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  1. #1

    True Consolidation - Net 40%

    Hey is anyone currently doing true consolidations where lenders are paid off in full before the remaining funds are disbursed?

    I know these are tough right now, If anyone knows please LMK!
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  2. #2
    Member Reputation points: 248
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    Sep 2020
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    New York, NY
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    10

    I got one done with Loanme recently

  3. #3
    Member Reputation points: 895
    Join Date
    Feb 2020
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    Anaheim, CA
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    Quote Originally Posted by therosefunder View Post
    Hey is anyone currently doing true consolidations where lenders are paid off in full before the remaining funds are disbursed?

    I know these are tough right now, If anyone knows please LMK!

    Hey Bryce,

    LoanMe has a True Consolidation Loan Product. I'm your main point of contact @ LoanMe, will shoot you an E-mail and you can give me the particulars of what this borrower needs and I'll let you know if they're a candidate for that product.

    Cheers and all the best.
    Joel S Galasso
    Senior National Accounts Manager
    Small Business Loans
    Main: 949-535-7798 | business.loans@loanme.com

    1900 S. State College Blvd. Suite 300 Anaheim, CA 92806

  4. #4
    NYS client Thank you though! already thought of this
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  5. #5
    Member Reputation points: 895
    Join Date
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    Quote Originally Posted by therosefunder View Post
    NYS client Thank you though! already thought of this
    Ah! Got it. Well hang in there and good luck!
    Joel S Galasso
    Senior National Accounts Manager
    Small Business Loans
    Main: 949-535-7798 | business.loans@loanme.com

    1900 S. State College Blvd. Suite 300 Anaheim, CA 92806

  6. #6
    Thanks!
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  7. #7
    Senior Member Reputation points: 216519
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    Feb 2017
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    3,334

    What industry is this client in? Have you thought about another product other than MCA?

  8. #8
    Yes industry will remain undisclosed lol but this is part of a bigger plan : )
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  9. #9
    Quote Originally Posted by abfunders View Post
    What industry is this client in? Have you thought about another product other than MCA?
    I am pretty big as far as finding every other possible option before MCA.
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  10. #10
    Senior Member Reputation points: 203054
    Join Date
    Jan 2014
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    1,361

    Quote Originally Posted by therosefunder View Post
    Hey is anyone currently doing true consolidations where lenders are paid off in full before the remaining funds are disbursed?

    I know these are tough right now, If anyone knows please LMK!

    there's a few that still do depending on deal and balances.

  11. #11
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
    Join Date
    Oct 2020
    Location
    Beacon, NY
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    121

    These funders would do buyouts with <50% net:
    Elevate 40%, Principis 30%, Rapid 35%

  12. #12
    Quote Originally Posted by NationalCorporateData View Post
    These funders would do buyouts with <50% net:
    Elevate 40%, Principis 30%, Rapid 35%
    Thank You!
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

  13. #13
    thanks sachi! <3
    The Rose Funder l 917.228.4970
    bander@therosefunder.com
    Highlands NJ 07732
    http://www.therosefunder.com

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