Results 1 to 13 of 13
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09-27-2018, 11:50 AM #1
- Join Date
- Sep 2018
- Posts
- 6
12 months term on 2nd position deal?
Can anyone get a 12 months term on second position ? He got pretty descent statements and credit score.
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09-27-2018, 11:53 AM #2
- Join Date
- Feb 2017
- Posts
- 3,455
Try VitalCap
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09-27-2018, 12:24 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital has a desk that funds these with ease. (new product).
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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09-27-2018, 12:46 PM #4
- Join Date
- Sep 2018
- Location
- Indianapolis
- Posts
- 29
I got a few spots and pay 80/20 when I broker for other ISO's contact me, I will contact all my sources, and start a a bidding war with the file! I am interested on how the statements look, any credit card processing? When did they take on the first? percentage to revenue? Did he put the money to work on the first position? What does he need the second for?
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09-27-2018, 01:04 PM #5
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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09-27-2018, 04:20 PM #6
- Join Date
- Oct 2015
- Location
- NYC
- Posts
- 119
We offer aggressive 2nd positions and if we really like the file we have the ability to go out 10-11 months on a 2nd. We actually prefer 2nd's and the higher the tier of the funder out in front the more aggressive we will be with the offer. Feel free to reach out.
Kermit Tolbert
Business Developer
Arcarius
Direct-(201)484-8548
kermit@arcariusfunding.com
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09-27-2018, 04:30 PM #7
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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09-27-2018, 04:38 PM #8
- Join Date
- Feb 2017
- Posts
- 3,455
Ron and Daniel are great guys, don't know if it's a white label or syndication, or if they're using SFS's platform.
At the end of the day, they showed up on a bank statement of a potential client of mine, and when I did the calculation of the daily backwards and rate, I realized that it was a 12-month term to get at the rate, I signed up.
Quarterspot and IOU may go out that far on 2nd positions as well if the credit score really is there.
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09-28-2018, 12:57 PM #9
- Join Date
- Sep 2018
- Posts
- 21
Hey Gary,
Loanme's flexibility gives the borrower as much or as little time needed for payback and we also offer multiple positions.
Feel free to reach out to us for more details!Jason Chalarca
LoanMe, Inc
949-535-7162
Email: jason.chalarca@loanme.com
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
Website: https://www.loanmebusiness.com/
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09-28-2018, 01:26 PM #10
- Join Date
- Apr 2015
- Posts
- 42
Thanks for the good word, Micah.
The Colonial platform has been an unbelievable tool during our first years as a young funder. Although some of our older files/renewals are still being serviced on that platform, we currently service and fund our deals internally.
For those of you who are not yet familiar with Vital, we focus primarily on strong 2nd/3rd positions (B-C), although, in some cases, we'll offer very competitive 1st positions.
- no inside sales team
- full underwriting prior to offers
- soft credit pulls
- same commish on renewals
- communication, communication, communication
Shoot me an email for full guidelines & ISO package.
Happy holidays / great weekend,Ron Hizkiyahu
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 212.994.6996 Ext.101 | F. 646.219.7949
ron@vitalcapfund.com
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09-28-2018, 01:28 PM #11
- Join Date
- Jun 2017
- Posts
- 2,049
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09-29-2018, 11:23 AM #12
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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09-30-2018, 09:37 PM #13
- Join Date
- Nov 2014
- Posts
- 76
I second this. After 4 years in the industry and trying a lot of new funders, you realize there's only a few funders and people that you can truly trust. Vital definitely fits into that category for me. I find that Vital will look at each individual deal a bit more subjectively than other funders and if they like the deal, will put out really strong 2nd position offers. I've seen 6 to 12 month 2nd positions from them with very reasonable stip lists. Never had an issue with a deal getting back doored and always paid on renewals.
Allen/Upperline Capital
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