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02-02-2016, 11:28 AM #11
I am sorry but the words 4th position and good deal should never be used in the same sentence. @wallfunding yes maybe this underwriting worked under your model but what about the 3 companies in front of you who underwrote it on their model? Their underwriting does not take into account your payments so what in their mind was a good deal when they underwrote the deal today would be a decline because of the strain you put on their cash flow. I get there are 2nd positions and there are times they make sense but how is going out 3 or 4 positions in anyway ever good for the merchant.
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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