Line of Credit at Premium Rates
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  1. #1

    Line of Credit at Premium Rates

    I have a file that is doing about $1.7M per month, $1.5M in credit cards with decent credit.

    I am looking to place this deal with a lender offering a line of credit-esque for $650k+ at 2.5% per month or a 1.30 factor.

    Any ideas?

  2. #2
    Senior Member Reputation points: 64
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    Jul 2014
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    Line of Credit at Premium Rates

    I just funded a merchant who does 2,000,000 a month based off of his airport concession business. The offer he accepted was 600,000 at a 1.31 over 10 months with early pay off options. This is something that is very feasible since we use private capital. Please message me or give me a call as my underwriting team and I can discuss this deal as well as go over the other deal we funded. Mike@SamsonPartnersLLC.com office# 347-492-1802

  3. #3
    Senior Member Reputation points: 3217 CO1's Avatar
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    Dov- i sent you a private message!

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
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    Sep 2012
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    New York City
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    Does Rapid still offer their 4 month 1.20 lines of credit?

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