Results 1 to 6 of 6
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11-29-2016, 12:50 AM #1
- Join Date
- Oct 2016
- Location
- New York
- Posts
- 36
1 mill a month
got a guy who does about 1 mill month. he owns the commercial property its on worth about $15m. he's actually got decent margins about 25%. only has a few deposits a month, but as u can imagine their big.
he wants like 2 mill
credit is like 450 tho (no clue how)
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11-29-2016, 01:23 AM #2
- Join Date
- Sep 2016
- Posts
- 21
Hard Money - Most efficient way. We'll get it done in 10 days if its in the Tri state . Outside , closer to 2 weeks.
1. Preferably tristate
2. No leans on property (we need 1st position)
3. Will lend up to 60% including fees
4. Can be 1 family residence
5. Borrower has to pay for appraisal upfront and as long as the deal makes sense it can get closed within weeks
PM sent.
-Jake Gordon
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11-29-2016, 07:53 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
MonthlyFunder,
I agree with Mr. Gordon that the Real Estate appears to be the most marketable asset alleging that the corresponding liens are less than 50% of the estimated value. If they are more than that Hard Money Lenders won't get the warm and fuzzy from a client with a 450 FICO -especially if there is no short term exit strategy.
What type of business does the client own? How long in business? What kind of debt is on the balance sheet? Assets? As for the 450 FICO: has he filed for BK and it has not discharged yet? Or has he not filed? BIG issue that needs clarification.
Feel free to reach out for perspective and assistance..
Richard 516 510 3855
Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743
rg@businesscapitalconsultants.co
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11-29-2016, 09:52 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Wbl!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-29-2016, 11:32 AM #5
- Join Date
- Oct 2016
- Location
- New York
- Posts
- 36
i just lost $100 bet, i bet a co worker WBL would comment 2 seconds after i posted it... with saliva drooling down their cheeks!! though doug nadius him self was going to email me!! i heard they having trouble securing investors... but what do i know
i appreciate those who contacted me... if you guys check out i will reach out to you.
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11-29-2016, 03:34 PM #6
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
MonthlyFunder -
I am a direct funder and $2MM is my max. If his (net) margins are indeed what you say they are and his balance sheet is not insolvent, it could be a fit.
450 credit could definitely be an issue, so we would clearly have to find out the story there.
Feel free to reach out if you would like to discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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