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11-13-2015, 08:53 AM #1Senior Member
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1st position
Are there any lenders besides PowerUp and Nextwave that will take a 1st position on a file that has $210k in balances between two lenders?
Avg. Deposit: $450k/month
FICO: 700+
Avg Daily: $190k
PowerUp does not do construction and Nextwave does not payoff more than $100k.
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11-13-2015, 09:26 AM #2Banned
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bfs, think they require net 70 rather than 50 if paying off more than one position though. Would probably have better luck taking out the lower of the two balances and coming in with a strong second.
kalamata might actually depending on circumstances, not overly familiar with their uw or whether or not they do construction though.
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11-13-2015, 09:30 AM #3Senior Member
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yeah kalamata was my first choice but the merchant is not 50% paid off on the current advances so they won't touch it.
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11-13-2015, 12:07 PM #4Banned
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Triton, why not consider using a combination of factoring and MCA;s to get your client the money?
Bob
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11-13-2015, 01:59 PM #5Member
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I can most likely do this. What is he looking to net?
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11-13-2015, 03:15 PM #6Senior Member
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Triton - I am a direct lender and we take first position on clients, consolidating balances.
Originally Posted by Triton
twelve - eighteen month term
Monthly payments
Early payoff available after six months, with no fees, penalties or interest (principle only)
I just met with a client this morning where we are looking at consolidating $1.37M so I think $210k would be OK. :-)
Let me know if you are interested in discussing.
Dan Page
dan@fundingstrategypartners.com
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11-13-2015, 05:02 PM #7Member
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Originally Posted by Triton
If they have real estate to pledge as collateral (commercial, residential, land) this would be a slam dunk with us if they're looking to consolidate. Average deposits and daily balance looks great. Definitely get in touch if you think it's feasible. 201-210-8552 or paul@oracleloans.comLast edited by pmoney; 02-08-2016 at 10:58 AM.
Paul Marzolla
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11-13-2015, 05:08 PM #8Senior Member
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That Hansel from WBL....so hot right now... Originally Posted by pmoney
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11-13-2015, 05:24 PM #9Banned
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images.jpg Originally Posted by FUNd
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11-13-2015, 06:15 PM #10Senior Member
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dying.... Originally Posted by anonymous
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