Results 1 to 17 of 17
Hybrid View
-
12-30-2015, 07:59 PM #1
- Join Date
- Oct 2015
- Posts
- 42
2nd position,150k 12 month
Restaurant doing 250k consistently. Has 1 loan out with business backer with around 200k left. They are looking for 150k min. of 10 month. Any ideas??
-
12-30-2015, 10:22 PM #2
- Join Date
- Apr 2014
- Posts
- 781
Not going to happen...that's that.
-
12-31-2015, 09:30 AM #3
- Join Date
- Aug 2015
- Location
- miami
- Posts
- 48
never gonna happen dead deal ...and like golf2014 said thats that...
-
12-31-2015, 10:04 AM #4
- Join Date
- Jun 2015
- Posts
- 3,326
wow you guys need to broaden your lenders .there is at least 4 that can do that
-
12-31-2015, 10:34 AM #5
-
12-31-2015, 11:37 AM #6
-
12-31-2015, 11:43 AM #7Wall Funding ISO Team
646-979-2161
partners@wallfunding.com
http://wallfunding.com/
30 Broad St, New York, NY, 10004
-
12-31-2015, 10:06 AM #8
- Join Date
- Oct 2015
- Posts
- 42
2nd position,150k 12 month
Which ones would be able to do it?
-
12-31-2015, 10:16 AM #9
I don't think quarterspot will do 150k if he owes out 200 but they could definitely entertain a 12 month term at a 2nd
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
-
12-31-2015, 10:39 AM #10
- Join Date
- Jun 2015
- Posts
- 3,326
zach likes giving out all that info at of the goodness of his heart .
bgf is right quarterspot is one and i did a 150k second with them that had a 500k balance
-
12-31-2015, 10:48 AM #11
Since he already has a balance with BB, they're out. They do longer-term seconds with good pricing.
IOU Central does 12-month 2nd's around 1.25-1.33.
Quarterspot as well, although their pricing is based on an algorithm so I've seen it vary from 1.25 to 1.50.
After asking my sales floor, I believe Windset does 2nd's on a case-by-case. We aren't 100% sure on this one, so double check with your rep.
LoanMe does 10-year seconds with a monthly payment.
WBL does 12 month 2nd's as low as 1.33 (buy rate). We can also extend much longer terms than 12 months.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
12-31-2015, 10:50 AM #12Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
01-05-2016, 12:05 PM #13
- Join Date
- Dec 2015
- Location
- San Diego, CA
- Posts
- 25
I might be able to help you! Give me a call.
Stiina Luedtke
StockTrade, LLC
5752 Oberlin Drive Suite 107
San Diego, CA 92121
sluedtke@stocktradellc.com
858-240-2533
-
01-05-2016, 12:56 PM #14
Anything ever happen with this?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
01-06-2016, 03:15 PM #15
- Join Date
- Dec 2014
- Location
- NYC/Florida
- Posts
- 86
This deal is far from done, I could easily get 100k for them. \
-
01-06-2016, 03:42 PM #16
- Join Date
- Sep 2014
- Posts
- 720
iou / qs uw models are based more on cash flow/% of rev. allocated to pmts than amount of outstanding debt in my experience. wouldn't be surprised to see $100K+ from them on this deal if his BB payments are at a reasonable level depending on how they score out. quite possibly even $150K. iou would likely be more conservative on amount though as they have more aggressive safe guards in place for this scenario (have to look up actual formula). not a deal deal. not even close. iou/qs doesn't do it, higher risk lenders will, 8 month term though. close it!
-
01-06-2016, 04:10 PM #17
Similar Threads
-
2nd position 9 or 12 month deal other than IOU or Quarterspot
By AlexSMF in forum Deal BinReplies: 9Last Post: 01-12-2023, 03:10 PM -
12 month 3rd position
By stefmarr in forum Deal BinReplies: 9Last Post: 12-10-2015, 11:12 AM -
300K/month 2nd position (FC) Trucking
By Lizavetee in forum Deal BinReplies: 8Last Post: 08-18-2015, 05:18 PM -
Auto Dealer in TX - 720 Fico - $350k a month - looking for $100-$150k at around 1.20
By Increment1 in forum Deal BinReplies: 8Last Post: 04-18-2015, 09:38 PM -
2nd Position Restaurant Lots of Negative Days in 1 month out of 4
By danra in forum Deal BinReplies: 2Last Post: 07-31-2014, 07:24 PM