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07-23-2020, 12:06 PM #1
- Join Date
- Apr 2017
- Posts
- 190
Any Lender could provide LOCs for acquire Businesses?
I have a Real Estate Investor that needs an LOC for acquire some business that are generating income. Each business have strongs financials and guarantee the capacity of repayment of the LOC. Looking for options here. Please advise. Thanks
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07-23-2020, 12:24 PM #2
- Join Date
- Feb 2017
- Posts
- 3,464
1) Unsecured LOCs from banks, profitable businesses with excellent PGs, and the banks won't report the usage to their personal credit as long as they maintain good payment history
2) Secured LOCs "exposure limits" with a two different lenders who have two different ways of underwriting. Also business lines of credit, they go property-specific, but have all of the personal underwriting done up-front, so that they can close quickly.
If you know what I'm referring to, great.
If not, give me an email, I can do this.
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