1.30 or lower on a second position?
Need a Funder or Vendor? START HERE

Results 1 to 15 of 15

Hybrid View

  1. #1

    1.30 or lower on a second position?

    Construction company. looking for 30k. Deatils upon request- just send a pm.

    May; 139,993.57
    June ; 223,339.90
    July; 347,822.74

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,509

    Quote Originally Posted by TMR View Post
    Construction company. looking for 30k. Deatils upon request- just send a pm.

    May; 139,993.57
    June ; 223,339.90
    July; 347,822.74
    credit? balance on first? NSF or negative days? # of deposits per month (sometimes a problem for construction companies)
    John 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

  3. #3
    Credit is below 600, I believe- I think 547

  4. #4
    High balance on first, just took 100 back in june. Low amount of negative days if any- maybe 2. Plenty of deposits each month 12++

  5. #5
    Veteran Reputation points: 159120 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,509

    sub 1.3 factor for a second position with that credit is not going to happen it would be hard to go sub 1.3 for a first position with that credit.. Merchant needs his expectations kicked back to reality.. What is the balance is paying off the first position a possibility?
    John 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

  6. #6
    He understand those things, just is willing to forgo anything unless he can get better terms.

  7. #7
    Veteran Reputation points: 159120 J.Celifarco's Avatar
    Join Date
    Oct 2012
    Location
    New York
    Posts
    2,509

    Quote Originally Posted by TMR View Post
    He understand those things, just is willing to forgo anything unless he can get better terms.
    I am pretty sure what you are looking for does not exist unfortunately.. good luck
    John 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

  8. #8
    Senior Member Reputation points: 50583
    Join Date
    Jul 2014
    Location
    Online
    Posts
    965

    Quote Originally Posted by TMR View Post
    Construction company. looking for 30k. Deatils upon request- just send a pm.

    May; 139,993.57
    June ; 223,339.90
    July; 347,822.74
    How much is his first position balance?
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  9. #9
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by TMR View Post
    Construction company. looking for 30k. Deatils upon request- just send a pm.

    May; 139,993.57
    June ; 223,339.90
    July; 347,822.74
    Hey, I can't get to a 1.30 but I can give you a buy-rate most likely of 1.35. I fund these types of deals all day.

  10. #10
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    1.35 is a high second, thats everest rates.

  11. #11
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Cresthill Capital loves construction (and trucking transportation) ! fastest offers and Double Digit Commissions !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  12. #12
    Senior Member Reputation points: 3088
    Join Date
    May 2016
    Posts
    148

    Quote Originally Posted by mcaguru View Post
    Cresthill Capital loves construction (and trucking transportation) ! fastest offers and Double Digit Commissions !
    I feel like there should be a meme for this.

  13. #13
    Senior Member Reputation points: 50583
    Join Date
    Jul 2014
    Location
    Online
    Posts
    965

    Try Quarterspot. I have had construction 2nd positions where the the early payoff fit what you are asking.

    Cresthill... ya'll won't do a 2nd remotely close to a 1.30 and give double digit commissions you guys are starting to remind me of that state farm commercial.



    You're being the french model in this situation.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  14. #14
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    stay tuned
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  15. #15
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    term?
    How fast?
    And balance on first position? Willing to consolidate and take a term loan?

    Dose he have an pending invoices or contracts?

Similar Threads

  1. Replies: 6
    Last Post: 11-27-2015, 01:41 PM
  2. Save The Day With A Lower Rate!!!
    By iso@wallfunding in forum Promotions
    Replies: 0
    Last Post: 11-16-2015, 10:02 AM
  3. Replies: 7
    Last Post: 08-10-2015, 02:45 PM
  4. Lower Gas Prices could curb MCA Industry
    By blindbid in forum Merchant Cash Advance
    Replies: 12
    Last Post: 12-11-2014, 03:58 AM
  5. Replies: 18
    Last Post: 11-11-2014, 02:58 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY