Interested in recommendations for lenders that offer 2nd position MCA's that offer 8-10 month terms, it seems most we have immediately drop to 5-6 months for a clean credit file. Thanks in advance.
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Interested in recommendations for lenders that offer 2nd position MCA's that offer 8-10 month terms, it seems most we have immediately drop to 5-6 months for a clean credit file. Thanks in advance.
Hey, Depending on the file and the terms of the 1st position - there are lot's of funders that would go out that long.
UFS, FOX, LG would deff do that, potentially RDM. (I'm sure there are a lot more)
Not that these are the terms they'd love to push out as a second, but they would do it if the deal warrants it.
Thanks.
We can help you with this file.
We're currently maxing out at 8 to 8.5 months on 2nd's. Feel free to reach out to discuss any particular deal.
Thanks for the mention Clearfund.
RDM is currently providing 8-9 month terms on the vast majority of all clean 2nd and 3rd position offers, as well as only providing hard offers up front. Feel free to reach out on my cell for more info
Greenwich Capital would go out to 8-10 months on solid 2nd positions - Info@gcmcapitalgroup.com for an ISO Agreement.
CFG Occasionally does 8 month deals if the 1st position is a clean funder with a longer term. 150-170ish day term is what you will see on a clean 2nd position if the funded amount is substantial enough. Ive done them before, but the funded amount was greater than 100k.
Not going to go out 8 months on a 15k file.
Windgate Capital can go out to 10 Months and we have starting buy rates in the 1.20's with weekly payments. if interested give me a call at 516-400-2062
Scott King |Director of ISO Relations
Windgate Capital
90 Broad St, 16th Floor, New York, NY 10004
Direct: (516) 400-2062 ǀ Cell: (917) 565-9880
Scott@WindgateCapital.com ǀ https://www.WindgateCapital.com
We do 2nd positions up to 11 months all day.
Email info@pdmcapital.com to sign up!
We work with a number of 2nd position funders consistently offering 8-10 month terms with buy rates in the 1.20s. If you are interested in talking more, don't hesitate to direct message us or email us at info@capfront.net. We're looking forward to hearing from you!Quote:
Originally Posted by 1Loanguy
I know you give those sorts of approvals. Do they ever actually fund?Quote:
Originally Posted by PDM Cap
We are actively funding 2 position deals with 8 month terms and very aggressive rates.
Feel free to reach out for more info.
8-10 month 2nd & 3rd position deals, especially behind top tier lenders, would fall right within our program parameters. Note: we tend to not extend our term past the most recent position.
Please email me if interested.