Results 1 to 9 of 9
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06-22-2016, 11:44 PM #1
- Join Date
- Apr 2016
- Posts
- 26
MCA Deal with Real Estate as Collateral
Is it legal for a direct funder to fund an MCA deal(not a loan) requiring the merchant's real estate as collateral as well? Can some direct funder shed some lights on the pro/con in this scenario? Is the contract enforceable under the law?
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06-23-2016, 07:11 PM #2
- Join Date
- Apr 2016
- Posts
- 26
I am surprised there is no activity in this discussion. Where are all the MCA gurus? It is not weekend yet. :-)
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06-23-2016, 07:14 PM #3
No one dares compete with me ;-)
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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06-23-2016, 07:38 PM #4
- Join Date
- Apr 2016
- Posts
- 26
LoL. I love it Zach. I guess only WBL can pontificate about these asset based lending deals.
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06-23-2016, 07:45 PM #5
- Join Date
- Jul 2015
- Posts
- 1,202
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06-23-2016, 08:11 PM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
It is my limited understanding that if the Lender is licensed and registered in a State that does not have a Usury Law (say Nevada for example) they can charge what the market will bear.
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06-24-2016, 09:02 AM #7
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Small balance loans and MCAs collateralized by personal real estate face a completely different set of laws. We looked at it briefly as a lender (not MCA, and never had any intention of doing it), it's tricky and, based on my understanding, opens up a whole new can of worms. As an example, I'm pretty sure even WBL doesn't lend backed by RE in Texas, but I may be wrong.
WBL is likely your best bet...Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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06-24-2016, 12:51 PM #8
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06-24-2016, 01:16 PM #9
I am patiently waiting in the shadows
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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