A Paper Deal getting approved for 12-18 months, wants 30 day payoff.
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  1. #1

    A Paper Deal getting approved for 12-18 months, wants 30 day payoff.

    Have a client getting approved for 12-18 month deals but only needs the money for 30 days. 100k approvals but on a 30 day payoff he will only pay 105k-110k. Need a crazy pre payment addendum. All stips on hand and merchant will sign asap.

  2. #2
    Senior Member Reputation points: 503040
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    How many points are you trying to make, cuz it would effectively be a 1.05-1.10?

  3. #3
    Open to negotiation, just trying to get the deal done.

  4. #4
    Senior Member Reputation points: 3250
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    i can try and work something were ull make a point or 2-- we'll underwrite as a reg deal but throw in a crazy pre pay..

    irving@ufsfunding.com
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  5. #5
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Quote Originally Posted by EBS View Post
    Have a client getting approved for 12-18 month deals but only needs the money for 30 days. 100k approvals but on a 30 day payoff he will only pay 105k-110k. Need a crazy pre payment addendum. All stips on hand and merchant will sign asap.
    I had a similar merchant, couldn't find any lender.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  6. #6
    Karen37a
    Guest
    I had offers like this before( convinced them out of it)...Ive never seen anyone actually make the 30 days..well actually one said he did.

    The problem is you are going to get paid almost nothing commission wise because they are going to base it off of the 30 days ....then he wont pull the trigger

  7. #7
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Try loanme if in the right state

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