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  • ChampionCapital
    started a topic Dead Files

    Dead Files

    Good evening everyone,

    My decline/ "dead files" stack is exceptionally large this month. I have packages from merchants who's sales volumes are far from small, but its been the little things that have prevented me from receiving any offers from about 20 different lenders.

    Some Examples:

    $80k/mo in deposits but 540 credit score & 2 positions... I've stacked 4th even 5th positions before...

    $65k/mo with a prior default, however it was paid in full..

    $55k-75k/mo consistently for the past 12 months as reflected in the merchants bank statements but a decline in sales over the past 6 weeks because his pregnant wife got very ill. Sales are back on the rise but I still cannot get an approval

    $25k-$40k consistently as reflected in the past 6 months of bank statements but the merchant recently switched from a local to a Major Bank on Friday...

    I understand what the job of UW is, but I am...
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  • ENOUGH HARD DECLINES ACROSS THE BOARD? Private Direct Lender gets the job done!!

    Enough wasting your time shopping around 15 different lenders in hopes that SOMEONE will pick up your crappy deal and give you an offer.

    At Synvestment, we are a small group of Partners who collectively syndicate and invest our own money in order to help you push that deal over the edge, get approved and funded.

    Most recently we funded a:
    • Salon for $35,000 with a sub 500 credit score!! The max offer on this deal from ANYBODY ELSE was $6,100

    • Horseback Riding Ranch funded for $65,000. Bad credit and criminal background check. Total offers prior to coming to Synvestment added up to $0.00

    • An auto repair shop was funded for $22,000 with a $10,000 IRS lien



    **Every submission is, as always, a case by case basis, but we have a killer UW staff and one of the highest approval and funding rates in the industry**
    See more | Go to post
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