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09-05-2014, 01:45 PM #1
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- Join Date
- Jun 2014
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780 FICO - Needs money for purchase of 35 year old restaurant
I have a client that owns a small incorporated 24 years tile business (less than 100K annually). And he and his sister have the opportunity to buy a 35 year old profitable restaurant. He will buy it in his name. The sale price is 600K, however they only need 150K for the down payment. No collateral. State of Florida.
Does anybody have the connection for this type of loan? He has a 780 + FICO and Experian and TransuUnion Score.
The banks wont touch it because it is a bar and restaurant.
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