Real estate management company needs funding
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  1. #1
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    Real estate management company needs funding

    REAL ESTATE MANAGEMENT COMPANY
    California business SOS EST-9/19/2007
    CA business

    680-700 credit

    Merchant looking for 4th position or consolidation
    1st position $45k @ $271.00 daily
    2nd position $10,000.00K @ $167.00 daily
    3rd position $15,320.00 @ $329.00 daily

    Monthly deposits $82,635.34
    41 deposits per month
    daily balance avg $2,993.93
    Merchant avg 6 neg days per month

  2. #2
    Senior Member Reputation points: 12878
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    I can't see a consolidation happening without collateral, a high risk funder might be able to give you a 4th though

  3. #3
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    6 negative days, AND as a 4th? Don't really see that happening.

  4. #4
    please send over this file. Nathan@empirefunding.com

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

  5. #5
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    i can name 5 companies off of the top of my head that would do a 4th position of 10-20k

    but its in the ISO's & the merchant's best interest to try and consolidation the two smaller balances. free up $496 a day in cash flow and net money - plus the iso makes a larger commission ona consolidation rather than doing a small 4th position.

    just have to find a lender that doesnt deem real estate high risk, which most do.
    Anthony Diamond
    Underwriter

  6. #6
    Senior Member Reputation points: 32658 Zach's Avatar
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    WBL can facilitate either a consolidation loan for a maximum of 2X the borrower's monthly revenue, OR a 4th position for an extended term of over 12 months. Our 4th position loan amounts will also be much larger than any of our competitors. The catch is that we require real estate for our transactions -- we utilize land, commercial, residential, and even owner-occupied.

    Feel free to give me a call and I'll get some preliminary numbers in your hands.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  7. #7
    Quote Originally Posted by AJR View Post
    REAL ESTATE MANAGEMENT COMPANY
    California business SOS EST-9/19/2007
    CA business

    680-700 credit

    Merchant looking for 4th position or consolidation
    1st position $45k @ $271.00 daily
    2nd position $10,000.00K @ $167.00 daily
    3rd position $15,320.00 @ $329.00 daily

    Monthly deposits $82,635.34
    41 deposits per month
    daily balance avg $2,993.93
    Merchant avg 6 neg days per month
    With our updated UW guidelines this would be a good fit for LoanMe, providing any of these positions were not deposited within the last 90 days.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

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