Centerpoint Financial, Colorado June 11, 2002
Leasing News would like to compliment Centerpoint Director of Marketing Chuck Brazier for the two faxes to all Centerpoint Brokers, returning all telephone calls, doing his best as an employee to protect all parties involved. This has not been the norm recently, and our hat is off to him, even if he wont give Leasing News a comment.
It is refreshing to see someone who cares, who has integrity, and handles situations
in the deepest hour with the concern of helping others. I hope this appreciation
is viewed favorably by his customers and employer.
In the years reporting about companies in trouble, this is the first situation where help has been asked. Chuck Brazier has our deepest respect as you learn a persons character
when their back is against the wall. Leasing News hopes Mr. Brazier is
setting an example for others to follow who find themselves in similar
situations. His action is truly one of valor in the business battlefront. Editor
In addition to CapitalWerks offering to help, as reported yesterday, here are
two other companies who will to come to aid:
In response to the Centerpoint Financial situation, Butler Capital
Corporation stands ready to review all approved backlog at Centerpoint to
provide a funding solution, under the following guidelines:
** Minimum 12.75% Yield to Butler based on transaction credit risk.
** Documented on Butler Capital Corporation documents.
** Broker profit to be determined on a transactional basis.
** Hard Copy of Centerpoint approval and credit package required.
** QuikTrak equipment inspection.
** 1st & last payment in advance.
** Clean D&B.
** Satisfactory CBR.
Butler Capital Corporation
Summit Funding to the Rescue
Name = BRUCE LARSEN
Address = 661 E. BURNSVILLE PARKWAY
City = BURNSVILLE
State = MN
Zipcode = 55337
Phone = 952-890-5092
Fax = 952-890-5103
Email = firstname.lastname@example.org
Add me to the mailing list =
Comments = Kit--I was sorry to hear about the Centerpoint situation. None of us like to hear about another funding source biting the dust. Resiliency will become a catch phrase to all very soon. To assist any of the brokers that are having some difficulty getting their deals bought that went to Centerpoint, I would also be willing to assist any of them that need a hoe for their deals under, say, $12,500. I am an "authorized affiliate" of Leasecomm and they are real good at start-ups, "B" and "C" credits. They require FMV and have high rates, but, they have a fairly large credit window; Maximum of 8 broker points. If I can help, I will where I can.