Results 1 to 10 of 10
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08-22-2022, 02:36 PM #1
- Join Date
- Dec 2021
- Posts
- 42
Construction - first position
Have a potential merchant that has great balances, credit and a/r. (monthly rev close to 2million)
Looking to place them with a direct funder that can do 650K for 20 months + at a 1.25 or less and willing to co-broker this with the right candidate.
Thanks in advance.
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08-22-2022, 02:44 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Why not factor this deal? Are they a sub or a general contractor?
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08-22-2022, 02:50 PM #3
- Join Date
- Jul 2022
- Location
- BROOKLYN NY
- Posts
- 60
Leon Davis email me we can send u over iso agreements then u can submit for us to take a deeper look into this for u
Funder / Iso Relations
Brickstone Fund
Phone: 347-433-7727
EMAIL: Leon@brickstonefund.com
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08-22-2022, 02:58 PM #4
- Join Date
- Mar 2021
- Posts
- 187
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08-22-2022, 02:59 PM #5
- Join Date
- Dec 2021
- Posts
- 42
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08-22-2022, 03:00 PM #6
- Join Date
- Dec 2021
- Posts
- 42
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08-22-2022, 03:01 PM #7
- Join Date
- Jul 2022
- Location
- BROOKLYN NY
- Posts
- 60
they looking for someone direct we direct whats wrong ?
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08-22-2022, 05:09 PM #8
- Join Date
- Nov 2019
- Posts
- 691
I do not know of anyone that will go out 20+ months and give a 1.25 sell rate.
I work for a direct funder and our max term on construction is 9 months if qualified. Our merchants love our short terms. We do not refinance the balance on renewals and it works like a sort of line of credit. They can keep renewing every few months and we just keep adding on the new money to the end of the old money. So we can fund the merchant 40-50 times over several years and pay around 1.25 total over several years.
Scott Platto
www.tmrnow.com
scott@tmrnow.com
212-220-9872
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08-22-2022, 05:41 PM #9
- Join Date
- May 2022
- Posts
- 98
We have a program that may be a fit here. get in touch.
Our basic funding Criteria:
- 5k minimum funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
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09-06-2022, 12:05 PM #10
Not sure about the 20 months but at Greenwich capital we go up to 13.5 months and we provide retention offers so we can get the buy rate to where you need it to be. We also offer LOC product up to 1 million at rates as low as 2.25% a month. Send me an email if you'd like to set up a call and go over our product in more detail at Maria@gcmcapitalgroup.com
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