Results 1 to 11 of 11
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01-05-2016, 05:19 PM #1
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- Nov 2015
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Attention all 2nd position lenders!!!!!!!
Hello,
Who is the best 2nd position lender from a rate and term perspective? I have a merchant who literally laughed at my Lendini offer (1.43). Before you guys jump down my throat about details of the file, I am simply asking what lender primarily gives the best 2nd position advances.
Sal 516-492-4533
sdellitalia@franklinmerchantcapital.com
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01-05-2016, 05:27 PM #2
Reputation points: 759
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- Apr 2015
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- 297
Quarterspot is pretty good.
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01-05-2016, 05:32 PM #3
its second position that is what most of the deals are gonna look like he wants a better rate pay off the first position
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
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01-05-2016, 05:35 PM #4
SOS capital is the only 2nd position lender you should be dealing with for low rates, although stips are a bit more thorough and no home based.
2nd best 2nd pos lender, IOU.Anthony Diamond
Underwriter
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01-05-2016, 06:01 PM #5
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I agree with John. If his financials are solid and he wants to finance with a cash out, that will be his most cost effective route.
If that is a path he wants to pursue, I am a direct lender and can do so.
Feel free to ping me for more info.
Best,
Dan Page
dan@fundingstrategypartners.com
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01-05-2016, 06:31 PM #6
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- Nov 2015
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- 19
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01-05-2016, 07:21 PM #7
Attention all 2nd position lenders!!!!!!!
IOU, Quarterspot, BB, and WBL have the best 2nds I know of.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-05-2016, 07:27 PM #8
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01-05-2016, 07:36 PM #9
Reputation points: 1370
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- May 2015
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- NC
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- 208
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01-05-2016, 10:07 PM #10
Reputation points: 306908
- Join Date
- Jun 2015
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- 3,321
[QUOTE=Zach;37338]IOU, Quarterspot, BB, and WBL have the best 2nds I know of.[/QUOTEa
Agreed and would add windset also
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01-05-2016, 11:56 PM #11
Attention all 2nd position lenders!!!!!!!
Oh yeah, forgot about Windset
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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