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  1. #1

    fund behind a reverse

    Who can fund behind a reverse, 1m+ revenue construction company

  2. #2
    Member Reputation points: 222 Prosperum Funding's Avatar
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    PM ME A$AP regarding this one
    Frank Jacobs,
    Funding Director
    ProsperumFunding.Com
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    | Email | FJacobs@ProsperumFunding.com
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  3. #3
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    Send it my way
    Lifetime Funding
    516-494-4700
    Frank@lifetimefundingllc.com

  4. #4
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    send it over, depending on what we see maybe we can help

    eugene@equitaadvance.com

  5. #5
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    Funding behind a reverse will just most likely get the merchant kicked. He's then overleveraged and then defaulting on everyone. Pretty much won't be fun for anyone
    Ben K
    Fratello Capital
    Direct Funder
    Underwriting@fratellocapital.com
    www.fratellocapital.com
    212-464-8108
    NO ORIGINATION FEES!

  6. #6
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    Quote Originally Posted by fundfundfund1 View Post
    Who can fund behind a reverse, 1m+ revenue construction company
    I have had this question recently with a reverse I did with GFE. If you were the one who funded the reverse, speak to GFE about the situation. If GFE is aware and approves the rate/term and the funder, they may be able to wrap it into the deal.

  7. #7
    We actually do this really often.

    1. Either we fund in a separate account with a separate login.
    2. We provide an offer for you to get permission from the reverse to fund in the main account.

    We need there to be room for us to fund behind the reverse, usually a reverse does that but sometimes it doesn't clear up enough room.
    We wont fund more than 40 days behind a reverse but we will refi 60% paid in and potentially buyout low balances.

    Our goal is to come into a deal when its leveraged and clean it up and slowly, give bigger healthier deals for the merchant.
    Uptown Iso Department
    ________________________________________
    Office | 732.994.2550
    iso@uptownfund.com | uptownfund.com

  8. #8
    Potentially could help. Very quick turn around time and will be able to tell you if we can get them funded within five minutes. Give me a call 815-878-0244

  9. #9
    Senior Member Reputation points: 16016 fundinggrasshopper's Avatar
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    the real question is - does anything not fit in your box ?

  10. #10
    Member Reputation points: 1248

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    Last edited by JustInCase; 03-12-2024 at 05:55 PM. Reason: not my business. lol
    Uber driver who tried his hand in MCA got fired now studying the industry to avoid pitfalls. Any advice, direction or information references offered are greatly appreciated and will be researched. Interests: Alternative/Traditional business financing and regulation

  11. #11
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    Quote Originally Posted by JustInCase View Post
    Michael, What is the exact cir cum ference of your box? You seem to have the biggest box off them all. Quiff impressive!
    https://tenor.com/bnHUH.gif
    Moe Braun
    Rocket Capital
    (C)848-318-2598
    (O)786-937-3556
    Moe@rocketcapllc.com
    http://rocketcapllc.com

  12. #12
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    Looks like a deal for Family Funding !!
    subs@familyfundinggroup.com

  13. #13
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    Quote Originally Posted by funfunder1 View Post
    Looks like a deal for Family Funding !!
    subs@familyfundinggroup.com
    Do you actually read any of the posts before you SPAM the forum??? This post is over a year old. Some in the post were banned....
    Hedley Lamarr......That's Hedley

  14. #14
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    How many people have heard of Family Funding/Hybrid in deals where there was a fake LOC offer? I have seen at least two, and I am not an underwriter, I often see deals where people need help from digging out from under things like this (normally they come to me too late, post-default, but whatever). I'm not saying that "Kevin"/Family Funding/Hybrid were the ones who offered it, but I wouldn't be surprised if they conveniently look the other other with plausible deniability.

    www.abfunders.com/loanscams - Email me for free white-labeling

  15. #15
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Aside from the fact that this is originally an old post, Elon and I have a progrram to take out multiple MCA's.

    Anybody who needs money after a reverse has serious financial problems running their business and needs accounting/financial services, not another loan.

    They need an overhaul of their finances.

    And the MCA's can be taken out with some options:

    You can use ABL, real estate, recapitalization, etc,
    Heloc on primary residence, etc.

    Need to fix the problem, not apply another band aid.
    Last edited by Olderguy; 03-01-2024 at 09:23 AM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
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    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
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    @ SBA loans - 7A and 504.
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  16. #16
    Administrator Reputation points: 55342 admin's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    Do you actually read any of the posts before you SPAM the forum??? This post is over a year old. Some in the post were banned....
    That's guy banned now. disregard him.

  17. #17
    Administrator Reputation points: 55342 admin's Avatar
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    Quote Originally Posted by funfunder1 View Post
    Looks like a deal for Family Funding !!
    subs@familyfundinggroup.com
    no. banned.

  18. #18
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    Quote Originally Posted by admin View Post
    That's guy banned now. disregard him.
    Thank you
    Hedley Lamarr......That's Hedley

  19. #19
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    Quote Originally Posted by admin View Post
    no. banned.
    Thank you admin for finally "taking care" of Kevin.

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