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07-20-2024, 09:35 PM #1
- Join Date
- Aug 2018
- Posts
- 897
Uplyft capital
I know these guys started as, and may still be brokers, but I wanted to ask if they actually fund now and pay? I hear they pay 15%? Anyone have solid experience w/ them?
Last edited by Zonefund; 07-21-2024 at 10:36 PM.
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07-22-2024, 10:53 AM #2
- Join Date
- Oct 2021
- Posts
- 229
They are a broker. Poor one at that. I know a few people that just left there recently and they said its a broker and rarely funded anything or use their own money. The people that left said they never saw them fund the deals on balance sheet, get all these leads and the way they manage them is very poor which was shown in their poor conversations. Very nice office though.
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07-22-2024, 11:00 AM #3
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 45
Prior to becoming an iso rep, I was an underwriter for many years here. Uplyft was a broker who submitted to us, but stated they also funded their own deals selectively in house. We gave some great offers and they rarely even asked for contracts (that went nowhere). At times it felt like they may have just been using our underwriting to fund their own deals. Also very poor communication.
TMRNOW | A Total Merchant Resources Company
Ariel Avalos – Iso Relations Manager
377 Hoes Lane, Suite 240, Piscataway, NJ 08854
Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com
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07-22-2024, 11:01 AM #4
- Join Date
- Jan 2023
- Posts
- 4
They Fund. AT least they used to.
Not sure if their money well dried up, but they funded for a while.
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07-22-2024, 04:15 PM #5
- Join Date
- Jul 2024
- Location
- Connecticut
- Posts
- 3
Haven't seen them in Bank Statements in quite a bit
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