Results 1 to 8 of 8
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12-02-2016, 09:46 AM #1
Reputation points: 9546
- Join Date
- Jun 2016
- Posts
- 416
Not a Comical thread. Who is a LEGIT high risk funder?
We are strong in the 2nd-6th position space but many clients of mine are needing a home for some higher risk yet performing files.
Curious on the DF forum's thoughts on actual legit funders who pay good commissions if given volume, don't back-door, are honest (as much as possible) and communicative.
Will be happy to make the referral.
Clients are looking for someone who can handle:
3-4 negative days per month max
2nd-6th position files
Credit as low as 500
Bank volume as low as $20k per month and as high as $5m per month.
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12-02-2016, 10:24 AM #2
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
Can you explain again what you are seeking ?
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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12-02-2016, 10:50 AM #3
Reputation points: 49940
- Join Date
- Aug 2014
- Posts
- 620
PM sent.
Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecap.com
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12-02-2016, 02:51 PM #4Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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12-03-2016, 08:13 AM #5
Reputation points: 13
- Join Date
- Oct 2016
- Posts
- 9
Hello,
We have a deal that MUST GET FUNDING NOW, WE HAD A LENDER DRAG THEIR BUTT AND MAKE FALSE PROMISE AFTER FALSE PROMISE (SURPRISE) ONLY TO DENY. Now our client has to start their jobs and doesn't have the capital too.
Our client has an "interesting history" as do many business owners.
1. Our Client has been in the Fire & Water damage / restoration industry for many years
2. Our Client works for residential as well as commercial clients and is paid APPROX 95% BY INSURANCE COMPANIES (THAT GUARANTEES HE GETS PAID. It is really simple.
3. Our Client has a very long, in writing list of pending jobs. The list is agreements between him and the insurance companies.
4. The insurance companies almost always do not make their "final payment" on time.
5. Our Client filed for bankruptcy protection many years ago. Then came back and has been solid for year, as has many of us.
6. Our client purchased RE to rehab and flip very early this year. 2 insurance companies did not make payments as stated in their agreements. Our Client was going to loose the property and his down payment, his attorney suggested filing a bankruptcy BUT ONLY UNTIL THE FUNDS COME FROM THE INSURANCE COMPANIES WHICH WOULD ALLOW HIM TO COMPLETE HIS TRANSACTION. Our Client filed in April of 2016 and released the filing 3 weeks later.
7. Our Client did 320,000.00 in 2015 (tax return) and 320,000.00+ in 2016.
8. Our Clients checking account balance is between 75,000.00 & 115,000.00 annually. NO NSF's.
9. Our client has 2 existing mca's with a total balance of approx 35,000.00 BOTH ARE PERFORMING PERFECTLY AND CLIENT WILL PAYOFF BOTH IF HELPS THE DEAL
10. We need a Lender for our Client that will fund OFTEN (great deal) as our Client lands the LARGER DEALS. Fire & Water damage work is extremely expensive and our Client manages it well but wants help due to the ups and downs of the insurance companies making the final payments.
11. Our client is looking for approx. 100,000.00 NOW TO FUND THE STARTUP ON 2 VERY LARGE JOBS. So here is what an Alternative Lender should consider. Lend him on his history of performance, on the job log with insurance companies, his credit score, bank balance, lack of NSF's, his history of his remittances, etc. Then structure an advance or loan that might even include the PURCHASE OF SOME OF THE "INVOICING" TO GET THE OFFER IN THE AREA OF THE 100,000.00 RANGE.
Sorry for being so long winded, the few Lenders we work with have forgotten how to be "creative" and many need to be reminded.
Please if you have a serious interest in a great client and repetitive business as do we, call Gil at 603-401-6408. We don't need chatter here, we need performance, please call, no Daily Funder postings.
Thanks
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12-05-2016, 12:23 PM #6
Reputation points: 10
- Join Date
- Dec 2016
- Posts
- 5
Being a TRUE direct lender in this industry allows us to be creative in the financing solutions we formulate. Our underwriting is also understanding. Meaning that we will look further than the financials and closing stipulations. We will listen to the story of the merchant’s position and consider all aspects of each and every merchant. If you feel that you have certain merchants that you are working with that may just need a little out of the box thinking to put an offer into action we would like to extend our platform to you and get your merchant the funding they desire while providing you with the courtesy and professional relationship you deserve.
Please contact me for more information.
We look forward to the opportunity in building a mutually beneficial relationship for years to come.
Thank you for your time
CheddarExpress.com
Submissions@CheddarExpress.com
516.284.1680 ext. 1051
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12-05-2016, 01:14 PM #7
Reputation points: 9546
- Join Date
- Jun 2016
- Posts
- 416
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12-05-2016, 06:51 PM #8
Reputation points: 1051
- Join Date
- Oct 2016
- Location
- New York
- Posts
- 36
lol when the direct lender is looking for direct lending.... why don't u guys just admit your pikerness... u guys driving around with 1988 honda CRX with a koenigsegg badges trying to fool everyone...
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