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04-28-2016, 04:34 PM #1
Reputation points: 752
- 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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