Results 1 to 8 of 8
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04-14-2015, 06:58 PM #1
- Join Date
- Apr 2015
- Posts
- 21
ANY 4th position lenders?
Merchant wants to consolidate 3 loans and get additional cash. Any lender that will take 4th position?
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04-14-2015, 07:21 PM #2
Um....that would NOT be a 4th Position deal
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04-14-2015, 07:24 PM #3
What is his balance and what is his gross? sometimes we just need to move onto the next deal.
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04-14-2015, 10:02 PM #4
- Join Date
- Dec 2014
- Posts
- 91
yes I will take a look at this deal. I am Rudy with Merchant Source in NYC. call me or email 646-757-3000 or rjames@merchantsourceinc.com office hours are 10 am to 6pm
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04-15-2015, 03:27 PM #5
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
You're asking for a first position, all theyre doing is paying off the existing loans and consolidating them into one. All other UCCs are then released, leaving only a first position. I would look at this deal but any deal with a history of stacking will have to sign a COJ with closing docs.
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Rich McKellar
www.linkedin.com/in/richardmckellar
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04-15-2015, 09:51 PM #6
- Join Date
- May 2013
- Posts
- 67
Hi Rudy,
Isn't merchant source an ISO?
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04-16-2015, 07:42 AM #7
- Join Date
- Mar 2015
- Location
- NY
- Posts
- 39
What are the numbers looking like
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04-16-2015, 07:35 PM #8Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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