[Mikefunds]

Need someone to look at an auto sales file. 3rd position, withhold not anywhere near an issue. Need 400-500k 28-32 weeks and you'll have a long term client. Don't call me with 1.49 bogus. Realistically has to be below 1.32 MAX, reputable 1st and 2nd positions. Call me if you can help out, thanks (502)909-4136

[Yankeeman07]

3rd Position for $400K @ 1.32 - Please tell me this is a April Fools Joke?

[Mikefunds]

Like I said, withhold isn’t an issue and he’s already with reputable lenders. Got it taken care of though

[closer129]

Is this a April fool Joke. Car dealers have a very high cost of goods and smart funders need to go off of the revenue after the cost of cars. Not many funders want to do first positions on this industry do to that fact among a few others let alone a third position. For him to get 400k depending on what the payments are on the other positions the merchant will probably need to be making over a million a month after the cost of goods. Then he wants a rate below a 1.32. No funder unless they are depserate for business will offer a rate below a 1.32 and pay the broker several points on the rate for a third position.

[Mikefunds]

For him to get 400k depending on what the payments are on the other positions the merchant will probably need to be making over a million a month after the cost of goods. Then he wants a rate below a 1.32. No funder unless they are depserate for business will offer a rate below a 1.32

Wow thanks, I had no idea how MCA works prior to your response!