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08-08-2018, 12:50 PM #1
Client buying an insurance book
My client is looking to buy an insurance book, and need financing for it, they are buying it from a local credit union that is being purchased by a larger credit union, and they have won the bid for the book a 1x value instead of 2.5x as the credit union is trying to get rid of it. Does anyone specialize in this (800k)
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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08-31-2018, 04:50 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Is it Health and Life or is it a Property and Casualty Book? Does the buyer have financials from the prior owner.
If the deal makes fiscal sense we work closely with a group that arranges Insurance Acquisitions and provides term loans for Insurance Brokerages.
Quick Underwriting decisions, terms to 5 years typically from 9.99% to 16%..
Touch base if this is still in play..
rg@businesscapitalconsultants.com
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