Client/merchant that needs to take a loan/second against their home
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  1. #1
    Senior Member Reputation points: 23750
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    Client/merchant that needs to take a loan/second against their home

    I have a merchant that wants to take a second against their home in NY. They have approx $250k in equity and would like to net $200k - $250k. 1st position mortgage has a balance of approx $250k.

    Also owns a couple of retail stores but has some pricey MCA's that they want to payoff with the home equity proceeds.

    Please PM if anyone can help. I have a complete package ready and the merchant will provide anything else that is needed

  2. #2
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    World Business Lenders (WBL) will take a look. We do those deals every day. Please contact me for more info. Thank you.

    Matthew A. Stucchio
    Mstucchio@WBL.com
    212 220 6018

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