Need a Funder or Vendor? START HERE

Results 1 to 3 of 3
  1. #1
    Senior Member Reputation points: 30475 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,732

    Lender Referral

    Hey everyone, hope you're all doing well.

    I haven't been on this board much lately -- obviously Covid has been a tumultuous time for us all.

    Thankfully my shop has recovered and is doing pretty well.

    I stumbled across a new lender that has rapidly become my largest source of revenue. As of today, I am their only broker.

    They've asked me if I knew 2-3 ISO's that I could refer them that I know and trust.

    I've reached out to a few, but it seems like all of their volumes are down in the dumps right now (understandable).

    As a favor to them I'd like to see if anyone here would be interested in working with a new "A" paper funder that is killing it for me. They are my top funder by far, and I have nothing negative to say about them.

    Let me know if anyone is interested in speaking with them.

    -Zach
    562-391-7099 (text only please)
    zramirez@usacapitalco.com
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  2. #2
    Senior Member Reputation points: 5036 DiamondBL's Avatar
    Join Date
    Oct 2015
    Location
    Beverly Hills, CA
    Posts
    203

    Good to hear! What is their "A" paper look like? What types of terms to they issue?
    Jonathan Kohanoff
    B.R.E. #01962090

    Diamond Business Loans
    Beverly Hills, CA 90211
    jon@diamondbl.com
    www.DiamondBL.com

  3. #3
    Senior Member Reputation points: 30475 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,732

    6-12 months with multiple tiers of pricing, usually around 6 month 1.15.

    They are giving me slightly better approvals than most of my other lenders on 60-70% of deals.

    They fund quickly with minimal stips, and they play "Make a Deal" or get creative on a lot of deals for us. Custom prepay addendums, etc.

    Weekly payments on nearly every approval as well.

    They're honestly pretty awesome, and I'm glad they aren't taking on more ISO's or I'd lose a pretty big competitive advantage.

    For transparency, I'd probably put them in more of an "A-" category, but they are beating out most of the big "A" paper shops for me right now.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

Similar Threads

  1. Residential Home Lender Referral South Carolina
    By CFObyDesign in forum All Other Lending
    Replies: 0
    Last Post: 09-30-2019, 12:20 PM
  2. Referral Fee Checks!
    By bernie.alpert in forum Promotions
    Replies: 0
    Last Post: 01-17-2016, 02:13 PM
  3. Referral Fee Checks!
    By bernie.alpert in forum Promotions
    Replies: 0
    Last Post: 01-03-2016, 02:44 AM
  4. Referral Fee Checks!
    By bernie.alpert in forum Promotions
    Replies: 3
    Last Post: 11-29-2015, 06:23 PM
  5. Referral Fee Checks!
    By bernie.alpert in forum Financial Services
    Replies: 0
    Last Post: 11-27-2015, 07:58 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY