[Franklin]

In what world is a 6th position at 126 payments sustainable with a withhold of 43%? They filed a UCC on the entities that own the real estate...MCA=Unsecured. You can't divert rent in the event a deal goes bad. Legit looks like they are selling their original investment out to syndicators.

What type of term would you expect for a 6th position?

Securing MCAs with real estate was WBL's model for years, albeit usually at 1st position.





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[Big Mack]

[QUOTE=Franklin;177541]What type of term would you expect for a 6th position?

Securing MCAs with real estate was WBL's model for years, albeit usually at 1st position.


Placing a UCC isn't "securing" with real estate. WBL would make a consolidation loan and place an actual mortgage on the property.

[Big Mack]

What type of term would you expect for a 6th position?

Securing MCAs with real estate was WBL's model for years, albeit usually at 1st position.

Placing a UCC isn't "securing" with real estate. WBL would make a consolidation loan and place an actual mortgage on the property.

[Franklin]

Placing a UCC isn't "securing" with real estate. WBL would make a consolidation loan and place an actual mortgage on the property.

It's the same principle for this conversation, if the merchant defaulted, WBL had recourse to take the property.







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