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02-09-2016, 09:49 PM #1
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Direct Lenders ONly Please - 250k 12 Month Deal
3 points on 250K you call a win? I call it getting your pants pulled down, off, and flung across the room.
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02-10-2016, 09:46 AM #2
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02-10-2016, 10:40 AM #3
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02-10-2016, 10:46 AM #4
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02-10-2016, 10:47 AM #5
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I have an offer from three funders subject to final all presented to client - the lease was in the works but he needed the money for building improvements in order to upgrade his plant and power systems all not things a lease can provide. I did not look for the cash improvements until final approval on the lease was given on Monday. Its called customer service and working the deal to closing.
The lenders are aware of the equipment deal and the use of funds. And before you get confused the improvements are on a property he leases triple net and his landlord is not responsible for upgrading to 880 Three Phase power systems and he has to pay the power company to upgrade the feed service to the building. He also needs to install some Direct Current and Battery backups to use the New Equipment.Last edited by michaelh; 02-10-2016 at 10:55 AM.
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02-10-2016, 10:50 AM #6
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02-10-2016, 11:06 AM #7
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Its impossible to have an intelligent conversation with someone like you. The client has been a customer for 8 years on various leasing projects. And you wonder why this industry has such a bad reputation with people trying to bury the customer with Hugh commissions and fees. You want to rape clients on one time commission complaining that 3 percent on 250k is not a good days work and then you can do nothing but make smart ass comments to people who develop long term customers based on hard work and business solutions. This industry does really need some regulation.
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02-10-2016, 11:28 AM #8
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Is this what your experience has led you to believe? That we need regulation and are a bunch of 'rapists'? Let me break it down pee-wee: 3 points on 250K is NOT a good "days" work. If you ever ran a business you would know that there are costs, like admin, rent, marketing, payroll, TAXES, etc. - You're a certified idiot. Have fun not closing this deal. I'm done.
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