[Mikefunds]

Hes pitching something on the back end. A crazy refi. Loc. Term loan. How else would it make sense even if its a 10% increase in reduction for the merchant to take a new reverse, and, have the current reverse continue to debit them?

No, he just wants more capital now and wasn't aware it busts the reverse. I told him I'd help get him into the same, potentially a little better of a reverse than what he currently has after we fund. He's not super deep into term on his current one, so he's not left with a huge chunk from them. I sell deals straight up, no LOC garbage. This is an 85k deal as a 5th position, he doesn't listen to BS