[Michael I]

Is this a dumb question, why do MCA lenders shy away from a 1st position?

They don't know how to underwrite and rely on the first position underwriting

[TedFundy]

They don't know how to underwrite and rely on the first position underwriting

...Vultures just circling the dying, waiting for someone else to go in for the kill to get some lunch. Half of me is constantly disgusted, the other half of me isn't even mad, I am just impressed. As a wise man once said, "Baxter, you ate the whole... wheel of cheese? How'd you do that? Heck, I'm not even mad; that's amazing."