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12-17-2015, 12:58 PM #1
- Join Date
- Oct 2015
- Posts
- 42
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?
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12-17-2015, 01:01 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Nate,
What does the Company do? I might be able to help if they would consider factoring.
Best,
KevinKevin 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
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12-17-2015, 01:05 PM #3
- Join Date
- Jul 2015
- Posts
- 120
sent you a private message
Brent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
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12-17-2015, 01:08 PM #4
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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12-17-2015, 01:20 PM #5
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
Fusion Capital can do it apps@fusionadvances.com
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12-17-2015, 01:30 PM #6
- Join Date
- Jun 2015
- Posts
- 3,326
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
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12-17-2015, 01:47 PM #7
- Join Date
- Oct 2014
- Location
- New York
- Posts
- 53
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
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12-17-2015, 03:08 PM #8
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12-17-2015, 03:56 PM #9
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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12-17-2015, 08:33 PM #10
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
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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12-17-2015, 05:07 PM #11
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
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12-17-2015, 05:26 PM #12
- Join Date
- Jul 2014
- Posts
- 1,746
Love how the WBL guys always slide in the 100% no exception, must have, low LTV property collateral requirement last on every pitch.
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12-17-2015, 07:09 PM #13
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
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12-17-2015, 05:55 PM #14
Pretty sure they get fired if they dont.
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12-17-2015, 07:33 PM #15
- Join Date
- Jul 2014
- Posts
- 1,746
Consolidation
Your rates for a fully secured loan instrument more than justify the loose credit requirements.
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