Results 1 to 16 of 16
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11-22-2014, 05:53 PM #1
2ND POSITION - lets Do This.
I have a client that is looking for a 2nd position ACH for $20K - avg deposits are 30K to 60K - first position is SFS
... ysc wont 2nd behind SFS
thoughts ?
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11-22-2014, 06:44 PM #2
- Join Date
- Mar 2014
- Posts
- 147
2ND POSITION - lets Do This.
Gerry call me Monday bud and we will get you all set up !!
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11-22-2014, 06:46 PM #3
- Join Date
- Jul 2014
- Posts
- 128
2ND POSITION - lets Do This.
Quit the biz if the only seconds you know is ysc
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11-22-2014, 09:20 PM #4
2ND POSITION - lets Do This.
Trust me I know other companies that will do second position but I tend to stay loyal to the ones that treat me right and give me a great service - and I normally don't do a 2nd position But this customer has asked several times -- to me it's not about making a quick buck off somebody it's about doing whats right for the customer and developing a strong relationship - -and that's why I've had repeat business for the last three years from most of my customers - they know I don't take advantage ,and a tremendous amount of referrals- I do zero outbound marketing and I'm busy all the time.....
So I think I'm doing pretty well. but thanks for your input.Last edited by Jstarr; 11-22-2014 at 09:24 PM.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-22-2014, 09:50 PM #5
2ND POSITION - lets Do This.
Drop me an email I will take care of you! wmurphy@everlastingcapital.com
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11-23-2014, 01:18 PM #6
- Join Date
- Jul 2014
- Posts
- 128
2ND POSITION - lets Do This.
You're a broker of course I'm going to trust you.
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11-23-2014, 09:43 PM #7
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
2ND POSITION - lets Do This.
Let me ask you something "Drizzle"... So all because a broker uses one particular company for additional positions- that makes them not suitable to be in this business? The BEST broker companies I know are NOT mca based and only work with a selected few lenders because of the clientele they work with. YSC does a wide range of business that others don't - so having YSC as an "stack" or "hard to fund" lender isn't a bad thing. Jerry is only asking the opinions of others because maybe their company is expanding and would like to have more options just in case something isn't suitable or rejected. I would rather someone ask a question or request guidence than jump to the conclusion of what to do, how things work, or JUDGE someone because of a question.
Oh and P.S. -Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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11-23-2014, 09:44 PM #8
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
2ND POSITION - lets Do This.
Jerry is one of the few that are doing things the "right way". I would take notes
Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
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11-24-2014, 07:02 AM #9
- Join Date
- Jun 2014
- Posts
- 195
Yellowstone and pearl are the only 2 real 2nd position funders. Their styles vary wildly. Pearl has a centralized underwriting system and Yellowstone has 10 or so in house underwriters. Everyone else is just trying to copy those 2
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11-24-2014, 12:10 PM #10
- Join Date
- Apr 2013
- Posts
- 245
There's plenty of second position funders out there. But most of them are in the shadows, just have to know how to find them.
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11-24-2014, 02:34 PM #11
- Join Date
- Jun 2014
- Posts
- 541
For Cooper its not about what position, but instead what are the aggregate daily retrievals in relation to trailing average deposit volume. Stated another way- Can the merchant afford it?
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg
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11-24-2014, 02:43 PM #12
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Cooper is a safe bet, they provide firm offers and fund quickly. The offer might be a little slow to come but everything else about the experience is top notch.
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11-24-2014, 08:55 PM #13
Thx...
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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11-25-2014, 10:48 AM #14
- Join Date
- Apr 2014
- Posts
- 92
Jerry@localdines.com,
We entertain 2nd position deals and offer very competitive rates and flexible options. There are certain items we like to see like seasoning on the 1st position and what is the ratio between monthly MCA obligations vs. monthly revs.
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11-25-2014, 01:54 PM #15
- Join Date
- Sep 2014
- Posts
- 720
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11-25-2014, 01:58 PM #16
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