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04-19-2016, 01:33 PM #1
Two Tough Deals
Hello,
I have two unique situations:
1. Construction company who defaulted on 2 lenders a year ago after successfully paying 3 advances off with each of them. Reason for default was they had a partner who embezzled $100K from the business.
-Business has $500K of monthly revenue
-Business has a current advance with an A-Paper lender for $75K
-Business has letters from the lender they defaulted on stating that they have repaid in full and honored their debt
-590 FICO
-6-10 deposits monthly
-Average balances $30K or greater
-0 Negative days and NSFs
-Needs 9-month 1.39 or better paying 12 or more to myself
-Needs $300K or greater
2. Marketing company who has approximately $25MM of gross annual revenue.
-Business has $2MM of monthly revenue
-Business has a current advance with a C-Paper lender for $280K
-680 FICO
-50 to 80 deposits monthly
-Average balances $200K or greater
-0 Negative days and NSFs
-Needs 9-month 1.29 or better paying 5 or more to myself
-Needs $750K or greaterZachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-19-2016, 01:45 PM #2
- Join Date
- Jun 2015
- Posts
- 3,325
if they have collateral reach out to wbl
sorry couldn't control myself
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04-19-2016, 02:15 PM #3
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04-29-2016, 10:43 AM #4
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
Zach, I can work with deal number 2... PM me..
Mike
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04-19-2016, 05:44 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Two Tough Deals
Zack. The consteu tion company may be a prospect for factoring . Are they a commercial contsactor, prime or sub? Are their jobs bonded .
we just did a marketing company but their individual cluents were small and did not have the credit strength. However they paid well. We created an ABL for them that solved their problem.
Bob
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04-19-2016, 05:48 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Two Tough Deals
Please pardon my spelling all.
Bob
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04-19-2016, 06:29 PM #7
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
Do they own any real estate? I just can't remember who, but Someone on this forum does hard to fund real estate backed transactions. I'm sure you're be able to find out by using the search tool
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04-19-2016, 06:30 PM #8Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-20-2016, 09:57 AM #9
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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04-21-2016, 02:09 PM #10
Hey guys,
I am having some serious trouble getting these deals approved. I know there's someone out there who can do it.
Help!Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-21-2016, 02:25 PM #11
- Join Date
- May 2014
- Posts
- 53
Send it. German@mylifecapital.com
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04-21-2016, 02:26 PM #12
What's your number?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-21-2016, 02:35 PM #13
- Join Date
- May 2014
- Posts
- 53
pm
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04-21-2016, 04:30 PM #14
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Two Tough Deals
Are these yours or Zack's deals
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04-21-2016, 04:39 PM #15
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Two Tough Deals
Zack, sounds like you're almost desperate to talk to me
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