Results 1 to 3 of 3
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05-18-2017, 07:03 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Construction Company / 25Mill/year / Seeking: 3M-5Mill
Scenario:
Industry: Construction
Income: 25Mill / year 2016, Tracking 25Mill+ 2017
TIB: 5yrs+ / Experience: 25yrs
Credit: 675-700
Collaterla: No R/E, Equipment Minimal or already Financed
Loan Amount Req'd: 3M-5M
Loan Type: Term
Loan Purpose: Consolidate 1Mill in MCAs plus Working Capital
Seeking competitive loan terms --- already has a commitment letter for 3Mill term loan, no invoice factoring. I've got 2-3 spots in mind, trying to come in as competitive as possible. Suggestions?
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05-18-2017, 07:09 PM #2
Celtic bank would be good for this. If you aren't connected with them I can help co-broker it for you.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-18-2017, 07:27 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
As the client already has a 3M term loan commitment it seems like they need Bridge Capital to get to the finish line. We work with a group that likes to deploy Capital in these scenarios as long as they are secure in the exit strategy.
Zach is right that Celtic does 7a and 504 loans- which may or may not apply here. If they want a long term note there has to be collateral. If they want competitively priced Bridge Capital- there has to be collateral
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