Tooling Company in Florida wants to use inventory for 150k loan
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  1. #1
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    Tooling Company in Florida wants to use inventory for 150k loan

    Client owns some property valued at 500k and inventory at 500k both owned free and clear.
    Would like a 4-5 year loan or a products that does not look like an MCA. Any ideas or interest?

  2. #2
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    How's his credit? A non-bank mortgage is your best bet. PM me for more details, but I'm sure Scott will get on here really quickly before you call me about it ;-)

  3. #3
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    Whats the catch?

  4. #4
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    IT all depends on the type of property and location.
    Plenty of commercial real estate lenders that do term loans.

    Quote Originally Posted by 1Loanguy View Post
    Client owns some property valued at 500k and inventory at 500k both owned free and clear.
    Would like a 4-5 year loan or a products that does not look like an MCA. Any ideas or interest?

  5. #5
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    There's like a million people that could do something with the real estate. If you don't have the resources and/or need help brokering the CRE, then Dan Page on here may be able to help.

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