Need a No Net Requirement Consolidation
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  1. #1
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Need a No Net Requirement Consolidation

    Placed.
    Last edited by NickHubbard; 01-25-2019 at 05:26 PM.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  2. #2
    Senior Member Reputation points: 50583
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    I have a feeling I know the file. Fundrite can take a look for a reverse - If you want a payoff of balances (depending on the order of positions and the amounts) I can assist. You need more than just an app and 6 months bank for this one
    Amanda Kingsley
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    This is me. https://www.facebook.com/whoiskingsley
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    Always Live and Lead with Integrity.

  3. #3
    If they own real estate we can help. Feel free to give me a call or shoot me an email. 212-220-3895 kcalderon@wbl.com

  4. #4
    Banned Reputation points: 11251
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    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@fundsolidation.com

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