Transitional Loan?
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  1. #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.com
    Last edited by Iannad; 09-10-2018 at 12:46 PM.

  2. #2
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    Quote Originally Posted by Iannad View Post
    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.com
    doesn't work that way.

    example. I want to buy your Uber car to start my own uber company/job, ok.
    I cant take your title with your name on it to go to a cash/title loan company to take a loan out under your name to buy your car from you, correct?

  3. #3
    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

  4. #4
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    Can’t do a business acquisition based on bank statements.

  5. #5
    Senior Member Reputation points: 27404
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    Quote Originally Posted by bgibbsfastadvance View Post
    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.
    how can you get approval on an mca if the borrower isnt the business owner or without the business owner taking out an mca to pay himself off to walk from the mca and pass it to the new buyer?

  6. #6
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    Quote Originally Posted by Iannad View Post
    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.com
    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

  7. #7

    Real Estate as collateral

    Very easy if the buyer owns any real estate. Give me a call 212-220-0175. Thanks, Robert


    Quote Originally Posted by Iannad View Post
    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.com

  8. #8
    Member 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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