Results 1 to 16 of 16
Threaded View
-
07-12-2017, 02:47 AM #1
- Join Date
- Mar 2016
- Posts
- 335
A+ Paper needs over 500k
I have a client that needs 600k-1M. This will be junior to a bank line that is maxed out at 1.2M. The bank will not increase the line until next year even though they are extremely over collateralized with RE and 5M of A/R (client not happy with bank). A factor came in cheaper than us and got a ~1M dollar subordination from the bank. Funding has not kicked in yet, however. We are going to lend against some free and clear RE client has but it may not be enough and our rates are around 2% per month. Looking for a second option that will be in the <10% APR range. Client has already grossed 10M this year. 1 owner, 800 credit.
And... Hard money loan may take too long. We can lend against RE in 48-72 hours.
Similar Threads
-
Consolidation - $500k
By jjdcnetrex2 in forum Deal BinReplies: 4Last Post: 04-21-2017, 10:01 AM -
250-500k without tax returns
By carranza92 in forum Deal BinReplies: 17Last Post: 02-07-2017, 09:44 AM -
2MM a Month looking for 500k LOC
By PJLamar38 in forum Deal BinReplies: 2Last Post: 02-03-2017, 01:44 PM -
Computer Hardware A paper deal need $500k
By Mhamill in forum Deal BinReplies: 6Last Post: 05-12-2015, 03:51 PM -
Where are all of these deals that are 500k?
By CO1 in forum Merchant Cash AdvanceReplies: 12Last Post: 07-17-2013, 11:37 AM