Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1
    Member Reputation points: 10 ISO.handler2015's Avatar
    Join Date
    Nov 2015
    Location
    NYC
    Posts
    32

    Post commission is WAAAAY bigger

    If you have merchants that have more than 5 NSF`s, 5 Negative days, Credit score below 500, they get declined. BUT....if they own a house or business and have some equity, they still may be able to get approved.
    Signing up with WBL deals that would go by the wayside have 1 more shot at getting funded. Since there is collateral involved they will get better rates, longer terms, and more money. Takes a little bit longer than 2 days but if it`s decline anyway, it`s worth forwarding and email with info you already have right?
    It`s just 1 extra question when speaking to the merchant. Regardless of positions, we can still get it done. Sometimes we can get them an ACH or MCA deal AND a collateralized (bank deals as we call them) your commission is WAAAAY bigger.
    If they have good deposits or take credit cards we can put out competitive offers & fund the deal also, we do all 3. Call or email me and I will send you the details and ISO Agreement. My direct contact info is below.

    Regards,

    Kieran McQuaid
    ISO Relations / Business Development
    World Business Lenders
    120 W. 45th St. 29th Floor
    New York, NY 10036
    Direct: (212) 271-8286
    Mobile: (212) 470-7188
    Fax: (646) 607-5341
    Email: kmcquaid@wbl.com

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    if they have Real Estate, i have much better terms and rates , 3 year - Interest only starting at 7.75% - we specialize in commercial and non-owner occupied residential.

    We don't care about NSF or Neg days - this is truly an asset based loan.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  3. #3
    Senior Member Reputation points: 301165
    Join Date
    Jun 2015
    Posts
    3,313

    Quote Originally Posted by Jstarr View Post
    if they have Real Estate, i have much better terms and rates , 3 year - Interest only starting at 7.75% - we specialize in commercial and non-owner occupied residential.

    We don't care about NSF or Neg days - this is truly an asset based loan.
    What is commission like ? His heading is commission is way bigger . I get your product might be better for the merchant but wick way will the ISO make more

  4. #4

    if I may chime in...

    Quote Originally Posted by Michael I View Post
    What is commission like ? His heading is commission is way bigger . I get your product might be better for the merchant but wick way will the ISO make more
    The short sighted person is looking to make more off of the client on the initial transaction, but if you get the merchant a good deal with a average commission then you will make more in the long run...why??? because the merchant will trust you and know you operated out of integrity. Business owners know other business onwers and they talk and recommend people amongst they're circles.

    If you want to make money and continue to make money you must have vision!

  5. #5
    Veteran Reputation points: 157541 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,504

    Quote Originally Posted by prosperity View Post
    The short sighted person is looking to make more off of the client on the initial transaction, but if you get the merchant a good deal with a average commission then you will make more in the long run...why??? because the merchant will trust you and know you operated out of integrity. Business owners know other business onwers and they talk and recommend people amongst they're circles.

    If you want to make money and continue to make money you must have vision!
    Yes but what is the number? What s the average commission on a transaction with you??
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  6. #6
    Senior Member Reputation points: 54
    Join Date
    Mar 2016
    Posts
    120

    For us, the commission to a referral agent who's direct to borrower on a commercial real estate loan that closes is 50% of realized commission.

    That's the easiest way to describe the rate as every loan amount is different.

    For loans under $1mm, there are typically 2 or 3 broker and/or lender points generally speaking.

    Loans over $1mm might be 2-3 points also if the loan has some sticky wickets, bad FICO, MSA or other hair. Cleaner loans from $1mm - say around $50mm are typically a point, maybe 2.

    Anyway on a commercial real estate purchase, refi or bridge loan it's easiest to figure commission as a percentage of total loan amount at close of escrow. Except in the case of a credit facility or other non collateralized loan 99% of the time commission is paid from title company at close.

    The documents required for most commercial real estate loans are more than an mca loan and take about 30-90 days as opposed to 1-4 days for an mca, which frustrates a lot of people familiar with mca.

  7. #7
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    For the folks here that want to do their own Real Estate deals go to SCOTSMANGUIDE.COM and do a lender search. There are several DIRECT LENDERS and intermediaries that can help you get cheaper capital for your clients.

    You can ask the lender if there is 'Yield Spread Premium' (YSP) so that you can add points to the deal via the interest rate- saving the clients origination fees.

    REAL ESTATE IS TIME CONSUMING with several possible pitfalls.. Definitely not black and white. In most states you DO NOT need a Mortgage Brokers license, but if the deal is in a state that requires one, there are intermediaries that are happy to share revenue..

  8. #8
    Quote Originally Posted by RichardGerard View Post
    REAL ESTATE IS TIME CONSUMING with several possible pitfalls.. Definitely not black and white. In most states you DO NOT need a Mortgage Brokers license, but if the deal is in a state that requires one, there are intermediaries that are happy to share revenue..
    Any experts want to shed some light on this?

    - Which states require you to have a mortgage broker license when brokering a deal for a merchant(business) + real estate as collateral?

    - Which states require you to have a mortgage broker license when brokering a deal for a person + real estate as collateral?

Similar Threads

  1. Replies: 10
    Last Post: 04-14-2018, 04:37 PM
  2. What does commission for PO Financing look like?
    By Quickfunder in forum Deal Bin
    Replies: 4
    Last Post: 06-16-2015, 02:38 PM
  3. Commission Rates
    By M4-Global in forum Merchant Cash Advance
    Replies: 4
    Last Post: 01-06-2015, 08:06 PM
  4. commission on non-mca loans
    By Paperchaser in forum All Other Lending
    Replies: 1
    Last Post: 11-18-2014, 07:11 PM
  5. Replies: 1
    Last Post: 03-21-2014, 03:17 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY