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12-19-2013, 11:34 AM #1
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- Dec 2013
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Underwriting Major MCA Lenders
Hello:
We're a mortgage bank and small business lender out of AL/NV. One of our investors recently approached me with the idea of being a direct lender in the MCA space. Considering the residuals, the idea is attractive but not without substantial risk.
Though we process about $250K per month in this area as a broker, I am little hesitant about jumping in full steam. Are there any lenders out there that will allow us to underwrite their risk on our paper and then buy the note for a discount? We have substantial cash resources to fund these deals on our own, service the deal for a while and then sell it off.
Thanks for the replies!
AK