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06-29-2020, 11:16 AM #1
- Join Date
- Jan 2014
- Posts
- 1,380
any lenders refinance Truck loans?
I have a merchant has 3 trucking loans he is looking to refinance. Each a for about $150,000. 750 credit. has 3 years left on each loan is looking to refi and get longer term in order to drop his payments a bit
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06-29-2020, 05:13 PM #2
- Join Date
- Aug 2019
- Posts
- 43
Hi,
We would be interested in refinancing the current notes on the trucks. We would need to know the following:
- Make, model, miles, original invoice etc per truck
- Payoff per existing lender
- Credit Package (Financials, tax returns, debt schedule, AR/AP aging report etc)
- Current location of trucks, we would want our inspector/appraiser to take a look
- What industry?
We may be able to go out 48 to 72 months depending on the financials and condition of the collateral.
Please feel free to reach out with any questions.
Best,
CalCal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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