[Iannad]

MCA will likely not be the way to go here, sent to numerous lenders and only got one offer for 5k but is willing to put up his house in which he has $850k paid off ($1.5+mm home). The only hiccup is he received a notice of default in July, which he has since made current (on July 24). Anybody have any advice, or is this in anybody's wheelhouse?

Ian G. Nadjari
Managing Director

Riverstrong Capital, Inc.
95 Wall Street
Floor 6
New York, NY 10005

Phone: (917) 983-9621
Email: Ian@RiverstrongCapital.com

[socalgav]

WBL got one of my clients out of foreclosure... expensive , yes. if he is current i would think they would make a go of it.

[Iannad]

Do you have a contact there you could refer me to?

Ian G. Nadjari
Managing Director

Riverstrong Capital, Inc.
95 Wall Street
Floor 6
New York, NY 10005

Phone: (917) 983-9621
Email: Ian@RiverstrongCapital.com

[Michael Slabitcher]

Anthony DeLeonardo
Vice President
Account Executive

World Business Lenders
WBL California, LLC, a Licensed California Finance Lender and Broker
#60DBO-41841

101 Hudson Street, 33rd Floor
Jersey City, NJ 07302

Direct: (646) 880-8035
Fax: (551) 267-6714
Email: adeleonardo@wbl.com

www.wbl.com

[abfunders]

WBL is a cheaper option than a hard money loan in many cases.
Client with like 8 positions (most of them paid down). WBL came in with a strong offer, very high LTV on a 2nd position on a piece of real estate their owned.

Had we gotten them a hard money loan of 9-11% interest-only for a year, it would have cost appraisal, title, lawyer fees, points, and the interest-only payments for a year. And THEN they would have needed to refinance out in a year, do appraisal/title/lawyer fees/broker fees, go through an annoying bank process of months of closing, hope their credit is still in tact, and on top of that restart their 30-year amortization (interest are higher at the beginning) so that if they sell it, they're paying more money out of pocket.

While the WBL rate was higher, the actual cost to capital (think of it like a factor rate) was much much cheaper. I had to talk the broker who submitted the file to me out of selling the hard money offer, because it wouldn't have beat WBL's actual cost to capital.

[AdvanceFund]

MCA will likely not be the way to go here, sent to numerous lenders and only got one offer for 5k but is willing to put up his house in which he has $850k paid off ($1.5+mm home). The only hiccup is he received a notice of default in July, which he has since made current (on July 24). Anybody have any advice, or is this in anybody's wheelhouse?

Ian G. Nadjari
Managing Director

Riverstrong Capital, Inc.
95 Wall Street
Floor 6
New York, NY 10005

Phone: (917) 983-9621
Email: Ian@RiverstrongCapital.com

Hi Ian, I do private hard money all around US. I'm based in NYC.

[JoeFCA]

Got this. Call me.

[Triumph Capital]

i can do real estate backed loan for about 8 to 10 percent apr contact me and we can start the process