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  1. #1
    Member Reputation points: 31
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    Orange County, CA
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    2nd Position Lenders that do 8-10 month?

    Interested in recommendations for lenders that offer 2nd position MCA's that offer 8-10 month terms, it seems most we have immediately drop to 5-6 months for a clean credit file. Thanks in advance.

  2. #2
    Senior Member Reputation points: 1519
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    Hey, Depending on the file and the terms of the 1st position - there are lot's of funders that would go out that long.
    UFS, FOX, LG would deff do that, potentially RDM. (I'm sure there are a lot more)

    Not that these are the terms they'd love to push out as a second, but they would do it if the deal warrants it.


    Thanks.
    Underwriting Desk | ClearFund Solutions | New York, NY.
    P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
    _____________________________

    ClearFund is a Direct Funder
    ISO inquires: partners@clearfund.co

  3. #3
    Senior Member Reputation points: 3706
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    We can help you with this file.
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

  4. #4
    Senior Member Reputation points: 6544
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    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    268

    We're currently maxing out at 8 to 8.5 months on 2nd's. Feel free to reach out to discuss any particular deal.
    Jeff Pecori
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 Ext.101 | F. 646.219.7949
    jeff@vitalcapfund.com

  5. #5
    Thanks for the mention Clearfund.

    RDM is currently providing 8-9 month terms on the vast majority of all clean 2nd and 3rd position offers, as well as only providing hard offers up front. Feel free to reach out on my cell for more info
    Avraham Sharaby
    Director of Business Development

    Fintap
    777 Passaic Ave, Suite 375
    Clifton, NJ 07012


    Phone: 973-500-6692
    Cell: 443-416-2765

    Asharaby@Fintap.com
    www.Fintap.com

  6. #6
    Greenwich Capital would go out to 8-10 months on solid 2nd positions - Info@gcmcapitalgroup.com for an ISO Agreement.

  7. #7
    Senior Member Reputation points: 69645
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    897

    CFG Occasionally does 8 month deals if the 1st position is a clean funder with a longer term. 150-170ish day term is what you will see on a clean 2nd position if the funded amount is substantial enough. Ive done them before, but the funded amount was greater than 100k.

    Not going to go out 8 months on a 15k file.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  8. #8
    Windgate Capital can go out to 10 Months and we have starting buy rates in the 1.20's with weekly payments. if interested give me a call at 516-400-2062

    Scott King |Director of ISO Relations
    Windgate Capital
    90 Broad St, 16th Floor, New York, NY 10004
    Direct: (516) 400-2062 ǀ Cell: (917) 565-9880
    Scott@WindgateCapital.com ǀ https://www.WindgateCapital.com
    Last edited by WindgateCapital; 10-22-2020 at 05:53 PM.

  9. #9
    Senior Member Reputation points: 676
    Join Date
    Feb 2017
    Posts
    157

    We do 2nd positions up to 11 months all day.

    Email info@pdmcapital.com to sign up!
    PDM Capital
    39 Broadway
    New York, NY 10006
    646-876-1055

  10. #10
    Quote Originally Posted by 1Loanguy View Post
    Interested in recommendations for lenders that offer 2nd position MCA's that offer 8-10 month terms, it seems most we have immediately drop to 5-6 months for a clean credit file. Thanks in advance.
    We work with a number of 2nd position funders consistently offering 8-10 month terms with buy rates in the 1.20s. If you are interested in talking more, don't hesitate to direct message us or email us at info@capfront.net. We're looking forward to hearing from you!
    CapFront
    210 Old Country Rd, Ste 101
    Garden City, NY 11501
    P:844-466-6394
    info@capfront.net
    www.capfront.net

  11. #11
    Quote Originally Posted by PDM Cap View Post
    We do 2nd positions up to 11 months all day.

    Email info@pdmcapital.com to sign up!
    I know you give those sorts of approvals. Do they ever actually fund?

  12. #12

  13. #13
    We are actively funding 2 position deals with 8 month terms and very aggressive rates.

    Feel free to reach out for more info.
    Benjamin Lugassy
    SOS Capital
    blugassy@soscapital.com
    P:212-235-5462
    F:212-235-5459
    www.soscapital.com

  14. #14
    8-10 month 2nd & 3rd position deals, especially behind top tier lenders, would fall right within our program parameters. Note: we tend to not extend our term past the most recent position.

    Please email me if interested.
    Last edited by fundingtoday; 10-26-2020 at 03:35 PM.
    Dave Shollock
    Samson Funding
    Director of Business Development
    dshollock@samsonfunding.com

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