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  1. #1

    Consolidation

    Have a client that does 150k a month consistently. Has 1 loan out of 37k left. Looking to consolidate it and net a little. Her daily right now is 529. She's looking for it to be under 500 a day. Anyone?

  2. #2
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    Nate,

    What does the Company do? I might be able to help if they would consider factoring.

    Best,

    Kevin
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
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    sent you a private message
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  4. #4
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    Quote Originally Posted by nateteabs View Post
    Have a client that does 150k a month consistently. Has 1 loan out of 37k left. Looking to consolidate it and net a little. Her daily right now is 529. She's looking for it to be under 500 a day. Anyone?
    Deal sounds like a slam dunk, how come the first position company isn't renewing them?

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    Quote Originally Posted by nateteabs View Post
    Have a client that does 150k a month consistently. Has 1 loan out of 37k left. Looking to consolidate it and net a little. Her daily right now is 529. She's looking for it to be under 500 a day. Anyone?
    Fusion Capital can do it apps@fusionadvances.com

  6. #6
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    you can go to any a lender and have him net 50% . if its a 12 month 80k hes daily will be lowered to like 393 . if you can get 15 or 18 months all the better .
    Whats the catch on the file

  7. #7
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    If you have not found a home for this file, I would love to take a look at it.

    Daniel
    Daniel@SamsonPartnersLLC.com
    347-682-5727

  8. #8
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by nateteabs View Post
    Have a client that does 150k a month consistently. Has 1 loan out of 37k left. Looking to consolidate it and net a little. Her daily right now is 529. She's looking for it to be under 500 a day. Anyone?
    What's the catch?

  9. #9
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    Nate, I would grab it and if they are profitable, fund it in a heartbeat (consolidating the first loan and providing cash out). But we are trying not to do anything less than $100k. You should reach out to Carl Fairbank at Breakout Capital. This sounds like it is in his wheelhouse.

    Let me know if you need an introduction. I don't need anything from it. Just happy to introduce.

    Best,

    Dan Page
    dan@fundingstrategypartners.com

  10. #10
    Member Reputation points: 10 pmoney's Avatar
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    Sent you a PM, can do $88,000 total and keep the payment at $499/day, but need to know credit, industry, and whether they have the property to make it work. Definitely let me know: paul@oracleloans.comor 201-210-8552
    Last edited by pmoney; 02-08-2016 at 10:52 AM.
    Paul Marzolla
    CEO @ GreenBridge Loans

    ______________________________________________

    Main: (800) 677-5771
    Email: paul@greenbridgeloans.com

    Connect with me on LinkedIn

    Click to download our Partner Agreement
    ______________________________________________

    GreenBridge Loans
    221 River St, 9th Fl
    Hoboken, NJ 07030
    www.greenbridgeloans.com

  11. #11
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    Love how the WBL guys always slide in the 100% no exception, must have, low LTV property collateral requirement last on every pitch.

  12. #12
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Pretty sure they get fired if they dont.

  13. #13
    Member Reputation points: 10 pmoney's Avatar
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    Quote Originally Posted by FUNd View Post
    Love how the WBL guys always slide in the 100% no exception, must have, low LTV property collateral requirement last on every pitch.
    Well think about it... If I don't mention the collateral aspect and I get a call only to find out they don't own real estate then everyone's time is wasted. I don't know about you but time as by far my most valuable commodity. And to be honest the LTV requirement isn't that low; many commercial lenders can't even do a 2nd position up to 75% CLTV with no credit score requirements, and good luck finding funding for a 3rd position on raw land regardless of the CLTV. Personally, I'd set the value limit even lower if it was my money on the line considering many areas currently have inflated real estate values, but that's an entirely separate subject.
    Paul Marzolla
    CEO @ GreenBridge Loans

    ______________________________________________

    Main: (800) 677-5771
    Email: paul@greenbridgeloans.com

    Connect with me on LinkedIn

    Click to download our Partner Agreement
    ______________________________________________

    GreenBridge Loans
    221 River St, 9th Fl
    Hoboken, NJ 07030
    www.greenbridgeloans.com

  14. #14
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    Consolidation

    Your rates for a fully secured loan instrument more than justify the loose credit requirements.

  15. #15
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    Quote Originally Posted by dpFund View Post
    Nate, I would grab it and if they are profitable, fund it in a heartbeat (consolidating the first loan and providing cash out). But we are trying not to do anything less than $100k. You should reach out to Carl Fairbank at Breakout Capital. This sounds like it is in his wheelhouse.

    Let me know if you need an introduction. I don't need anything from it. Just happy to introduce.

    Best,

    Dan Page
    dan@fundingstrategypartners.com
    Thanks, Dan! We definitely can help here, if you haven't placed it, please reach out. Contact info below.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

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