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11-07-2018, 01:24 PM #1
- Join Date
- Feb 2017
- Posts
- 3,348
Lender looking for senior debt
An equity guy I know just emailed me with a request form a state-licensed lender who is looking for $2mm to replace private debt, and will be convertible to equity pretty soon. They have good financials, 75% returns, up to $2000 loans for 10-12 month terms. (This is not a payday lender.)
Current private lender in first position is charging them 17.5%, they want 12% and stay in first position.
Anyone know a fund that may be interested?
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