Results 1 to 6 of 6
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08-03-2018, 12:11 AM #1
- Join Date
- Dec 2017
- Posts
- 277
Consolidation/Buy Out
Business Type: Convenience Store.
Location: Tennessee.
Time in business: 11 years.
Merchant痴 credit score: 683.
Average monthly deposits for last 3 months: $83,000
Average daily balance for last 3 months: $2,900
3 overdrafts in last 3 months.
3 negative days in last 3 months.
Has 2 MCA positions:
1. Remaining balance is $40,000 and pays $172 per day with 12 months remaining.
2. Remaining balance is $35,000 and pays $324 per day with 5.5 months remaining.
Total daily payment: $496.
The merchant is looking to lower his payments. He doesn't want to involve tax returns because he doesn't report much. I am aware a consolidation is difficult because of the time remaining on the 1st position. A buy out of the 2nd position would work if the merchant can lower his daily by at least 50%. Your input is greatly appreciated. Thank you in advance.
Michael Sla*****er
msla*****er@sla*****er.com
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08-03-2018, 12:20 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
cresthilll wold probably make your merchant and you sing ! (but its a case by case) ...
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-03-2018, 12:44 PM #3
- Join Date
- Mar 2016
- Posts
- 657
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08-03-2018, 12:47 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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08-07-2018, 02:36 PM #5
- Join Date
- Apr 2018
- Location
- 31-10 37th Ave., Suite 202 Long Island
- Posts
- 39
We can do this deal - please submit to mj@24capital.com
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08-17-2018, 01:39 AM #6
- Join Date
- Dec 2017
- Posts
- 277
The merchant is seeking an offer to buy out the 2nd position for a term of 12 months or more. He is not rate sensitive. His main goal is to lower his daily payments.
Please contact me if you can buy out the second position with a 12 month term.
Michael Sla*****er
msla*****er@sla*****er.com
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