Results 1 to 4 of 4
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01-13-2015, 04:56 PM #1
- Join Date
- Aug 2014
- Posts
- 72
500k average monthly gross, needs to consolidate.
Borrower came to us with 4 positions owing $390k, paying about $4,800 per day. Would like to consolidate these positions.
Banks are good, credit is solid as well. Grosses about $5MM per year.
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01-13-2015, 05:08 PM #2
- Join Date
- Jul 2014
- Posts
- 196
500k average monthly gross, needs to consolidate.
We funded a merchant 800k paying off 350k netting them 450k. Their credit was around 760 and they were grossing around 21million a year. I know the client is only grossing 5mill a year but I can see if we could consolidate all or maybe knock 2 or 3 out. If you'd like to discuss further please feel free to contact me.
Mike@SamsonPartnersLLC.com
O# 347-492-1801
C# 917-689-1502
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01-13-2015, 08:06 PM #3
- Join Date
- Jun 2013
- Posts
- 195
We consolidate positions all the time and the client does not have to net any minimum percentage. We will require real estate as collateral for a consolidation deal. Does the merchant have real estate we can use as collateral?
Chris Pepe
Vice President
World Business Lenders, LLC
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01-13-2015, 11:16 PM #4
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
500k average monthly gross, needs to consolidate.
Miller- email me and I will send you information... Admin@sendto.capital
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
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Always Live and Lead with Integrity.
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