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  1. #1

    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

  2. #2
    Banned Reputation points: 179851
    Join Date
    Jun 2017
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    2,051

    Chances are Business Backer term is too long to Reverse.

    If you Included daily payment could tell you for sure.

  3. #3
    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

  4. #4
    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

  5. #5
    We do a lot of Reverse Consolidations at Crystal Springs Capital

    DM or Email me @ Ronnie@crystalspringscapitalinc.com for more info

  6. #6
    Member Reputation points: 5199
    Join Date
    Nov 2018
    Location
    NYC
    Posts
    36

    lol
    Last edited by firsttierfunding; 04-15-2021 at 11:45 AM.

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