Results 1 to 4 of 4
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09-21-2018, 12:33 PM #1
Need Hybrid ABL Lender Using Commercial & Ambulances for $800,000 Loan
I have a client with $560K equity btwn 2 SFR rental properties (65% LTV loan would be approx. $420K)
Also owns approx. $1MM in liquidation equipment (ambulances, most of them in new condition with verifiable improvements).
Also has about $1.7MM in A/R. This is an ambulance company.
The client seeks just one loan for $800,000-1,500,000 between everything.
Very important note is that this client WON'T, CANNOT put any money upfront for anything, except appraisal of commercial properties as a means of risk for underwriting this loan. This is solely due to upfront money scams he's been a victim of in the past.
***PLEASE DO NOT CONTACT ME IF YOU KNOW YOU WILL NEED DUE DILIGENCE MONEY UPFRONT.***
I would like to know if there is a hybrid lender who could provide either a line of credit, or actual term loan with either 2 or 3 of the available collateral sources. If so, please contact me ASAP (the lender), or please let me know who that lender is.
ThanksLast edited by Fundyman; 09-21-2018 at 12:35 PM.
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09-21-2018, 12:40 PM #2
Newtek | https://www.newtekone.com/loans/lines-of-credit/ (LOC against A/R or Inventory)
Maximcc | https://maximcc.com/bofinanceprograms/ ( Does ABL Term Loans using RE & Titled Vehicles/Equipment)
Liftforward | https://www.liftforward.com/business-finance/ (provides business term loans using RE as collateral)
Alleon Healthcare Capital | https://www.alleonhealthcare.com/ (A/R financing)Last edited by NickHubbard; 09-21-2018 at 01:00 PM.
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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09-21-2018, 01:10 PM #3
- Join Date
- Mar 2016
- Posts
- 83
Sent you a PM.
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09-25-2018, 01:17 PM #4
- Join Date
- Jul 2017
- Location
- FL
- Posts
- 35
Hi Fundyman,
Amerifactors will not ask your Factoring Clients to pay out of pocket upfront application or proposal fees.
We can arrange any nominal due diligence legal & setup fees, be deducted from the first funding.
Reasons to consider us:
• AmeriFactors is a direct lender and has funded over $5BILLION since 1990.
• We specialize in offering "NON-Recourse Factoring", which is often the preferred form of factoring for service-oriented companies.
• AmeriFactors obviously pay brokers RECURRING monthly RESIDUAL commissions.
• We use our own money, which leads to quicker Yes/No decisions, and lower financing costs.
• No site visit required, fast closing docs offered, we have in-house legal dept.
Send me a pm or give me a call or email, to learn more about our quick financing options.
Rob Brownell
Amerifactors Financial Group
215 Celebration Place, Suite 340, Celebration, FL 34747
p: 772-419-8606
e: rbrownell@amerifactors.com
w: www.amerifactors.com
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