Pearl Deal, Back To The Old Ways?

**Funder Mark** · 07-06-2016, 10:37 AM

I just had a deal submitted, where the client had received funding from Pearl, and said they got Funded $17,075, and the Payback is $26,839.00. To me that looks like a 1.57 rate. Before I ask the client for a copy of the Pearl contract, does that even make sense? What kind of offers have people been seeing from Pearl recently?

**anydealfunded** · 07-06-2016, 10:38 AM

They are fee *****s...it's a 1.49 + 8% in fees. Where have you been?

**Funder Mark** · 07-06-2016, 10:42 AM

Away from there, also I haven't heard much about them recently. So I guess the client meant that the $17,075 is once you take out the fees, and if you divide the payback by the remaining amount, thats the effective factor.

**TStein** · 07-06-2016, 10:44 AM

They did seem more conservative for a time after their buyout, but from what I've seen as Andy said, 1.49 is the standard rate with max upsell.

I've seen them fund some crazy deals lately as well. To me they have become the funder of the unfundables.

**Michael I** · 07-06-2016, 10:56 AM

Originally Posted by anydealfunded

They are fee *****s...it's a 1.49 + 8% in fees. Where have you been?

wow your lucky . i usually get over 8% from them . totally out of control

**arezalmighty** · 07-06-2016, 11:01 AM

Why use them then?

**FCG** · 07-06-2016, 11:05 AM

Pearl goes out to 1.57 but they will not fund max amount at that rate.

**MCNetwork** · 07-06-2016, 11:22 AM

Originally Posted by arezalmighty

Why use them then?

Because they can fund the deals even Yellowstone won't touch. The risk justifies the high rates.

**FCG** · 07-06-2016, 11:26 AM

#PearlMan

**NoBigDeal** · 07-06-2016, 11:30 AM

Originally Posted by MCNetwork

Because they can fund the deals even Yellowstone won't touch. The risk justifies the high rates.

Pearl's "D" graded deals are priced between a 1.37 and 1.57. It's possible the client was priced that way if that's how Pearl graded the merchant, however it's always up to the broker where to sell the factor. If sold at a 1.57, I'd imagine the broker got max commission.

For the record, those aren't the kind of deals Pearl is going crazy over in order to fund. They just got a nice line of credit for their higher quality paper and are now doing 1.25 buy rates over 12 months on those kind of deals
They also have a promotion this month for an extra 4 point bonus (on funded) for any deal over 40k.
PM me if you're not signed up already, or reach out to your reps to find out more

**mcaguru** · 07-06-2016, 11:41 AM

Originally Posted by MCNetwork

Because they can fund the deals even Yellowstone won't touch. The risk justifies the high rates.

I cant talk for Yellowstones UW but I can tell you "I doubt" Cresthill Capital would decline a file that Pearl would make an offer on...but everyone is a friendly competitor and my hats off to anyone and everyone looking to dart wires at small merchant USA in need of capital.

**Michael I** · 07-06-2016, 11:55 AM

Originally Posted by mcaguru

I cant talk for Yellowstones UW but I can tell you "I doubt" Cresthill Capital would decline a file that Pearl would make an offer on...but everyone is a friendly competitor and my hats off to anyone and everyone looking to dart wires at small merchant USA in need of capital.

and your fees on a 10k deal is ? also whats your cap on funding ?

**Michael I** · 07-06-2016, 11:56 AM

Originally Posted by arezalmighty

Why use them then?

necessary evil . you will be surprised on some things they will do

**mcaguru** · 07-06-2016, 12:20 PM

Originally Posted by Michael I

and your fees on a 10k deal is ? also whats your cap on funding ?

probably from the lowest in the B-D funding space.

**fund it** · 07-06-2016, 12:35 PM

whats the grid marcus ?

**funded** · 07-06-2016, 12:44 PM

Haha who's still there anyway I heard almost all there employees went to new era

**NoBigDeal** · 07-06-2016, 12:50 PM

Originally Posted by funded

Haha who's still there anyway I heard almost all there employees went to new era

you mean an admin and 2 back office people? nah, there are definitely still enough people here to service all the ISO's who are signed up with us

**mcaguru** · 07-06-2016, 01:18 PM

Originally Posted by fund it

whats the grid marcus ?

fill out the info on link and will get you on board... 3 hours offers...fewest stips (especially files under 25k) and funds usually hours after contracts-back-in....

http://cresthillcapital.com/index.html#iso

**fund it** · 07-06-2016, 01:33 PM

Originally Posted by mcaguru

fill out the info on link and will get you on board... 3 hours offers...fewest stips (especially files under 25k) and funds usually hours after contracts-back-in....

http://cresthillcapital.com/index.html#iso

whats the grid ? would like to know how low you are compared to competitors

**Chambo** · 07-06-2016, 02:02 PM

Fund It,....you haven't figured out Marky Mark yet? He wants to lure you into signing up with his company....that is what he is paid to do.

OF COURSE he isn't going to openly be honest with terms, fees and approval #'s on here. Then everyone would know the truth and he couldn't spin and lie

**Michael I** · 07-06-2016, 02:18 PM

Originally Posted by mcaguru

fill out the info on link and will get you on board... 3 hours offers...fewest stips (especially files under 25k) and funds usually hours after contracts-back-in....

http://cresthillcapital.com/index.html#iso

unbelievable how you can never answer a question straight . at least you didn't do some moronic analogy that has nothing to with anything this time

**J.Celifarco** · 07-06-2016, 02:21 PM

Originally Posted by Michael I

unbelievable how you can never answer a question straight . at least you didn't do some moronic analogy that has nothing to with anything this time

when people realize you get further with honesty and being straight forward then avoiding questions and BS this industry will be a better place

**fund it** · 07-06-2016, 02:29 PM

Originally Posted by Chambo

Fund It,....you haven't figured out Marky Mark yet? He wants to lure you into signing up with his company....that is what he is paid to do.

OF COURSE he isn't going to openly be honest with terms, fees and approval #'s on here. Then everyone would know the truth and he couldn't spin and lie

thanks chambo

if you cant put the grid out here i dont see why i should sign up

**HDF** · 07-06-2016, 02:45 PM

Originally Posted by Michael I

unbelievable how you can never answer a question straight . at least you didn't do some moronic analogy that has nothing to with anything this time

With all do respect to the good ones, there is no larger a vacuum of talent and ethics in this business than within those running around with the ISO Relationship, ISO Business Development titles. (I'm mostly talking about the brand new ones with little or no training). Mainly bottom feeders who can't sell, can't manage, and can't tell the truth.

The great ones - many of whom contribute here- have the capability and availability to dive into a file and get things done as best they can. The good ones also bring value to the table other than self promotion and promises of riches. Some might even have the capability to build a personal relationship with a broker or ISO. God forbid.

What it seems that no one has, is anything proprietary or cutting edge.....

**Triton** · 07-06-2016, 05:35 PM

I've NEVER gotten more than 4% fees on a Pearl deal and on many occasions gotten the fees waived other than the small ACH fee.If you're getting 8% fees on your deals you need to switch your contact.

If you want my guys number, shoot me a message.

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