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11-29-2016, 03:24 PM #1
Reputation points: 17587
- Join Date
- Sep 2014
- Posts
- 720
Consolidations
Ask Dan Page, he seems to be sticking around, while doing some risky consolidation deals over a very long term. Expected to see that product drop off a long time ago, apparently he's figured something out that we've all been missing in that sense.
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11-29-2016, 04:07 PM #2
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thank you for noticing! :-)
I will publicly admit that consolidations are very difficult, for many of the reasons that Carl mentions above. We ask for a lot of stips (which annoys some brokers but it is the only way we can truly find out what is happening with the client) and we do a lot of pre-qual work on the front end. We look hard at the client's true net income, after digging into the P&L (not bank deposits) and look hard at the balance sheet. Clearly not everyone qualifies but a lot do ($4MM of consolidations in the funding queue right now).
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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