Who buys out second positions?
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  1. #1
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    Who buys out second positions?

    Hey DF,

    I am looking for a lender who would buy out and assume a second position. Does anyone have any suggestions?

    Thanks.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    If all else fails, go to Cresthill.

    Seriously speaking, you did not give nearly enough information for anyone to actually give you an informed answer.

  3. #3
    Senior Member Reputation points: 11927 FUND3R1's Avatar
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    Fundworks, not sure what you are trying to do but I don't think they have a net rule.

  4. #4
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    Quote Originally Posted by FUND3R1 View Post
    Fundworks, not sure what you are trying to do but I don't think they have a net rule.
    This is actually a very good option, and the first funder that popped into my mind when reading about buying 2nd positions.

  5. #5
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    Quote Originally Posted by WestCoastFunding View Post
    This is actually a very good option, and the first funder that popped into my mind when reading about buying 2nd positions.
    So, they will payoff 2nd and take over 2nd position without a 50% net rule? What about 2nd and 3rd while taking over 2nd, is that doable? I used to have a Lender who did that, but sadly those days seem to be over....

  6. #6
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    Mark your a real mensch !
    Marcus Clapman | Business Development | Cresthill Capital
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  7. #7
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    We can payoff 2nd positions.

    PDM Capital
    39 Broadway
    New York, NY 10006
    646-876-1055

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