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  1. #1

    MCA With Property Collateral looking 100k

    Looking for advance 100k, last three months statement down trending.
    Looking to buy out competitor and inventory (Blah Blah Blah).
    Willing to put property as collateral.
    property owes 140k last appraised at 320k. According to the business owner.
    Industry type Alt Energy and Construction sector. Need capital ASAP
    has a current loan for 50k... C paper status

    Who would be the best choice to fund this deal

    PS Has a current offer for 20k not interested >>>

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    If he wants to buy out competitor, why not give him/them a down payment with a 2 year personal note and put a 2nd lien (UCC) on the property to cover the note until it's paid off. He can make monthly payments on the note. And also make sure he has a purchase agreement for the business too.
    Last edited by Olderguy; 06-07-2022 at 05:18 PM.
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  3. #3
    Thank you for bringing that to my attention, that's a great Idea

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