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03-06-2018, 03:57 PM #1
- Join Date
- Apr 2017
- Posts
- 190
$2.4 million Debt Consolidation and Business Expansion Loan
Who could assist me in this deal? Send me PM Only. Looking for Direct Lenders for details. Thanks
Last edited by Creative Lender; 03-06-2018 at 03:57 PM. Reason: Add information
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03-06-2018, 04:05 PM #2
- Join Date
- Feb 2017
- Posts
- 3,455
If you want a direct lender to reach out to you, you'll have to clarify some things:
- What's the industry?
- What's the collateral?
- What's the FICO?
- What type of debt do they currently have?
As Richard will undoubtedly ask.... Do you have the most recent Balance Sheet?
Direct lenders are not the right people to do this. They'll only push one product, and you likely need several.
You're going to need a team for:
Reverse Consolidation (if they guy has MCAs)
Real estate financing (hard money and/or mortgage)
A/R financing
Inventory financing
Lines of Credit
I'm currently restructuring a very large loan that has an SBA, Funding Circle, National, a private real estate mortgage, as well as a several personal loans involved. We're getting him one payment on all of it.
If you don't even know these products or places to go for them, there are several of us here who can help (and some of us know how to monetize without co-brokering). I can, Richard Gerard is excellent... lots of options.
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03-06-2018, 10:13 PM #3
- Join Date
- Apr 2014
- Posts
- 781
Richard is exceptional
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03-07-2018, 07:50 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Thank you Micah and Golf.. Working with trusted/professional partners is vital, you guys are definitely that..
Understanding the nature of work flow as an ISO, I understand the desire to make as much as you can on every deal. Where I believe there is a disconnect is thinking that knowing the name of a lender/bank will allow you to do a deal with them.
Working with a Consultant that can understand the clients business, speak the language of their CPA and CFO, and be able to structure a multi tier transaction- will often be the difference between writing one transaction, as opposed to several larger transactions AND having a long term relationship with your client(s).
Sometimes making 50% of something large is better than making 100% of something small..
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03-08-2018, 01:54 PM #5
- Join Date
- Nov 2017
- Posts
- 12
Sent you a PM
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