Results 1 to 13 of 13
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03-14-2016, 06:58 PM #1
- Join Date
- Apr 2014
- Posts
- 20
2nd position 250K- 1st position Direct Capital
I have a manufacturing company doing around 10Mil AGS looking for around 200-250k. They currently have an advance for 100k with direct capital. They do not want to pay it off, they are looking for a second position with very competitive rates. They are located in California, what lenders could do that amount with very competitive rates? Credit is good & banks are great.
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03-14-2016, 07:10 PM #2
- Join Date
- Apr 2015
- Posts
- 297
Quarterspot may be your best bet.
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03-14-2016, 07:35 PM #3
WBL can do a second position with some of the lowest rates in the space.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-14-2016, 09:16 PM #4
- Join Date
- Aug 2014
- Posts
- 194
2nd position 250K- 1st position Direct Capital
You talking about your 1.60s collateralized rates??? I highly doubt even your 3 month buyrate can get close to direct capitals terms.
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03-14-2016, 09:24 PM #5
Our Gold pricing is comparable to On Deck or CAN's pricing, and our Gold program will do 2nd position for a much longer term than any of our competitors.
If your client qualified for a high rate with us, he would have qualified for a high rate, a smaller loan amount, and a shorter term elsewhere.Last edited by Zach; 03-14-2016 at 09:28 PM.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-15-2016, 12:02 AM #6
- Join Date
- Oct 2014
- Posts
- 257
2nd position 250K- 1st position Direct Capital
If direct capital is a lease I can treat this like a first....and I mean pay like it's a first.
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03-15-2016, 03:06 AM #7
2nd position 250K- 1st position Direct Capital
Yellowstone can fund it fast
800-955-2411
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03-15-2016, 08:25 AM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,513
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-15-2016, 11:59 AM #9
IOU did a 2nd for us behind Direct. But you probably need a license if in CA
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03-15-2016, 12:05 PM #10
- Join Date
- Jun 2015
- Posts
- 32
I don't think quarter spot does CA deals & IOU won't go up to 200-250k the client is seeking.
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03-15-2016, 12:07 PM #11
- Join Date
- Jun 2015
- Posts
- 3,327
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03-15-2016, 12:08 PM #12
- Join Date
- Jan 2016
- Posts
- 435
I believe QS can work CA files as of march 7, but you are correct their max is 150K and they may not do it as a 2nd position
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03-15-2016, 12:16 PM #13
Nextwave Funding up to $500k and we fund California.
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