Assett lending
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  1. #1
    Senior Member Reputation points: 47257
    Join Date
    Apr 2013
    Location
    Basalt CO
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    Assett lending

    I have a small merchant looking to leverage his vehicles and he is working with Willshire consumer credit. He has two vehicles, they are giving him two separate loans on them.
    Going out 48 months. That is a long term.

    Anyone here able to leverage hard assets and go out that long?

    Thanks for any input.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    borro
    car title loan company maybe? is it a 18 wheeler truck or a pruis delivery vehicle or uber car?

  3. #3
    It's not impossible, but difficult generally speaking. It will be heavily dependent on the specs of the collateral, ie- purchase year / price / condition.. current / market value vs debt (if any). They'll also need banks that can justify the repayment amount / qualified overall UW. If you still need help on this PM me, I can point you in the right direction. But I'll level with you.. these tend to be time consuming and lower end of the spectrum in respect to closing ratio.

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