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01-29-2019, 03:46 PM #1
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 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
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01-29-2019, 03:57 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
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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01-29-2019, 04:06 PM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
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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