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09-19-2016, 05:40 PM #12
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.Last edited by Zach; 09-19-2016 at 05:58 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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