[J.Celifarco]

Here's what I am seeing working.

1. Over fund / approve.
2. Take second position on yourself (stagger over approval)
3. Approval amount for stack is always so low the merchant says "blank you."
4. 50% paid off is tough - they have been "over funded" making it difficult to buy out the "over funded" 50% balance.

F-ing brilliance.

Jay, if I am reading this correctly you are saying fund a deal, then stack on it yourself??? If that is what you are saying I would be careful, if the 1st position bank sees you are stacking on your own deal with them they may end up turning you off and stop taking your submissions