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  1. #1
    Member Reputation points: 17
    Join Date
    Jul 2018
    Location
    Ft lauderdale, FL
    Posts
    37

    Real estate

    Hey All,

    I have a merchant in the real estate fix and flip niche that is looking for 30-50k and is willing to use real estate as collateral.

    He does about 20k a month, owns a property free and clear that is valued at about 65k

    No MCA balances, tax liens, or hx of bankruptcy

    His CS is just under 600

    I wanted to send him to a couple of places but due to his credit score and annual revenue, he does not qualify

    Can anyone help? Thanks!

  2. #2
    Hello Nikki!

    I'd love to help out. This sounds like a perfect deal for us at WBL. We base our pricing on the collateral more than the deposit volume.

    Give me a call or an email

    929-361-4156

    dfite@wbl.com

  3. #3
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Mantis has funded Fix and flip business model using the merchants cash flow. NOT THE RE
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  4. #4
    Senior Member Reputation points: 84416
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,947

    Quote Originally Posted by Nikki96 View Post
    Hey All,

    I have a merchant in the real estate fix and flip niche that is looking for 30-50k and is willing to use real estate as collateral.

    He does about 20k a month, owns a property free and clear that is valued at about 65k




    No MCA balances, tax liens, or hx of bankruptcy

    His CS is just under 600

    I wanted to send him to a couple of places but due to his credit score and annual revenue, he does not qualify

    Can anyone help? Thanks!
    Need additional details, call me
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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