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03-25-2023, 01:44 AM #1
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- Jul 2018
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In what world is a 6th position at 126 payments sustainable with a withhold of 43%? They filed a UCC on the entities that own the real estate...MCA=Unsecured. You can't divert rent in the event a deal goes bad. Legit looks like they are selling their original investment out to syndicators.
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03-25-2023, 02:08 PM #2
- Join Date
- Oct 2013
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- 592
What type of term would you expect for a 6th position?
Securing MCAs with real estate was WBL's model for years, albeit usually at 1st position.
www.UccRadar.com - Large Sales Volume Merchants filling out Your Web Application
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03-27-2023, 12:03 PM #3
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- Aug 2017
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- 249
[QUOTE=Franklin;177541]What type of term would you expect for a 6th position?
Securing MCAs with real estate was WBL's model for years, albeit usually at 1st position.
Placing a UCC isn't "securing" with real estate. WBL would make a consolidation loan and place an actual mortgage on the property.
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03-27-2023, 12:05 PM #4
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- Aug 2017
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04-12-2023, 11:19 AM #5
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- Oct 2013
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It's the same principle for this conversation, if the merchant defaulted, WBL had recourse to take the property.
www.UccRadar.com - Large volume merchants, filling out your application.
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03-27-2023, 11:58 AM #6
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- Aug 2017
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