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10-14-2021, 10:41 AM #1
If your MCA gets denied for your client being over leveraged...
Ask them if they have any property with equity.
You can do a hard money property loan which is easier if any property is free and clear.
I had a client with $150,000 MCA debt costing him $32,000 a month.
He had his primary residence and a rental office building free and clear.
I got him a hard money property loan for $150,000. 1% a month interest only - payment of $1,500 a month for two years.
Saved him over $30,000 a month.
There are options outside of the MCA box.
If the loan to value (LTV) is low enough (less than 60%), you can get away with a BPO (Broker Price Opinion) or CMA (Comparative Market Analysis) and not need an appraisal.Steve Benjamin
Professional Business Loans
1012 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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