2nd Position - lowest buy rates?
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  1. #1
    Senior Member Reputation points: 8723 helpinghand's Avatar
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    2nd Position - lowest buy rates?

    Have a long-time client that needs a sizable second position. Great deposits (see below).

    First position deal is an 18 month deal, ends in March, daily currently $333.

    $140,000 - Oct. (15 deposits)
    $78,000 - Sept. (23 deposits)
    $59,000 - Aug (23 deposits)
    $100,000 - July (10 deposits)

    Deposits 10/30 - yesterday = $55,000.

    I have two offers right now for 2nd position but they're not enough to move the needle (currently $20k and $20.5k, 7 and 6 mo.)

    Client needs at least $40,000 to move the needle. Healthy cash flow, solid credit. Looking for a very fair deal here.

    Which lenders offer the lowest buy rates on 2nd position and/or longest terms?

  2. #2
    Senior Member Reputation points: 30475 Zach's Avatar
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    WBL has the lowest rate and longest term second positions in the space, except on some deals from IOU and Quarterspot.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Senior Member Reputation points: 8723 helpinghand's Avatar
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    Quote Originally Posted by Zach View Post
    WBL has the lowest rate and longest term second positions in the space, except on some deals from IOU and Quarterspot.
    Thanks buddy. How was that egg, cheese and sausage McGriddle?

  4. #4
    Senior Member Reputation points: 30475 Zach's Avatar
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    Quote Originally Posted by helpinghand View Post
    Thanks buddy. How was that egg, cheese and sausage McGriddle?
    I am addicted to unhealthy breakfasts... don't judge me!!! Haha
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
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    Sent PM
    Kevin Dinh

    3131 Eastside Street, Suite 350
    Houston, TX 77098
    P: 713-322-9743
    Email: kdinh@accordbf.com
    Web: https://go.accordbf.com/DF-Partners/

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