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01-04-2016, 02:44 PM #1
Any Lenders doing Collateral Based Loans on Semi Trucks?
I have a borrower that's trying to get a loan against 2 Semi Trucks he owns free & clear. He's been an over the road operator for 3 yrs and is trying to get into Commercial Logging. He's trying to get $15,000 and needs it for about 60 days until he gets set up. One of the semi's is a 2001 9900 International and the other is a 1999 92 International. Both is great shape! Looking for direct lenders / No Brokers
*Not looking for a Cash Advance, but a Sale Leaseback type of deal!Last edited by NickHubbard; 01-04-2016 at 03:32 PM.
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01-04-2016, 02:53 PM #2
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- Jul 2014
- Location
- Jackson Hole Wy
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- 727
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01-04-2016, 02:58 PM #3
Are you a direct lender?
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01-04-2016, 03:12 PM #4
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- Oct 2013
- Location
- New York, NY
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Omega is a good guy to work with. Ill vouch for em. absolutely.
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01-04-2016, 03:20 PM #5
Hey Omega! How do I get in touch with you? Just tried calling you on the number listed on your website
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01-04-2016, 03:21 PM #6
Had the same issue.
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01-04-2016, 03:37 PM #7
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- Oct 2013
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- New York, NY
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omega, can I give them you irect contact Information I have on file?
Andrew J. McDonald
Director of ISO Development
Yellowstone Capital LLC
1 Evertrust Plaza
Suite 1401
Jersey city, NJ 07302
PH - 347.464.0785
FX - 646.213.1790
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01-04-2016, 03:45 PM #8
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- Jul 2014
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- Jackson Hole Wy
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- 727
Thanks andy appreciate it.
Yes we direct but not on trucks.
I am bit busy this new year but email me direct and I will give you couple of names for direct lenders for trucks
Bzuniga@omegafund.com
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01-05-2016, 05:04 AM #9
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- Apr 2015
- Posts
- 297
Total garbage.
Why are you using an outlook.com email address?? Do you not have an official email?Last edited by Triton; 01-05-2016 at 12:36 PM.
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01-05-2016, 12:10 PM #10
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- Mar 2014
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- Ann Arbor, Michigan
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01-05-2016, 12:35 PM #11
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- Jul 2014
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Hey, BOB, this type of deal is done all the time against trucks that are even 20 years old, depending on the mileage and condition. How about before you start spouting off, you stick to what you're good at? We all know you're old man river, and know everything about everything, but us mid-career guys can still teach you a thing or two.
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01-05-2016, 01:04 PM #12
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
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- 1,289
Any Lenders doing Collateral Based Loans on Semi Trucks?
F, of course you are correct but this deal will not fly. If it does I'll give the broker a few hundred dollars for the lender's name and will admit to being wrong.
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01-05-2016, 01:30 PM #13
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- Jun 2015
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- 3,322
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01-05-2016, 01:33 PM #14
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01-05-2016, 01:55 PM #15
- Join Date
- Mar 2014
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- Ann Arbor, Michigan
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- 1,289
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01-05-2016, 02:08 PM #16
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- Mar 2014
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- Ann Arbor, Michigan
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- 1,289
Trucks
BTW, my question to Nick is a valid one. The people here only have two things to sell. time and knowledge.
These two trucks have been on the road for three years and typically on road vehicles run several hundred thousand miles per year. We don't know where they spend their earlier life but we can assume that their are substantially more than 600,000 miles on each truck.
A cursory glance on Google will tell you that this model 15 year old truck is difficult to find a value for meaning it's worth very little.
Nick, as I said earlier, I'll be glad to pay you a few hundred dollars for the name of the lender you find to get this deal done.
I just think your time is better spent.
Bob
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