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04-19-2022, 11:33 AM #1
- Join Date
- Sep 2014
- Posts
- 263
Canadian Consolidation and new money Lender
I have a customer doing between 150 to 300k a month in Canada - he has 5 small positions of under 10k each - he really wants a loan of 125 to 150 with one lender - any ideas?
Mike
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04-19-2022, 11:44 AM #2
- Join Date
- Dec 2021
- Posts
- 41
Don't waste your time... move on. He has all those small positions because he's high risk
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04-19-2022, 11:54 AM #3
- Join Date
- Nov 2020
- Posts
- 33
Hi Mike,
I'm happy to take a look and see if there is something we can do for this one. Likely won't make sense to buy out all pos, but I can take a look and let you know.
Thanks,
Leibel
2M7 Financial
leibel.b@2m7.ca
416-346-5143
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04-19-2022, 12:09 PM #4
If borrower has any property that is free and clear, do a hard money loan, pay all those positions off and get cash out.
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.
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