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01-18-2017, 12:34 PM #1
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01-18-2017, 12:40 PM #2
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So let's do the math....On average, if 1.5% of their book naturally matures every week, in 7 weeks about 10% of their book has evaporated.
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01-18-2017, 12:43 PM #3
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01-18-2017, 12:42 PM #4
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01-18-2017, 12:44 PM #5
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add in payoffs and maybe 15% of their book is gone. Every week of non-renewal activity 1.5%-2% of their book evaporates.
Time is Ticking
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01-18-2017, 12:53 PM #6
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I hear you...they are def losing deals off their book, what percent is anyones guess. The most important thing to CAN was getting back in good standing on their credit lines and didnt Sean put an article out saying they had a $200mm payment due?? So competitors paying off their deals early at a rapid pace must have helped their current cash situatin.
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01-18-2017, 12:46 PM #7
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01-18-2017, 12:50 PM #8
Last edited by J.Celifarco; 01-18-2017 at 12:52 PM.
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-18-2017, 01:11 PM #9
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01-18-2017, 01:20 PM #10
Dont know exactly or remember and being they arent funding and even if they do come back (which I doubt) they wont be doing 36 month deals anymore it really doesn't matter..
Either way the short version of the story is CAN is in deep trouble and needs a miracle to find their way out of this..
Reputation ruined because of fraudulent reporting on deal performance- makes coming back from this twice as difficult because nobody will want to give them money
Any value their years of data had is ruined for the same reason
and they are being sued by Wells as well as any other investors they had probably so they may be bankrupt from law suits before they ever have a chance to rebuild
These are mostly assumptions on my part but based on the information we have from the articles that have been written I think I am pretty close to what s going on and what will happenJohn Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-18-2017, 01:26 PM #11
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Agree 100%
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01-18-2017, 03:37 PM #12
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FUNd is alive!!I may have to agree with Sean here and say that the return of Fund is the best part of this thread so far.. and MCG yes they have done 36 month deals
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01-18-2017, 03:38 PM #13John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-18-2017, 03:45 PM #14
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01-18-2017, 04:04 PM #15
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