Overleveraged MCA's - Hard money option
Need a Funder or Vendor? START HERE

Results 1 to 2 of 2
  1. #1
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,283

    Overleveraged MCA's - Hard money option

    Broker called me...client has 2 MCA's of $150,000 costing him $32,000 a month
    Needs money and overleveraged on MCA's....can I do anything.

    I called client and asked about property.
    Client has primary residence free and clear
    Office building NOO free and clear.

    Got him $150,000 hard money property loan using these two as collateral - at 1% a month Interest Only

    Paid off the two MCA's. (rates now are around 10% a year)

    Debt payment went from $32,000 a month down to $1,500 a month.
    a 2 year bridge loan.

    Saved him over $30,000 a month in debt payments.

    It's an option .... let me know if you need help with this.

    Ask questions...do they own property, other assets? Do they qualify for a personal loan, do they have co-signers?
    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.

  2. #2
    gmail lol

Similar Threads

  1. Replies: 2
    Last Post: 11-22-2021, 02:46 AM
  2. Hard Money
    By riveradvance in forum Deal Bin
    Replies: 2
    Last Post: 10-17-2018, 07:09 PM
  3. Hard Money
    By Juan in forum Promotions
    Replies: 0
    Last Post: 05-22-2018, 08:20 AM
  4. Hard money commercial lenders that move money
    By BSCI 504 in forum Deal Bin
    Replies: 1
    Last Post: 11-20-2017, 01:24 PM
  5. Hard Money
    By TedFundy in forum Deal Bin
    Replies: 3
    Last Post: 05-01-2017, 03:09 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY