Results 1 to 16 of 16
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11-18-2013, 11:14 AM #1
- Join Date
- Sep 2013
- Location
- Sunny Isles, FL
- Posts
- 44
High balance payoff
who will pay off a 200k balance? Their last advance was 500k, Numbers justify at least 600k advance.
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11-18-2013, 11:18 AM #2
Is it a split or an ach?
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11-18-2013, 11:38 AM #3
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Rapid, net out 40%
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11-18-2013, 12:51 PM #4
- Join Date
- Sep 2013
- Location
- Sunny Isles, FL
- Posts
- 44
ach ...........
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11-18-2013, 01:23 PM #5
To bad Rapid wouldn't fund that high.
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11-18-2013, 01:58 PM #6
nobody is going to pay off $200K. $75K is the highest I have seen.
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11-18-2013, 02:27 PM #7
I seen a 250k pay off and it was a split deal for 1M.
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11-18-2013, 03:03 PM #8
- Join Date
- Sep 2013
- Location
- Sunny Isles, FL
- Posts
- 44
So whats the move then? Do a 2nd position so original lender wont reup then take deal?
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11-18-2013, 03:54 PM #9
- Join Date
- Dec 2012
- Posts
- 116
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11-18-2013, 04:07 PM #10
JB, good to see you with Rockbridge stepping up!!
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11-18-2013, 06:31 PM #11
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11-19-2013, 11:03 AM #12
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Be careful with the 2nd position. You dont wanna strand the merchant with a huge balance and no way to get more funds except for small 2nd's/ The only thing is if the company giving the second will commit to giving the merchant a comparable deal once his balance comes down then you can do it. Thats what I tend to like to do here at YSC. We do give seconds but it is done as a bridge to giving them first porition money when the balance comes down.
Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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11-19-2013, 11:14 AM #13
- Join Date
- Aug 2013
- Posts
- 196
MFS Global may qualify them for a second position.
Contact me at isosupport@mfsglobal.com or 702-473-1145
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11-19-2013, 12:27 PM #14
- Join Date
- Sep 2013
- Location
- Sunny Isles, FL
- Posts
- 44
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11-19-2013, 03:02 PM #15
- Join Date
- Sep 2013
- Location
- Sunny Isles, FL
- Posts
- 44
Attention ISO's .... lol.... so On Deck JUST JUST JUST approved a new rule where the balance does not matter, they will pay it off as long as the 50/50 rule applies. They just green lit this apparently, we will see if they live up to it.
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11-20-2013, 12:07 PM #16
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