Who Comes Behind a Reverse Consolidation?
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  1. #1

    Who Comes Behind a Reverse Consolidation?

    Hi Everybody.

    I have a couple of deals that the merchant has a revers consolidation in the account and he is looking for addtional capital

    Which lender will give them capital? or will i have to wait untill the revers is over?

    Thanks in advance

  2. #2
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    Mantis
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

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  4. #4
    Quote Originally Posted by mcaguru View Post
    Mantis
    What a guy.

  5. #5
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    Quote Originally Posted by mcaguru View Post
    Mantis
    Marcus previously:

    “Mantis does not do business with ISOs who coach merchants to engage in conduct that would breach other funders’ contracts and put their capital at risk,”

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    Mantis, lol

  7. #7
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    Yes we fund all scenarios. Usually hours after the submission!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  8. #8
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    Quote Originally Posted by mcaguru View Post
    Yes we fund all scenarios. Usually hours after the submission!
    So you fund merchants with reverses - even if it breaches others contracts?

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    We fund merchants that's correct. By the time this post goes from Draft to the board we probably funded another merchant (and an ISO will get a nice commission).
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  10. #10
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    Every time i have a file that has a reverse in it.I have to suck it up and fund it with mantis.

  11. #11
    Be careful because the existing reverse consolidation may have a no stacking clause and the merchant may get hit with a fine

  12. #12
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Golly, is there anything mantis can't fund?

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    *Stops crediting account*

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    Quote Originally Posted by DTFdowntofund View Post
    Golly, is there anything mantis can't fund?
    They don’t fund their ISO reps. We have to feed them one 3% PSF at a time.

  15. #15
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Quote Originally Posted by WestCoastFunding View Post
    They don’t fund their ISO reps. We have to feed them one 3% PSF at a time.
    Mantis is as good at funding as Knight is at answering the phone.

  16. #16
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    Quote Originally Posted by DTFdowntofund View Post
    Mantis is as good at funding as Knight is at answering the phone.

    Mantis is Where America's Commercial Finance Brokers, Including many of the Largest Direct Funders (with internal sales-team) choose to fund their Subprime Clients. Since you bring up knight since ReadyCap Acquisition anyone see anything different ?
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  17. #17
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    Quote Originally Posted by mcaguru View Post
    Mantis is Where America's Commercial Finance Brokers, Including many of the Largest Direct Funders (with internal sales-team) choose to fund their Subprime Clients. Since you bring up knight since ReadyCap Acquisition anyone see anything different ?
    You need to go back to high school and get punched in the face more.

  18. #18
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    Last edited by mcaguru; 11-19-2019 at 06:15 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  19. #19
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    Quote Originally Posted by mcaguru View Post
    Mantis is Where America's Commercial Finance Brokers, Including many of the Largest Direct Funders (with internal sales-team) choose to fund their Subprime Clients. Since you bring up knight since ReadyCap Acquisition anyone see anything different ?
    What a Pumper LOL

  20. #20
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    Knight seems to now be doing background after signed docs similar to mantis which really sucks

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    I swear a comment i made on this thread was deleted.

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    I know of a funder who offered a nice offer on a merchant with a reverse consolidation and his name was not MCAGURU/billionsandbillions/marcus. Is there a reason why some funders wouldn't want to fund a reverse?

  23. #23
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    Quote Originally Posted by Fetachini View Post
    I know of a funder who offered a nice offer on a merchant with a reverse consolidation and his name was not MCAGURU/billionsandbillions/marcus. Is there a reason why some funders wouldn't want to fund a reverse?
    Because the reverse consolidation company will find them in default and stop making deposits to cover payments.

  24. #24
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    am i the only one who cant fund with mantis? they give nice offers but always kill it. legit send them

    5-10 deals a week get offers on half and they never ever fund.

    could be me but im curious if anyone else has this experience

  25. #25
    We can
    Warm Regards,

    Business Development Dept
    Lifetime Funding
    Direct: (516) 604-0601
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