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06-12-2017, 12:19 PM #1
- Join Date
- Jan 2014
- Posts
- 1,380
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.
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06-12-2017, 12:21 PM #2
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.
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06-12-2017, 12:32 PM #3
- Join Date
- Mar 2016
- Posts
- 657
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
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06-12-2017, 12:34 PM #4
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06-12-2017, 01:08 PM #5
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- Mar 2016
- Posts
- 657
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06-12-2017, 01:42 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
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
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06-12-2017, 02:02 PM #7
- Join Date
- Aug 2016
- Posts
- 831
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.
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06-12-2017, 02:26 PM #8
- Join Date
- Jun 2015
- Posts
- 3,326
get him a 300k first
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06-12-2017, 07:52 PM #9
- Join Date
- Aug 2014
- Posts
- 620
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?
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06-13-2017, 10:44 AM #10
- Join Date
- Nov 2014
- Posts
- 76
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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