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01-24-2023, 12:37 PM #1
- Join Date
- Sep 2021
- Posts
- 43
Balloon Repayment Loans
I have a client who I've been funding MCA's for 2 years & has a very strong business and is rapidly growing.
He is looking for a balloon payment loan, something that is not in my expertise. Monthly Gross Rev. is over $600k & has an outstanding MCA balance of $531k.
Can anyone put me in touch with someone who does balloon payment loans? Repayment can be in June, just let me know the process and what needs to be done. Also he is only looking for $200k/$250k.
PM me for email so we can talk more about this.
thanks.
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01-24-2023, 01:13 PM #2
Balloon payment loans are typically on hard money property loans. Usually you see 1% a month interest only for two years with a balloon at the end of 2 years. They are collaterlized by property. Reach out if you need help on this.
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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01-26-2023, 01:08 PM #3
- Join Date
- Jun 2022
- Posts
- 86
if you need to go the MCA route we can look a the file
eugene@equitaadvance.com
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