Who funds the largest 2nds?
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  1. #1
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    Who funds the largest 2nds?

    Merchant has several locations, excellent credit 300k monthly, good bank statements, balance of about 90k on first position needs 220k on a second to take advantage of inventory offer. does not want 2nd for no more then 4-6 months. looking for decent cost on the money as well even though its a second position.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Wall, Knight, Pearl, Everest, 1st Global, in a minute Marcus will come on here as well.
    Last edited by Funder Mark; 06-12-2017 at 12:28 PM.

  3. #3
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    Who's the 1st position with?
    Typically, IOU and Quarterspot come in with really strong 2nd's, but if the deal doesn't fit their box then Pearl is a solid option (along with the others mentioned above)
    Starting factor for 2nd's could be as low as 1.25 with pts built in

    Msg me if you're interested

  4. #4
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by NoBigDeal View Post
    Typically, IOU and Quarterspot come in with really strong 2nd's
    I just heard IOU isn't doing 2nd anymore, does anyone know what the story there is?
    Last edited by Funder Mark; 06-12-2017 at 12:40 PM.

  5. #5
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    Quote Originally Posted by Funder Mark View Post
    I just heard IOU isn't doing 2nd anymore, does anyone know what the story there is?
    If true, that would be huge (great) news for you and I. Let me know if you get confirmation

  6. #6
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    Quote Originally Posted by Funder Mark View Post
    Wall, Knight, Pearl, Everest, 1st Global, in a minute Marcus will come on here as well.
    A while back I would not add myself to the list but recently we've been funding daily the 6 digit size funding's.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
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    knight caps at 250k. i have seen wall and kcg in a statement for over 500k . I have gotten 300k approvals from pearl as well.Issue you have is those guys were doing 6-7 hundred thousand not 300 with a first position.

  8. #8
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    get him a 300k first

  9. #9
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    Who funds the largest 2nds?

    I feel that this file makes sense for 100-150k on a 2nd position based off what you wrote. Did you send this file to your rep over here?

  10. #10
    I spoke to someone at IOU this morning and he was fairly certain that IOU is still doing 2nd's as long as the merchant can afford it.

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