[Fundthis!]

They reached out about a couple of files I posted.
Said they just opened in Jan and they dont show in banks statements yet or have any defaults yet because they have in-house collections. Sounds like a broker but I could be wrong little help would be appreciated.
ivan@symplificapital.com is who I spoke to.


Thanks

[SaraDavis]

Probably brokers

[Fundthis!]

Probably brokers

That's what I thought but worth asking
Thanks

[BR-Nightmare]

They reached out about a couple of files I posted.
Said they just opened in Jan and they dont show in banks statements yet or have any defaults yet because they have in-house collections. Sounds like a broker but I could be wrong little help would be appreciated.
ivan@symplificapital.com is who I spoke to.


Thanks

Looks like a funder based off a search I was able to do on some submissions. That's all I know.

[Fundthis!]

Looks like a funder based off a search I was able to do on some submissions. That's all I know.

Oh so they are legit.
Thanks

[Mark Goldberg]

They reached out about a couple of files I posted.
Said they just opened in Jan and they dont show in banks statements yet or have any defaults yet because they have in-house collections. Sounds like a broker but I could be wrong little help would be appreciated.
ivan@symplificapital.com is who I spoke to.


Thanks

I've seen them debiting in 2 deals recently

[BR-Nightmare]

Oh so they are legit.
Thanks

I see them as positions in submissions, I personally have not seen a file in UW with that funder as a position, there criteria may be what we don't fund but that's just speculation.

In this industry with scenarios like yours it's always a "proceed with caution" type of situation.

[Fundthis!]

I've seen them debiting in 2 deals recently

Thanks guys

[IVANSYMPLIFI]

Thanks for doing due diligence Mike. This goes for everybody, yes we're new but we are competing and have the funds to do big dollar deals and get creative (buyouts, flex deals). We fund 1st-4th position B/C paper deals up to 200 days w. weekly payments and upsell up to 15%. Buy rates start at 1.27. Think of your typical B/C paper guys and we've probably beat out most of them with some of our offers. I'd be happy to get on the phone with anyone who calls to go over our programs in depth. - Ivan

[Zonefund]

They are 24 CAPITAL.

Backdoor central.

Had a renewal with them they handled internally. Large file. 5 digit commission. Rather then paying me 10 pts they paid me 5. Likely to keep their renewal guy happy.

They also white label their high risk deals with Mr advance. Vice versa.

[Fundthis!]

Turns out they just brokered my deal. Paying half commission. Not direct lenders

[fundingsmbs]

lots of shenanigans going on in this business. lots of backdooring, lying , stealing, and, no oversight committee to shut this practice down. it's a cancer that needs to be cut out.

[BR-Nightmare]

This forum can be your oversight committee.

Only problem is those that try to accuse come with little to no evidence and make their accusations on assumptions or simply in anger of losing the deal with no factual reason as to how they lost it.

Everybody knows everybody here.

[Zonefund]

Turns out they just brokered my deal. Paying half commission. Not direct lenders

Prob brokered with mr advance.

Theyre 24 capital. Theyve been doing this for years.

[Fundthis!]

This forum can be your oversight committee.

Only problem is those that try to accuse come with little to no evidence and make their accusations on assumptions or simply in anger of losing the deal with no factual reason as to how they lost it.

Everybody knows everybody here.

I have the proof pm me and I ll send you emails and the Lender they brokered my file to