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05-02-2019, 05:56 PM #1
Reputation points: 33996
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- Jan 2015
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- Laguna Beach
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- 463
This $600k deal is FIRE!!! (loan for a crematorium)
Smoking request here... Existing funeral home with cemetery and 40+ years in business needs to build a crematorium to make their recession-proof business model a true one (last) stop shop! The land has been appraised at over $1.2M with no debt and the current tenants are quiet, orderly, and very well behaved. They need some creative financing to build, which will cost $600k and not see the needed revenue until after she fires up. Existing revenue will not support the debt, so this one is hard money based on killer collateral. Anyone? Anyone?
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05-02-2019, 06:09 PM #2
Reputation points: 16709
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- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
This is a punk post right? If not
State/Location of property?
Not many private sources want to finance a unique property like funeral home w/ cemetery. You are better able if credit is good to go and shop the deal to local banks and ask for them to keep interest reserve for payments. Most likely another private fund will want another piece of collateral..
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05-02-2019, 06:15 PM #3
Reputation points: 33996
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- Jan 2015
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- Laguna Beach
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- 463
Good credit. It's in PA, not too far from Pittsburgh, so it would have a nice big city providing it plenty of... "business"
Last edited by Christian; 05-02-2019 at 06:17 PM.
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05-02-2019, 06:40 PM #4
I may have someone who would be interested in this, in the interest of full transparency, since it’s not an MCA, it would not be in house, but I can put it in front of the investor. Let me know
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05-02-2019, 06:44 PM #5
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
this is a dying business
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-03-2019, 04:37 PM #6
Reputation points: 105
- Join Date
- Apr 2016
- Posts
- 103
What was the GROSS business revenue in 2018?
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05-12-2019, 08:11 PM #7
Reputation points: 33996
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
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