Results 1 to 8 of 8
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10-28-2022, 09:52 AM #1
Need 26 Unit Portfolio Purchase Lender
Investor needed support to purchase 26 unit portfolio. Please email support@cfobydesign.com.
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10-28-2022, 10:24 AM #2
- Join Date
- Oct 2022
- Posts
- 23
I work with private lenders and investors.
One of my private lenders is a private equity risk mitigation, their own money and assets.
They fund projects starting at $25M and higher, and will fund large portfolios. I can bring in smaller amounts starting at $10M from my relationship if the group is serious.
They typically fund 80% LTC Domestic & 70% LTC International.
Or Joint Venture, depending on the situation.
Kristina Marie Gilbertson, CEO
Website: https://prosperityfi.com
Linkedin: https://linkedin.com/in/gilbertson
Office: (800) 516-9082
Tailor-Made Capital & Creative Financing, JV, Debt/Equity
Off-Market Luxury Properties
Cannabis Licenses For Sale, Strains or Unique Opportunities
Serving // CRE • Construction • Developments • All Business Sectors • Start-Ups • Cannabis
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10-28-2022, 10:30 AM #3
I can do a blanket lien, Kristina can do private money.
I can vouch for her.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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10-31-2022, 10:50 AM #4
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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10-31-2022, 11:31 AM #5
I forwarded your questions to Kristina to respond.
On my end there are start up programs:
SBA start up 7A
SBA Micro loan up to $50,000
Business LOC and business credit cards to start ups - requires 700+ Fico
Personal loans up to gross income from personal tax return 700+ Fico needed
Asset based loans - NoDoc and SISA hard money on property.
And I assume you want a hard money loan on property with no seasoning with your second question...is that correct?
Bought cheap and want to borrow on appraised value?Last edited by Olderguy; 10-31-2022 at 11:53 AM.
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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10-31-2022, 01:07 PM #6
- Join Date
- Oct 2022
- Posts
- 23
1) What’s your soft guidelines for startups?
- The private equity risk mitigation investor/lender I work with offer tailor-made capital and custom-fit terms and conditions.
- The borrower/group/project owner needs to have 20% liquid of the total amount they are seeking, they fund the remaining 80%. They can of course bring more to the table if they like, as developers and other seasoned owners/project owners do.
- Deals starting at $10M +
- They don't have to purchase the land or building yet, etc.
- Each deal is structured differently and unique.
This is not cookie-cutter nor a loan program or anything like what's out there. This is their own money and assets, so they can do things others can't as not funds or stackers or packers, etc.
Example:
Let's say you have a cannabis group that wants to purchase land to build a 60k SF cultivation/greenhouse and purchase some old bank buildings to become dispensaries, all their equipment, materials, supplies, working capital and more. They have conditional approvals for their licensees and now need capital. They need total $20M
The market - what you'll find out there -
• Are all cookie-cutter lenders that offer Insane interest rates typically starting at 20% and higher++, yes, some will come down on certain portions, but they will only fund a certain LTV for each section that has collateral.
• Short terms, fast balloon dates (1-3 years, typically now 1yr), and immediately making payments (interest or interest+principal starting Day one).
• They try to piece meal it all together and always fall short on their entire capital they need, never have enough reserves, and chasing peter to paul and constantly raising more equity to find new lenders for only 1 section of the deal. And many worse case scenarios too long to list here.
My lenders process: A true Capital partner and joint venture partner for bringing 80% of the total, again if they want to bring in more they can.
The borrower brings to the table 20% liquid of what they need.
They don't need to go put a down-payment down on the land, buildings etc. If they have, that's fine, or if they've purchased the land some of that can count toward their 20%, but not $/$.
•*Then my investor will tailor-make each section of the project with custom fit terms and conditions (other lenders don't do this, it's the set terms and conditions and if you fit in the box that's what you get)
•*Meaning typically in the lower single digits and each section structured separately - land, building, working capital, etc. Where they fund the entire project 80% LTC not just the land, construction or the equipment, but all of it.
•*They will do seller-lease back on equipment, where they buy it outright but put it as a lease with the business owner entity, so the group isn't taking $4-5M of their cap stack immediately, where the equipment pays for itself by the time with right-offs saving them a ton of money.
• Deferments - some need up to 2 years, Not one payment made until fully functioning and producing revenue.
• Put their money they are tranching out that isn't being used now, out in the sink fund where it continues to grow, this is what they use with all their clients, so they can offer long deferments.
• Bring in the best of the best to help with outfitting their operations, training their team, helping with any county legislation, as all by-laws are different in each county.
• Bring in experts that have special licenses to bring seeds across state lines
• Outake with major corporations
•*And much more.
This is for groups that want to truly continue to grow and scale.
I just used cannabis as an example but same can be done for any other vertical. They fund projects US and Worldwide.
2) And does your investors fund acquisitions with 30day turn around for available liquidity?
Steve would be best to help you on that. I have these options too, he'll connect with me if it's a fit this way.
The bonus here is we can help groups leverage a few million into one project, then take house money from that project and leverage into the next deal. So they never have to raise capital again.
It's how we help groups close on 7-10 large deals a year, versus just a couple. It's how UHNW leverage and make sure they have their full capital stack and partner they keep growing with to massively build wealth.
Total different space - hope this has helped.
Kristina Marie Gilbertson, CEO
Website: https://prosperityfi.com
Linkedin: https://linkedin.com/in/gilbertson
Office: (800) 516-9082
• Tailor-Made Capital & Creative Financing, JV, Debt/Equity
•*Off-Market Luxury Properties, CRE & Developments
• Cannabis Licenses For Sale, Strains or Unique Opportunities
Serving // CRE • Construction • Developments • All Business Sectors • Start-Ups • Cannabis
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11-10-2022, 07:52 PM #7
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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11-10-2022, 07:57 PM #8
Last edited by Olderguy; 11-10-2022 at 08:21 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.
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