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03-05-2019, 01:49 PM #1
Reputation points: 47257
- Join Date
- Apr 2013
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- Basalt CO
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- 867
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
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03-05-2019, 02:36 PM #2
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- Dec 2015
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- Texas
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- 552
borro
car title loan company maybe? is it a 18 wheeler truck or a pruis delivery vehicle or uber car?
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03-15-2019, 03:40 AM #3
Reputation points: 1878
- Join Date
- Jul 2014
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- 70
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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