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08-18-2023, 04:33 PM #1
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
Get your clients a $1MM+ Loan on Free-and-Clear Equipment - Monthly payment - NO PG
If you're looking for a lender who can lend to your client on their free and clear machinery or equipment valued over $2MM, I have a lender I've work with that:
a) Loans start at $1MM
b) Solely based on the value of the equipment
c) Who's only rule is: pay your bill on time
d) Industry agnostic
Market rate + 10% (not the cheapest, but it's real).
Terms: 1-5 years
75-85% LTS (Loan to Sale - Forced Liquidation)
Deals take 2-3 days to pre-approve.
Once a term sheet is signed and DD is paid, deal takes approx 4 weeks to close between appraisal, UW, and closing.
The borrower must pay for an appraisal, underwriting and escrow fee of $5,000 (which is refundable at closing, provided no legal issues).
If they have any MCA's, those will need to be paid off.
Want to know more? Let's talk. I can provide consulting services on how and who to get this done with.
Steven O. Ruiz
Presto Prestamo, LLC
239-234-2727
Lehigh Acres, FL 33972
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