Subcontractor Seeking reconsolidation with weekly payment
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  1. #1

    Subcontractor Seeking reconsolidation with weekly payment

    Merchant does 120k a month.

    Merchant owes Lendr 76k, and paypal 26k.

    Paypal is a weekly payment. Would like to lower their payment with lendr and get on a weekly. Who can fund?

  2. #2
    Crown should possibly be able to get you the best deal here.
    please send this file asap to my email below.

    Best regards

    Jacob Lew

    Office (718) 215-7006
    Fax (718) 732-2173
    jacob@crownfundinggroupinc.com
    www.crownfundinggroupinc.com

  3. #3
    Senior Member Reputation points: 6544
    Join Date
    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    271

    We could be a player on this one. Send it over and we'll underwrite or shoot me a ring if you want to discuss the deal further.

    Thanks!

    Jeff Pecori
    ISO Relations manager
    VitalCap Fund
    48 Wall St. New York, NY 10005
    P. 850.630.7509
    F. 646.219.7949
    jeff@vitalcapfund.com

  4. #4
    Senior Member Reputation points: 18402
    Join Date
    Apr 2014
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    781

    A default is upon. Us

  5. #5
    Senior Member Reputation points: 16709
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    Jul 2014
    Location
    Jackson Hole Wy
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    727

    Quote Originally Posted by CashAdvanceKing View Post
    Merchant does 120k a month.

    Merchant owes Lendr 76k, and paypal 26k.

    Paypal is a weekly payment. Would like to lower their payment with lendr and get on a weekly. Who can fund?
    HOw much in AR do they have? Perhaps a line of credit would work best if they have the AR to support larger

  6. #6
    Senior Member Reputation points: 71352
    Join Date
    Mar 2016
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    904

    Quote Originally Posted by CashAdvanceKing View Post
    Merchant does 120k a month.

    Merchant owes Lendr 76k, and paypal 26k.

    Paypal is a weekly payment. Would like to lower their payment with lendr and get on a weekly. Who can fund?
    This seems like a very fundable deal, but the merchant has an unrealistic expectation. This sounds like a really awesome 3rd position deal, or a really good 2nd position deal paying off Paypal. But Paypal is top notch so i don't think the merchant would want to get rid of them.

    Lendr's balance is just too high in my opinion. Maybe merchant takes a 3rd until the balance is low enough to pay them off which should happen come refi time? Let me know your thoughts on this.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

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