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06-24-2016, 02:14 PM #1
- Join Date
- Jun 2016
- Posts
- 9
lender recommendation
Merchant is looking for 50k on a credit card split. Deposits are at about 250k-300k. Does about 70k on credit cards, and has credit score above 650. Has one advance out for 117k. Industry: general merchadise. What lenders would consider coming in on this?
Last edited by Goliathfunding; 06-24-2016 at 02:17 PM.
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06-24-2016, 02:26 PM #2
i could do a lockbox on this with a 20% remit, if they truly average 70k per month in processing. or if they want to switch to integrity payment systems i can do a straight split. let me know!
Anthony Diamond
Underwriter
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06-24-2016, 06:04 PM #3
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
lender recommendation
We will do 2nds on occasion. If he really does the numbers that you say he does, there's plenty of room there. We could do a second position with a credit card split, no lockbox.
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Rich McKellar
www.linkedin.com/in/richardmckellar
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06-27-2016, 11:18 AM #4
- Join Date
- May 2016
- Posts
- 32
We can do 20% remit. Lockbox.
Please reach out to:
Linda@capitalseven.net
www.capitalseven.net
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