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09-01-2021, 04:59 PM #1
- Join Date
- May 2020
- Posts
- 52
Funding Needed
I am looking for funding for the following:
1) Pastor needs a home equity loan in order to pay taxes on her church before it is lost to foreclosure.
She is set on a home equity loan only; nothing else. $76K is owed on the home. Appraises at $150K. Time is of the essence on this one.
2) Fully operating assisted living facility
Monthly revenue between $10K - $15K
Purchased at $290K
Appraises at $350K
Has a hard money loan of $220K at 12%
Also has a 2nd of $10K
Trying to get out of the hard money loan asap.
The owner's credit score recently dropped from well over 700 to 680 due to some large purchases.
Wants to refinance at a good rate
3) Client needs $3.5M needed to build a truck wash.
The business is projected to exceed $7M in revenue the first year and $36M over the next 5 years.
The client does not own the land but is willing to purchase it to make the deal work.
4) I am involved with a group of business owners that are looking for different types of funding. Credit scores are generally between 600 and 630. None of them want MCAs. If you have anything else, please let me know.
If you think you can help me with either of these, email me at info@novalendingsolutions.com.
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