Corporate Turnaround: High RISK LENDER - Page 2
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  1. #26
    Senior Member Reputation points: 2496
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    Quote Originally Posted by ADiamond View Post
    you have a lot of companies who's underwriting is less than perfect, like EBF & CAN they have been funding a lot of other lender's defaults and there are some other companies who's UW carelessly overlooks UCC's filed, old bank statements, etc and will fund defaults. there are a few other new lenders as well that will fund defaults, they're "high risk" lender specialize in D-ZZ quality paper.
    You think we'll be reading about those "new lenders" next week?
    David Obstfeld
    Chief Executive Officer
    SOS Capital
    1330 Ave of the Americas, NY, NY 10019
    212-235-5455
    SOSCapital.com

  2. #27
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Quote Originally Posted by soscap View Post
    You think we'll be reading about those "new lenders" next week?
    if we haven't already lol

    edit - i've seen a couple merchant's recently funded for $250-$500k... i know they've defaulted in 2014-2015 but why look back that far? it's only half a mil!
    Anthony Diamond
    Underwriter

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