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02-19-2019, 04:16 PM #26
Reputation points: 86941
- Join Date
- Feb 2018
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this has happened before. can capital lost their credit line with Wells and laid off most employees. They eventually came back but in the interim, brokers had to shuffle all their deals to other funder's. If they lost their line, its not a good sign. This industry is volatile and really shows that anyone at anytime can stop funding. Spread your deal flow to multiple companies and don't chase just 1. There have been enough stories to warrant this statement and caution for building folios.
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