Merchant looking for $400k at closing of two large restaurants
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  1. #1
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    Merchant looking for $400k at closing of two large restaurants

    I have a merchant who is buying 2 restaurants that do a combined $3.6 mill a year in gross rev. He does not own them yet and has sold 5 of his DQ locations in order to get most of the cash.
    He has financials, banks and credit card statements for the business he is buying. He is putting down $1.6 mill. He needs another $400k at closing.

    He has 5 rental homes, that are valued at around $400k each and he owes between $200-$250.

    Looking for 24 month time frame to pay it back.

    Who might be willing to look at this?
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
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    PM'd you.

  3. #3
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    so this guy missed two payments with DACA, and they they used his COJ against him. So he has a default on his record.
    So Lendvo said no good. Credit sucks as well.
    Any other suggestions?
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  4. #4
    Member Reputation points: 23 B2csp's Avatar
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    Quote Originally Posted by skideeppow View Post
    I have a merchant who is buying 2 restaurants that do a combined $3.6 mill a year in gross rev. He does not own them yet and has sold 5 of his DQ locations in order to get most of the cash.
    He has financials, banks and credit card statements for the business he is buying. He is putting down $1.6 mill. He needs another $400k at closing.

    He has 5 rental homes, that are valued at around $400k each and he owes between $200-$250.

    Looking for 24 month time frame to pay it back.

    Who might be willing to look at this?
    If this deal is still around and he has a clean background we can close that for him. we would have to discuss if he is picky about rates. I'll DM you.

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