Results 1 to 9 of 9
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02-25-2019, 11:03 AM #1
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 17
Funding a Residential Loan company - best lender for this industry
100k deposits
20-40k average daily balance
750 credit
In business for 8 years
Zero balances
Best lender for this industry type?
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02-25-2019, 11:43 AM #2
Reputation points: 226466
- Join Date
- Feb 2017
- Posts
- 3,407
Best lender is a bank.
You'll make the most money with a B-funder.
How do you monetize? Email me, I'll be able to help you figure out how to do that and give you the right people to speak with.
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02-25-2019, 01:34 PM #3
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 17
Is there any lender in the MCA industry that would fund this company or is it restricted throughout?
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02-25-2019, 03:08 PM #4
Reputation points: 27404
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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02-25-2019, 06:05 PM #5
Reputation points: 10
- Join Date
- Nov 2018
- Location
- Irvine, CA
- Posts
- 1
What exactly are they looking for and for what? You should be able to attain better pricing for Balance on Hand since they average 20-40 in the account just make sure they have the most applicable on the funding date.
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02-25-2019, 06:14 PM #6
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 17
Yes
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02-25-2019, 06:15 PM #7
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 17
75-100k
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02-25-2019, 07:29 PM #8
Reputation points: 10
- Join Date
- Oct 2018
- Posts
- 17
There has to be one lender in this industry accepting this
Last edited by WallStreetFunder1; 02-26-2019 at 12:43 PM.
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02-25-2019, 08:04 PM #9
Reputation points: 503040
- Join Date
- Oct 2016
- Posts
- 4,318
A-grade paper for a residential loan company? How does that even work anyway? I’m assuming the $100K that comes into their account has slim margins. And if the fact a loan company is seeking a MCA? Yikes.
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