Results 1 to 11 of 11
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10-07-2020, 02:00 PM #1
- Join Date
- Jun 2020
- Posts
- 16
Letter of Credit
Hello,
My client is looking for a Letter of Credit to the tune of $15mm. Merchant has enough real estate. Please advise if you have this access.
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10-07-2020, 02:13 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,926
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
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10-07-2020, 02:21 PM #3
- Join Date
- Jun 2020
- Posts
- 16
Hi Dave,
Real estate development. From my guy ...
As discussed I have a 200 unit residential project in Los Altos, CA which is approved and ready to build starting in 2/2021. I have a commitment from Peregren Capital for a $205M construction loan which requires us to bring in $25M of equity. I am acting as a Co-GP on the project as well as one of the guarantors. The letter of credit will be used as a backstop in case we have cost overruns, our GC fails, our LP capital fails to fulfill a capital call and the general partners fail to bring in capital. I've attached my PFS.
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10-07-2020, 06:49 PM #4
- Join Date
- Apr 2019
- Posts
- 318
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10-07-2020, 11:10 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,926
Yes, I rep for a SBA Bank that offers 7(a) and B&I Loans - MCA = credit card splits, which if my info is correct,
is the original method of merchant cash advances.
My 1st exposure was thru United Bank Card when they added MCA to their portfolio of products.
Have a great day !Last edited by Yankeeman07; 10-08-2020 at 10:21 AM.
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
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10-08-2020, 11:39 AM #6
Kennedy Funding or Rodeo Capital might be interested in this. Kennedy is more expensive.
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10-08-2020, 11:56 AM #7
- Join Date
- Jun 2020
- Posts
- 16
Thank you. Will look into them.
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10-08-2020, 12:50 PM #8Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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10-08-2020, 01:08 PM #9
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10-26-2020, 09:18 AM #10Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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10-29-2020, 07:55 PM #11
- Join Date
- Mar 2016
- Posts
- 123
Haven't used them ourselves......
Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
tel/voicemail: 937-964-5355
cell/voicemail: 440-637-5646
corporate email: mikelewis@michaellewisgroup.com
www.linkedin.com/in/cigarmike
Veteran Owned
WE CO-BROKER with an even 50/50 split and we both get paid by wire at close.
We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
Michael Lewis Group Commercial real estate loans
http://michaellewisgroup.com/index.html
Loan Matrix
Forms
About Us
Discounted cell phone plans starting at $15 / month. AT&T from $30/mo, T-Mobile from $15/mo, Verizon from $35/mo.
http://arthodyd.com/d.html
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