Need a first position funder with low buy rate
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  1. #1

    Need a first position funder with low buy rate

    we have a roofer with multiple offers but needs a buy rate of 1.32 as a first position to seal the deal. Anyone interested?

  2. #2
    Senior Member Reputation points: 226125
    Join Date
    Feb 2017
    Posts
    3,395

    He doesn't need a buy rate of 1.32. It sounds like you need a buy rate of 1.32 to make 10-12 points. Syndicate in the deal and give him a 1.35.

  3. #3
    What does the Revenue look like over the last few months? I'm the underwriter with Boom Funded.

  4. #4
    Senior Member Reputation points: 10476
    Join Date
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    669

    Quote Originally Posted by RBFCapital View Post
    we have a roofer with multiple offers but needs a buy rate of 1.32 as a first position to seal the deal. Anyone interested?
    If the buy rate is a 1.32 what is the sell rate? How long of a term they want how is the credit on how long in business how are the ending daily balances. As funders we need to know all this for underwriting to come up with an offer that might be better. If is a clean file my sell rate can be around there. Plus my first position renewals work kind of like a credit line which all our merchants love.


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

  5. #5
    Hi I can send it to you what’s your email?

  6. #6
    We fund up to 1M max 180 days


    516-306-0077
    Capital Domain LLC
    Israel@capitaldomain.com
    www.capitaldomain.com

  7. #7

  8. #8
    If revenue is 100k+ and Ledgers avg 15k+ We can consider for a premium 1st Position 12-18 Month deal

    Zevi@JaffeCapital.com
    917-868-8843

  9. #9
    Senior Member Reputation points: 3942
    Join Date
    Sep 2021
    Posts
    190

    Go to Itria or ByzFunder they have crazy low buy rates.

  10. #10
    Senior Member Reputation points: 35668
    Join Date
    Aug 2018
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    725

    Quote Originally Posted by RBFCapital View Post
    we have a roofer with multiple offers but needs a buy rate of 1.32 as a first position to seal the deal. Anyone interested?
    Everyone that posted here other then tmrnow are brokers.

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