblers, settlement thru a transfer agent.
This is where all the "money" gets complicated and you need "investors" to take the "loans" off your hands. This is also how CDOs work and mortgage-backed securities.
-
03-12-2018, 11:26 AM #25
What an interesting model this group has. I am assuming they participate on their transactions as well, which gives them and the lender a clear incentive to reconsider certain transactions.
I'd be curious to speak with them and see how they do it. Anyone have contact info?Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
Similar Threads
-
Go Deeper with Executive and Due Diligence Investigations
By BellCapital_Jeff in forum Financial ServicesReplies: 0Last Post: 03-24-2017, 12:47 PM -
Due Diligence and Skip Tracing Solution!
By jaynyone in forum PromotionsReplies: 2Last Post: 03-11-2016, 05:24 PM -
Iou central
By 1StopFunding in forum Deal BinReplies: 6Last Post: 11-12-2015, 05:06 PM -
Borrower Diligence
By Fox in forum Business LoansReplies: 0Last Post: 07-19-2015, 01:28 PM -
Due Diligence Fee: Yay or Nay?
By JSL23 in forum Merchant Cash AdvanceReplies: 25Last Post: 06-26-2014, 03:14 PM