Puerto Rico - Construction - PR Bank Statements - $100K+ Per Month
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  1. #1

    Puerto Rico - Construction - PR Bank Statements - $100K+ Per Month

    Hello All,
    I have a PR deal that looks pretty good on the surface. The possible challenge is they use a PR bank. If you can do PR construction deals that use a PR bank, please let me know. I have the statements and the deposits and balances are solid. He also supposedly has a 700+ credit score.
    Thanks for your help.

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    If it's big enough I have two people that can look at it.

    And do they own the land or is there a lien?
    Have they done grading, permits, entitlements, final map and shovel ready?

    Reach out.

    Mike Lewis also does PR deals....you might contact him too.
    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
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  3. #3
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Quote Originally Posted by XXXFunding View Post
    Hello All,
    I have a PR deal that looks pretty good on the surface. The possible challenge is they use a PR bank. If you can do PR construction deals that use a PR bank, please let me know. I have the statements and the deposits and balances are solid. He also supposedly has a 700+ credit score.
    Thanks for your help.
    https://dailyfunder.com/showthread.p...ht=puerto+rico
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  4. #4
    Senior Member Reputation points: 150 CornerStoneFunding's Avatar
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    Coral Springs, FL
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    Quote Originally Posted by XXXFunding View Post
    Hello All,
    I have a PR deal that looks pretty good on the surface. The possible challenge is they use a PR bank. If you can do PR construction deals that use a PR bank, please let me know. I have the statements and the deposits and balances are solid. He also supposedly has a 700+ credit score.
    Thanks for your help.
    we fund in PR. Is the merchant a general contractor or do they specialize in a certain field of construction?
    Mike Guiliano
    ISO Relations Manager
    (786) 629-5771
    3111 N University Blvd Suite 604
    Coral Springs, FL
    michael@cornerstonefundingllc.com

  5. #5
    Senior Member Reputation points: 1755
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    Oct 2022
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    280

    Are the financials in PR as well?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

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