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10-02-2015, 02:49 PM #14
Reputation points: 307559
- Join Date
- Jun 2015
- Posts
- 3,326
John , I am referring to sticking with the 11-14 percent and why another a lender won't stack on him .
Joe the case I am referring to the merchant honestly didn't know it wasn't allowed ,in till somehow the lender found out he was still shopping and threatened him . At the end of the day I waited a couple of weeks and funded him 480k with bfs paying off the 120k he owed .
I just don't understand why they couldn't just "stack" 300k on top .
Bottom line it's because the merchant was suckered into a contract that will make them cause a breach . This is also bad in this industry.
Merchant had to pay double on the first 100k
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