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08-23-2017, 01:49 AM #1
- Join Date
- Oct 2016
- Posts
- 4,318
I mean, a term sheet is possible in that time. But there sure are a lot of hurdles and whoever will help you place this will need some more info: Are they cash-flowing? What were their net profits in 2016 and 2017 YTD? Projected profits? Any debt? Will their potential debt service coverage ratio be around 1.1 or 1.3 under stressed conditions? What does their balance sheet look like? Does the owner have a strong personal financial statement?
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