Reverse Consolidations
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  1. #1
    Banned Reputation points: 11251
    Join Date
    Jan 2017
    Location
    New York, NY
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    59

    We provide Bridge Capital and Reverse Consolidations for our clients as a DIRECT FUNDER (purchase of future receivables). Our Underwriting however, is not determined on average daily balances, # of positions, or net requirements- or even whether or not the client has modified payments or defaulted. We are determining the viability of placing the file into a long-term credit facility. Accordingly we need to see:

    2018 YE Profit and Loss and Balance Sheet
    2017 Corporate and Personal returns of Principals
    Debt schedule listing all MCA payments and balances
    Application and last 6 banks statements

    If the clients resist on providing this information we cannot do our due diligence to assist them. Our Originators will be paid on both the Bridge/Consolidation AND and the placement of the long-term credit facility. So conceivably partners can get paid twice on stacked/default files.

    Feel free to touch base to learn more.

    Roger Resides, COO
    Fundsolidation
    85 Broad Street
    NY, NY 10001

    roger@fundolidation.com

  2. #2
    Senior Member Reputation points: 50583
    Join Date
    Jul 2014
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    965

    Quote Originally Posted by WCC_NYC View Post
    We provide Bridge Capital and Reverse Consolidations for our clients as a DIRECT FUNDER (purchase of future receivables). Our Underwriting however, is not determined on average daily balances, # of positions, or net requirements- or even whether or not the client has modified payments or defaulted. We are determining the viability of placing the file into a long-term credit facility. Accordingly we need to see:

    2018 YE Profit and Loss and Balance Sheet
    2017 Corporate and Personal returns of Principals
    Debt schedule listing all MCA payments and balances
    Application and last 6 banks statements

    If the clients resist on providing this information we cannot do our due diligence to assist them. Our Originators will be paid on both the Bridge/Consolidation AND and the placement of the long-term credit facility. So conceivably partners can get paid twice on stacked/default files.

    Feel free to touch base to learn more.

    Roger Resides, COO
    Fundsolidation
    85 Broad Street
    NY, NY 10001

    roger@fundolidation.com
    Hey! Another Weworker! Where are you at? I'll have my guy come check you guys out.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  3. #3
    Senior Member Reputation points: 50583
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    Quote Originally Posted by WhoisKingsley View Post
    Hey! Another Weworker! Where are you at? I'll have my guy come check you guys out.
    Wait hold on...Richard Gerard - BUSINESS CAPITAL CONSULTANTS CORP. Sorry - Let google show real names...


    Google is my best friend.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

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