Month to Month Lease
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  1. #1
    Senior Member Reputation points: 47257
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    Month to Month Lease

    Can anyone get a deal done for around 50k, where the merchant is on a month to month lease. He has been in that locatoin for 8 years. I have an approval but the MCA Company will not move forward without a newly signed lease.

  2. #2
    Senior Member Reputation points: 122
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    Quote Originally Posted by skideeppow View Post
    Can anyone get a deal done for around 50k, where the merchant is on a month to month lease. He has been in that locatoin for 8 years. I have an approval but the MCA Company will not move forward without a newly signed lease.
    All lenders will require either a lease agreement or proof of ownership of the building. What's top say this merchant isn't going to pick up and leave next month?

  3. #3

    Month to Month Lease

    Quote Originally Posted by mfs01 View Post
    All lenders will require either a lease agreement or proof of ownership of the building. What's top say this merchant isn't going to pick up and leave next month?
    With other strong compensating factors I can get it funded. Please email me with your contact info and details. chris@orangefi.com

  4. #4
    With other strong compensating factors I can get it funded. Please email me with your contact info and details. chris@orangefi.com

  5. #5
    Member Reputation points: 13
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    Month to Month Lease

    I can get it done as well. ill let the more senior members on the forum have their shot but if you have no success, shoot me a PM.

  6. #6
    Member Reputation points: 13
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    Month to Month Lease

    All I need confirmed on the VOL from the landlord is length at location, that they are up to date on the lease payments, and how much the monthly rent is.

  7. #7
    IOU central does not do a landlord verification at all. Give me a call so we can discuss 678-894-1773

  8. #8
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    There are a couple MCA lenders out there that can get that done for you by getting a lease rider signed instead of getting a lease as long as the landlord confirms that the rent is up to date and they intend to keep them at the location

  9. #9
    Member Reputation points: 13
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    Month to Month Lease

    Or a LOI signed by the merchant and landord stating they intend to stay at the location.

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