Asset-Based Lending Using Strictly Value of Asset?
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Asset-Based Lending Using Strictly Value of Asset?

    I had a lender who only cared about what he could come up with as the value of the asset.
    He would lend 70% of that value, & fund within 24 hrs.

    Are you a lender like that? Can you fund against medical equipment, no matter how conservative your valuation? Can you get me funds w/out
    an appraisal? I need to speak to you ASAP.

    Do you know who does those types of ABL deals? Please state it or PM me ASAP (Please, if you have no reputation here & PM me, let me see some info on your business so I don't just discard the message).

    Thanks

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    yes, only real estate.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties



  3. #3
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    What is his credit

  4. #4
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by golf2014 View Post
    What is his credit
    700

  5. #5
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    Quote Originally Posted by Fundyman View Post
    I had a lender who only cared about what he could come up with as the value of the asset.
    He would lend 70% of that value, & fund within 24 hrs.

    Are you a lender like that? Can you fund against medical equipment, no matter how conservative your valuation? Can you get me funds w/out
    an appraisal? I need to speak to you ASAP.

    Do you know who does those types of ABL deals? Please state it or PM me ASAP (Please, if you have no reputation here & PM me, let me see some info on your business so I don't just discard the message).

    Thanks
    Hi Fundyman,

    Try this group:

    Chicago based Cencor Capital, LLC is a provider of secured equipment leasing/lending programs for ‘pre-rev’ (investor supported) through profitable middle market companies acquiring a wide range of capital equipment, machinery, technology, fixtures, medical, construction and intangibles (software/services/maintenance), etc. We are not a source of acquisition financing, venture debt or equity. Typical deal sizes range from $500K through $15M+.

    In business for 10 years, Cencor typically works with intermediaries who refer client funding opportunities. Origination fees are paid upon closing as well as on future transactions. We document, underwrite, fund and service our deals - generally structured as capital or operating leases, traditional loans or subscription. Financing may be on a one-time basis or under a line of credit, under which funds are ‘drawn down’ as equipment is delivered (generally < 1 year). Re-payment terms are 2 to 7 years and may be level or customized to budget requirement




    Cencor Capital, LLC

    207 Grand Boulevard

    Park Ridge, Illinois 60068-3313

    (O) 847-292-1544
    (F) 847-994-1544
    www.cencorcapital.com

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