Buyout and replace existing loans while subordinating their first lien position.

**bdshaw** · 06-17-2014, 09:56 AM

I have two similar deals. Both have relatively new loans with lenders who will not subordinate their first lien position to a
factor.
Both companies qualify for new loans for the amount outstanding but not much more.
Does anyone know of any direct lenders who would consider these deals?
Bob 734-929-3800
rshaw@advancecredit.com

**rld** · 06-17-2014, 05:08 PM

As far as I know they want the merchant to keep at least 50% of the capital when paying off competitor loans. So your clients will have to pay those loans at least half way off before they can refinance.

**Ocean Financing** · 06-18-2014, 01:21 PM

We can get this deal done but the merchant must net 60% of advance after payoff if refinancing.

**GRP Funding** · 06-18-2014, 01:43 PM

What kind of loans do these merchants have out? Traditional bank financing?

**BB_Cooper** · 06-18-2014, 02:11 PM

If the debt service isn't crushing, this is a deal that we would fund w/o the subordination agreement-

Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com

Thread Tools

Display

Buyout and replace existing loans while subordinating their first lien position.

Buyout and replace existing loans while subordinating their first lien position.

Similar Threads

Merchant wants renewal after they got a 2nd position.

Seeking Funding Expert -2nd position or not?

2nd position

Merchant Cash Advance Sales Position Available

Posting Permissions