Any lender for a fast RE backed (Biz Prop) line or term,200k equity, need 100k
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  1. #1

    Any lender for a fast RE backed (Biz Prop) line or term,200k equity, need 100k

    Merchant needs to payoff a few positions,,he was stacked and get additional funds,, Must be super quick due to a private investor loan due

    Scores not good,,cash flow is good,,,no NSF's

  2. #2
    Senior Member Reputation points: 81657
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    What broker(s) twisted the merchant arms and placed his head into a vice grip to accept multiple positions

    50 lashes with a wet noodle for those broker(s)!!
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    What kind of real estate collateral? What is it worth?

  4. #4
    Senior Member Reputation points: 68639 Olderguy's Avatar
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    Hard money real estate loan will typically take 3 - 4 weeks. Other problem is loan amount maybe too small for many lenders. Will have to be no doc due to low Fico. Possible to do a site inspection....depends on the situation....I have one guy who might be able to do it...but won't be quick. If you get a LOI or Term Sheet, maybe private investor may be OK with delay. I'd be willing to look at it but you need to be aware of the issues stated. And what kind of business?...will it require an environmental?
    Last edited by Olderguy; 03-17-2022 at 06:58 PM.
    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.

  5. #5
    Member Reputation points: 971 Ultimatecloser's Avatar
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    GM send me your email address. I have just the program for you...according to your senario.
    Leverage Capital Associates
    Robb Payne
    Managing Partner
    Direct (561)440-3517
    robb@levcapconsulting.net


  6. #6
    He has a biz prop worth 275k free and clear and a private residence free and clear worth 500k

  7. #7
    Quote Originally Posted by timoshea View Post
    What kind of real estate collateral? What is it worth?
    He has a biz prop worth 275k free and clear and a private residence free and clear worth 500k

  8. #8
    Senior Member Reputation points: 68639 Olderguy's Avatar
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    Quote Originally Posted by Emccusker0803 View Post
    He has a biz prop worth 275k free and clear and a private residence free and clear worth 500k
    I could probably do it but will take time and your original post said needed it quick. Send me an email and I'll send you a package of docs needed if you want to pursue it. I am getting approvals in a day.

    I just need a personal financial statement, something with a credit score, debt form, use of funds and exit strategy to start.
    Last edited by Olderguy; 03-18-2022 at 02:52 PM.
    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.

  9. #9
    we could be able to help, reply under 10 minutes, can get funded under an hour, please send it over
    ari@ibexfundinggroup.com
    6463002347

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