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