[mca123]

I have a merchant in the real estate business doing $100k-$140k a month in deposits, with 2 advances from Knight and SFS.

Who works real estate and can offer a 3rd, or refinance both advances.

[Jared_Weitz]

What's balance in total?

[CpepeWBL]

If they are willing to use any real estate they own, we can either consolidate the positions, or offer a third depending on his balances and daily payments currently?

[mca123]

It's a "Property Management" business actually.

Knight:
- Daily Payment is $500
- Balance owed is approx $30k
- Loan was $40k

SFS
- Daily Payment is $230
- Balance owed is approx $10k
- Loan was $25k

In December the business did $125k in deposits

[CpepeWBL]

Do they manage properties they own, or are they managing for third parties?

[mca123]

Just managing properties for 3rd parties

[Jared_Weitz]

Just managing properties for 3rd parties

You could always do an ABL but I can get it done at the same rate if not less with no collat.

Email me, Jared@unitedcapitalsource.com if you'd like we could take a look.

[CpepeWBL]

Most of the revenue is pass through revenue then, and margins are 10%-20%.

Jared may have some good alternatives if they don't want to use collateral, but if they own real estate and want to consolidate or add a position feel free to email me at cpepe@wbl.com to discuss details.

[Synergy13]

Jonathan 7182393527. Give me a call we'll talk more on this matter.