High end 2nd Positions?
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  1. #1
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    High end 2nd Positions?

    Who does 2nd positions $150K-$200K for clean paper, 680+ credit score, will fund $150K-$250K at a reasonable factor for a 9-12 month term(and do weekly if possible)? No Brokers, YS, Pearl(no offense)...I already know IOU and Quickbridge. Am I missing anyone? I mostly do 1st position deals and pay off whenever possible. I have a couple of clients who need 2nds, are not habitual stackers, have 680+ credit scores and a clean history who need $$ yesterday!!

    Any help would be appreciated!!

  2. #2
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    quarterspot

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    Few things:

    1. Quickbridge does not do second positions.
    2. IOU
    3. Quarterspot
    4. Business backer
    5. Knight
    6. WBL (with collateral)

    Happy hunting!
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Zach pretty much hit it on the head with that
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  5. #5
    Veteran Reputation points: 135672 Chambo's Avatar
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    Knight does 9-12 month 2nd position deals?

  6. #6
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by Chambo View Post
    Knight does 9-12 month 2nd position deals?
    don't work with them so I am not sure.
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  7. #7
    Senior Member Reputation points: 32658 Zach's Avatar
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    Knight goes out to around 150 payments I believe. I listed them in the order of rates/terms (except WBL's rate would be comparable to any of the others, depending on various factors).
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  8. #8
    Quote Originally Posted by JSL23 View Post
    Who does 2nd positions $150K-$200K for clean paper, 680+ credit score, will fund $150K-$250K at a reasonable factor for a 9-12 month term(and do weekly if possible)? No Brokers, YS, Pearl(no offense)...I already know IOU and Quickbridge. Am I missing anyone? I mostly do 1st position deals and pay off whenever possible. I have a couple of clients who need 2nds, are not habitual stackers, have 680+ credit scores and a clean history who need $$ yesterday!!

    Any help would be appreciated!!

    I wanted to reach out to you to inform your our MCA program has gone to a new level then our competitors. We are funding both 1st and 2nd position desks ranging from $10k-$1,000,000.

  9. #9
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    Quote Originally Posted by Zach View Post
    Few things:

    1. Quickbridge does not do second positions.
    2. IOU
    3. Quarterspot
    4. Business backer
    5. Knight
    6. WBL (with collateral)

    Happy hunting!
    Thank you. I love Knight, but they are more of a 6 month term spot, WBL I already use and I am waiting on an answer from IOU. Had Quarterspot and Quickbridge mixed up (damn Qs!) I will check Quarterspot out though, I have heard they are good.

  10. #10
    Quote Originally Posted by D360 View Post
    I wanted to reach out to you to inform your our MCA program has gone to a new level then our competitors. We are funding both 1st and 2nd position desks ranging from $10k-$1,000,000.
    No disrespect, but if you can't even string together a coherent and grammatically correct paragraph, why would anyone take you seriously...

  11. #11
    Senior Member Reputation points: 32658 Zach's Avatar
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    Quote Originally Posted by JSL23 View Post
    Thank you. I love Knight, but they are more of a 6 month term spot, WBL I already use and I am waiting on an answer from IOU. Had Quarterspot and Quickbridge mixed up (damn Qs!) I will check Quarterspot out though, I have heard they are good.
    Quarterspot is a great funder! Very similar to IOU in underwriting and process. Make sure you don't put the client's email address into the submission portal though, or it will automatically send the offer to the customer.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  12. #12
    Contact me directly at your earliest convenience. I can absolutely help you with this file.

    Jonathan Medi
    PowerUP Lending Group, Ltd.
    (516)498-9890

  13. #13
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    If the numbers are right (the 1st is not too large relative to the revenue/cash flow), we can take a 2nd position. I am a direct lender. dan@fundingstrategypartners.com or 303-938-8280

  14. #14
    Hi, Please contact me at rich@arcariusfunding.com we will do 2nd position but it comes down to who is in first position.
    Richard Taylor
    Vice President Of Sales
    Arcarius LLC
    rich@arcariusfunding.com

  15. #15

    Knight

    Quote Originally Posted by Zach View Post
    Quarterspot is a great funder! Very similar to IOU in underwriting and process. Make sure you don't put the client's email address into the submission portal though, or it will automatically send the offer to the customer.
    Can you provide more info on how to contact Knight

  16. #16
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    Quote Originally Posted by landmarkrealty View Post
    Can you provide more info on how to contact Knight
    this crazy new thing called google

  17. #17

    2nds and consolidate

    I'll take a look for you. Who's in fist pos

    Mkarow2037@gmail.com
    7185412603
    We also do consolidations

  18. #18
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    Quote Originally Posted by JSL23 View Post
    Who does 2nd positions $150K-$200K for clean paper, 680+ credit score, will fund $150K-$250K at a reasonable factor for a 9-12 month term(and do weekly if possible)? No Brokers, YS, Pearl(no offense)...I already know IOU and Quickbridge. Am I missing anyone? I mostly do 1st position deals and pay off whenever possible. I have a couple of clients who need 2nds, are not habitual stackers, have 680+ credit scores and a clean history who need $$ yesterday!!

    Any help would be appreciated!!
    We can definitely take care of that. We keep it as inexpensive as possible for a second position and can offer weekly and a early payment discount if the file qualifies. Feel free to email me.

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