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09-25-2014, 05:34 PM #10
I see what you are saying in this example.. The deal I am talking about owed 15k doing 50k gross.. The ISO pitched a smaller second position deal. Pitched the merchant 12k second position instead of trying to do a 40k regular deal and pay off the existing position..
The point I was trying to make is that I am starting to think there are people in this industry who dont know there is an option other then to offer a stack.
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