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  1. #1
    Member Reputation points: 11
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    Seeking a 3rd Direct lenders only

    We have a client with 3 positions. West coast company revs approx: 400k +- monthly. Has 1st of $79,579 ,2nd approx $113,850,3rd 10k. Seeking a 3rd 300k. Company gets paid from health insurance private and gov't sponsored. Direct lenders only. Owners seeking to beat 1.49 rate and avoid expensive orig. fees

    PM me with your contact info. to discuss

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Irvine, CA
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    Can they factor their A/R? I have a guy who does medical industry factoring
    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.

  3. #3
    Hey.
    We specialize in:-High Risk deals-B-D paper-Most Industries except Auto Sales, Real Estate and Lawyers-30k min avg revenue
    Our Product:25k to 1 million funding amount Terms UP TO 160 DAYS Up to 15 points upsell Early Payoff Discounts Early Renewal offers Instant DocuSign Contracts We do not fund open judgements
    You can submit your deals directly to:

    eric@overnight-capital.com
    Eric Hersh
    Overnight Capital

    T (929)339-0086
    C: (917) 500-3981
    www.overnight-capital.com
    eric@overnight-capital.com

  4. #4
    no one is giving you 300k behind 10k funded

  5. #5
    Senior Member Reputation points: 9802
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    Nov 2019
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    638

    Quote Originally Posted by Phoenix View Post
    We have a client with 3 positions. West coast company revs approx: 400k +- monthly. Has 1st of $79,579 ,2nd approx $113,850,3rd 10k. Seeking a 3rd 300k. Company gets paid from health insurance private and gov't sponsored. Direct lenders only. Owners seeking to beat 1.49 rate and avoid expensive orig. fees

    PM me with your contact info. to discuss
    We need to know more about the file. he already has 3 positions so it the offer he has paying off the 10k position or just giving a fourth position. How long the term is and how much in fees is the funder charging and if the broker is charging any money.What is the current gross reserve.Need to know what his credit is like how much us deposited monthly and what the daily balances are. My company is pretty competitive on stacks if they are not over extended on the gross.

    Scott Platto
    Tmrnow
    212-220-9872

  6. #6
    Member Reputation points: 11
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    Apr 2015
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    New York City & Florida
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    FICO 708 , yes its a 3rd position taking out 10k or waiting a couple days to zero 400k monthly

    Rates ?What are your orig fees? comm? comm. pay day?

  7. #7
    Member Reputation points: 11
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    Seeking 300k as a 3rd payoff 10k balance or wait a couple days to zero

  8. #8
    Senior Member Reputation points: 9802
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    Quote Originally Posted by Phoenix View Post
    FICO 708 , yes its a 3rd position taking out 10k or waiting a couple days to zero 400k monthly

    Rates ?What are your orig fees? comm? comm. pay day?
    If the merchant is not over 25% of the gross and he is keeping at least 5% a day in daily balances based on the actual revenue and has been in business over 2 years this is what we might be able to do.

    Our fees on a third position are 3% or $749 which is ever is higher and this case would be higher. If we did 6 months the sell rate would be a 1.33 paying 7 points up front and a 2 point completion bonus as long as they do not default or pay more than 25% behind pace. If it is a medical industry i might be able to go 10 months which is our max on stacks in that case if this all fits it could be 1.44 paying 7 upfront still with a 2 point completion.

    If we can get him to get on our platform and become first position we do not refinance the merchants balance like everyone else so he will not need to have 3 positions anymore.

  9. #9
    Senior Member Reputation points: 22201
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    Dec 2021
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    Capybara Capital funds a ton of 3rd positions that are priced with much longer terms and @ great low factor rates. marcus@capybarausa.com for ISO Agreement. (we are also from the 3 funders that fund the large whale size deals!)
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  10. #10
    The guy has been killing it for me recently
    Last edited by dollarbillz; 09-22-2022 at 05:53 PM.

  11. #11
    Quote Originally Posted by Phoenix View Post

    Rates ?What are your orig fees? comm? comm. pay day?
    We're a new high risk B-D lender. We can definitely do a large 3rd position, I'm just concerned about the merchant's current holdback % if the last guys only did $10k. Our sell rate on a high risk 3rd will be a 1.46-1.50 including 10 points. Origination for a 3rd position is also going to be from 5-10% depending on holdback and risk, and commissions are paid every Friday, the week after your deal funds! Send a line to mac@clarityadvance.com for an ISO agreement, and let's get to work!

  12. #12
    Give me a call willing to give you something better then 1.49
    Asher Klien
    InstaFund Advance
    asher@instafundadvance.com
    347-377-0223

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