$5M Bridge Financing, Anyone do deals like this?
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  1. #1

    $5M Bridge Financing, Anyone do deals like this?

    Good day,

    Anyone know of a Direct Funder-Private Investor/s for a deal like this? Thank you.

    Summary:
    *Need a $5M bridge loan (developmental funds), payback no less than 5 months, no more than 12 months
    *$250K increments minimum ( not the full $5M up front)
    *They have $126M in LOI's lined up for release once they complete final engineering reviews (expected at 5 months, but may extend depending on permits). The $5M+ cost of capital paid back immediately once funds are released.
    *Have output purchase commitments up to 350% of capacity.
    *Not interested in diluting their equity any further, which is why they are willing to pay the high factor rate.
    *4th year start-up, finalizing engineering on this proprietary production facility. No income/bank statements, and looking for unsecured loan. I know this one is tough one.

    Prospectus available with signed agreement/NDA.

    Thanks again,

    Aldo

  2. #2
    No bank statements and they want $5mm unsecured? LMFAOOOO

  3. #3
    Member Reputation points: 23 B2csp's Avatar
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    No collateral, no bank statements, and these guys have been bleeding cash for the last 4 years on a promise of an order? sorry to say but this deal is a loser.
    dont put more effort on this, it will not happen unless you get an investor in that space who is willing to risk 5M of his hard earn capital and from the sound of it doesnt seem like you know any.

    LOI have no value, and sounds like those PO's are based on an expected result which he need that 5M to reach.

    my advice, i'd drop this file like a hot potato and put my effort in something else.

  4. #4
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Unsecured? Not a chance in hell.

  5. #5
    Yea, knew this one is a tough one... thanks for the replies nonetheless...

  6. #6
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    Hope Island is a lonely place....
    Hedley Lamarr......That's Hedley

  7. #7
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    try mantis. Marcus loves these types of deals.

  8. #8
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    Quote Originally Posted by Sachip24 View Post
    try mantis. Marcus loves these types of deals.
    yes, they will do this deal , same day funding.

  9. #9
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    Quote Originally Posted by fin4all View Post
    yes, they will do this deal , same day funding.
    with double digit commissions

  10. #10
    Senior Member Reputation points: 51397 DTFdowntofund's Avatar
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    Quote Originally Posted by Sachip24 View Post
    with double digit commissions
    no clawbacks

  11. #11
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    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com

    www.BilderbergBusinessLenders.com

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