[mikem]

Pediatrician
250K rev a month
1MM AR
RE at 2MM at least if not 3MM 1MM mortgage
900K tax lien
Netting over 2MM


Can this AR be done with 900K tax lien?

[TedFundy]

Yes, we can do it if they have a payoff plan. I'll PM you my contact info.

[CO1]

A/R is best.

[nrh1lp]

Aren't you going to be in violation of HIPAA if those clients are private individuals

[CO1]

There's ways are around it. We just did one for a hospice for 1.9 million from Hawaii

[mikem]

What are the commissions on factoring 1MM of AR?

[CO1]

Like any other factoring on going up to 10-20% fee collected a month for on going.

[dpFund]

I'm pretty sure I've seen this deal. Tax lien has destroyed his credit, and RE was not as strong as it seemed. :-( Hope I am wrong.

[mcaguru]

We can work around Tax liens ...... case by case

[RichardGerard]

Obvious: If the client is doing 250k per month, why are the receivables so high? Issue here (in addition to what was stated by others on thread) is net receivables. Pediatrician is billing X but the Insurance Companies are likely only paying 1/2 X.