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10-05-2023, 12:13 PM #1Senior Member
Reputation points: 1018
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- Oct 2012
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Question
We have a client that is in the process of purchasing a resort in Mexico. Below is additional information.
Purchase Price: $824,000
Deposit: $65,000
Collateral: $ $534,000
Location: Gecko Rock Resort
Town of Santaelena
State of Oaxaco-Mexico
Seeking: $225,000
Howie Dane
President
Funding Sources for Business
www.fundingsourcesforbusiness.com
president@fundingsourcesforbusiness.com
(847) 831-4118Howie Dane
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10-05-2023, 01:06 PM #2Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,244
Howie - I have a lender who can do this but these numbers don't make sense to me.
How is the collateral less then the purchase price.
Where does the $225K fit in?
Reach out.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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