Most aggressive first position payoff
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  1. #1
    Senior Member Reputation points: 27404
    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
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  2. #2
    Senior Member Reputation points: 31511
    Join Date
    Mar 2018
    Posts
    110

    Quote Originally Posted by Davincinc View Post
    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
    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

  3. #3
    Senior Member Reputation points: 77488
    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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