Loan Consolidation...6 out
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  1. #1
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    Loan Consolidation...6 out

    Can anyone realistically assist one of my clients who as 6 loans out. Paying out 48,000/month.
    2 Loans will be paid off in Oct.
    On track to do 3,000,000 Gross this year.

    I don't need someone coming in at 7 position.

  2. #2
    Do you know the total remaining balance between the 6 outstanding loans?
    Michael Jagiello
    Director of Client Acquisitions
    Blue Granite Funding LLC
    mjagiello@bluegranitefunding.com
    1(718)873-6407 Cell
    1(917)791-8911 Fax

  3. #3
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    how does someone get to 6 positions???
    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

  4. #4
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    The balance is right around 200k

  5. #5
    Your best bets might be to try either WBL if he's willing to pledge collateral or Flow Lending since their niche is consolidation. They would be a little trickier to get something with because for the most part they don't go past a 3rd or 4th but if he does good deposits they might give him something to knock out at least 2 or 3 positions and net with a monthly payback. Best of luck!
    Michael Jagiello
    Director of Client Acquisitions
    Blue Granite Funding LLC
    mjagiello@bluegranitefunding.com
    1(718)873-6407 Cell
    1(917)791-8911 Fax

  6. #6
    Senior Member Reputation points: 3956
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    My company can definitely consolidate these loans for you, shoot me an email and lets talk, would need to know all 6 balances, long as the monthly gross volume justifies the loans, we can make this happen
    shoot me an email and lets talk@
    Brent@jdmerchantcapitalllc.com
    Thanks
    Brent

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