Quote Originally Posted by Southern_Funding View Post
CA deal. The deal has decent credit, is profitable, has good balances and revenue. The merchant was funded a first position in the beginning of March, Deal was from an A- paper funder at 10 month term, low rate. He is seeking additional funds for a project he is working on. The issue I'm having is there's barely any pay history and offers I'm getting are high risk 4-5 month deals. Can anyone offer a decent second position here ? He understands he will be paying higher rate and shorter term but just looking for something reasonable ...
Depending on the credit and gross reserve and tib as well as exactly when in March he got funded and how much they gave him I can possibly give a descent second position offer. Hopefully we can take over the first position eventually since our renewals work kind of like a loc on first positions.

Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872