Results 1 to 9 of 9
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10-15-2020, 10:41 AM #1
- Join Date
- Oct 2012
- Posts
- 142
Doctor Seeking Loan
We have a doctor located in California that is seeking a Term Loan of $1.7M with a (5) year term. The yearly revenue of the doctor is $5M with a high credit score. This would not be a traditional MCA type deal, but rather a structured Term Loan. Factoring would not be an option, and would prefer an unsecured product. The money would be used for real estate an well as other investments.
Howie Dane
President
Funding Sources for Business
president@fundingsourcesforbusiness.com
(847) 831-4118
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10-15-2020, 11:01 AM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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10-15-2020, 11:52 AM #3
- Join Date
- Oct 2012
- Posts
- 142
Thanks, but the SBA is balking at the use of funds.
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10-15-2020, 12:32 PM #4
- Join Date
- Feb 2019
- Posts
- 209
Well that's the broker's job to educate the client on how to structure the proceeds to the bank and manage expectations to the client. Unsecured real estate loan does not exist.
If they are looking for some of the proceeds to be used for RE, then I would assume that it would be for a medical office.
You can easily wrap that request under a 7(a) and they would be able to acquire the RE with no money down.
If you bank does not like working capital loans ( most don't ) then a vague proceeds of capital is always going to get turned down.
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10-15-2020, 12:46 PM #5Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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10-17-2020, 09:47 AM #6
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
Id say funding circle if the financials look good
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10-19-2020, 12:15 PM #7
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11-09-2020, 11:55 PM #8
- Join Date
- Nov 2014
- Location
- Fort Lauderdale, FL
- Posts
- 66
Let me know if you are still trying to fund this deal. I work with a few private investors that like RE transactions.
Best,William R. Mateo
Mateo Capital Group
Tel: (954)802-2833|Fax: (888)860-1508
http://www.mateocapitalgroup.com
Supporting Common Sense Financing!
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01-20-2021, 10:15 AM #9
BHG would be my first guess. At Alleon we are AR focused which it seems is not what the doctor wants. If you need an intro at BHG, let me know.
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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