Results 1 to 5 of 5
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03-22-2019, 04:39 PM #1
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
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03-22-2019, 05:01 PM #2
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
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03-22-2019, 06:46 PM #3
- Join Date
- Apr 2014
- Posts
- 781
What is his credit
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03-22-2019, 06:50 PM #4
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03-25-2019, 04:33 PM #5
- Join Date
- Aug 2017
- Posts
- 405
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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