Boost Mobile Stores..
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  1. #1
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Nov 2014
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    Boost Mobile Stores..

    i have a client that is purchasing 2 boost mobile stores for $180k and needs an additional 30K bridge loan so they can close, his score is mid 500 - or should i have the seller take out an mca and have the buyer assume the payment.

    thoughts. its Monday morning and my brain isn't working

  2. #2
    Yes. Cross coll. across both stores and take a small hold from both locations, at this point I'm guessing you already took over the processing. PM me if you need any help.

  3. #3
    Member Reputation points: 79
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    Oct 2014
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    New York
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    this merchant will not be able to get a cash advance. They will need to have a minimum of three months in business. FICO 500 will make it very difficult getting a bridge loan or asset base unless they own the property out right. Best of Luck!

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