1st, 2nd, 3rd position consolidation
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  1. #1
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    1st, 2nd, 3rd position consolidation

    Any recommendations on a lender that will do a buyout on all three positions to move into first?

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    Rapid has done them, but merchant has to net 40%. There may be some others, where the merchant has to net less, but ANY offer will depend on how much the collective balance is vs how much they do a month

  3. #3
    ....
    Last edited by AlexSklar; 05-11-2018 at 04:50 PM.
    Alex Sklar

  4. #4
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
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    Quote Originally Posted by zcgdirect View Post
    Any recommendations on a lender that will do a buyout on all three positions to move into first?
    Give us a call, we're all over that ask around...
    Joe Esparza
    FUNDKITE
    "FinTech High-Risk Funding Table"
    joseph.e@fundkite.com | 929.999.2700x1008

  5. #5
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    We do them at Lendvo but the deal has to conform to several metrics we use in our consolidation program.

  6. #6
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    We do them!

    PDM CAPITAL LLC
    39 Broadway #1908
    New York NY 10006
    info@pdmcapital.com

  7. #7
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    On consolidations it all depends on the balance sheet, guarantor, and earnings- once replacing the existing 'notes'.

    We work with Investors that put their money into these deals (we have consolidated as many as 14 advances), however they must be senior debt (no bank loan or factor in front of them), and there needs to be enough assets )receivables, inventory, machinery and equipment etc.) for them to do so.

    Remember: the clients have already demonstrated that they WILL default (breaking no stacking clauses), and are high risk paper. The details (future sales contracts, entering into their busy season etc.) will determine whether or not someone will help.

    There have been several firms that have tried to offer 'programs' to help stackers. The only way it works is if the client wants to NOT stack again.

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