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04-28-2016, 04:34 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
12 month term on seconds
I just lost a deal to someone in the construction industry who claims that another lender usurped my $100K offer for 6 months behind a $125K first with a $100K second with a $123K payback on 12 month terms.
I have a few lenders who do seconds but never heard of one going 12 months. Any clues who is offering these terms?
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04-28-2016, 05:32 PM #2
- Join Date
- Mar 2016
- Posts
- 335
Last edited by TedFundy; 04-28-2016 at 05:35 PM.
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04-28-2016, 06:01 PM #3
- Join Date
- Aug 2014
- Posts
- 49
12 month term on seconds
New era does 9-11months on seconds
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04-28-2016, 06:25 PM #4
- Join Date
- Apr 2016
- Posts
- 1
Evolution Capital Group does that!
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04-28-2016, 08:00 PM #5
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
12 month term on seconds
IOU and Quarterspot both do 12 month seconds in the 1.23 range.
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04-29-2016, 09:35 AM #6
- Join Date
- Oct 2014
- Location
- NYC
- Posts
- 35
Thanks SigmundPannu,
Small enhancement to the range. QuarterSpot will do up to 18 months on a second.
Contact us at partners@quarterspot.com with questions or if you are not signed up: https://www.quarterspot.com/partner-registration
Thanks
Mike
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04-29-2016, 09:34 AM #7
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
Evolution Capital does that... PM me and i give you contact info...
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