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07-09-2016, 04:19 PM #1
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- Join Date
- Mar 2016
- Posts
- 47
Low monthly revs, but clean banks, need $10 - 20k
I have a client that averages roughly $5500 per mo, but his banks are clean with no negatives and relatively healthy ending balances. No existing loans. Over the last 6 months: High month deposit = $9k; Low month =$5k+. A quick glance shows average ending balances of around $7k. Owner's FICO <600. Cresthill/Mantis is my go-to lender for a deal like this, but they said that the revs were too low. He's looking for around $10 - 20k if possible, but will consider smaller amount. Any takers?
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