[WestCoastFunding]

who the hell is charging a 10% fee. Yellowstone doesn't even charge that much

Oh, let me introduce you to Nanoflex and their 20% fees on their 40 day deals at 1.49 factor.

[Dcohen]

im answering everyone in one reply
Thank gd i have a great refi book and my clients always come back.
second i usually only put up to 5% fees and if im competing i make sure i cut my fee or lower my points to get there business and win the deal.
third i always work with my lenders. All the lenders who know me love working with me because i always make sure both parties are happy even if the merchant defaults i get on top of it right away.

[Dcohen]

nano is nano they do there thing

[J.Celifarco]

nano is nano they do there thing

so 20% fees are ok because nano is doing there thing? NO, this is not ok. EVER

also every time you write I ONLY put 5% fees I cringe. Using a PSF is ok depending on the deal and the situation and keeping it within reason.
The fact that after a lender put 10% fees on the deal (which is insane), you then thought adding another 5% is ok, is crazy.

[dailyfunderppt]

which lender is this?

[dailyfunderppt]

read your iso agreemnet carefully. One iso agreemnt i saw had, that if you charge a fee and the loan defaults you will be responsible for the whole payback . so if it is a 100k deal paying back 130k and you charge the guy only $500 and he goes bad , you will owe 130k . crazy

which lender is this?

[A+Paper]

so 20% fees are ok because nano is doing there thing? NO, this is not ok. EVER

also every time you write I ONLY put 5% fees I cringe. Using a PSF is ok depending on the deal and the situation and keeping it within reason.
The fact that after a lender put 10% fees on the deal (which is insane), you then thought adding another 5% is ok, is crazy.

Who else will fund your triple default trucking deal in Kansas that nobody else even bothered giving you an offer on?

They take the risk, they deserve to get paid.

[Sachs]

Make shady great again!

[ByzFunder Bus.Development]

We would be OK with you adding fees WITHIN REASON. We also do not charge anywhere near 10% in fees. I would love to work with you. Feel free to reach out so I can tell you what we offer/do and see if we fit your wheelhouse. We are 100% direct lender and pay very high commissions. Up to 18 points. Respectfully, Greg B.

Greg B.
Senior Business Development Manager
845-494-4898
isosupport@byzfunder.com

www.byzfunder.com

[Atlas Financial]

Question.

Are PSF's important because 99% of brokers are just taking submissions from other brokers and finding a home for the deal? So when the deal funds, you owe the original person the points, and the only way you can make money is charging a merchant a fee?

I feel like PSF's are not a thing for anyone who is spending real marketing dollars to generate business because 10-12% commission is going straight to your pocket..