[jtsfunding]

Hey, I have a client that is averaging roughly 250k a month with a 670 credit score, he has 4 MCA's out currently with 4 different funders, total balance between the 4 is roughly $123,000. He is currently paying around $3,200 a day in payments. He is ideally looking for a consolidation or even a reverse consolidation. If anyone out there would like to take a look at the deal and see if it is something that you would like to make on offer on. Please reach out to alex@teamgccap.com

[Olderguy]

Does have any property (commercial, investment, rental) I can use to do a loan on to take out these MCA's?

[jtsfunding]

Yes he does, what would you need?

[Olderguy]

Yes he does, what would you need?

emailed you schedule of real estate.

Need this and Fico scores.

https://docs.google.com/spreadsheets...usp=share_link

[Olderguy]

If it's a basic hard money property loan, I have been doing a lot of them.....have several lenders I use. Some are blanket loans covering all properties with one loan. Some require loan on each property.

You can finance investment property - residential 1 - 4 units, more than 4 units, mixed use properties, land, commercial property, agriculture, etc.

One has no Fico requirements.

Can get up to 75% Loan to Value cash out on these programs. If Fico below 650, LTV goes down.

Here are your options:

Bridge loan - 24 months Interest Only - runs around 11%. Can have no prepayment penalty up to 6 months to a year depending on the lender.

10 year interest only, amortized 20 after. This program has a bit of a lower rate and is good for rental properties as it offers the lowest payment. However, it does have a 5.4.3.2.1 prepayment penalty. Thats 5% first year, 4% second year, etc. You can buy down the prepay to 3 years for 1% cost. To 1 year at a 5% cost. AGain there are variations.

30 year fixed.....this is for long term fixed and the rate is the lowest of the two above. It also has the 5,4,3,2,1 prepayment penalty.

These loans are NoDoc (no income documentation) or SISA (Stated income stated assets)

You can also do a dscr on 1 - 4 units and the rates gets into the 8% range.

Reach out with questions or help.

Lender fees run 0 - 3%
Broker fees usually I charge 3% up to $1M and 2% over $1M
I split with brokers at 50%.

[benkhay]

We have a reverse consolidation program as well!

[L&R Houston]

Please check your email

[WarrenG@QFS]

QFS Capital does Reverse Consolidations best in the Industry!

[WarrenG@QFS]

warren@qfscapital.com email me!