Results 1 to 3 of 3
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01-09-2023, 05:04 PM #1
- Join Date
- Jun 2020
- Location
- Missouri
- Posts
- 59
Short Term Bridge Loan of $91.5MM requested for Energy (oil) project
The client is seeking a 12 month, interest-only bridge loan of $91.5MM on two oil producing assets with an annual estimated EBITDA of $24MM. The assets will collateralize the bond. The clients have a $500MM bond commitment but it will not be issued until later in the year. The collateral will be held in separate, off-balance Special Purpose Vehicles, with 100% of the collateral in the SPV pledged to the lender. Full package available. No daisy chains, please.
Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542
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01-09-2023, 09:24 PM #2
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
What’s the bond commitment in the form of?
And just to be clear; so I know we’re on the same page
Your merchant is looking to pay interest only for 12 months, and once that term is over, they’re going to pay balance in full
I’m definitely interested if our definition of interest only bridge loans is aligned
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01-16-2023, 04:41 PM #3
- Join Date
- May 2022
- Posts
- 98
This may be worth a look. Get in touch.
Lendbug Is Now Doing Asset Based Funding !!!
We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.
Our Asset Based Lending Criteria:
- Non-primary residences only
- Commercial and investment properties only
- funding up to 50% LTV
- Up to 18 month terms
- Funding in as quickly as 5 days
- 10 point commission
Our MCA Criteria:
- As low as 2k micro funding
- 6 month Min.time in business
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips for contract (VC & ID)
- Docusign Contracts
- We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.
ISO Agreement Link Bellow;
https://na4.docusign.net/Member/Powe...db752ace08&v=2
Michael Ross
Lendbug LLC
New York, NY
Mross@lendbug.com
646-360-0411
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