Results 1 to 3 of 3
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03-26-2019, 12:35 PM #1
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
Most aggressive first position payoff
Ive got a real estate company essentially a land lord who has a 1st position which is 25% paid down for 11 months,
Balance 42k
sell rate 1.22
qualified for 85k at time of funding, but only took 50k and unable to get an add on, do not stack clause prohibits a 2nd, who can pay off first potion and net him 40k on 12 months or higher term and offer?
No ondeck or rapid. merchant buy rates were higher then the sell rate hes on now.
Davinci
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03-26-2019, 01:23 PM #2
- Join Date
- Mar 2018
- Posts
- 110
very hard to have another funder payoff a balance that high.. Who is the first position? why is their 'do not stack clause' any more important or enforceable then any other MCA provider that gets stacked all day?
Honestly, your only hope here is Marcus. He pays double digit commissions and will stack a reverse
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03-26-2019, 01:31 PM #3
- Join Date
- Jan 2018
- Posts
- 515
Tough situation hes in... Mantis is one of the largest high risk funders in the industry, all of the top brokers submit to him. Your best bet is him.
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