Cash Advance Lender Seeking Funding

**Zach** · 03-30-2016, 02:35 PM

I have a cash advance lender who is looking for some funds. They have real estate but need a lower rate. They $100,000 urgently to fund a deal.

Who can I take this to?

**Michael I** · 03-30-2016, 02:40 PM

Originally Posted by Zach

I have a cash advance lender who is looking for some funds. They have real estate but need a lower rate. They $100,000 urgently to fund a deal.

Who can I take this to?

you are 2 days early for april first

**TStein** · 03-30-2016, 02:50 PM

Sounds like something Marcus can do with DOUBLE DIGIT COMMISSIONS included.

**brokerCompany** · 03-30-2016, 02:51 PM

If Zach cannot do it no one can. Location of real estate value and debt/?

**Zach** · 03-30-2016, 02:52 PM

Originally Posted by brokerCompany

If Zach cannot do it no one can. Location of real estate value and debt/?

The problem is they have docs in on a deal that they can't fund... they can't afford to wait for a real-estate backed deal, or I would be all over it.

**Funder Mark** · 03-30-2016, 02:53 PM

What factor rate are they offering? If it is 1.45 over 4 months, maybe I can offer 1.35 over 5 months.....

**brokerCompany** · 03-30-2016, 03:04 PM

have them syndicate the deal or broker it out. Why are they trying to fund a deal they don't have cash money for..
Just have WBL fund the deal they are trying to fund, little late in the game to raise cash to be a funder. Cmon man lets get real on this has WBL guidelines distorted things that bad for you.

**Michael I** · 03-30-2016, 03:10 PM

wow you are serious ? cant wait for chambo or diamond comment on this one

**BoostAaron** · 03-30-2016, 03:15 PM

.......

**mcaguru** · 03-30-2016, 03:23 PM

Originally Posted by TStein

Sounds like something Marcus can do with DOUBLE DIGIT COMMISSIONS included.

Zach knows were to find me.

**FUNd** · 03-30-2016, 03:24 PM

Originally Posted by Zach

The problem is they have docs in on a deal that they can't fund... they can't afford to wait for a real-estate backed deal, or I would be all over it.

I'll bet their website talks them up like they've loaned millions to small businesses nationwide, or something similar...and they can't even fund the deals they approve. This is a good one.

**Zach** · 03-30-2016, 03:27 PM

Originally Posted by FUNd

I'll bet their website talks them up like they've loaned millions to small businesses nationwide, or something similar...and they can't even fund the deals they approve. This is a good one.

It's someone you definitely know, lol.

**Chambo** · 03-30-2016, 03:28 PM

Originally Posted by Michael I

wow you are serious ? cant wait for chambo or diamond comment on this one

This one is beyond comment. I had to read the first post multiple times to make sure I was seeing correctly

**FUNd** · 03-30-2016, 03:43 PM

Originally Posted by Zach

It's someone you definitely know, lol.

Now I have an idea...but nonetheless it being someone on the radar of (semi) reputable lenders makes this even more interesting.

**gerayin** · 03-30-2016, 04:04 PM

What is the name of the deal?

**Regium** · 03-30-2016, 04:05 PM

MCA company looking for a MCA to fund a MCA? Makes no sense.

They would make the same in commissions (considering 10-14pts) than net 10-14pts profit on the deal (revenue from deal minus cost of funds to fund the deal)

**AndyYSCISOdept** · 03-31-2016, 10:08 AM

Im still very confused as to how this makes financial sense?

**NoBigDeal** · 03-31-2016, 10:18 AM

Take it to Shark Tank. Mr. Wonderful has invested in the MCA space and has some connection with IOU

**anonymous** · 03-31-2016, 11:15 AM

Originally Posted by zach

i have a cash advance lender who is looking for some funds. They have real estate but need a lower rate. They $100,000 urgently to fund a deal.

Who can i take this to?

w...t...f...

**Chambo** · 03-31-2016, 11:22 AM

Originally Posted by AndyYSCISOdept

Im still very confused as to how this makes financial sense?

It doesn't, but the fund wants to have the deal on their books, even if nets nothing to them.

**Funder Mark** · 03-31-2016, 11:23 AM

Originally Posted by Chambo

It doesn't, but the fund wants to have the deal on their books, even if nets nothing to them.

Good point, especially if they are having a temporary cash problem, and will have future renewals.

**anonymous** · 03-31-2016, 12:48 PM

Originally Posted by Chambo

It doesn't, but the fund wants to have the deal on their books, even if nets nothing to them.

sounds like a solid funder! lol

**Zach** · 03-31-2016, 02:18 PM

Quick update guys, they now need $250K, they just got docs in on a $150K deal. They said they can stall by requesting additional stips for a day or two.

**Funder Mark** · 03-31-2016, 02:24 PM

Originally Posted by Zach

Quick update guys, they now need $250K, they just got docs in on a $150K deal. They said they can stall by requesting additional stips for a day or two.

SERIOUSLY??? This is why people complain about different funders, shady s*%t like this.

**J.Celifarco** · 03-31-2016, 02:46 PM

this is why you ant trust these new companies you never know what is going on behind the scenes

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