Results 1 to 23 of 23
Threaded View
-
05-02-2024, 01:20 PM #12
NO WAY you are getting$150K as a second, when they average $150K. Also depends on what the first position offer was. 99% of funders out there will NOT offer more money or longer term on a second.
Unless they are willing to go the invoice factor or SBA route (but those sources are going to want to have 1st pos on UCC, so they would look to buy out whatever is already out there), 1.4+ rates are what are going to be offered across the board
Similar Threads
-
2nd Position Construction 200k
By brokerCompany in forum Deal BinReplies: 1Last Post: 11-17-2023, 10:18 AM -
1st position construction 200k +
By McoupeBobby in forum Deal BinReplies: 9Last Post: 09-03-2019, 02:23 PM -
Best for construction deals? 700 fico, 200k depsosits
By Sachip24 in forum Deal BinReplies: 4Last Post: 08-09-2018, 12:14 PM -
Need 100K, construction/landscaping, 200K in future contacts
By premierecapitalfunding in forum All Other LendingReplies: 3Last Post: 04-10-2017, 09:37 PM -
Construction company averages 200k monthly
By Freeflowingfunds in forum Deal BinReplies: 4Last Post: 05-12-2015, 12:59 PM