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12-09-2015, 04:54 AM #1
- Join Date
- Oct 2014
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- 10
12 month 3rd position
Anyone know of a third position lender that goes 12 months or longer?
Great balances and does 4 million per year in revenue.
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12-09-2015, 08:23 AM #2
12 month 3rd position
The only lender that I know of that would facilitate that type of transaction would be us at WBL. We would far prefer to pay the existing balances off, but if the CPDR is low enough and we don't over leverage the client we can potentially do a 3rd over 12 months.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-09-2015, 08:28 AM #3
Try Kabbage. A deal came across my desk yesterday where OnDeck was in 2nd position and Kabbage stacked them for a third position.
- Seeing some hypocrisy see here from the OnDeck’s and Kabbage’s of the MCA world saying how evil stacking is….. I guess that it’s only evil if they are in first positionLast edited by JKarp; 12-09-2015 at 08:46 AM.
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12-09-2015, 08:35 AM #4
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- Oct 2013
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- New York, NY
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- 1,203
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12-09-2015, 08:43 AM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Agree with Zach that WBL would be a good choice for 3rd position if the client has RE. If not, and if the client would be interested in consolidating all balances with cash out, I would be interested in taking a look. Direct lender, 12-18 mo. term, no RE required.
Thanks,
Dan Page
dan@fundingstrategypartners.com
303-938-8280
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12-09-2015, 09:15 AM #6
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- Apr 2015
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- 297
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12-09-2015, 09:15 AM #7
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- Jun 2015
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- 3,326
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12-09-2015, 02:04 PM #8
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- Dec 2013
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- 81
alot of risk ..
Last edited by happysales; 12-09-2015 at 03:14 PM. Reason: delete
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12-09-2015, 10:56 PM #9
- Join Date
- Aug 2015
- Location
- New York
- Posts
- 15
I have seen a 12 month 3rd position from 2 dollar capital on one of my papers.
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12-10-2015, 11:12 AM #10
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Kabbage definitely stacks.. I have seen at least 2 of my clients get funded by them, well after we funded. Also, Kabbage does pay for referrals, but it's like 1% or less.. not worth it IMO. OD most def has a stacking clause.. they say they will terminate ISO/Advisor agreement if you get caught facilitating the stack. And lastly, the question that initiated this thread, are there any lenders willing to offer 12 month deals in 3rd pos? Well that depends on who is in 1st and 2nd. Fora will entertain 3rd at a longer term. Also, Kings Cash.. they normally offer 5 - 7 months.. but for the right deal, they may extend this a bit. Good luck!
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