150k @ 1.22 16 months... CAN WE BEAT IT?
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  1. #1

    150k @ 1.22 16 months... CAN WE BEAT IT?

    Merchant has a offer at 150k over 16 months at a 1.22.... any bank want to do this deal so im able to make some points on this.

    please call 7183804886 asap

  2. #2
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    Can I ask for the sake of curiousity what the points are on the 1.22 16 month offer?

  3. #3
    Quote Originally Posted by AndyYSCISOdept View Post
    Can I ask for the sake of curiousity what the points are on the 1.22 16 month offer?
    I don't think he knows. It sounds like the merchant has an offer from a different ISO.

    Either way, I would just get an approval, take 0-1 points to beat this offer but take a psf.

  4. #4
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    If he was approved at that rate with Can maybe merchant would qualify for a deal term loan with FC or dealstruck. Sell them on a better structure

  5. #5
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    Hey Nick,
    Give myself or Christina Kang a call and we'll see what we can do.

    Quarterspot

  6. #6
    Finding out points right now, I am a broker this is my direct merchant. i need to find a better offer on this ASAP.

  7. #7
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    Quote Originally Posted by Nick Stone View Post
    Finding out points right now, I am a broker this is my direct merchant. i need to find a better offer on this ASAP.
    By better offer you mean one that pays more or literally a cheaper longer term? Because the latter is going to be tough esp if you wanna make a single dollar

  8. #8
    That offer wouldn't happen to be for a plumbing company out of TX would it? Because I literally saw the same approval this morning.

  9. #9
    Senior Member Reputation points: 32658 Zach's Avatar
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    I don't think anyone will beat that.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  10. #10
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    Quote Originally Posted by Triton View Post
    I don't think he knows. It sounds like the merchant has an offer from a different ISO.

    Either way, I would just get an approval, take 0-1 points to beat this offer but take a psf.
    0-1 points LMAO. What are you, a not for profit organization?

  11. #11
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Nick Stone View Post
    Merchant has a offer at 150k over 16 months at a 1.22.... any bank want to do this deal so im able to make some points on this.

    please call 7183804886 asap
    Sounds like ODC direct. You ain't gonna beat that and make any coin

  12. #12
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    Quote Originally Posted by FUNd View Post
    0-1 points LMAO. What are you, a not for profit organization?
    seriously, you guys are messing it up for everyone else trying to make a buck! max it out homie! This guy is making you search high and low for a 150k deal when you can potentially make more commission on a small 15k deal...

    your driving down everyone else's margins due to your inability to close.... sell or be sold

  13. #13
    Chambo's right, smells like ODC and they're tough to compete with unless you're willing to make 3 dollars and a snickers bar on the commission
    Michael Jagiello
    Director of Client Acquisitions
    Blue Granite Funding LLC
    mjagiello@bluegranitefunding.com
    1(718)873-6407 Cell
    1(917)791-8911 Fax

  14. #14
    hahaha @FUNDd your mad funny,, No i enjoy 10% origination fee's. I Hit a couple of your merchants with that fee, they loved it.

  15. #15
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    Quote Originally Posted by Nick Stone View Post
    hahaha @FUNDd your mad funny,, No i enjoy 10% origination fee's. I Hit a couple of your merchants with that fee, they loved it.
    Uh, no you didn't. Do you also enjoy violating your ISO agreements by taking origination fees without disclosure, send me your name, we'll take care of that for you.

  16. #16
    Senior Member Reputation points: 5034 AlexSMF's Avatar
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    Quote Originally Posted by FUNd View Post
    Uh, no you didn't. Do you also enjoy violating your ISO agreements by taking origination fees without disclosure, send me your name, we'll take care of that for you.
    FUNd, make sure to take "mad care of him"

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