Small non profit deal looking for $10k
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  1. #1

    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

  2. #2
    Member Reputation points: 499 FifthVenture's Avatar
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    Mar 2019
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    Massachusetts
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    Run it back with Bitty
    10 is a stretch 50/75 % is usually the most you'll get

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