[Michael I]

i usually sell them on that is beyond amazing approval i will llke to read thru it with you to make sure you are not running into a trap of any upfront fees or the such and you will buy me a beer next time i am in ....
or the underwriter may match or beat if we send them the doc . 95% of the times i get it. It is ridiculous how many times it winds up being some c paper that no way in hell is doing that deal . or some other scam like its 200k but we give u 25k a month when u wind up paying it back in 2 weeks because of the daily

[RickyR3712]

I have a Merchant.

160k Is his highest Month CC Volume.
98k Lowest Month.
180kish a Month in Bank Volume, sometimes up to 200k.

Merchant has an Offer of $200k at a 1.23 - a 1.23!!!!!!!!!!
at a 12% Holdback of CC's

What LENDER is doing this!!!!! I dont know if hes getting lied to or what.

My guess is they have the wrong average put in.with a 160k average it will make it a 12 month which 1.23 is possible

[ryan $]

its not principis

[moneypenny1]

its snap no question

[ryan $]

NOT Snap Advance

Im starting to think was a scam to get the merchants processing

[ryan $]

or its MULIGAN

Mulligan did a 1.21 22 Month CC SPlit.

I see it on the bigger deals, but 200K? DOESNT EQUATE

[Yankeeman07]

I have a Merchant.

160k Is his highest Month CC Volume.
98k Lowest Month.
180kish a Month in Bank Volume, sometimes up to 200k.

Merchant has an Offer of $200k at a 1.23 - a 1.23!!!!!!!!!!
at a 12% Holdback of CC's

What LENDER is doing this!!!!! I dont know if hes getting lied to or what.

12% Hold Back of CC Processing is possible, the $200,000.00 not as believable since it is normally
an average of his last 3 months cc processing and you state his/her highest cc volume is $160K

[ryan $]

12% Hold Back of CC Processing is possible, the $200,000.00 not as believable since it is normally
an average of his last 3 months cc processing and you state his/her highest cc volume is $160K

thanks bud.
helpful.

obviously 12% holdback is possible. 3% holdback is possible.

i know how cash advances work, hence why im asking who would do an 18-20 month cc split deal was the question

[Davincinc]

I have a Merchant.

160k Is his highest Month CC Volume.
98k Lowest Month.
180kish a Month in Bank Volume, sometimes up to 200k.

Merchant has an Offer of $200k at a 1.23 - a 1.23!!!!!!!!!!
at a 12% Holdback of CC's

What LENDER is doing this!!!!! I dont know if hes getting lied to or what.

i have had a broker using a funderlink contract present a 1.25 sell to a client to get his bank stmnts, to only change it to a 1.39 and sent via docusign with a 12% psf built in. Merchant returned the money but lost the psf. I also seen Richmond contracts drafted to get borrower to submitt here stmnts. very shady.

will the merchant not share the contract with you? Did you have control over the borrower?

[ryan $]

i have had a broker using a funderlink contract present a 1.25 sell to a client to get his bank stmnts, to only change it to a 1.39 and sent via docusign with a 12% psf built in. Merchant returned the money but lost the psf. I also seen Richmond contracts drafted to get borrower to submitt here stmnts. very shady.

will the merchant not share the contract with you? Did you have control over the borrower?

He whited out the Name of Lender on Contract - He is sketched out it wont fund or i will ****it up - but i dont recognize the format of the contract even

[Davincinc]

He whited out the Name of Lender on Contract - He is sketched out it wont fund or i will ****it up - but i dont recognize the format of the contract even

the verbiage in the contract should be littered with a name of whos money it is. if not your client is making you work against yourself to work for free or give up your lender.. Hes playing you.

[ryan $]

SNAP Called for a Payoff Letter

So, apparently, It is SNAP. The deal may very well be real, at 18 Months.

The Merchant is a Merchant, I cant even get close to 200k at a 1.23 for 18 Months. I CAN'T GET CLOSE.

It has to be an IN HOUSE DEAL, and not a Broker Deal.

[ryan $]

the verbiage in the contract should be littered with a name of whos money it is. if not your client is making you work against yourself to work for free or give up your lender.. Hes playing you.

The Client isnt Playing me.
He knows I am a ****ing Problem. He knows I would probably try and Kill the deal, Or if I had a Confirmed Offer, You can get Lenders to get Competitive. He just wants his sweet 18 Month 1.23 to go through.

He sent me Page 1 of Contract and REMOVED any mention of the Lender. Even though SNAP called the current Position to verify Payoff, that is how I know.

What is Funny is SNAP Declined it for CREDIT GUIDELINES Previously.

So, Not to sure what funny business is afoot.

[Zonefund]

The Client isnt Playing me.
He knows I am a ****ing Problem. He knows I would probably try and Kill the deal, Or if I had a Confirmed Offer, You can get Lenders to get Competitive. He just wants his sweet 18 Month 1.23 to go through.

He sent me Page 1 of Contract and REMOVED any mention of the Lender. Even though SNAP called the current Position to verify Payoff, that is how I know.

What is Funny is SNAP Declined it for CREDIT GUIDELINES Previously.

So, Not to sure what funny business is afoot.

Snap backdoors. I do not send them any business. Only as my last cc split option. Please make a commotion of this and post the page of the contract the merchant sent you and their decline.

I had a deal declined by snap, 1-2 freaking weeks later they funded the merchant a 6 month 1.099. Yes 1.099. Blew my fkin mind...

[mrmrg]

Snap backdoors. I do not send them any business. Only as my last cc split option. Please make a commotion of this and post the page of the contract the merchant sent you and their decline.

I had a deal declined by snap, 1-2 freaking weeks later they funded the merchant a 6 month 1.099. Yes 1.099. Blew my fkin mind...

Not to mention they take complete control of the renewal process.