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07-06-2016, 10:37 AM #1
Pearl Deal, Back To The Old Ways?
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?
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07-06-2016, 10:38 AM #2
- Join Date
- Oct 2014
- Posts
- 257
Pearl Deal, Back To The Old Ways?
They are fee *****s...it's a 1.49 + 8% in fees. Where have you been?
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07-06-2016, 10:56 AM #3
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- Jun 2015
- Posts
- 3,326
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07-06-2016, 10:42 AM #4
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.
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07-06-2016, 10:44 AM #5
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
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.Tommy Stein
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07-06-2016, 11:01 AM #6
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07-06-2016, 11:56 AM #7
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- Jun 2015
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- 3,326
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07-06-2016, 11:05 AM #8
- Join Date
- Feb 2016
- Posts
- 244
Pearl goes out to 1.57 but they will not fund max amount at that rate.
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07-06-2016, 11:22 AM #9
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
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07-06-2016, 11:30 AM #10
- Join Date
- Mar 2016
- Posts
- 657
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
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07-06-2016, 11:41 AM #11
- Join Date
- Dec 2013
- Posts
- 4,713
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.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-06-2016, 11:55 AM #12
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- Jun 2015
- Posts
- 3,326
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07-06-2016, 12:20 PM #13
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-06-2016, 11:26 AM #14
- Join Date
- Feb 2016
- Posts
- 244
#PearlMan
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07-06-2016, 12:35 PM #15
- Join Date
- Jun 2015
- Posts
- 22
whats the grid marcus ?
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07-06-2016, 01:18 PM #16
- Join Date
- Dec 2013
- Posts
- 4,713
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#isoLast edited by mcaguru; 07-06-2016 at 01:23 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-06-2016, 01:33 PM #17
- Join Date
- Jun 2015
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- 22
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07-06-2016, 02:18 PM #18
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- Jun 2015
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- 3,326
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07-06-2016, 02:21 PM #19John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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07-06-2016, 02:45 PM #20
- Join Date
- Jul 2015
- Posts
- 1,202
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.....
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07-06-2016, 12:44 PM #21
- Join Date
- Aug 2014
- Posts
- 49
Pearl Deal, Back To The Old Ways?
Haha who's still there anyway I heard almost all there employees went to new era
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07-06-2016, 12:50 PM #22
- Join Date
- Mar 2016
- Posts
- 657
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07-06-2016, 02:02 PM #23
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
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07-06-2016, 02:29 PM #24
- Join Date
- Jun 2015
- Posts
- 22
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07-06-2016, 05:35 PM #25
- Join Date
- Apr 2015
- Posts
- 297
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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