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  1. #1
    Senior Member Reputation points: 27404
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    Dec 2015
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    Texas
    Posts
    552

    1.5m in auto vehicle titles for collateral

    Anyone recommend a lender to collateralize new vehicle auto dealer? 1.5m owned out right with 1.9m floor plan.


    Any recommendations?

    Da Vinci

  2. #2
    Why are they not just getting a 2nd floor facility and flooring some or all of the 1.5M of cars they own?

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com

  3. #3
    Senior Member Reputation points: 27404
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    Quote Originally Posted by BB_Cooper View Post
    Why are they not just getting a 2nd floor facility and flooring some or all of the 1.5M of cars they own?

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    merchant does not like the rates of the current floor plan, owner needs to get lower than the 18% they are currently paying.

  4. #4
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    if the cars are not encumbered, I don't know why someone wouldn't do this deal and place a lien on these cars. and they could clear lien on each car once sold for xx amt.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

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