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03-27-2019, 12:04 PM #1
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
There are several banks that will do 36 month amortizations on 1M. There will NEED to be commensurate collateral in the event of a default. Question is why only 36 months? Much easier to fit that debt into a longer term note.
If the client needs money ASAP I suggest arranging a Bridge (with early payment discount negotiated) to be taken out by a longer amortizing product.
Touch base of you would like assistance..
Richard Gusmano, Founder & CEO
Business Capital Consultants Corp
3237 Rt 112 Suite 9
Medford, NY 11763
rg@businesscapitalconsultants.com
Mobile: 516 510 3855
Office: 631-880-7501
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