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10-12-2016, 01:46 PM #1
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
Need a 3rd position 175k ASAP
I have a client in Oregon with 2 positions equaling 300k from sfs and pearl 9 months left-
"will consolidate but really needs the 175k before wanting/needing to do that
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10-12-2016, 02:31 PM #2
- Join Date
- Mar 2016
- Posts
- 335
What is the business
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Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
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10-12-2016, 03:00 PM #3
- Join Date
- Apr 2016
- Posts
- 103
3rd positions are sometimes very challenging as funding will based on the creditworthiness of the borrower, available equity in property and ability to debt service the position(s). That being said, I would like to know how much the business generates annually. What available real estated the borrower has and associated debt. What is the borrower's FICO.
Typically, we can lend up to $1M, but financing after $200K requires equity in Real Estate.
Give me a call to discuss. We can fund in as little as 48-hours.
Sean Najieb
www.liftforward.com
LiftForward, Inc.
180 Maiden Lane, 10th Floor
New York, NY 10038
Sean@liftforward.com
917.477.6534 (O)
347.495.8088 (C)Last edited by snajieb; 10-12-2016 at 03:01 PM. Reason: spelling error
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10-12-2016, 03:13 PM #4
WBL can do long-term 3rd positions with the lowest 3rd position rates available in the MCA space.
Ask if he has real estate - I'd love to structure something with you for the borrower.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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10-12-2016, 05:12 PM #5
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
The Monthly revenue and gross profit margin will need to be strong before anyone can even consider a net 500k facility- not to say that it can't be done. Is there any other debt on the balance sheet aside from the Advance debt?
That the client went to Pearl instead of other more cost effective 2d position lenders tells me that there is likely some fur on this one.
FYI- We just consolidated 1.2M in Advance debt this past week (5 positions) and have secured another 1.3M for the client ON TOP OF
the 1.2. This was brought to us by one of the 'Dailyfunders' who has earned 50k on this one. Not a bad week.
Feel free to touch base should you wish for assistance.
Richard 516 510 3855
Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743
rg@businesscapitalconsultants.com
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10-13-2016, 12:07 PM #6
- Join Date
- Mar 2016
- Posts
- 657
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10-12-2016, 06:23 PM #7
- Join Date
- Apr 2015
- Posts
- 9
Pm'd you
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