Results 1 to 4 of 4
-
08-15-2022, 01:23 PM #1
- Join Date
- Mar 2022
- Posts
- 9
Advance with Collateral?
Hi, I have a merchant who is looking for 125k but only makes 25k per month in revenue.
Merchant has real estate that he would like to put up as collateral along with appliances in his store.
Please PM me with any leads or if you are interested.
-
08-15-2022, 01:54 PM #2
If the property is free and clean and NOT primary residence, he can get a hard money cash out refinance up to 75% Loan to Value. If the property has a mortgage, the hard money loan has to pay it off and replace it to be in first position. $150,000 would cost you around $1,500 a month as an interest only loan for 2 years with a balloon in 2 years.
Last edited by Olderguy; 08-15-2022 at 02:57 PM.
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.
-
08-15-2022, 02:17 PM #3
- Join Date
- Jul 2022
- Location
- BROOKLYN NY
- Posts
- 60
hey we have a program that can leverage property for MCA loans the property must be owned and have no current liens or positions on the property
Leon Davis
Funder / Iso Relations
Brickstone Fund
Phone: 347-433-7727
EMAIL: Leon@brickstonefund.com
-
08-15-2022, 02:26 PM #4
We can hop behind a mortgage as long as there is enough equity on a real estate backed deal. If he owns it free and clear we have a lot of options for files like this in the real estate arena
Metromedia Funding Solutions LLC
55 Monument Circle Suite 745*
Indianapolis Indiana 46204
317-649-0110*
https://www.metromediafunding.com/
Like us on Facebook!https://www.facebook.com/mpmetromedia/
Rick@metromediafunding.com
Your friends in funding.
Similar Threads
-
Hotel looking for collateral loan / advance of 1.1 m
By jjdcnetrex2 in forum Deal BinReplies: 3Last Post: 05-21-2018, 08:09 AM -
Collateral, Non-Collateral, What products to offer my clients in 2018? Need Help!!
By GreenstoneBroker in forum Business LoansReplies: 3Last Post: 03-01-2018, 11:10 AM -
Is stacking an ACH advance on a split-funding advance okay?
By Sean Cash in forum Merchant Cash AdvanceReplies: 94Last Post: 12-18-2017, 09:50 PM -
Need Non-Personal Guaranteed Advance or Loan (have collateral) - GOOD DEAL
By JoeFCA in forum Deal BinReplies: 1Last Post: 03-11-2015, 04:53 PM -
Cash Advance, possible collateral loan deal.
By IKorie in forum Deal BinReplies: 5Last Post: 12-30-2014, 02:19 PM