[stat]

if i recall correctly they used to have a similar product as Yellowstone, doing mostly D paper and hard to place deals; i know they restructured, and i've never really signed up with them, are they worth having in my arsenal of lenders?

[Triton]

not so much for the D-F paper stuff so much anymore. but they will give offers (usually pretty small) if you can't place them in the usual channels. they have a $5k starter program that works for some merchants that would elsewhere be declined.

[CO1]

Yeah at a 21 day term with a 1.51 plus fee's.

[FUNd]

You need a very desperate merchant, and you as an ISO need a lot of patience with their process and UW requests. (however to be fair, I've seen a huge uptick in extra stips required from lenders lately across the board)

If you have these two things, then yes, you can make some money with them.

[WayUp]

They are sketchy. I would send deals to them only as a last resort

[FUNd]

Last resort, yeah that's how they have strategically placed themselves in the market. Not because you find them "sketchy".

In fact, there are about 100 fools on this board who I find far more sketchy than Pearl Capital. At least I know they are a funder and not some co-broker or @gmail.com "lender".

[Funder Mark]

What is their ideal client these days? They used to be a place for D deals, what are they looking for now?

[FUNd]

2nd or 3rds. Avg sell are 4 month deals at 1.49-1.55. They seem to be comfortable in the 5-25K approval arena. Throw enough against the wall and some will stick. Take or leave type of product, I don't take a lot of time trying to talk people into these.

[happysales]

4th positions- 4 to 5 months at 1.45 to 1.47, which I think is good for a 4th position. I don't usually take these types of clients on, but these were very high volume merchants, so 4th was $30-80K.

[Fimerica]

I don't know why anyone would work with them. Right after we submitted deals to them, our client started to receive multiple calls from a lender on Pearl's same floor. Get the picture?

[FUNd]

No I don't get the picture. What's a "lender on Pearls same floor" mean? Are you accusing them of backdooring deals?

[FUNd]

I should add, I've had two very juicy large, clean deals in the past week that have been approved by the same MAJOR lender (not naming names), that were gangbusters excited to get funded, great rapport was built, proper cost of funds and payment conditioning deployed, and they both came back to me with the exact same story about why they weren't moving forward. So similar it sounded rehearsed or coached. (Both pulled an amazing "4%" loan approval from their local bank out of their ass at the last minute, as if they wouldn't have gone there first.)

But.....tis this industry, I can't do much about it, can I?

[bizloanbroker]

I used to work with them a lot but since Abe and Meir sold they are a train wreck, much less sleezy but still a disaster now to work with

[Michael I]

I don't know why anyone would work with them. Right after we submitted deals to them, our client started to receive multiple calls from a lender on Pearl's same floor. Get the picture?

I am not the biggest fan of theirs but they have never in over 5 years give us a reason to suspect back dooring

[Michael I]

I should add, I've had two very juicy large, clean deals in the past week that have been approved by the same MAJOR lender (not naming names), that were gangbusters excited to get funded, great rapport was built, proper cost of funds and payment conditioning deployed, and they both came back to me with the exact same story about why they weren't moving forward. So similar it sounded rehearsed or coached. (Both pulled an amazing "4%" loan approval from their local bank out of their ass at the last minute, as if they wouldn't have gone there first.)

But.....tis this industry, I can't do much about it, can I?

If you need help closing I can do it and split the commission with you

[bsmith]

I should add, I've had two very juicy large, clean deals in the past week that have been approved by the same MAJOR lender (not naming names), that were gangbusters excited to get funded, great rapport was built, proper cost of funds and payment conditioning deployed, and they both came back to me with the exact same story about why they weren't moving forward. So similar it sounded rehearsed or coached. (Both pulled an amazing "4%" loan approval from their local bank out of their ass at the last minute, as if they wouldn't have gone there first.)

But.....tis this industry, I can't do much about it, can I?

I nominate FUNd for most likely to dangle a carrot and not drop a name lol

[ADiamond]

I am not the biggest fan of theirs but they have never in over 5 years give us a reason to suspect back dooring

you sir are very naive

[FUNd]

If you need help closing I can do it and split the commission with you

Thanks Michael, no that's fine, the lender already closed them for me, and kept the commission, too.

[FUNd]

I nominate FUNd for most likely to dangle a carrot and not drop a name lol

Can't name drop without solid proof, and this one rises only to the level of 'reasonable suspicion'. It's also possible I'm just a ****ty salesperson.

[Michael I]

Thanks Michael, no that's fine, the lender already closed them for me, and kept the commission, too.

so stack the s**t out of it

[Michael I]

you sir are very naive

i can give you a list of lenders that i suspect and ones that i have solid proof . maybe i have a soft spot for them because when they first introduced stacking it doubled my income .

[AndyYSCISOdept]

LOL. Love it.

[Chambo]

Ironically, TBB was the first place I ever saw stacking (they refer to it as "side by side")
When Pearl went by Zeines Partners here at Yellowstone, they began stacking, blew my mind they could get away with it.

[FUNd]

Wonder what this space would look like without stacking of any kind...

[Chambo]

90% of the people on this forum wouldn't be here