Results 1 to 13 of 13
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07-23-2018, 06:24 PM #1
Fund with 33.33 ownership
As the title says who can fund with 33.33% ownership. Business 3 owner equally own 33.33%
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-23-2018, 09:45 PM #2
- Join Date
- Oct 2016
- Location
- NYC
- Posts
- 118
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07-24-2018, 11:10 AM #3
Well, it all depends on the operating agreement, thats what dictates who has financial authority and what role each owner has, Ive done deals where someone had 10% ownership but they had full control of all financial aspects, owner B & C didn't have input, nor were they liable for anything including taxes.
Most lenders go by the sec of state, for example, I can open a company for SWIFT, and just because im listed on the articles doesn't mean I have any involvement in the company, thats why its important to have the operating agreement.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
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07-24-2018, 11:55 AM #4
- Join Date
- Feb 2018
- Posts
- 1,349
you really want to have 51% on contracts if recourse needs to occur.
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07-24-2018, 12:17 PM #5
- Join Date
- Aug 2017
- Location
- Los Angeles
- Posts
- 56
CAN does like 5 % min
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07-24-2018, 12:31 PM #6
- Join Date
- Mar 2016
- Posts
- 908
Did one like this last week - hope its not the same deal. Reach out if you are interested in giving us a shot.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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07-24-2018, 12:52 PM #7Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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07-24-2018, 12:54 PM #8
- Join Date
- Feb 2018
- Posts
- 1,349
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07-24-2018, 01:33 PM #9
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07-24-2018, 02:18 PM #10
- Join Date
- Feb 2018
- Posts
- 1,349
^ and the 5% on renewals paid out 30 days after funding? That's brutal. both the amount and frequency for a sales office. if you sold a sell rate with 12 points, to drop to 5 on renewals is a massive beating on future cash flow, unless you plan on flipping deal or stacking them
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07-24-2018, 03:46 PM #11
- Join Date
- Aug 2017
- Location
- Los Angeles
- Posts
- 56
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07-24-2018, 04:07 PM #12
- Join Date
- Feb 2018
- Posts
- 1,349
^ I will concur if its the ONLY option, than go for it. The ISO will need to enroll though first and do a background check. They can't just submit the deal. Also, keep in mind, they have performance quotas to so if its the only deal you plan on sending there, don't get upset if you get cutoff for lack of deals.
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07-25-2018, 07:31 PM #13
- Join Date
- Jan 2014
- Posts
- 1,380
if they are in one of the 23 LoanMe states they can do it. go down to 25%. but just if merchant is in one of their states is the issue i always run into
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