Restauraunt - $200K/mth w/ $40K bal needs competitive 2nd position
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  1. #1
    Senior Member Reputation points: 1393
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    Restauraunt - $200K/mth w/ $40K bal needs competitive 2nd position

    - $10K average daily balance
    - Decent credit
    - Looking for 12 month 2nd position
    - Paying $830 daily

    Had adjustment due to CA fires but they are on track to pay within the same original term.

  2. #2
    Senior Member Reputation points: 227882
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    Did you try Loanme? Sounds like it's right up their alley.
    They let us non-CA brokers submit Cali deals on your portal now.
    Just convince the borrower it's interest-only for a year with a balloon, rather than this 10-year amortization.

  3. #3
    If the client owns real estate, we could take a look at the file here at WBL. Feel free to shoot me an email. kcalderon@wbl.com

  4. #4
    Senior Member Reputation points: 33996
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    IOU or Quarterspot all day. But you need a CA lenders license.

  5. #5
    Restaurants (especially in a metro area) is an industry that we specialize in and fund daily
    Jayson@mradvancellc.com
    I can get you a strong second position offer

  6. #6
    Senior Member Reputation points: 54989
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    We fund Restaurants daily !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
    Noob Reputation points: 10 Dmascareno's Avatar
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    I can Help you, we are a direct lender and can go up to 4th position, contact me at 212-220-8977

  8. #8
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    Quote Originally Posted by Dmascareno View Post
    I can Help you, we are a direct lender and can go up to 4th position, contact me at 212-220-8977
    I don't know of ANY lenders that can go up to a 4th position. Secondly....adding up to a 4th positions on a restaurants will certainly have the sign changing guy making money.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  9. #9
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    Quote Originally Posted by Dmascareno View Post
    I can Help you, we are a direct lender and can go up to 4th position, contact me at 212-220-8977
    What company are you with?

  10. #10
    Senior Member Reputation points: 27981
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    Quote Originally Posted by WestCoastFunding View Post
    What company are you with?
    Appears to be someone from WBL. Might be confusing real estate position with MCA stack position.

  11. #11
    Senior Member Reputation points: 4599
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    Quote Originally Posted by Quickfunder View Post
    - $10K average daily balance
    - Decent credit
    - Looking for 12 month 2nd position
    - Paying $830 daily

    Had adjustment due to CA fires but they are on track to pay within the same original term.
    Relatively low balance... refi with Mulligan or Rapid Advance and get them a nice 1st.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  12. #12
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    If their credit card sales are at least $100,000 per month we can look at consolidating this balance and saving the merchant $100-200 per day on our credit card split program.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  13. #13
    Senior Member Reputation points: 71352
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    If your merchant is willing to overlook the 12 month term, ide like to give this deal a shot. My max is 7-8 months, but ill get you a really competitive funded amount and factor.

    Let me know if you want to try us out.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  14. #14
    Senior Member Reputation points: 1393
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    Thanks, everyone.

    Is there anyone other than IOU and QS who can do similar deals in CA? I've worked with each before and both are good but not sure who to go to for this.

  15. #15
    We fund restaurant daily, if you still need help on this file give me call. Would the client be interested in a buyout. Give me a call I will explain how it works. Have a wonderful day.


    Senior Underwriter
    Jamaal Calloway
    Wall Street Capital
    Cell-954-607-8040
    Office-954-880-1661
    e-fax-806-203-4888
    jcalloway@wallstreetcapfund.com

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