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05-02-2019, 05:56 PM #1
Reputation points: 33996
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 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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