Results 1 to 19 of 19
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09-01-2022, 10:58 AM #1
- Join Date
- Jan 2022
- Posts
- 7
need big consolidation
merchant does 1.5-1.7m comfortably a month
trucking
20+ years ib
700+ fico
8 advances, all never missed a payment- 600k in balances
I know its a HUGE shot in the dark, but want to see who can get creative on a 1m consolidation. Have all payoff letters as well
ebf,forward,deltabridge,ondeck,moneywell,rdm,manti s,rapid
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09-01-2022, 11:20 AM #2
- Join Date
- Feb 2017
- Posts
- 3,395
This is an interesting one. Why so many MCAs with great credit? There's probably a factor in first position, that's likely the answer. I do believe that I have several ideas, please send me an email. I would not go personal loan on this one, but there are some real lines of credit that could work.
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09-01-2022, 11:22 AM #3
- Join Date
- Mar 2021
- Posts
- 185
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09-01-2022, 12:01 PM #4
- Join Date
- Jan 2022
- Posts
- 7
I did, everyone is too ***** to give a good offer with how the economy is rn.
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09-01-2022, 12:33 PM #5
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09-01-2022, 02:58 PM #6
- Join Date
- Jun 2022
- Location
- Brooklyn
- Posts
- 6
We would potentially be able to give an offer on this at Dlp Funding. Don't wanna promise but that's definitely something that's in our wheelhouse. Max leverage for a reverse is around 70%
Pinny Andrusier
Web: Dlpfunding.com
Email: pinny@dlpfunding.com
Cell: (614) 321-7678
Office: (877) 378-0484
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09-01-2022, 03:35 PM #7
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
did you try g&g or gfe?
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09-01-2022, 04:26 PM #8
- Join Date
- Jan 2022
- Posts
- 7
declined
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09-01-2022, 04:27 PM #9
- Join Date
- Jan 2022
- Posts
- 7
i have he potentially give me the deal only for me to send a file for a decline. Not sending this file unless someone is serious.
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09-01-2022, 04:41 PM #10
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09-01-2022, 04:42 PM #11
- Join Date
- Oct 2021
- Posts
- 86
I have no idea why they decline him. It seems like a perfect merchant. He meets the guidelines and has positions with all huge funders. I am eager to fund this you just send us the file and we'll give you the world.
subs@fruitsaladcapital.com
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09-01-2022, 04:44 PM #12
- Join Date
- Mar 2021
- Posts
- 185
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09-01-2022, 04:46 PM #13
- Join Date
- Feb 2017
- Posts
- 3,395
I'm doing something now with two similar files, there's a shot at doing something, NOT a reverse. The only challenge is being willing to co-broker it. But if you're at your wit's end, let me know.
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09-01-2022, 04:57 PM #14
- Join Date
- Oct 2021
- Posts
- 86
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09-01-2022, 05:24 PM #15
- Join Date
- Dec 2021
- Posts
- 637
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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09-01-2022, 11:00 PM #16
- Join Date
- Apr 2020
- Posts
- 124
Try QFS - good people and direct.
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09-02-2022, 08:06 AM #17
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09-02-2022, 08:17 AM #18
- Join Date
- Feb 2017
- Posts
- 3,395
Thanks for the good word everybody. IF it can be done is the question. Now that the spotlight is on me, let's talk. I have never once looked at a file, "guessed" what to do with it, then "shot it around to see what sticks" like everyone else in the MCA does using Centrex. It's a question of sharpshooting, not machine gunning. Several times I've sent a lender a scenario about a deal, the rep says "yes", I have the broker send me what they have, then underwriting rejects it, I'm just as upset as you are. I can't get everything done, some deals are just too tough. If there's a way to help the merchant and the broker, I certainly try!
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09-02-2022, 01:25 PM #19
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 471
SBA has a program to pay off these MCA's... unfortunately, it only goes up to $350k. I've funded a few of these deals in the last month. Funds in 10-14 days.
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