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09-27-2019, 08:39 AM #1
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Hey Micah. I am not familiar with Scott. What I will say is that banks change revolvers to P/I based on Financials and/or their Portfolio concentration with a vertical. Either way- if the bank owns the asset(s) parsing out the AR in Construction- as you mentioned yesterday- will likely not be something they will be comfortable with unless factor subordinates to them with an inter-creditor to stand second in line in the event of a default.
Not sure where the client will get 4% money if he refi's the SBA- unless it's on Real Estate- given that Prime is above that..
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