Results 1 to 13 of 13
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07-31-2019, 02:36 PM #1
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paying off positions and coming in as a 2nd????
any funders out there that will pay off a 2nd and 3rd position (approximately 420k balance between the two of them) and come in as a 2nd position behind affinity capital (they have an 800k balance)
doubtful but i wanted to check and see if anyone is entertaining deals like this
Merchant is doing about 1.7m a month, avg balances of 75-100k
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07-31-2019, 02:41 PM #2
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I'm assuming that you aren't trying to do anything other than a cash advance. The answer is "yes, I know someone who can do it, all things being equal" and I'd be happy to co-broker with you if you'd like to.
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07-31-2019, 02:45 PM #3
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i appreciate it, at this point, i already am co-brokering it with my coworker. we did a deal with this guy already for 200K. so i do not know how much room there is for more people on the commission. really just looking for a suggestion of a reputable funder that can actually fund a deal like this. thank you though
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07-31-2019, 03:05 PM #4
Your deal your call but what you are looking for seems to be highly unlikely. If you have someone who may be able to get this done is worrying about the commission the best question to be asking? A small piece of something is better then a big piece of nothing. There is nobody in the MCA space who will do what you are looking for. Unless you have contacts with other types of financing options this wont get done.John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-31-2019, 03:08 PM #5
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if it is highly unlikely to get done, why would i send it around for someone if it is not even possible?? I would gladly give up a piece of the commission to get it done if I knew it was going to get done, just not trying to send around this deal to be sent out to other companies. this ain't my first rodeo
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07-31-2019, 03:16 PM #6John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-31-2019, 03:23 PM #7
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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
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07-31-2019, 03:28 PM #8
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Nobody is paying off any big balances. Especially to take 2nd
Merch is just asking as a courtesy before he defaults
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07-31-2019, 03:30 PM #9
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07-31-2019, 03:32 PM #10
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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
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07-31-2019, 03:48 PM #11
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07-31-2019, 03:52 PM #12
Reputation points: 338677
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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
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07-31-2019, 04:07 PM #13
Reputation points: 26419
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