Need Your Feedback On Value Of Site To Sell
The loans usually are in the range from 100k to 300k for the nyc area with a high interest since these are risky time sensitive loans so they can potentially make 6 % upfront fee of total loan amount and then 12-16 % interest for a 1 year loan.
Example:
On a 200k loan they would make 200,000 x 6% = 12,000 Upfront Fee + Interest of about 32k for 1 year term so they can make some nice money from closing one loan ! They should be able to close 1 loan from the leads per month roughly or 1 every 2 months !
Note:
Not sure if I placed this in right area if I did not let me know and will change it if I can !
But I knew the one thing I might regret is not ever having tried. "
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But I knew the one thing I might regret is not ever having tried. "
~ Jeff Bezos