[Lmonus]

Have a client I've worked with for years who typically only holds one position and renews once a year in November, but unbeknownst to me, a little over a month ago he m took a second position and now the original lender won't renew him.

Looking for a third position at the best possible buy rate as the merchant is extremely rate sensitive. Credit is roughly 800, does 200k a month and his balances total 54k. 12k first position, 42k second

If you havent found a home for this yet, please let me know. If the 1st position is not going to refi this looks like a sick deal. Sounds like a 80-100k 2nd, maybe paying off the first? Probably will be in the mid 1.3's paying probably 4-6 depending where you land on cost. Let me know!