Personal Real Estate Backed MCA
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  1. #1

    Personal Real Estate Backed MCA

    Merchant looking for 350k willing to encumber his home,, Has over 1.5 mill in equity.. Need a super fast turn-around and close.. Any lenders that take residential prop as collateral and can fund in a day or two? Rev's in excess of 200k monthly

    Client will also do a commercial loan for 750k to 1 mill if he can use his personal residence as collateral...No appraisal yet, just comps and insurance valuation

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
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    Too bad it isn't NOO...

    Fastest Close via Hard Money Program
    - Rate is 9.99%
    - LTV is 65%
    - Points are 2.50% lender fee plus 2.5% broker fee
    - 12 - 24 Month term
    - Close in LLC w/ NOO Disclosures
    - No DSCR Requirement / No Min Credit Requirement
    - Current Appraisal can be used with site visit or Broker confirmation
    - 7 Day Close
    Steve Benjamin
    Professional Business Loans

    522 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.

  3. #3
    Senior Member Reputation points: 35
    Join Date
    Nov 2021
    Location
    Brickell Miami FL
    Posts
    156

    I might be able to get you 400, send me your email address

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