Results 1 to 5 of 5
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10-20-2017, 02:20 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Auto Dealership / 250k-500k LOC / 832 score
Scenario:
TIB: 15 years
TOB: Auto Dealership
ST: Georgia
AMT: Wants 500k Line of Credit
PURPOSE: Expand business-New inventory
CREDIT: 832
OTHER DEBT: Has a commercial line of credit with his local bank.
Income: $900,000 p/year
R/E/Assets: Own business location. Mortgage balance is $800,000. Value Estimate: 2.7M
Looking for true revolving LOC --- looking for traditional bank terms or close to it as possible
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10-20-2017, 02:36 PM #2
with that kind of volume and score....why is there no floor plan to tap into?
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10-20-2017, 04:51 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
CFS -
With that credit, property worth $2.7MM and $800k balance, it is highly likely I can get him the $500k he needs, with single digit rates. I would need to refi his existing mortgage and provide cash-out on top.
Please feel free to reach out and discuss.
FYI: I'm going to the Pitbull conference so will be traveling Monday and Tuesday, returning to the office on Wed.
Thanks,
Dan Page
Boulder Equity Partners
Direct: (303) 938-8280
dan@BoulderEquityPartners.com
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02-24-2023, 02:29 PM #4
- Join Date
- Feb 2023
- Location
- New York
- Posts
- 7
Hello,
Please send me an email and I'll send you info. Thank you!
Lily Taylor,
Funding Director
| Office | (646) 582-8933
| Cell | (917) 470-2274
| Fax | (888) 894-3518 or (212) 706-0117
| Email | LMartin@ProsperumFunding.Com
8 West 36th Street, Floor7 | New York, NY 10018
ProsperumFunding.ComLast edited by ProsperumCapital; 02-24-2023 at 02:34 PM.
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02-24-2023, 02:48 PM #5
2017..Really?
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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