Looking for Lender to fund Real Estate Industry MCA
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  1. #1

    Looking for Lender to fund Real Estate Industry MCA

    Merchant did 60k in deposits in April, 175k in May, and 75k in June. Merchant works with fix and flips so deposit quantity is low and he currently has a position with ondeck. What lenders would be able to fund this?

  2. #2
    Senior Member Reputation points: 78900 Olderguy's Avatar
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    Not sure if this helps:

    FIX & FLIP PROGRAMS

    Simple Financing Solutions for Investors

    · Investment Purchase & Refinances

    · REHAB – up to 85% LTV* / 100% Rehab / up to 75% ARV*

    · 620 MINIMUM CREDIT SCORE ALLOWED!!!

    · Interest Rates Starting at 10.99%***

    · SFR / 2F-4F / Multi Fam / Mixed Use

    · $75,000 - $5,000,000

    · 12 – 36 Months – Interest Only

    · NO PREPAY with Credit Scores 650 of Higher**

    · NO Payment Reserves with Credit Scores 650 of Higher**

    · NO Liquidity Reserves Required with Credit Scores 650 of Higher**

    · NO Income Documentation

    · Brokers Protected

    · Heavy Rehab OK!! ***

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    · NATIONWIDE
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
    How does that help

  4. #4
    Senior Member Reputation points: 78900 Olderguy's Avatar
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    Quote Originally Posted by aaron4235 View Post
    How does that help
    In case the guy wants a good program for fix and flip...you said that what he works...
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  5. #5
    The merchant is looking for an MCA, he is already leveraged at 75% LTV on his properties.

  6. #6
    Senior Member Reputation points: 242074
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    Quote Originally Posted by cannolimca View Post
    The merchant is looking for an MCA, he is already leveraged at 75% LTV on his properties.
    If they have NOI of $7000+ monthly, I have a great LOC program for them. Please email me, I'll make the introduction to the lender. (And if not for this one, then for the next one.)

  7. #7
    Senior Member Reputation points: 49488
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    Quote Originally Posted by abfunders View Post
    If they have NOI of $7000+ monthly, I have a great LOC program for them. Please email me, I'll make the introduction to the lender. (And if not for this one, then for the next one.)
    Micah can get this done for you. He has the best reputation here, and unlike older guy (see the post in promotions, worldwide capital management post) he never pretended to be a direct lender working out of a Regus office back 7 years or so ago.

  8. #8
    Senior Member Reputation points: 49488
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    Quote Originally Posted by cannolimca View Post
    Merchant did 60k in deposits in April, 175k in May, and 75k in June. Merchant works with fix and flips so deposit quantity is low and he currently has a position with ondeck. What lenders would be able to fund this?
    Give it a shot with Micah brother. If he fails, it's Steve or Elon (Steve has paid more brokers then Elon, but, he had a dark phase perhaps with drugs 7 years or so ago when he worked for a confidential direct lenflder that bought hidden Yellowstone loans and offered hybrid loans, term loans, lines of credits, AND MCA (I'm being sarcastic, making fun of him).

  9. #9
    Senior Member Reputation points: 49488
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    Steve is a beast in the real estate realm though the guys good. When it comes to actual biz loans and loc 's Micah has that on lock and he pays.

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