Sub-600 FICO Transportation Company: $14K/mo Avg. Needs Equip. Fin. $25K. 10% Down.
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Sub-600 FICO Transportation Company: $14K/mo Avg. Needs Equip. Fin. $25K. 10% Down.

    Read the title again, and let me know if you can do this deal.

    Guy has 3 trucks in the fleet as of now. Looking to get 2 more.

    Has about $3-4K that he can put down. 1st truck invoice: $23,000; 2nd invoice: $25,000.

  2. #2
    Member Reputation points: 1949
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    I've funded deals with Pawnee for this type of situation but it's not cheap. Would probably be about $2328 per month on a 48 month FMV buyout. Good luck.

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by FroFunds View Post
    I've funded deals with Pawnee for this type of situation but it's not cheap. Would probably be about $2328 per month on a 48 month FMV buyout. Good luck.
    Thanks.

  4. #4
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    How soon does he want to lease this, message me for details.

  5. #5
    Member Reputation points: 28
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    Nov 2015
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    Long Beach, CA
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    Pawnee likes to see 80-100% comp credit for 24 months on avg the with the transportation industry also TIB minimum is 2+ years. They only require two payments upfront and a doc fee versus a down payment.

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