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03-27-2015, 04:55 PM #1
- Join Date
- Jan 2014
- Posts
- 283
Monthly
Who can do a monthly option? I have a Merchant who grossed about $2 million last year,good credit, strong balances, etc. but he is hesitant........wants a monthly and even thinking about doing an equity deal....I asked him "if you are seeking the least expensive deal possible why would you take the MOST EXPENSIVE option?!" Kind of penny wise and dollar foolish, but i digress.......
His issue is he is totally against a daily and not loving the idea of a weekly........If i can find a monthly option(I realize it would, most likely be collaterlized). Who can do this?
I'm not putting this in "Deal Bin" because I'd like to have a "go to" for monthly payments moving forward
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03-27-2015, 04:57 PM #2
Weekly payments you have a couple of options with but if monthly payments is not something anyone is offering that I know of
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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03-27-2015, 05:22 PM #3
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Monthly
Give me a call to discuss. I can at least let you know if it's do-able.
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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03-27-2015, 06:33 PM #4Anthony Diamond
Underwriter
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03-27-2015, 06:50 PM #5
- Join Date
- Jan 2014
- Posts
- 283
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03-27-2015, 06:57 PM #6
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03-27-2015, 08:21 PM #7
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
Simple search in this forum you should have your answer. Abbreviations: FudN,LC ,FC. If you don't know who they are and are not set up with them we cAn help. If you need to submit asap and don't have time to set up with a new lender we can work with you and still get you paid the same amount. We do a lot of business with term lenders.
Email me or call
bzuniga@omegafund.com
720-279-4345Last edited by omegafund; 03-28-2015 at 01:03 AM.
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03-28-2015, 09:10 PM #8
- Join Date
- Mar 2015
- Posts
- 20
Monthly
Funding circle and fundnation do monthly payments. Has to be super clean deal though with min 650 fico
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03-30-2015, 09:54 AM #9
- Join Date
- Feb 2015
- Posts
- 4
LoanMe does a monthly program. It's technically a loan product that's monthly IO payments. They have a lot of restrictions per state and their commissions are low but they do all the work on the file. I've seen them fund some ugly stuff too
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