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04-28-2023, 03:22 PM #1Member
Reputation points: 4934
- Join Date
- Jun 2020
- Location
- Missouri
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- 60
Asset loan request
I have a client who is probably considered to be one of the foremost creator and restorer of art frames in the world. He has a portfolio of art frames with an estimated value of $39MM retail (to be confirmed with an appraisal), $6MM fire sale value which he is willing to put up as collateral for a short term (12 – 24 months) loan of $1.2MM, a 20% LTV of the fire sale value. I have a complete package on the loan. His last six-month revenues based on his bank statements averaged $320,912 per month. His March revenues were $439,824. Rate is NOT a factor!
If you have an interest in this, please let me know and I can get you anything you need.
Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542Last edited by MissouriBroker1; 04-28-2023 at 05:15 PM.
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