[Sachip24]

Just as title says. Merchant owns a hotel, has fair credit, does about $250k-300k a month, has 4 positions currently totaling about $170k, statements are pretty healthy no nsf's and maintains daily balances of about 9k and monthly ending balances of about 25k.

[valid124]

sent you a pm

[dpFund]

We consolidate up to $2MM so the high funding amount is not an issue.

It all depends upon the profitability and asset strength of the client.

If I knew how much the client was looking for I could tell you what his net monthly income would need to be to prequalify.

Feel free to reach out and discuss.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[Sachip24]

We consolidate up to $2MM so the high funding amount is not an issue.

It all depends upon the profitability and asset strength of the client.

If I knew how much the client was looking for I could tell you what his net monthly income would need to be to prequalify.

Feel free to reach out and discuss.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

Thanks Dan, I have looked at his monthly net he would not qualify for your program. For 300k he would need at least 39k in monthly net correct?

[dpFund]

Thanks Dan, I have looked at his monthly net he would not qualify for your program. For 300k he would need at least 39k in monthly net correct?

Thank you. Yes that is correct.

That stated, if he owns the hotel and there is some reasonable LTV, there is a possibility it could still work, but it is not fast (2.5 - 4 week turnaround).

[mikem]

Thank you. Yes that is correct.

That stated, if he owns the hotel and there is some reasonable LTV, there is a possibility it could still work, but it is not fast (2.5 - 4 week turnaround).

Dan,

What does this mean? You take RE into account? Do you take a subordinate lien? I had no idea,please do elaborate if you dont mind.

[dpFund]

Dan,

What does this mean? You take RE into account? Do you take a subordinate lien? I had no idea,please do elaborate if you dont mind.

Hi Mike,

Caught your attention! We never used to take real estate into account in the past. But we are forever evolving our funding model. If there is real estate on the table with reasonable equity we will take that into consideration and yes, file a lien to protect our investment in the event of a default. It can help to get deals approved that would otherwise be a decline.

This is a brand new evolution in 2017 and still in the works but trying to do whatever to turn declines into approvals.

[omegafund]

Hi Mike,

Caught your attention! We never used to take real estate into account in the past. But we are forever evolving our funding model. If there is real estate on the table with reasonable equity we will take that into consideration and yes, file a lien to protect our investment in the event of a default. It can help to get deals approved that would otherwise be a decline.

This is a brand new evolution in 2017 and still in the works but trying to do whatever to turn declines into approvals.

2ND Or a 1st position?

[Sachip24]

Hi Mike,

Caught your attention! We never used to take real estate into account in the past. But we are forever evolving our funding model. If there is real estate on the table with reasonable equity we will take that into consideration and yes, file a lien to protect our investment in the event of a default. It can help to get deals approved that would otherwise be a decline.

This is a brand new evolution in 2017 and still in the works but trying to do whatever to turn declines into approvals.

What is the max ltv you will go when using RE equity as collateral?

[dpFund]

As a funder we need to end up in first position but can take 2nd on the property.

We also have another program (although in full disclosure this one is through a sister company) wherein we can refi non-owner occupied real estate and provide cash out. Rates are 8% - 12%. Can be owner occupied if it is commercial.

[dpFund]

What is the max ltv you will go when using RE equity as collateral?

Usually 65%. Can get up to 70%.

Just a FYI that we are literally just putting this program together. Not finalized yet but working hard on it. Have a couple clients in queue already!