Need funders that go behind a reverse or take out the reverse, please
Need a Funder or Vendor? START HERE

Results 1 to 22 of 22

Hybrid View

  1. #1
    Quote Originally Posted by Bcooper View Post
    highly unlikely you can take out an active reverse unless its 90% complete and all positions are gone except the reverse
    You can take out a reverse although it's going to really cost you. You submit to a new reverse funder that will take over and know that you are funding the merchant. The reverse funder approves the deal, the merchant cancels his current reverse which they can always do. The new reverse funder funds the deal and can reverse the balance of the old reverse funder. You fund you deal and that is the one position not reversed. Incredibly dumb but it does happen from time to time.
    Adam Cohen
    Diverse Capital
    Direct Funders
    (646) 239 - 2887
    adam@diversecapitalllc.com

  2. #2
    Banned Reputation points: 507
    Join Date
    Aug 2021
    Posts
    21

    Quote Originally Posted by Adamc1303 View Post
    You can take out a reverse although it's going to really cost you. You submit to a new reverse funder that will take over and know that you are funding the merchant. The reverse funder approves the deal, the merchant cancels his current reverse which they can always do. The new reverse funder funds the deal and can reverse the balance of the old reverse funder. You fund you deal and that is the one position not reversed. Incredibly dumb but it does happen from time to time.
    Mmhh.... Reversing a Reverse.

  3. #3
    Senior Member Reputation points: 338241
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,466

    Quote Originally Posted by ReverseFund View Post
    Mmhh.... Reversing a Reverse.
    Only if you are not on double secret probation........
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  4. #4
    Senior Member Reputation points: 2271
    Join Date
    Nov 2017
    Posts
    153

    Quote Originally Posted by ReverseFund View Post
    Mmhh.... Reversing a Reverse.
    Deals@reversefund.co best in the industry at approving reverses.


    I had a file he approved , merchant changed his mind but it was a solid offer ..

    Shout out , will send more deals.

    Thanks for your work

    -FBC

  5. #5
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Quote Originally Posted by Adamc1303 View Post
    You can take out a reverse although it's going to really cost you. You submit to a new reverse funder that will take over and know that you are funding the merchant. The reverse funder approves the deal, the merchant cancels his current reverse which they can always do. The new reverse funder funds the deal and can reverse the balance of the old reverse funder. You fund you deal and that is the one position not reversed. Incredibly dumb but it does happen from time to time.
    This man knows what hes talking about.
    The Numbers will sometimes work where you can stack the reverse, Intentionally get the reverse to stop depositing, or merchant can shut it off. Then after funding, the same company then reverses their position, the old reverse, and whatever balances were left.

Similar Threads

  1. Any B paper funders funding behind Reverse?
    By TeamFund in forum Merchant Cash Advance
    Replies: 5
    Last Post: 03-19-2021, 09:46 AM
  2. Reverse Consolidations- Seeking Lender/Direct Funders Only- PLS
    By FinanceConsulatant77 in forum Deal Bin
    Replies: 3
    Last Post: 03-31-2020, 11:58 PM
  3. Reverse Consolidations Funders
    By chris92 in forum Merchant Cash Advance
    Replies: 3
    Last Post: 12-30-2019, 04:27 PM
  4. Roc Funding Group- Reverse Consolidation & Asset Reverse Consolidation
    By stackcity_4208 in forum Merchant Cash Advance
    Replies: 32
    Last Post: 10-22-2019, 04:22 PM
  5. Replies: 2
    Last Post: 03-25-2019, 02:04 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Charlotte launches biz loan marketplace
Fora hits origination milestone
Maxim promotes F. Rodriguez


DIRECTORY