Results 1 to 3 of 3
-
12-15-2020, 06:14 PM #1
- Join Date
- May 2020
- Posts
- 105
Can you help? Merchant wants 150k and using land as collateral.
Merchant does low revenue, about 10 k, but wants to build a building on land he owns...will use the land as collateral...can you help?
-
12-15-2020, 08:11 PM #2
-
12-16-2020, 08:35 AM #3
SBA 504 for construction project like this, if they qualify credit-wise.
If they're trying to leverage the land, they are going to be capped around 35-50%, most likely the former.
Similar Threads
-
Who are the best providers when using Land, Commercial, Residential as collateral?
By WCC_NYC in forum All Other LendingReplies: 9Last Post: 01-12-2021, 02:11 PM -
Commercial / Residential Properties and Land looking for 125-150k
By allfunds in forum All Other LendingReplies: 5Last Post: 03-22-2019, 08:21 AM -
client has 30MM in r/e collateral(raw land) needs 2.5MM
By Red in forum Deal BinReplies: 5Last Post: 08-13-2018, 04:16 PM -
Builder looking for 100-150k has collateral.
By DanielD in forum Deal BinReplies: 4Last Post: 01-20-2015, 10:56 AM -
Seek 150K collateral (asset based ) loan
By bostriba in forum Deal BinReplies: 3Last Post: 08-26-2014, 03:11 PM