Attention all 2nd position lenders!!!!!!!
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  1. #1

    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

  2. #2
    Quarterspot is pretty good.

  3. #3
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    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

  4. #4
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    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

  5. #5
    Senior Member Reputation points: 7360
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    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

  6. #6
    Quote Originally Posted by ADiamond View Post
    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.


    iou does only first i thought...he doesnt want to buy out his current balance just another position

  7. #7
    Senior Member Reputation points: 32658 Zach's Avatar
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    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

  8. #8
    Quote Originally Posted by Zach View Post
    IOU, Quarterspot, BB, and WBL have the best 2nds I know of.
    what's bb?

  9. #9
    Quote Originally Posted by sdellitalia View Post
    what's bb?
    Business Backer

  10. #10
    Senior Member Reputation points: 306908
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    [QUOTE=Zach;37338]IOU, Quarterspot, BB, and WBL have the best 2nds I know of.[/QUOTEa
    Agreed and would add windset also

  11. #11
    Senior Member Reputation points: 32658 Zach's Avatar
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    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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