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10-07-2015, 03:57 PM #1
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hey Skytop,
I am a direct lender and would be interested in looking at this IF the client is open to consolidating his first two loans (no I am not a MCA lender). Twelve month term. 1.31 Factor, monthly payments. Assuming a $300k funding amount (since he will have paid down some of it), his monthly payments would be about $32,700 which is slightly more than he is paying now for $200k ($1,500 X 21 days = $31,500).
Your client would have to understand that he would be prohibited from stacking for the duration of my repayment schedule (yes, we have a way to enforce it).
All this stated, his numbers would have to support that he can comfortably afford the payment. I am going to be more strict than my MCA colleagues. :-)
If there is interest, please feel free to reach out, and I can tell you what I need to provide a quick assessment. Email is best since I am typically booked all day on calls.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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