I hate IOU - Page 2
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  1. #26
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    Quote Originally Posted by ryan $ View Post
    For an Update just to Everyone.
    SOS was great to work with. I kind of shy away from them for being Stip Heavy, but when you need good Rates, the stips are totally worth it. The Underwriter Sam has been great to work with. Dave was Great. All in all, Smooth and Easy.

    Site Inspection Done, all Stips Satisfied, Funding Call being completed as we speak and wire going out today.

    And best of all since he Stacked we can get him away from the 1st Position Lender (Which was IOU as well BTW) and Hopefully have him for a while.
    Goodjob Ryan.

    Out of curiosity, in new deals, how many do you fund total on a monthly basis??

  2. #27
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    Sorry to ask i am just curious to see which playing you're on.

    Sam from SOS is the best uw there.

  3. #28
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    2-5 Million a month

    Not sure the relevancy but..... Percentage of that is Prob 70/30 New/Renewals or Addons
    Last edited by ryan $; 11-05-2018 at 11:22 AM.

  4. #29
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    New Title:
    I Love SOS, LOL

    From Merchant: In 4 Months I look forward to seeing what you can do for the 1st Position. Make sure you call me because I know IOU will be calling me, they always do when i am 60% Paid in.

    He will be about 70% Paid in when this 2nd we just Funded him on Friday is Paid Off (with his plans to get the 1.13 Obviously) So Hopefully SOS Can continue this beating of IOU and take over the 1st Positon.

  5. #30
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    Just Giving another Shoutout to SOS.

    This very same Merchant paid off IOU Yesterday. And SOS was able to do 300k, 6 Months at a 1.10 (With Rapid Payoff Structure) To Beat out IOU's Renewal Offer for the Merchant.

    Also, the Merchant called SOS Directly, and SOS did what ever funder should and contacted me, and sent the renewal contract to me.

    It just went full Circle on this post, from looking for an offer, to funding, and now Renewing.

    Merchant on the phone said "My Guy at IOU is so mad, he hates you" - It's just funny my post started as "I Hate IOU" lol - and now they hate me.

    I actually love both companies though, in this case moreso SOS, if i was the broker at IOU id obviously prob love IOU

  6. #31
    Senior Member Reputation points: 2496
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    Quote Originally Posted by ryan $ View Post
    Just Giving another Shoutout to SOS.

    This very same Merchant paid off IOU Yesterday. And SOS was able to do 300k, 6 Months at a 1.10 (With Rapid Payoff Structure) To Beat out IOU's Renewal Offer for the Merchant.

    Also, the Merchant called SOS Directly, and SOS did what ever funder should and contacted me, and sent the renewal contract to me.

    It just went full Circle on this post, from looking for an offer, to funding, and now Renewing.

    Merchant on the phone said "My Guy at IOU is so mad, he hates you" - It's just funny my post started as "I Hate IOU" lol - and now they hate me.

    I actually love both companies though, in this case moreso SOS, if i was the broker at IOU id obviously prob love IOU
    Thanks for the shoutout!
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

  7. #32
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    Quote Originally Posted by ryan $ View Post
    Just Giving another Shoutout to SOS.

    This very same Merchant paid off IOU Yesterday. And SOS was able to do 300k, 6 Months at a 1.10 (With Rapid Payoff Structure) To Beat out IOU's Renewal Offer for the Merchant.

    Also, the Merchant called SOS Directly, and SOS did what ever funder should and contacted me, and sent the renewal contract to me.

    It just went full Circle on this post, from looking for an offer, to funding, and now Renewing.

    Merchant on the phone said "My Guy at IOU is so mad, he hates you" - It's just funny my post started as "I Hate IOU" lol - and now they hate me.

    I actually love both companies though, in this case moreso SOS, if i was the broker at IOU id obviously prob love IOU
    what do you get for 1.10 6 months as a comm fee? do you have to charge your own PSFs to merchant?

  8. #33
    Senior Member Reputation points: 2496
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    Quote Originally Posted by fundingsmbs View Post
    what do you get for 1.10 6 months as a comm fee? do you have to charge your own PSFs to merchant?
    Commission was built in.
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

  9. #34
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    What Would You Do for a Klondike Bar? https://www.bing.com/videos/search?q...9F&FORM=WRVORC

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