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  1. #1
    Banned Reputation points: 557
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    Dec 2021
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    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.

  2. #2
    Senior Member Reputation points: 216519
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    Why not factor this deal? Are they a sub or a general contractor?

  3. #3
    Member Reputation points: 142
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    Jul 2022
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    BROOKLYN NY
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    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

  4. #4
    Senior Member Reputation points: 23563
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    183

    Quote Originally Posted by brokerplus View Post
    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.
    Don't co-broker unless you know the broker. Especially on a nice deal like this. This sounds like a good for libertas. Have you subbed it there?

  5. #5
    Banned Reputation points: 557
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    Quote Originally Posted by goatFunding View Post
    Don't co-broker unless you know the broker. Especially on a nice deal like this. This sounds like a good for libertas. Have you subbed it there?
    We are not singed up with them ATM. Anyone else you can recommend?

  6. #6
    Banned Reputation points: 557
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    Quote Originally Posted by leon@brickstonefund.com View Post
    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
    You must've responded on the wrong thread.

  7. #7
    Member Reputation points: 142
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    BROOKLYN NY
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    they looking for someone direct we direct whats wrong ?

  8. #8
    Senior Member Reputation points: 9802
    Join Date
    Nov 2019
    Posts
    638

    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

  9. #9
    Quote Originally Posted by brokerplus View Post
    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.
    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

  10. #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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