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02-21-2020, 03:16 PM #1
- Join Date
- Jan 2018
- Posts
- 92
Small non profit deal looking for $10k
Hey guys,
This deal is definitely not attractive, but I wanted to give it a shot just in case.
He does a lot of deposits, but is only showing about $8k - $12k a month.
Credit is in mid 5s, and low ending balances as well as multiple nsfs in bank statements.
$10k may be a stretch but maybe a starter program?
He paid off Last chance and Bitty and I don't have many lenders that do these types of deals especially on a 1st position.
Let me know if anyone is out there and FYI I already tried Mantis and got a decline
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02-21-2020, 05:06 PM #2
Run it back with Bitty
10 is a stretch 50/75 % is usually the most you'll get
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