Results 1 to 15 of 15
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04-22-2022, 12:28 PM #1
- Join Date
- Oct 2013
- Posts
- 21
who will fund someone that is in a reverse
who will fund someone that is ion a reverse? they didn't get a reduction in payments or in amounts they owe/ banks are clean they do 150-200k a month 40-50k avg daily bal..been in business for 6years credit is the high 500s
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04-24-2022, 10:41 AM #2
- Join Date
- Dec 2021
- Posts
- 41
If they get funded in a reverse...doesn't the reverse default
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04-24-2022, 12:57 PM #3
If they have property with equity, take out all the loans with a real estate loan....
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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04-24-2022, 11:08 PM #4
- Join Date
- Dec 2021
- Posts
- 41
If he's in a reverse he doesn't have property or credit blows
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04-25-2022, 02:40 PM #5
- Join Date
- Feb 2022
- Posts
- 5
We can fund behind a reverse.
It'll be with those types of terms but can get it done.
Scott Davis
Forward Fund Cap
Scott@forwardfundcap.com
3053064699
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04-25-2022, 04:38 PM #6
- Join Date
- Sep 2021
- Posts
- 190
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04-25-2022, 04:50 PM #7Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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04-26-2022, 11:38 AM #8
- Join Date
- Sep 2020
- Posts
- 26
be sure to run it by the reverse funder before breaching their contract
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04-26-2022, 11:53 AM #9
- Join Date
- Aug 2021
- Posts
- 21
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04-26-2022, 01:33 PM #10
- Join Date
- Jun 2017
- Posts
- 2,049
If you want to get down and dirty with it......
You can Stack a reverse. Then take over the reverse.
There are only a few who will do this..... But intentionally Stacking a reverse, knowing that their reverse company will stop the weekly deposits.... then the same funder who funded takes over said reverse and starts weekly deposits.
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04-26-2022, 02:00 PM #11
IMO, only some factors would have to come into play to stack a reverse.
1. It does not breach the reverse funders contract.
2. There are less than 4 positions being consolidated
3. The amount being paid with an additional position is not waaay over their ability.
4. The broker does not intend to ***** the Merchant out afterwards.
Reverse funders are no different than a funder that funds a merchant and pays off positions for them. They are just doing it in a smarter way if you think about it. More cashflow flexibility to fund more Merchants, smaller dollar amounts of disbursements, and preventing possible breaches or additional fees in paying off positions with specific funders directly.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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04-26-2022, 06:00 PM #12
- Join Date
- Apr 2021
- Posts
- 121
At Hybrid Advance we do these deals all day long.
Please send this file directly to me.
Email: kevin@hybridadvancellc.com
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05-01-2022, 10:53 AM #13
- Join Date
- Jun 2020
- Posts
- 63
I have gotten deals funded with EBF and Delta where merchant was in RC
Russell B.
Fort Lauderdale FL
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05-03-2022, 05:33 PM #14
- Join Date
- Apr 2021
- Posts
- 121
Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com
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05-03-2022, 05:34 PM #15
- Join Date
- Mar 2022
- Posts
- 2
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