who will fund someone that is in a reverse
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  1. #1

    who will fund someone that is in a reverse

    who will fund someone that is ion a reverse? they didn't get a reduction in payments or in amounts they owe/ banks are clean they do 150-200k a month 40-50k avg daily bal..been in business for 6years credit is the high 500s

  2. #2
    If they get funded in a reverse...doesn't the reverse default

  3. #3
    Senior Member Reputation points: 67918 Olderguy's Avatar
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    If they have property with equity, take out all the loans with a real estate loan....
    Steve Benjamin
    Professional Business Loans

    1012 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.

  4. #4
    If he's in a reverse he doesn't have property or credit blows

  5. #5
    Quote Originally Posted by Elishapep View Post
    who will fund someone that is ion a reverse? they didn't get a reduction in payments or in amounts they owe/ banks are clean they do 150-200k a month 40-50k avg daily bal..been in business for 6years credit is the high 500s
    We can fund behind a reverse.

    It'll be with those types of terms but can get it done.

    Scott Davis
    Forward Fund Cap

    Scott@forwardfundcap.com
    3053064699

  6. #6
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    Quote Originally Posted by Elishapep View Post
    who will fund someone that is ion a reverse? they didn't get a reduction in payments or in amounts they owe/ banks are clean they do 150-200k a month 40-50k avg daily bal..been in business for 6years credit is the high 500s
    But what is the DTI ratio?

  7. #7
    Senior Member Reputation points: 67918 Olderguy's Avatar
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    Quote Originally Posted by Sales1999 View Post
    If he's in a reverse he doesn't have property or credit blows
    Doing one now hard money loan payoff - client in a reverse.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  8. #8
    be sure to run it by the reverse funder before breaching their contract
    Michael Christman
    Direct - (718)701-1805
    mike@gandgfunding.com

  9. #9
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    Quote Originally Posted by Sales1999 View Post
    If they get funded in a reverse...doesn't the reverse default
    Technically, Yes - taking on additional funding mid reverse constitutes a default/breach of contract.

  10. #10
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    If you want to get down and dirty with it......
    You can Stack a reverse. Then take over the reverse.
    There are only a few who will do this..... But intentionally Stacking a reverse, knowing that their reverse company will stop the weekly deposits.... then the same funder who funded takes over said reverse and starts weekly deposits.

  11. #11
    Senior Member Reputation points: 119936 BR-Nightmare's Avatar
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    IMO, only some factors would have to come into play to stack a reverse.

    1. It does not breach the reverse funders contract.
    2. There are less than 4 positions being consolidated
    3. The amount being paid with an additional position is not waaay over their ability.
    4. The broker does not intend to ***** the Merchant out afterwards.

    Reverse funders are no different than a funder that funds a merchant and pays off positions for them. They are just doing it in a smarter way if you think about it. More cashflow flexibility to fund more Merchants, smaller dollar amounts of disbursements, and preventing possible breaches or additional fees in paying off positions with specific funders directly.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  12. #12
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    At Hybrid Advance we do these deals all day long.

    Please send this file directly to me.

    Email: kevin@hybridadvancellc.com

  13. #13
    I have gotten deals funded with EBF and Delta where merchant was in RC
    Russell B.
    Fort Lauderdale FL

  14. #14
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    Sounds like this is a prefect fit for hybrid
    Email us today kevin@hybridadvancellc.com

  15. #15
    Quote Originally Posted by ryan $ View Post
    If you want to get down and dirty with it......
    You can Stack a reverse. Then take over the reverse.
    There are only a few who will do this..... But intentionally Stacking a reverse, knowing that their reverse company will stop the weekly deposits.... then the same funder who funded takes over said reverse and starts weekly deposits.
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