[Fundyman]

Need a lender who can do a line of credit for a roofing company.

This needs to be fail-proof. If they do not fund construction, or aren't too favorable to construction, then don't bother.
If they only do factoring, it's a no go.

Needs $1MM ideally or more.
AR shows about $1MM over 90 days.
FICO 690+
Gross $5MM+

PM me if you can do this for sure in-house or have the lender who can get it done.

[TedFundy]

Well, we are a direct lender that specializes in construction. We do a little bit of everything (hard money, LOC's, PO funding, factoring).

It will be tough for anyone to provide a 1MM LOC with around 25% of his yearly gross sitting in A/R still. With cross aging, this can hinder a financing company from using A/R as collateral. Roofers are tough period. Does he own any property?

[Fundyman]

Well, we are a direct lender that specializes in construction. We do a little bit of everything (hard money, LOC's, PO funding, factoring).

It will be tough for anyone to provide a 1MM LOC with around 25% of his yearly gross sitting in A/R still. With cross aging, this can hinder a financing company from using A/R as collateral. Roofers are tough period. Does he own any property?

Ted,

Please call me. Sent you a PM.

[dpFund]

Hey Fundyman - Not sure if I can help but willing to learn more. Full-disclosure: We are NOT a line of credit. That stated, a lot of clients treat us a bit like a LOC, using our funds, paying it down/off, then using some more. The client would need strong financials.

If you come up short and would like to discuss, feel free to reach out and we can see if my funding model works for your client.

Best,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

[Fundyman]

Hey Fundyman - Not sure if I can help but willing to learn more. Full-disclosure: We are NOT a line of credit. That stated, a lot of clients treat us a bit like a LOC, using our funds, paying it down/off, then using some more. The client would need strong financials.

If you come up short and would like to discuss, feel free to reach out and we can see if my funding model works for your client.

Best,

Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280

Dan,

The only reason I didn't initially reach out to you for this one is because I felt financials would not support you giving out that kind of funds using your model..

[dpFund]

Dan,

The only reason I didn't initially reach out to you for this one is because I felt financials would not support you giving out that kind of funds using your model..

Thanks Rob - Not a problem. We'll get the next one!

- Dan Page

[nrh1lp]

I can point you in the right direction for an A/R backed LOC. If the aging reports are showing about $1mm and everything is on net 90 getting $1mm as a line might be a bit out of reach though without some M&E or inventory to secure as well. PM me if you haven't found a home and we can talk

[Synergy Funding]

Just sent you a PM.

Kyle Readdick, CEO
Synergy Direct Funding
2525 Camino del Rio S
San Diego, CA 92108
p: [866]428-0172 | f: [888]372-6007
w: http://synergydirectfunding.com

[Jstarr]

if he owns Real Estate ( Multi family, SFR or commercial ) with an appraised / BPO value of 1.5M - i could do this assuming it isn't encumbered
Were not focused on Credit at all, just the ability to service debt - and we don't have requirements for DSCR in most cases.



On a side note - we dont typically offer our Hard Money Services directly to brokers, most or all of our business come from Lawyers or Re Brokers - but if you have a scenario where a client has property similar to above that is looking for a quick solution to purchase or Re-Fi, give me a quick scenario and ill let you know if its in our wheel house. if not ill steer you in the right direction,