Results 1 to 12 of 12
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12-05-2023, 07:00 PM #1
- Join Date
- Dec 2022
- Posts
- 65
Construction File 6MM Looking for 300-500k
Looking for 300-500k.
Commercial construction deal. Has only 30k left with Fora position. 4 years in business. Strong credit, revenue, and ending balances.
Looking for 12 month+ deal in 1.3's sell range.
Not signed up with too many A lenders doing general construction.
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12-05-2023, 07:12 PM #2
Get a term loan from Funding Circle through SmartBiz up to $500K. They will say max $350 but you can then request $500K when in their portal. I'm doing a trucker with limited assets... should be able to do construction. They can do LOC ($150K) in a few days, term loan in 2 weeks. ($350k or $500K). 2 points on the LOC. 5 points on the term loan.
Last edited by Olderguy; 12-05-2023 at 07:37 PM.
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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12-05-2023, 11:16 PM #3
- Join Date
- Oct 2022
- Posts
- 281
I love construction files. I can help ya if you would like. Funding Circle might not like it if there is any passive income from real estate finance. I would rather look at a full-on discovery and see all assets.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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12-06-2023, 09:52 AM #4
- Join Date
- Aug 2022
- Posts
- 9
Can get something non MCA here. Up to 3 years 15% APR
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12-06-2023, 09:54 AM #5
- Join Date
- Aug 2022
- Posts
- 9
Not direct but have a lender that could be interested.
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12-06-2023, 01:49 PM #6
- Join Date
- Dec 2022
- Posts
- 65
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12-06-2023, 01:57 PM #7
They will assign you a partner:
Anthony Ortiz
Manager, Partner Success
(c): 760-444-4757
anthony.ortiz@smartbizloans.comSteve 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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12-06-2023, 02:35 PM #8
- Join Date
- Feb 2017
- Posts
- 3,429
Try LG. Smart Step needs 5 years TIB for contractors, but they'd also be good. Would they be interested in a something more long-term with higher rates but lower monthly payments? Faster than an SBA, but can work together with it.
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12-06-2023, 03:33 PM #9
- Join Date
- Dec 2022
- Posts
- 65
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12-06-2023, 03:40 PM #10
- Join Date
- Feb 2017
- Posts
- 3,429
If he can hold out 2 weeks. Blended rate with an MCA, some quick money injection, some long-term.
Email Joseph: kress@lgfunding.com
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06-27-2024, 06:42 PM #11
- Join Date
- Jul 2023
- Posts
- 19
Hey I think we can work something out. Reach out if you're interested.
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06-28-2024, 09:52 AM #12
- Join Date
- Jun 2024
- Posts
- 18
Terms range from (6-12months)
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