6 Open Positions
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  1. #1

    6 Open Positions

    Good Morning DF,

    I'm sure I already know the answer but I'm going to put it out there and see if there is a sliver of hope that something can be done. Have a merchant that installs flooring in high end homes, last 3 month average is 144K in deposits, the kicker, has 6 positions open with total MCA debt of 124K paying 73K a month in payments. Merchant has 600 FICO and NO collateral.

    DM me if you have something worthy. I would have no issue putting my contact info out there but unfortunately getting slammed with phone calls from shops Ive never heard of is a bit annoying.

    Thanks, have a great day.

    John Lehmann
    AllCap Financial

  2. #2
    Senior Member Reputation points: 338677
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    Yikes! 6 positions, construction related, subject credit, and no collateral.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
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    73k a Month - On 144 in Deposits.

    My last stop for deals is Main Street. They need 50% Debt Ratio.

    Which your guy here is past.

    Its safe to say this file is a NO GO.

  4. #4
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    Quote Originally Posted by ryan $ View Post
    73k a Month - On 144 in Deposits.

    My last stop for deals is Main Street. They need 50% Debt Ratio.

    Which your guy here is past.

    Its safe to say this file is a NO GO.
    Not at all. Chrome will stack it. He stacks anything.

  5. #5
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    a reverse consolidation may open up some cash flow for merchant depending on terms of current ones. if there is 6 i am assuming positions 2-6 are short term 3-6 monthers so could be possible. There few lenders on here that claim to do them.

  6. #6
    Senior Member Reputation points: 48369 stackcity_4208's Avatar
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    yikes!!!

  7. #7
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    That file belongs in the trash.

  8. #8
    Chrome would do something. Send them the current balances.

  9. #9
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    Quote Originally Posted by AllCap View Post
    Good Morning DF,

    I'm sure I already know the answer but I'm going to put it out there and see if there is a sliver of hope that something can be done. Have a merchant that installs flooring in high end homes, last 3 month average is 144K in deposits, the kicker, has 6 positions open with total MCA debt of 124K paying 73K a month in payments. Merchant has 600 FICO and NO collateral.

    DM me if you have something worthy. I would have no issue putting my contact info out there but unfortunately getting slammed with phone calls from shops Ive never heard of is a bit annoying.

    Thanks, have a great day.

    John Lehmann
    AllCap Financial
    If you need a 10-12 month reverse w/ 0 closing costs, pm me. 10 pts and you'll get paid on every clip. No real estate required.

  10. #10
    does he work for GC or directly with residents?
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  11. #11
    Senior Member Reputation points: 48369 stackcity_4208's Avatar
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    Quote Originally Posted by AllCap View Post
    Good Morning DF,

    I'm sure I already know the answer but I'm going to put it out there and see if there is a sliver of hope that something can be done. Have a merchant that installs flooring in high end homes, last 3 month average is 144K in deposits, the kicker, has 6 positions open with total MCA debt of 124K paying 73K a month in payments. Merchant has 600 FICO and NO collateral.

    DM me if you have something worthy. I would have no issue putting my contact info out there but unfortunately getting slammed with phone calls from shops Ive never heard of is a bit annoying.

    Thanks, have a great day.

    John Lehmann
    AllCap Financial
    John you should check out Lending Valley for this file

  12. #12
    We might do it

    Sam Weiss
    ‪201.574.7388‬
    sam@cooperfunding.com

  13. #13
    Senior Member Reputation points: 48369 stackcity_4208's Avatar
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    Quote Originally Posted by AllCap View Post
    Good Morning DF,

    I'm sure I already know the answer but I'm going to put it out there and see if there is a sliver of hope that something can be done. Have a merchant that installs flooring in high end homes, last 3 month average is 144K in deposits, the kicker, has 6 positions open with total MCA debt of 124K paying 73K a month in payments. Merchant has 600 FICO and NO collateral.

    DM me if you have something worthy. I would have no issue putting my contact info out there but unfortunately getting slammed with phone calls from shops Ive never heard of is a bit annoying.

    Thanks, have a great day.

    John Lehmann
    AllCap Financial

    wow, maybe a reverse to save him

  14. #14
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    Quote Originally Posted by Zonefund View Post
    If you need a 10-12 month reverse w/ 0 closing costs, pm me. 10 pts and you'll get paid on every clip. No real estate required.
    you can do reverses out to 12 months?

  15. #15
    Quote Originally Posted by mrmrg View Post
    That file belongs in the trash.

    Uuuh, basically.

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