$500k deal for a merchant only qualified for a $20k MCA.
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  1. #18
    Senior Member Reputation points: 12921
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    Quote Originally Posted by Olderguy View Post
    Micah...that's kind of my point...I have several real estate deals right now - one where the broker charged up front fees and another where splitting my fee with him is not enough for him. Getting 10 points + on a MCA plus lender charging 10% plus third party fee is pretty extreme. Sooner or later I think the government, the lenders and maybe the market will outlaw this.
    Yes, I knew a shop that would get 15 points from a deal and after the funder funded the file they would say oh wait you forgot to sign this 10% PSF and the money won't be released until it's signed. I've seen them do it on 100k+ deals. It's not right, I agree with you on this one Steve.
    Last edited by goldenhippo80; 11-16-2022 at 01:12 PM.

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