Financial Needs Help in Funding Approved Deals June
June 10, 2002
CapitalWerks, LLC is interested in reviewing all approved backlog at
Centerpoint to provide a temporary funding solution. All transactions will
require the following:
Minimum 13.55% Yield to CW based on "Risk Adjusted Pricing"
Maximum 10 points paid to origination source
Re-documented on CW-Preferred one page lease
Brokered Only-Discounting with Hold-back available
Hard copy Centerpoint approval.
Minimum SBSS score of 190
Minimum two advance payments
Interim rent billed from D & A date
Clean D & B report with an absence of suits, liens, & judgments
We are not currently accepting broker business but will provide this as a
one time solution to your subscription base. I hope this will relieve some
of the frustration of losing another industry resource.
Jim Raeder JRaeder@preferredlease.com
(According to a memo from Centerpoint Financial, they are unable to fund
deals approved. Leasing News will print all those funders who may be able
to help. editor )