Puerto Rico Client Looking To Borrow $12.5mil
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  1. #1

    Puerto Rico Client Looking To Borrow $12.5mil

    We have a client in Puerto Rico looking to borrow $12.5 Million against a property they own. It has an appraised value of $21 Million. We have the appraisal, Loan Proposal, and Bio on the owners.

    Funders?

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    If it's development I have two guys who can do it...

    Reach out with the file.

    Also reach out to Mike Lewis...he has banks that will lend down there too.

    Mike Lewis
    PRIMARY NUMBER USE:
    cell/voicemail: 440-637-5646
    Secondary Number
    tel/voicemail: 937-964-5355
    company email: mikelewis@michaellewisgroup.com
    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.

  3. #3
    Thanks for the reply Steve . . . . It's not a development project. The owners need to free up some capital.

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by PrevailBusinessGroup View Post
    Thanks for the reply Steve . . . . It's not a development project. The owners need to free up some capital.
    Cash out refi is possible....just need to know what type of property....commercial, multi family, SFR, primary, lnvestment or ?

    And use of funds and exit strategy.
    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.

  5. #5
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    333

    Quote Originally Posted by PrevailBusinessGroup View Post
    We have a client in Puerto Rico looking to borrow $12.5 Million against a property they own. It has an appraised value of $21 Million. We have the appraisal, Loan Proposal, and Bio on the owners.

    Funders?
    Nathan Capital Group | https://nathancapgroup.com
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  6. #6
    send peter a package email edwardsg@ptd.net

  7. #7
    Depending on the business, cash flow, etc we may able to structure financing terms.
    We are a direct lender.

    DM me if I can help.
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

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