[Christian]

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?

[omegafund]

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..

[Christian]

Good credit. It's in PA, not too far from Pittsburgh, so it would have a nice big city providing it plenty of... "business"

[ESE5020]

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

[mcaguru]

this is a dying business

[snajieb]

What was the GROSS business revenue in 2018?

[Christian]

What was the GROSS business revenue in 2018?

Decrepit.