Who funds defaults?
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  1. #1
    Quote Originally Posted by Olderguy View Post
    try United Fund, Hybrid Advance
    Lol commission will "default" as well with these "funders"

  2. #2
    Senior Member Reputation points: 78900 Olderguy's Avatar
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    Quote Originally Posted by mcaexplainer View Post
    Lol commission will "default" as well with these "funders"
    I don't care about that. If a client gets funded, good enough.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
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    Quote Originally Posted by Olderguy View Post
    I don't care about that. If a client gets funded, good enough.
    That
    s the dumbest thing I think I ever heard. Why would he go to a place that plays with commission?

  4. #4
    Senior Member Reputation points: 78900 Olderguy's Avatar
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    Quote Originally Posted by FunderFunding View Post
    That
    s the dumbest thing I think I ever heard. Why would he go to a place that plays with commission?
    Maybe because I don't make decisions on how many points I get or how much money is in it for me...just want to help clients.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  5. #5
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    Quote Originally Posted by Olderguy View Post
    Maybe because I don't make decisions on how many points I get or how much money is in it for me...just want to help clients.
    So then do it for free? And why are you sending these clients to funders who screw the brokers?

  6. #6
    Senior Member Reputation points: 78900 Olderguy's Avatar
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    Quote Originally Posted by abfunders View Post
    So then do it for free? And why are you sending these clients to funders who screw the brokers?
    I don't do daily background checks on lenders. If a lender screws me, I'll take appropriate action if it makes sense and appropriate. And move on. Clients lie, brokers lie, lenders lie...it's the way of the world. Get over it.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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