Results 1 to 9 of 9
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10-30-2022, 05:44 PM #1
- Join Date
- Apr 2021
- Posts
- 114
1 million dollar reverse heter iska
any one want to do 1 million reverse with a heter iska
revenue can support it
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10-30-2022, 08:05 PM #2
- Join Date
- Jun 2015
- Posts
- 754
Yes sure. Love those!
Info@picklejuicecapital.com
Send it.
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10-30-2022, 09:34 PM #3
- Join Date
- Apr 2021
- Posts
- 114
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10-31-2022, 09:12 AM #4Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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10-31-2022, 04:23 PM #5
- Join Date
- Dec 2021
- Posts
- 638
Heter Iska... name sounds so familiar
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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11-02-2022, 02:32 AM #6
- Join Date
- Jun 2015
- Posts
- 754
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11-02-2022, 09:09 AM #7
Good luck with that....Heter Iska is, in short, an agreement between the customer and the financier that the transaction being provided is a partnership where all profits must be shared under a stringent set of reporting requirements. If the customer wishes to pay a specified rate in lieu of profit sharing, the customer may do so.
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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11-02-2022, 11:13 AM #8
- Join Date
- Feb 2017
- Posts
- 3,463
Steve, why are you jumping to conclusions about what other people will do? There are several funders who who are happy to do it when necessary. The heter iska is there to prevent any issues from coming into the problem is ribbis, it does not affect the product. Take a look at the NY courts https://www.kfikosher.org/legal - Since a heter iska is not recognized under NY law, whenever the Jewish courts kick it back to the NY courts, it gets defined as a transaction of "loan" or "MCA" (depending on the product) under the NY laws. So the funder can then access the money due under the Jewish law via using the NY law as their police.
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11-02-2022, 11:18 AM #9
Last edited by Olderguy; 11-02-2022 at 11:20 AM.
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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