Results 1 to 19 of 19
-
01-18-2023, 01:47 PM #1
- Join Date
- Jun 2019
- Posts
- 12
fund behind a reverse
Who can fund behind a reverse, 1m+ revenue construction company
-
01-18-2023, 02:01 PM #2
PM ME A$AP regarding this one
Frank Jacobs,
Funding Director
ProsperumFunding.Com
| Office | (929) 376-8912
| Fax | (888) 894-3518 or (212) 706-0117
| Email | FJacobs@ProsperumFunding.com
8 West 36th Street, Floor7 | New York, NY 10018
-
01-18-2023, 02:17 PM #3
- Join Date
- Dec 2022
- Location
- NYC
- Posts
- 25
Send it my way
-
01-18-2023, 03:16 PM #4
- Join Date
- Jun 2022
- Posts
- 86
send it over, depending on what we see maybe we can help
eugene@equitaadvance.com
-
01-18-2023, 03:37 PM #5
- Join Date
- Oct 2022
- Location
- Long Island
- Posts
- 56
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!
-
01-18-2023, 03:41 PM #6
- Join Date
- Feb 2017
- Posts
- 3,473
-
01-18-2023, 09:21 PM #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
-
01-23-2023, 09:18 AM #8
- Join Date
- Aug 2021
- Posts
- 69
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
-
02-29-2024, 03:37 PM #9
the real question is - does anything not fit in your box ?
-
02-29-2024, 03:42 PM #10
- Join Date
- Feb 2024
- Location
- NY
- Posts
- 77
Last edited by JustInCase; 03-12-2024 at 05:55 PM. Reason: not my business. lol
-
02-29-2024, 03:54 PM #11
- Join Date
- Mar 2023
- Location
- Miami
- Posts
- 40
Moe Braun
Rocket Capital
(C)848-318-2598
(O)786-937-3556
Moe@rocketcapllc.com
http://rocketcapllc.com
-
02-29-2024, 04:56 PM #12
- Join Date
- Apr 2021
- Posts
- 121
Looks like a deal for Family Funding !!
subs@familyfundinggroup.com
-
03-01-2024, 07:03 AM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
03-01-2024, 07:33 AM #14
- Join Date
- Feb 2017
- Posts
- 3,473
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
-
03-01-2024, 08:15 AM #15
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
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.
-
03-01-2024, 10:48 AM #16
-
03-01-2024, 10:49 AM #17
-
03-01-2024, 12:37 PM #18
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
03-04-2024, 02:25 PM #19
- Join Date
- Feb 2017
- Posts
- 3,473
Similar Threads
-
who will fund someone that is in a reverse
By Elishapep in forum Deal BinReplies: 14Last Post: 05-03-2022, 05:34 PM -
Reverse funders - 845k reverse
By Zonefund in forum Merchant Cash AdvanceReplies: 5Last Post: 02-28-2022, 04:51 PM -
Can Anyone lender Fund An Open Bankruptcy Chapter 13 - Need Reverse Consolidation
By Americanbizfunding in forum Deal BinReplies: 5Last Post: 10-21-2021, 10:26 AM -
Fund behind a reverse
By Nate in forum Deal BinReplies: 22Last Post: 06-04-2019, 08:49 AM -
Reverse Equipment Lessors that FUND
By aak723 in forum Deal BinReplies: 8Last Post: 06-27-2017, 08:29 PM