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06-21-2017, 07:14 AM #1
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Ted,
We have successfully consolidated as many as 14 positions. There is no 'program' that is specific to consolidating a construction company- or any other company. In this scenario, the assets, WIP, and DSCR will likely be what saves the company.
South End will try to package this as a 7a if there is no Real Estate.. My guess is that it would be a quicker play with a Hedge Fund (which will still take about 30 days instead of 90). The long term exit strategy will be a note with a long term
amortization, but if a business is bleeding cash while they are trying to grow- 90 days can feel like a lifetime.
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