Who is doing construction?
Need a Funder or Vendor? START HERE

Results 1 to 25 of 55

Hybrid View

  1. #1
    " 150 declines in like 48 hours and scared the crap out of them" that would scare most funders! yikes... why the abuse? did those fund elsewhere?

  2. #2
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
    Join Date
    Aug 2012
    Location
    New York City
    Posts
    1,882

    Quote Originally Posted by MCAVeteran View Post
    " 150 declines in like 48 hours and scared the crap out of them" that would scare most funders! yikes... why the abuse? did those fund elsewhere?
    it was one of those situations where a funder said they were willing to take a look at deals we couldn't get done elsewhere. Some reps heard that and forwarded all of the deals that had gotten declined in the last 2 months to them without using any discretion. Ultimately I think those particular reps were asked not to send any more there, but others could.

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by sean bash View Post
    it was one of those situations where a funder said they were willing to take a look at deals we couldn't get done elsewhere. Some reps heard that and forwarded all of the deals that had gotten declined in the last 2 months to them without using any discretion. Ultimately I think those particular reps were asked not to send any more there, but others could.
    Sean is being polite! Jared told folks to send all the declines there

Similar Threads

  1. Commercial Mortgage- SBA, Refinance, Purchase, Construction Etc.
    By HorizonFinancialGroup in forum All Other Lending
    Replies: 2
    Last Post: 06-29-2014, 10:47 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY