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09-15-2016, 10:25 PM #1
Hotel Needs $25K minimum; I need 1.15 buy rate max. Short Term OK.
Here's the scenario:
This hotel owner has been in the industry over 25 yrs.
Runs several hotels, & leases out a few of the ones he owns as well.
On this particular deal the merchant had a tenant whose lease expired in May after 5 yrs. Tenant didn't renew.
So, the merchant decided to run the business himself since June until he decides whether to lease it again in the future or just keep running it.
He needs short term MCA for at least $25K.
I need 1.15 buy rate or lower.
Short term no problem.
Credit is 700+
Basically, I have 3 months bank statements, averaging $30K.
Avg. ending balance: $2,900
Avg. daily balance: $2,699
0 NSFs YTD; 0 Overdrafts.
If you know for a fact you can deliver w/out fail & you can tell me why, please respond ASAP. I'll submit file 1st thing in the morning.
I can only submit the file to ONE funder. The merchant won't allow me more than one inquiry on his credit.Last edited by Fundyman; 09-16-2016 at 05:23 PM.
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