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  1. #1

    Collaterlized loan

    I have a merchant who is in the market for an $800,000 term loan.

    He has a hotel he's willing to put up for collateral that is worth 4.5mil that he owes 1.5 mil on, and another property worth 2.3 mil that he owes 1.6 mil on.

    His company is only averaging 30k per month. Let me know if there is anything I can do here.

  2. #2
    yep I would love to co broker this deal with you. This is simple to get done. call me 314-658-9355

  3. #3
    Senior Member Reputation points: 66108 Olderguy's Avatar
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    One of you just contacted me on this....not sure who...but you may be able to do a second lien or do a whole new first lien. SISA (stated income stated assets) or NoDoc.
    Last edited by Olderguy; 01-24-2023 at 07:04 PM.
    Steve Benjamin
    Professional Business Loans

    1012 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
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    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
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  4. #4
    Senior Member Reputation points: 16709
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    Quote Originally Posted by mdgc00 View Post
    I have a merchant who is in the market for an $800,000 term loan.

    He has a hotel he's willing to put up for collateral that is worth 4.5mil that he owes 1.5 mil on, and another property worth 2.3 mil that he owes 1.6 mil on.

    His company is only averaging 30k per month. Let me know if there is anything I can do here.
    Easy deal if values hold. contact us to discuss

    Ben Zuniga
    Omega Funding LLC
    bzuniga@omegafund.com
    www.omegafund.com

  5. #5
    Senior Member Reputation points: 1577
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    This honestly sounds like I could get you a TRUE Traditional Term loan, ABL, or i have a unique partner for the SBA7(a) that you might be interested in please contact me directly if interested. Elon Henek - 1-516-236-4086

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