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  1. #1
    Senior Member Reputation points: 5448
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    May 2018
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    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: 25752
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    Apr 2015
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    300

    i think mantis or unique would 100% do that for you!

  3. #3
    Senior Member Reputation points: 10484
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    Recently un-retired, "shocked" that nothing has changed.
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    A bank.

  4. #4
    Senior Member Reputation points: 91418
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    Sep 2019
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    402

    Hard money. SBA Financing.

  5. #5
    Sent you a PM

  6. #6
    Veteran Reputation points: 134971 Chambo's Avatar
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    Sep 2012
    Location
    New York City
    Posts
    3,174

    Quote Originally Posted by Wheetie View Post
    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?
    Why is the merchant not working with their bank? What is the REAL STORY here?

  7. #7
    Put him into hard money if he owns for than 50% in those properties
    it could be a really big commission

  8. #8
    Quote Originally Posted by Wheetie View Post
    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?


    Let me guess, this guy is in Ohio? He has no advances because he tried screwing over funders in the past. All the decent funders had issues with this guy.

  9. #9
    Senior Member Reputation points: 91418
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    Quote Originally Posted by Chambo View Post
    Why is the merchant not working with their bank? What is the REAL STORY here?
    Much easier to defraud an MCA company. Also much less recourse.

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