12 month term on seconds
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  1. #1
    Senior Member Reputation points: 752
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    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?

  2. #2
    Senior Member Reputation points: 5777
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    Last edited by TedFundy; 04-28-2016 at 05:35 PM.

  3. #3

    12 month term on seconds

    New era does 9-11months on seconds

  4. #4
    Evolution Capital Group does that!

  5. #5
    Senior Member Reputation points: 62986
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    12 month term on seconds

    IOU and Quarterspot both do 12 month seconds in the 1.23 range.

  6. #6
    Senior Member Reputation points: 2126
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    Evolution Capital does that... PM me and i give you contact info...

  7. #7
    Quote Originally Posted by sigmundpannu View Post
    IOU and QuarterSpot both do 12 month seconds in the 1.23 range.
    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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