Results 1 to 24 of 24
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04-03-2023, 05:03 PM #1
- Join Date
- Feb 2023
- Posts
- 6
Lenders with the lowest buy rates
Looking to add some new lenders with low buy rates. Feel free to drop some names below.
Currently signed up with:
Kapitus
PIRS
Kalamata
Aquina
Mulligan
Credibly
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04-03-2023, 05:15 PM #2
- Join Date
- Mar 2022
- Posts
- 33
when you go back to the 1.49 life give us a call
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04-03-2023, 05:16 PM #3
- Join Date
- Nov 2019
- Posts
- 679
My buy rates are lower than some funders depending on the file and term. But on our first position renewals compared to all other funders we do not refinance the balance on renewals to cut the term shorter and charge double on the new money. We just extend the term out when the old money pays of they new balance starts. The money gets cheaper as time goes on. Feel free to reach out to me to learn more.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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04-03-2023, 05:18 PM #4
From a colleague....Balboa 1.17 over 12 months.
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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04-03-2023, 05:33 PM #5
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
Balboa is one I use often. 12-18 month terms, good rates. Only issue with Balboa is they have a glitch in contract at times that will not allow a couple pages to be signed delays deal. Platform is a little slow in general. However, they are not too hard on stips and payout on time. I appreciate the information and time you put in to share Steve. Thanks!
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04-03-2023, 05:49 PM #6
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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04-03-2023, 05:56 PM #7
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
They were the lender on Shark Tank https://totalmerchantresources.com/
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04-03-2023, 06:00 PM #8
Last edited by Olderguy; 04-03-2023 at 06:03 PM.
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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04-03-2023, 06:00 PM #9
- Join Date
- Jul 2017
- Posts
- 9
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04-03-2023, 06:12 PM #10
- Join Date
- Feb 2023
- Posts
- 6
Ill send my doodoo paper your way. 20% PSF on every deal Mr. Jokester
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04-03-2023, 06:14 PM #11
- Join Date
- Feb 2023
- Posts
- 6
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04-03-2023, 06:20 PM #12
- Join Date
- Mar 2023
- Posts
- 54
Rates as low as 1.20 here
nicholas@greenbuckcapital.com
6319423364
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04-04-2023, 07:43 AM #13
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
Hi Steve, Maybe you can help. I have a dentist who is in a partial reverse. Paying out $26K a month with a couple MCA, LoanMe, PayPal deals. However, he has had enough and is looking for a collateralized loan using the equity in his 2nd home to get a lower interest loan to pay everything off. He pays on time but it is taking over 27% of incoming monthly revenue. If you have any options I have no issue going 50/50 with you on the deal. Your the only I would bring this to on here as I have looked into your work and your a top-notch personal loan guy. Thanks
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04-04-2023, 09:26 AM #14
- Join Date
- Aug 2019
- Posts
- 163
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04-04-2023, 10:29 AM #15
- Join Date
- Dec 2021
- Posts
- 637
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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04-04-2023, 10:42 AM #16
- Join Date
- Mar 2022
- Posts
- 33
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04-04-2023, 10:55 AM #17
- Join Date
- Feb 2017
- Posts
- 3,433
Whenever a buyer tells me that they want to use "equity on their home," the first question that you have to ask on the 2nd home is already collateralized for a mortgage with the bank at 70-80% LTV already, and if there's enough juice left to cashout refi and get enough money to pay down any of those loans. Also, if it's a 2nd home, it's going to be harder because there's no rent, and it's owner-occupied.
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04-04-2023, 11:19 AM #18
- Join Date
- Feb 2023
- Location
- New York
- Posts
- 60
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04-05-2023, 11:49 AM #19
- Join Date
- Feb 2023
- Posts
- 6
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04-05-2023, 11:51 AM #20Steve 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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04-05-2023, 11:54 AM #21
- Join Date
- Mar 2023
- Posts
- 54
Minimum Monthly Rev: 25,000
Maximum Funding Amount: 1,000,000
Buy Rate: 1.20 - 1.42
Maximum Up Sell: 15%
Minimum Time in Business: 1 Year
Minimum Average Bank Balance: $1,000
Minimum Fico: 550
Expected Terms: 4-12 Months
Maximum Negative Days: 5
Minimum Deposits Per Month: 5
Minimum Ownership %: 51
*B PAPER ONLY*
We will mainly offer daily payment options, Weekly are possible but is on a strict deal to deal basis! We Fund Trucking, Construction, Cannabis, Lawyers, Puerto Rico and much more!
Nicholas Curcio
O: (888) 425-2825
C: (631) 942-3364
E: nicholas@greenbuckcapital.com
www.greenbuckcapital.com
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04-05-2023, 12:52 PM #22
- Join Date
- Dec 2021
- Posts
- 637
FYI .. Capybara Capital has a program for 10MPLUS in annual revs 1M 1.09 buy 1.12 sell (for select merchants -- 30days). some large wholesalers/Distributors love this program. --- Otherwise for A-Merchants we got some buy-rates few can compete with--- especially on the 350K-3M deals.
Last edited by MCA-VET; 04-05-2023 at 12:54 PM.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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04-06-2023, 12:29 PM #23
- Join Date
- Nov 2019
- Posts
- 679
It pulls under total merchant resources. But most of our merchants do not shop and our brokers do not usually stack on us. We fund all types of paper depending on the file. On lower tier paper due to daily balances we will only do a cc split as a first position only. We will do stacks as long as the merchant has strong daily balances and not over extended with current payments. We will do cc splits on stacks. We will buy out a position or maybe two to even become a stack potion depending on the file.
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04-06-2023, 12:44 PM #24
Scott, very interested in learning more about your funding products & the other services tmr offers businesses. sending you a pm
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