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09-10-2019, 05:17 PM #1Member
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Diagnostic Laboratory
I have a Diagnostic Laboratory merchant that is averaging 350K per month and is looking for 150K to 200K. the problem with this deal is the merchant owned another business 3 years ago and closed the business and filed for chapter 7 BK and defaulted on an MCA in the process. Are there any lenders that might look at a deal like this
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09-10-2019, 05:42 PM #2Veteran
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you can most likely get the merchant offers, but highly unlikely they will get $150-200K
Merchant doesn't have much negotiating wiggle room there
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09-10-2019, 05:52 PM #3Senior Member
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- Jun 2019
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Is the default and BK resolved?
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09-10-2019, 06:27 PM #4Senior Member
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- South Florida
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Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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09-11-2019, 01:26 AM #5Member
Reputation points: 10
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- Jul 2019
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- 33
Email me I can probably give him close to that amount.
Sam@cooperfunding.com
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