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01-24-2023, 12:49 PM #1
Reputation points: 2721
- Join Date
- Jan 2022
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- 7
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.
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01-24-2023, 01:09 PM #2
yep I would love to co broker this deal with you. This is simple to get done. call me 314-658-9355
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01-24-2023, 01:21 PM #3
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 06:04 PM.
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
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.
@ Homeowner loan 2nd position- 15 year 14% no lien
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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01-24-2023, 02:08 PM #4
Reputation points: 13951
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 658
Easy deal if values hold. contact us to discuss
Ben Zuniga
Omega Funding LLC
bzuniga@omegafund.com
www.omegafund.com
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01-26-2023, 07:55 AM #5
Reputation points: 15
- Join Date
- Oct 2022
- Posts
- 57
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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