Canadian Consolidation and new money Lender
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  1. #1
    Senior Member Reputation points: 6585
    Join Date
    Sep 2014
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    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

  2. #2
    Don't waste your time... move on. He has all those small positions because he's high risk

  3. #3
    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

  4. #4
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    Sep 2021
    Location
    Irvine, CA
    Posts
    2,152

    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

    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.

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