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  1. #1
    Senior Member Reputation points: 23563
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    Need a reverse done. remit a bit high, positions falling off soon

    Please dont reach out unless you pay decently. Don't back door and will actually fund.

    Merchant pretty much perfect payer. he
    Shot himself in the foot took a bunch of deals in June and went over 100% remit, but kept paying everyone. . One pos falls off today , another has 7 payments left. HE Will have 5 left after.

    He is now at 90% remit and in 7 payments he'll be in the 60's

    anyone would fund this in 7 payments. question is who is willing to take the leap now.

  2. #2
    Senior Member Reputation points: 81655
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    Quote Originally Posted by goatFunding View Post
    Please dont reach out unless you pay decently. Don't back door and will actually fund.

    Merchant pretty much perfect payer. he
    Shot himself in the foot took a bunch of deals in June and went over 100% remit, but kept paying everyone. . One pos falls off today , another has 7 payments left. HE Will have 5 left after.

    He is now at 90% remit and in 7 payments he'll be in the 60's

    anyone would fund this in 7 payments. question is who is willing to take the leap now.

    IMO - No one in their right mind.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    Senior Member Reputation points: 23563
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    its not a terrible deal. Guy is a great payer, and is almost where he needs to be.

  4. #4
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    253

    Quote Originally Posted by goatFunding View Post
    Please dont reach out unless you pay decently. Don't back door and will actually fund.

    Merchant pretty much perfect payer. he
    Shot himself in the foot took a bunch of deals in June and went over 100% remit, but kept paying everyone. . One pos falls off today , another has 7 payments left. HE Will have 5 left after.

    He is now at 90% remit and in 7 payments he'll be in the 60's

    anyone would fund this in 7 payments. question is who is willing to take the leap now.
    The important question is, how high are the balances and how long out are the terms.

    Doesnt sound like the easiest deal to put in a reverse, but I can have my underwriter take a look.

  5. #5
    Banned Reputation points: 12
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    Mar 2020
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    160

    You need true debt restructuring.
    DO NOT do a reverse! I offer them too and they suck and do not pay well.


    EASY DEAL!
    Contact me ASAP!


    Anthony Auriemma
    PRESIDENT
    Phone: 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com
    Email: BilderbergUnderwriting@gmail.com

    www.BilderbergBusinessLenders.com

  6. #6
    Banned Reputation points: 12
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    Mar 2020
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    EASY DEAL!
    Contact me ASAP!


    Anthony Auriemma
    PRESIDENT
    Phone: 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com
    Email: BilderbergUnderwriting@gmail.com

    www.BilderbergBusinessLenders.com

  7. #7
    Senior Member Reputation points: 29456
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    yes but then that will show as a default and they can never use an mca product again

  8. #8
    This is an easy restructuring deal. Contact me. These restructuring deals pay well. Contact me.

    Respectfully,
    Jimmy Cannata
    Sigican Capital Corp.
    Direct: 718-801-1085
    Email: jimmy@sigicancapitalcorp.com
    Linkedin.com/in/sigicancapital

  9. #9
    Banned Reputation points: 12
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    Mar 2020
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    160

    You definitely need to do that restructuring instead of reverse which hurts the client and pays us horribly.

    EASY DEAL!


    --
    Anthony Auriemma
    PRESIDENT
    Phone: 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com
    Email: BilderbergUnderwriting@gmail.com

    www.BilderbergBusinessLenders.com

  10. #10
    Quote Originally Posted by Bilderberg View Post
    You definitely need to do that restructuring instead of reverse which hurts the client and pays us horribly.

    EASY DEAL!


    --
    Anthony Auriemma
    PRESIDENT
    Phone: 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com
    Email: BilderbergUnderwriting@gmail.com

    www.BilderbergBusinessLenders.com
    what exactly do you mean by "restructuring"?

    refinancing multiple positions inherently gives a new structure to debt(for better or worse).

    Can you walk us through what this program would entail?
    Last edited by LondonTeaParty; 07-15-2021 at 07:57 PM.

  11. #11
    Senior Member Reputation points: 29456
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    Quote Originally Posted by LondonTeaParty View Post
    what exactly do you mean by "restructuring"?

    refinancing multiple positions inherently gives a new structure to debt(for better or worse).

    Can you walk us through what this program would entail?
    from what I can tell based off of what he's stated on other threads he wants them to settle with the companies and offer an advance/loan to cover them after settlement

  12. #12
    call me on the reverse
    878-222-0022
    ms1@cash4u.com

  13. #13
    Ibex funding group

  14. #14
    This is very true ^^
    Avi Herskovitz
    Director ISO Relations
    IBEX Funding Group

    Direct: (347) 618-2224
    Cell: (347) 349-3199
    avi@ibexfundinggroup.com

  15. #15
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,051

    90% Remit. Down from 100%, What in the actual f*ck....

    He had to STACK all at once. No one is going to go up to 100% Remit knowingly.

  16. #16
    Member Reputation points: 38
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    Jul 2021
    Location
    New York City
    Posts
    47

    send it over and I'll have a reverse sheet priced out within the hour

    make sure to attach balances and daily payments.
    [SIZE=2][SIZE=1]Daniel Nathan

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