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09-10-2018, 12:29 PM #1
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Transitional Loan?
Heres the deal,
I have a gentleman looking to purchase a metro PCS store. He has statements from the store and letter of intent to purchase. He is looking to get money based off the income of the store he's looking to purchase. Any thoughts?
Ian G. Nadjari
Managing Director
Riverstrong Capital, Inc.
3418 Northern Blvd.
Ste. 321
LIC, NY 11101
Phone: (646) 876-5542 ext. 7003
Email: Ian@RiverstrongCapital.comLast edited by Iannad; 09-10-2018 at 12:46 PM.
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09-10-2018, 12:39 PM #2
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09-10-2018, 01:28 PM #3
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- Aug 2018
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Perfect, as along as he can show what the store has made in the last 3 months I can work it. shoot me an email with the details and we can work something out.
Brian Gibbs | Senior Financial Advisor
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09-10-2018, 02:39 PM #4
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09-10-2018, 01:28 PM #5
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Can’t do a business acquisition based on bank statements.
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09-10-2018, 02:53 PM #6
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The only way you can use the existing sales to fuel the purchase is if the seller guarantees the MCA, and has an agreement from the purchaser indemnifying him. Seller's aren't usually willing to do that-unless they are desperate to get out- and the buyer has some collateral they can attach to in the event of a default
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09-11-2018, 08:35 AM #7
Reputation points: 10
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- Apr 2016
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09-11-2018, 11:01 AM #8
Reputation points: 633
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- Feb 2017
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- Fort Washington, PA
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- 37
xx
Last edited by SBuchholz; 09-11-2018 at 11:15 AM.
Scott Buchholz
Account Executive
Velocity Mortgage Capital
215.619.2543 Direct
sbuchholz@velocitymortgage.com
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