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  1. #1
    Senior Member Reputation points: 91418
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    How to get poor

    Fund crappy deals.

  2. #2
    Senior Member Reputation points: 10484
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    Recently un-retired, "shocked" that nothing has changed.
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    Plenty of the default lenders are rolling in dough.

  3. #3
    Senior Member Reputation points: 12684
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    Think about it like this:

    Investor gives you 1M to fund deals. Take that 1M and put it into ****ty deals with "Underwriting Fees" of 10%, you just made yourself a $100k.

    (This is not including management fee's, comm and deals that make full RTR)

  4. #4
    Senior Member Reputation points: 676
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    Feb 2017
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    I wonder how many of those investors make any money with those funders
    PDM Capital
    39 Broadway
    New York, NY 10006
    646-876-1055

  5. #5
    Senior Member Reputation points: 54975
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    It all catches up. Looks very easy .. Managing and building successful funding firm is like building the Perfect Swiss Watch --- that has many Supercomplication that must interact with one another with a center wheel you have the valves and Oscillation and so on.... 1 off and it eventually wont pull the Feb 29 sometimes it takes time (no pun intended) to realize that its not going to work out. funding amounts per day is perhaps just the chime of the watch but it wont tell you about the inner wheels and balances being off.
    Last edited by mcaguru; 01-17-2020 at 02:41 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  6. #6
    Quote Originally Posted by mcaguru View Post
    It all catches up. Looks very easy .. Managing and building successful funding firm is like building the Perfect Swiss Watch --- that has many Supercomplication that must interact with one another with a center wheel you have the valves and Oscillation and so on.... 1 off and it eventually wont pull the Feb 29 sometimes it takes time (no pun intended) to realize that its not going to work out. funding amounts per day is perhaps just the chime of the watch but it wont tell you about the inner wheels and balances being off.
    Wow Marcus.
    You've inspired me to try a metaphor of my own with something I know everything about

    Running a funding company is like maintaining a Ferrari. There's a steering wheel and then you've got that thing... with the power... right, the engine. The pistons make the engine thing go vroom and screws for the wheels are also a thing (I know a lot about cars). If even a single wheel is missing the car will just look pretty and can't be driven -- unless there's a scratch on it and someone painted it bright pink-- in which case it won't look pretty. The key to fueling a great funding shop is all about the nuts and bolts

    In closing
    • Send me deals
    • how do I even have time for this with all these DEALS we're funding!
    • I can compete with Ondeck and Square
    • Wow so many Iso's
    • You hate us cuz you ain't us

  7. #7
    Senior Member Reputation points: 503040
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    4,319

    Quote Originally Posted by A+Paper View Post
    Plenty of the default lenders are rolling in dough.
    A deal is only crappy if the rate doesn’t match risk, and you don’t have solid collections

  8. #8
    Senior Member Reputation points: 10484
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    Quote Originally Posted by WestCoastFunding View Post
    A deal is only crappy if the rate doesn’t match risk, and you don’t have solid collections
    Hence the 1.49 FR and "unorthodox" collections practice.

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