Results 1 to 25 of 38
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11-02-2016, 11:59 AM #1
- Join Date
- Oct 2016
- Posts
- 16
I Have A 300k deal low commisssion, not greatest terms.
The merchant runs around 300,000 a month through his business account.
Last edited by Strategic; 11-02-2016 at 04:54 PM.
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11-02-2016, 12:16 PM #2
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
You want more than 5 points on a $500k deal? If you find someone who will provide you a larger commission, cost will go up.
$500k deal should be priced super competitive (in my opinion)
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11-02-2016, 12:22 PM #3
- Join Date
- Sep 2014
- Posts
- 720
You may also end up losing the $25k you are already counting as most funders (particularly those with that kind of buying power) are well aware of this site and aren't crazy about seeing offers of that magnitude shopped out. It is very unappreciative. $500k offers are not common. Do the right thing by your client and thank the funder when it's all said and done. Or you can keep looking for a pricier deal that will pay you better and run the risk of one of us getting a hold of your client. If that happens, trust me, you are down to $0 commission.
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11-02-2016, 12:51 PM #4
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Agreed. As my Grandpa used to say... "Pigs get fed, Hogs get slaughtered". If are fussing that you will only earn $25k on a $500k deal, the lender has already put all the work into getting it approved and NOW you want to shop it elsewhere? First of all...what a slimy thing to do to both your lender AND your client. If this were my deal and I saw you out here trying to gouge the client and get a few more points, I would never work with you again.
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11-02-2016, 12:52 PM #5
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
You should be thankful for the 5 points and tell the funder " Nice Job" ... In this situation Greed is not good period
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11-02-2016, 01:13 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
5% points is generous on $500,000.
If you are getting 5% your merchant is not getting the best deal. Or you should have charged him a closing fee collected after.
I hope your merchant starts shopping because I would get him a better deal and you lose a client
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11-02-2016, 01:14 PM #7
yes, very thankful --- smh
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-02-2016, 01:26 PM #8
take the deal and run don't spend all your money in one place.
Also delete this thread so no one remembers your name
[QUOTE=Strategic;59275]The merchant runs around 1,
there you goLast edited by brokerCompany; 11-02-2016 at 01:38 PM.
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11-02-2016, 01:31 PM #9
- Join Date
- Oct 2016
- Posts
- 16
How do you delete a thread?
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11-02-2016, 01:31 PM #10
- Join Date
- Oct 2016
- Posts
- 16
Im just gonna prob go with offer.
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11-02-2016, 01:32 PM #11
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
PROB???? SMH once again
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11-02-2016, 01:34 PM #12
- Join Date
- Jun 2015
- Posts
- 3,322
oh its post like these that make me miss "fund ". 2 of the lenders that do that volume have not paid iso commissions after funding because of stuff written here . you should beg admin to take down post or pray that you get paid after funding and that this doesn't bite you in the ...
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11-02-2016, 01:36 PM #13
- Join Date
- Sep 2014
- Posts
- 720
May want to delete this one too: http://dailyfunder.com/showthread.ph...th-Consultants
Everyone now knows that is nonsense, given the nature of your following post.
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11-02-2016, 01:37 PM #14
- Join Date
- Oct 2016
- Posts
- 16
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11-02-2016, 01:38 PM #15
Message the admin to take it down.
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11-02-2016, 01:40 PM #16
- Join Date
- Oct 2016
- Posts
- 16
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11-02-2016, 01:41 PM #17
- Join Date
- Jun 2015
- Posts
- 3,322
not telling you not to shop it , what am i telling you is not to come on here stating the only reason you are shopping it is because you were capped at 5 points for a 500k deal . even if that is your reason dont be a buffoon and write it like that . better way will be just to ask who can fund 500k and up for a liquor store .
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11-02-2016, 01:41 PM #18
- Join Date
- Oct 2016
- Posts
- 16
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11-02-2016, 01:44 PM #19
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
Term Loan may pay you 2 points
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11-02-2016, 01:47 PM #20
- Join Date
- Oct 2016
- Posts
- 16
I'm sorry... I guess I should have mentioned it is also not so attractive for merchant. At the end of the day, I want to do the right thing and get him the best deal but I have also been working on this deal for a while and am looking for a fair balance. You might have noticed I am new to the loan business. It's simply something some clients of mine (for a biz in different vertical) are asking if I can get them fast cash for certain strategic moves they want to make. Meaning good terms for merchant and for myself. Sorry again, just got a little frustrated.
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11-02-2016, 01:48 PM #21
- Join Date
- Oct 2016
- Posts
- 16
I know...
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11-02-2016, 01:49 PM #22
- Join Date
- Oct 2016
- Posts
- 16
oops
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11-02-2016, 01:50 PM #23
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- Oct 2016
- Posts
- 16
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11-02-2016, 01:56 PM #24
- Join Date
- Sep 2014
- Posts
- 720
I Have A 500k Deal With Liquor store Merchant Who Already passed underwriting elsewhe
"Under" a rock. Into might be tough.
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11-02-2016, 02:00 PM #25
- Join Date
- Jun 2016
- Posts
- 416
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