I started connecting with Ken in June about his AIRBNB On Wheels deal as a possible answer to my need for a solution to utilize my business credit for funding deals. Ken and I spoke numerous times and in mid July I financed a Truck for one of his drivers. Our deal was 50k at 18% for 90 days. The truck was refinanced and he paid me back 53k this week at a 6% ROI. Currently working on financing another driver. Ken has been awesome to work with and patient with my numerous newbie questions. Looking forward to a continued relationship with the “Boss Man” for putting drivers in their own trucks. Thanks for working with me!
Awesome!! Ken is a great guy, and yes, also very patient with newbie questions! I connected with him late June and I am now on my second round of truck funding. I am super excited to be investing in his business while also helping drivers become owner-operators! It is a great business model and a win-win for everyone!!
Thanks for the feedback. One question, fior the trucks you have funded are you the lienholder on the title of the trucks? How is the collateral being secured and documemted?
Yes, the truck with a sole first lien security is my collateral. It’s documented in a financing agreement, written by the Truck Supplier(Kendrick Madison Transportation), between the buyer/borrower and my LLC the lender.
A check of the VIN through DMV records verifies the equipment matches what’s listed on the agreement and is legit. The only thing I didn’t receive was a copy of the Title to hold until the truck was refinanced, but I believe KMT the broker handled it.
How do we contact Ken Edwards?
You can contact Ken here, on PMC; just message him. I also have his contact info, since I am actually working with him now. I would be happy to do a text introduction.
Hey, yeah, that would be great. Thank you.
Hello Iris,
Would you be able to connect me with Ken Edward as well? Interested in speaking with him
Im also interested in speaking with Ken. Could you please send me info to connect. TY