Large Bank only deal

**stat** · 02-14-2019, 02:14 PM

Merchant has 11 franchise locations in the east coast. With total yearly revenue of $6.7 million. He is looking to refinance the current debt that he has on those 11 locations and purchase and remodel 18 more locations. Those 18 Locations bring in close to $12 million a year. He is looking for $6.5 million with a minimum term of 7 years. Credit is strong. He has an offer from a bank, but he does not like the terms. Please send me a PM.

**Kevin Henry-Seacoast** · 02-14-2019, 02:25 PM

Florida?

**WestCoastFunding** · 02-14-2019, 02:28 PM

What are the terms of the current offer?

**FCG** · 02-14-2019, 03:43 PM

doesnt like bank terms? lol good luck

**The Chosen One** · 02-14-2019, 04:26 PM

Originally Posted by FCG

doesnt like bank terms? lol good luck

Seriously lol.

**WestCoastFunding** · 02-14-2019, 04:58 PM

Try the new quantative easing loan. They have negative interest rates so they literally pay you to borrow.

**snajieb** · 02-15-2019, 04:53 PM

Stat,

To everyone's point, if the borrower is NOT satisfied with bank financing seeking capital in the alternative space is an exercise in futility. While there are options here, they are often more expensive. Also, with the business revenue hovering just under $7MM the acquisition ask appears to be outside of this borrowers financial horsepower. YOU as his representative need to manage his expectations.

Let me know if YOU want US to take a look at the file for $500-$600K provided the borrower has collateral real estate and decent credit (620 FICO+).

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