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05-20-2014, 10:39 AM #1
- Join Date
- May 2014
- Posts
- 4
payoff of 120k
I have a deal I am trying to fund, merchant owes 120k, wants to go out longer than the 9 month term, and extend to 18 months,and borrow another 50k, he is doing 150k-200k per month and also has a recent tax lien, any suggestions I would appreciate.
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05-20-2014, 10:55 AM #2
- Join Date
- May 2014
- Location
- Uniondale
- Posts
- 10
I work with 2 lenders who offer extended term loans however getting the merchant in a second position for an 18 month term varies. It all depends on how much the consistent the daily payback is on top of the main criteria. I would like to offer my services, for more emails please email me directly at cscuderi@mcamerchant.com
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05-20-2014, 10:58 AM #3
- Join Date
- May 2014
- Posts
- 4
I think hes looking to pay off the 120, and borrow 50, at a longer term if possible, can you send your number to cj@merchantcatalyst.com, ill contact you
many thnx
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05-21-2014, 08:05 PM #4
Pay off $120,000 and only net $50,000? For real?
So the merchant gets $50,000 with a $150,000 payback (best case scenario)? A 3.0?
Only a moron merchant, or a merchant who has no intention of paying anything back anyway would take that deal
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