Results 1 to 6 of 6
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04-13-2021, 09:52 AM #1
- Join Date
- Jun 2019
- Posts
- 21
Need someone who does consolidations or reverse for a high 6 figure deal good credit
Do you do consolidations or reverse consolidations? If so, how does it work? If not do you know anyone who does? INFO@VERSABUSINESSSYSTEMS.COM
Here is the deal info if you can help this guy has 2 businesses.
Ask Amount: As much as possible
Desired Term: Longest Possible
D/W/M: Not Specified
Use of Funds: Consolidation
FICO: 762
State: FL
TIB: 5 Years
Industry Type: Real Estate/ Property Management
Credit Pull: Soft Only
BUSINESS 1Avg Monthly Dep: $292,605Avg Daily Balance: $12,486Avg Neg Days: 0
BUSINESS 2Avg Monthly Dep: $81,933Avg Daily Balance: $9,276Avg Neg Days: 0
Open Balances :*BUSINESS 1*
Westwood----$*25,480.00Prince----$*49,700.00Business Backer----$*75,428.60
BUSINESS 2
Business Backer---$118,668.00
Additional Notes:*BUSINESS 1 is the main holding company for BUSINESS 2-statements attached for both
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04-13-2021, 09:58 AM #2
- Join Date
- Jun 2017
- Posts
- 2,049
Chances are Business Backer term is too long to Reverse.
If you Included daily payment could tell you for sure.
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04-13-2021, 11:27 AM #3
- Join Date
- Dec 2017
- Posts
- 20
I can assist with this but the consolidation will not be as long as business backer and the rate will be higher than biz backer too. id most likely consolidate 2 of the positions and stay in 2nd position behind biz backer.
__________________________________________________ __________________________________________________ __________________________________________________ __________________________________________
David Stewart
Director of Business Development
Business Capital Providers
Office:954-364-7764
Mobile:954-937-1218
david@bcproviders.com
bcproviders.com
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04-14-2021, 01:22 PM #4
- Join Date
- Jul 2018
- Posts
- 2
Since this client is in the Real Estate/Property Management business, do they own any properties that have equity?* It might be possible to pay off their existing loan balances with a mortgage.* Even if it was a Hard Money mortgage, you could get a 5 year loan at 9% with interest only monthly payments.* *
It appears the total amount currently owed is $269,276.* You would probably need $300,000 to cover all loan costs.**
Loan Amount - $300,000*
Interest Rate - 9%*
Interest only monthly payment - $2250
Term - 5 years
Feel free to give me a call and I can walk you through this.* It may work on another deal you have, if not this one.* **
*
Todd Christensen
President
Carter Cole Holdings LLC*
Commercial and Private Lending Solutions*
Direct - 321-689-2966
Email -*cartercoleholdings@gmail.com
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04-15-2021, 11:05 AM #5
- Join Date
- Apr 2021
- Posts
- 5
We do a lot of Reverse Consolidations at Crystal Springs Capital
DM or Email me @ Ronnie@crystalspringscapitalinc.com for more info
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04-15-2021, 11:32 AM #6
- Join Date
- Nov 2018
- Location
- NYC
- Posts
- 36
lol
Last edited by firsttierfunding; 04-15-2021 at 11:45 AM.
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