[Zach]

If the borrower can demonstrate that as a result of this loan he can get back on track, and he has the real estate to pledge, WBL can facilitate this. This would need to be verified with documentation; preferably a new contract, payoff letters for existing advances, or something that would help demonstrate that this loan will put him in a financially superior position.

To expound, let's say his CPDR is hovering at 30% due to a multitude of cash advances; perhaps the massive daily payments are the reason for his plight. Perhaps there was a recent flood or situation that forced them to close down, falling behind on rent and their CFM payments.

If we can structure a loan that will bring his PDR down to 5-15%, it may allow him to recover and prevent his business' failure. This deal is certainly not an automatic decline for us, although it would obviously have several hurdles.

[Chambo]

If the borrower can demonstrate that as a result of this loan he can get back on track, and he has the real estate to pledge, WBL can facilitate this. This would need to be verified with documentation; preferably a new contract, payoff letters for existing advances, or something that would help demonstrate that this loan will put him in a financially superior position.

To expound, let's say his CPDR is hovering at 30% due to a multitude of cash advances; perhaps the massive daily payments are the reason for his plight. If we can structure a loan that will bring his PDR down to 5-15%, it may allow him to recover and prevent his business' failure. This deal is certainly not an automatic decline for us, although it would obviously have several hurdles.

and you would pay the back rent he owes ? I forgot, you cannot READ