Results 1 to 5 of 5
-
07-16-2018, 03:59 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Collateral Based Loans
I have a pawn shop i opened up with merchant processing. He wants to do 12 -18 month loans backed with collateral.
So he said that pawn shops in Colorado can not go out more than 30 days.
Who here would be willing to write these deals, loans that are backed with collateral (house vehicle etc) and go out 8-12 months.
THanks for any input.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
-
07-16-2018, 07:24 PM #2
if they are residential non owner occupied properties, then we could assist, as long as its not rural.
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
-
07-16-2018, 07:25 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Challenge is that the collateral is so transient. There are Funders on this forum that have funded Gold Exchanges which are essentially similar business models. If they do not reach out directly feel free to PM me.
RG
-
07-19-2018, 03:08 PM #4
- Join Date
- Jun 2018
- Posts
- 36
Collateral Based Loans
Pledgecap?
-
07-19-2018, 03:14 PM #5
- Join Date
- Feb 2017
- Posts
- 3,463
Pledgecap is one step better then a pawn shop for borrowers with big items.
A pawn shop keeps the stock on the shelves - that's the point.
Pledgecap takes them off the shelves - and most things on the shelves of a pawn shop, pledgecap won't touch.
Of course, if it's the car/house, then he should go the SBA route. Pledgecap might help for the car, but he's not going to give up his car for 12 months.
Similar Threads
-
Need Collateral Based Loan Against Day Cruise Vessel
By NickHubbard in forum Deal BinReplies: 11Last Post: 01-12-2016, 08:48 AM -
Any Lenders doing Collateral Based Loans on Semi Trucks?
By NickHubbard in forum Deal BinReplies: 15Last Post: 01-05-2016, 02:08 PM -
Sba loans/real estate/assett based loans
By getlikwid247 in forum Business LoansReplies: 9Last Post: 11-10-2014, 09:45 PM -
Collateral / asset based needed
By SimplyMark in forum Deal BinReplies: 0Last Post: 09-02-2014, 09:50 AM -
Asset Based Loans / Using items as collateral
By Sean Cash in forum All Other LendingReplies: 20Last Post: 07-19-2014, 02:00 PM