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11-05-2018, 12:39 PM #1
- Join Date
- Feb 2017
- Posts
- 3,450
Frac Sand
Who can lend or who knows an equity partner who can invest about $7mm - $18mm on a commodity? Apparently there's about $400mm worth of it. It's not going on a gold search - the commodity is confirmed as being there for sure.
Frac Sand, Concrete Sand, Mortar Sand, various types of Gravel.
They have a guaranteed buyer who wants the gravel and sand, to be used to create concrete.
As a debt guy, I don't see them getting debt so fast since they're about 9-12 months away from revenue. However, the sales will be in the $18mm/month range. They want a 24 month deal.
They apparently have factoring/equipment financing/mortgage ready to go already, although if the only way to get it done is to group it all together, then they'd go for that.
Any suggestions? Co-brokers welcome.