Results 1 to 13 of 13
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01-26-2016, 03:00 PM #1
- Join Date
- Oct 2015
- Posts
- 42
Consolidation, interesting deal
I have a merchant doing 150k a month consistently. They have 3 positions out. 1with 50k left. 1 with 27k left and 1 around 7 left.
They want to consolidate the 2 small ones totalling in 35k and net around 25.
Anyone?
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01-26-2016, 03:04 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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01-26-2016, 03:05 PM #3
- Join Date
- Nov 2013
- Posts
- 598
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01-26-2016, 03:16 PM #4
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Reach out to Carl with Breakout Capital - He'll need to take out all 3 positions though...
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01-26-2016, 03:21 PM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Just a FYI that I am a legitimate direct lender :-) and I do not have a max on the number of positions we will consolidate (I have consolidated eight positions, several times). I did not respond to this file though, since it looks too small for me (I have $100k minimum, $2M max). I agree this might be a fit for Carl at Breakout.
Best,
Dan Page
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01-26-2016, 03:23 PM #6
- Join Date
- Nov 2015
- Posts
- 6
Consolidating is one of my specialties. I can definitely buy out all, unless told otherwise.
What is their time frame?
Contact me at any possible time 347-391-2773
Email: Eli@funding-zone.com
Eli Fuzailov
Off: 877-490-9192 x 103
Dir: 347-391-2773
Fax: 877-702-2049
75 Maiden Lane
New York, NY 10038
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01-26-2016, 03:24 PM #7
- Join Date
- Oct 2015
- Posts
- 42
Consolidation, interesting deal
It's an oil company
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01-26-2016, 04:45 PM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Consolidation, interesting deal
They might qualify for an ABL that will be much less expensive than an advance.
please send me your contact information and a time to call.
Even if you chose not to use our services now I would like a few minutes to introduce myself.
Bob
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01-26-2016, 04:46 PM #9
- Join Date
- Oct 2015
- Posts
- 42
Consolidation, interesting deal
Nathan
7189082434
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01-26-2016, 04:54 PM #10
the problem with deals like this, is even if you got the 2 smaller positions consolidated, the over all balance left over (about $100K) would be eating up 20-25% of the gross income. Almost nobody can survive off of that, and they'll be back to stack again in a month or two.
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01-26-2016, 05:24 PM #11
Depending on the strength of their collateral, I can lend up to $450K for this one.
Give me a call for the details.Last edited by Zach; 01-27-2016 at 12:19 AM.
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01-28-2016, 12:54 PM #12
- Join Date
- Jan 2016
- Location
- New York City
- Posts
- 9
hey OP, are all three positions HFLs? pulling daily or weekly?
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01-28-2016, 01:49 PM #13
- Join Date
- Jan 2016
- Posts
- 20
Yes, with ANY TYPE of real estate as collateral. So long as Net Equity is available. Call me to discuss. 212-271-8266 eligius.romero@wbl.com
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