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  1. #1

    Consolidation for Restaurant - Two positions

    Hi,

    I have a merchant looking for a consolidation for his two positions. Total balances are $31,846.16 and breakdown as follows:

    Position 1: $22,984.76 / $249pd
    Position 2: $8,861.4 / $354pd

    Business is a restaurant and merchant averages about 50k per month and 2-4k in daily balances. Never goes negative.

    If anyone is a direct lender that can do a true consolidation please pm or email me christian@gnr-capital.com

    Thanks.

  2. #2
    Senior Member Reputation points: 1519
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    Merchant is at around 25% leverage at the moment, doubt anyone would buy out both positions as there wouldn’t be much net to the merchant.

    Try either a 3rd position, a partial consolidation (just one of the two positions) or a reverse consolidation.
    Underwriting Desk | ClearFund Solutions | New York, NY.
    P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
    _____________________________

    ClearFund is a Direct Funder
    ISO inquires: partners@clearfund.co

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Irvine, CA
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    2,087

    Does he have any property for hard money to take out the two positions...
    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.

  4. #4
    How does the owners credit look? If they have a 680 credit score, I can get the client prequalified simple and easy. Give me a call and we can discuss the potential opportunity.

    Brandon Dressler
    brandon@preferredfundinggroup.com
    815-878-0244

  5. #5
    Banned Reputation points: 507
    Join Date
    Aug 2021
    Posts
    21

    We can potentially offer a Reverse Consolidation here.

    Feel free to send it or way, deals@reversefund.co

    Thanks.

  6. #6
    We could do this. Send it over so we can take a look at it!

    Ashleigh
    916-468-9798
    ashleigh@velocitycg.com

  7. #7
    We can help with this deal.
    Lashelle Cobham | Team Lead
    Tampa FL, 33624
    Cell: 813.599.7048
    E-mail: lashelle@maximumcapitalgroup.com
    Visit us: www.maximumcapitalgroup.com

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