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11-22-2019, 08:41 AM #1
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Props to both mentioned and thank you Steve_O.
Where we find we add value is when a file doesn't fit into a precise 'box'. Has it been turned down by SB? Is the collateral percentage external of what say Newtek likes? Is there an AR/Inventory CapLine dynamic? Does the owner have several K-1's and algorithm UW kicks it out?
Obviously Banks want COMPLETE documentation- and appraisals and title work takes time- but we close on average 2-3M in these types of files monthly.
Happy to review/assist if needed. -RG
BCCUSA
3237 Route 112 Suite 9
Medford, NY 11763
631-458-0100
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