400k/m wholesale / 5-10 deposits/ California
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  1. #1

    400k/m wholesale / 5-10 deposits/ California

    Looking for a lender that would come in as 1st position. Consistent 400k/m. Only 5-10 deposits avg.

  2. #2
    Senior Member Reputation points: 226631
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    Factoring would be the best, just not the fastest. Long term pays the best also. However, requires first position UCC.
    Bluevine (if you have a link, you don't need a lenders license), easiest sale
    There are a few CA brokers that will superbroker you with Credibly, IOU or Ondeck I'm sure
    Did you try PIRS?

    Do they already have first position debt?

  3. #3
    Recently paid a first position off.

  4. #4
    I would send to Channel first, then Rapid Can and Fora.

  5. #5
    Senior Member Reputation points: 10476
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    Quote Originally Posted by ONEFUND View Post
    Looking for a lender that would come in as 1st position. Consistent 400k/m. Only 5-10 deposits avg.
    If they have strong daily balances i should be able to get that done. I will need tax returns do to the size of the deal and wholesalers profit margins are not that high so we need to see what the revnue is and what they can afford. My first position deals work kind of like a line of credit as well.


    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  6. #6
    Senior Member Reputation points: 1755
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    What industry?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

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