3rd Position - Weekly Payment
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  1. #1

    3rd Position - Weekly Payment

    Is there any lender that would consider a 3rd position weekly payment for a client making $1,000,000/month?

    Or a lender that would give $800k to consolidate 2 positions ($400k total balances).

  2. #2
    Senior Member Reputation points: 3217 CO1's Avatar
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    3rd Position - Weekly Payment

    Number 2 sounds more practical to me. Because I have done this multiple times.

  3. #3
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    3rd Position - Weekly Payment

    I'd like to take a shot at this on a 3rd position. I have a few in house lenders who would entertain this pending the industry, daily balances, and the terms of the 2 previous deals this merchant took. Feel free to reach out if you're not already set up with a rep over here at Yellowstone.

  4. #4
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    3rd Position - Weekly Payment

    WayUP,

    Borrower would typically qualify based on income for $1.2M, but would need to have real estate and meet guidelines.

    Let's talk.

    Sean
    LiftForward
    917.477.6534
    Sean@liftforward.com

  5. #5
    please send over this file. Nathan@empirefunding.com

    EMPIRE FUNDING
    1022 AVE M BROOKLYN NY 11230
    646 930 4338
    nathan@empirefunding.com

  6. #6
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    Way Up - I am a direct funder and do a lot of large consolidations.

    I do not stack, so I would need to pay off the first and second position and assuming his financials support it, provide additional cash out.

    Monthly payment on $800k over our twenty four month term would be about $52k (actually on 23 payments). I would need to see the client's net monthly income at about $100k (which is only a 10% margin so well within the realm of reasonable) to pre-qualify. In order to qualify for the twenty four month term's lower payments, I need to pre-qualify the client for our 18 month term, then allow the lower payments over twenty four months if they prefer that option (which most do, since it is a better deal).

    We can do weekly or monthly payments (numbers are the same either way).

    Let me know if you would like to discuss.

    Thanks,

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

  7. #7
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    Quote Originally Posted by WayUp View Post
    Is there any lender that would consider a 3rd position weekly payment for a client making $1,000,000/month?

    Or a lender that would give $800k to consolidate 2 positions ($400k total balances).
    I can do a weekly.

  8. #8
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    How much would the merchant like to net? I can help with consolidation. Must have very strong banking.

  9. #9
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    We would like to earn your business and show you why over 500 ISO's use Cash Village funding!

    Cash Village Funding, LLC :

    Our rates and terms
    Our factor rates are between a 1.38 and a 1.49, with opportunity to up-sell at a 1 to 2 ratio. Our terms are anywhere between 3-8 months.

    Positions
    First to eighth position, if room allows.

    Response time
    After submissions, responses within 6 business hours.

    Renewal time frame
    We can refinance merchants after they are 50% paid off and we can provide another position after 30 days of payments.

    Early payoff discount
    We offer early payoff discounts on all contracts.

    Consolidations
    We can consolidate merchants with no net requirement.

    Stipulations
    Void check, driver’s license, business license, and landlord.





    All the best,

    Thank you,

    ISO@cashvillagefunding.com

    Cash Village Funding, LLC.

    www.cashvillagefunding.com

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