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  1. #1
    Senior Member Reputation points: 5448
    Join Date
    May 2018
    Posts
    200

    Client with 6 Hotels doing 3 mil a month total

    Where would you send a guy like this with no advances looking for a term loan of 1-5m over 4-7 years at a single to mid teen apr?
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  2. #2
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
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    3,334

    SBA

    You didn't say, but should we assume that the client is already leveraged on his real estate?

  3. #3
    Senior Member Reputation points: 5448
    Join Date
    May 2018
    Posts
    200

    Quote Originally Posted by abfunders View Post
    SBA

    You didn't say, but should we assume that the client is already leveraged on his real estate?
    He actually was stressing the fact that he wants to do this unsecured so real estate is off the table unless he changes his mind
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  4. #4
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
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    Quote Originally Posted by Wheetie View Post
    He actually was stressing the fact that he wants to do this unsecured so real estate is off the table unless he changes his mind
    You won't find that much money for that long without collateral.

  5. #5

  6. #6
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Just curious, why are you responding to a post that is nearly 1 year old?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  7. #7
    Member Reputation points: 10
    Join Date
    Oct 2020
    Location
    Scottsdale, AZ
    Posts
    10

    Message me - we can honor his wishes.

  8. #8
    Charles even though I'm a bit wary of hospitality if there's a good story maybe ill do an asset backed loan/mca hybrid if interested email me maxk@seabrookfunding.com

  9. #9
    if hed take a asset backed deal i may have someone you can dm me

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