[Triton]

I have a client who does over $12MM a year and is looking for $1.2MM. He has had $2M in tax leans and has paid them down to $350k. They took out a BofA line of credit for $1M and have a balance of approx. $650k. The BofA is holding 1st position on their $1M in accounts receivables and the owners $2M house. They want $1.2 to pay off the BofA and the remaining tax leans with an additional $200k for working capital.

If you think you can handle something like this drop me a line.

**Direct lenders only

[Kevin Henry-Seacoast]

Triton,

Give me a call on this 561-623-1872. We are a lender and have done plenty of tax lien deals.

[Kevin Henry-Seacoast]

Sorry.... did not see this was a Psychologist.

[Triton]

Kevin,

Do you not work with psychologists?

[Kevin Henry-Seacoast]

Kevin,

Do you not work with psychologists?

Sorry...No

[Quickfunder]

Sorry...No

Are we talking personally or professionally?

[BusinessLendingMadeSimple]

Too bad you don't want to work with brokers. We just signed a deal like that in CA.
Good luck.

[bdshaw]

I never understood why a broker would not work with another broker precluding being presented with alternative options to the one they are pursuing.
There are options to MCA's that might work for this client.
Bob Shaw
734.929.3800
rshaw@advancecredit.com

[Triton]

Mostly because brokers tend to hide details. From my personal experience some brokers include excessive origination fees and inflate the cost of the deal to line their own pockets.

I prefer to avoid that.

[rmckellar]

Just curious what would differentiate a psychologist from any other type of doctor?

[Triton]

Just curious what would differentiate a psychologist from any other type of doctor?

my question exactly

[Sean Cash]

Just curious what would differentiate a psychologist from any other type of doctor?

maybe he's afraid the merchant will play mind games

[GMFunding]

You can try Metrix but I doubt anyone is going to touch it for a clean A-B lender esque deal. You can get the $200K in working capital though from some of the lovely folks in NY.

[Fundgirl77]

Hello Triton,

We can and do fund deals of this nature, but we do need the following:

Last 2 years of business tax returns, last 6 months of bank statements, P & L Statement, Bankruptcy Discharge Statement, Copy of Appraisal, and LOC statement reflecting balance.
Also please answer the following:
What date was the tax lien issued and when did the payment plan start? What is the monthly payment and is your client current with the payment plan? any missed payments?
Was the home free and clear when it was pledged as collateral and if not, what is the remaining balance?
When was home last appraised and what was the value?
What is your client's Fico Score?
Is there any other collateral your client can pledged?
Send requested docs to: fundgirl77@gmail.com

[anydealfunded]

I would love to hear more about this deal. We like the medical space and I can push this through as a doctors office. Henry@trustcapitalfunding.com

[Triton]

Thanks Henry but I am already working with Allen on this deal. Unfortunately you guys will not be able to work with them.

[Alleon Healthcare]

We would be happy to look at this. The crux of the deal will be whether the "real value of the AR" is enough to pay off the liens and debts.