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01-11-2024, 06:40 PM #1
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India Company Needs 3m using land properties as collatoral
I have a client in India that has multiple land properties in india worth over 7m. Client wishes to put up the land as collateral on a loan for 3m. Any ideas?
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01-11-2024, 06:48 PM #2
If he defaults on the loan how is the lender going to foreclose on property that probably isn't liquid? (and is in India).
Last edited by Olderguy; 01-11-2024 at 06:56 PM.
Steve Benjamin
Professional Business Loans
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Irvine, CA 92620
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@ 24 hour funding working capital loans
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01-11-2024, 07:03 PM #3
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Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
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01-11-2024, 07:04 PM #4
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understood, I guess Im looking for an international lender or Indian lending source that can do this.
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01-11-2024, 07:10 PM #5
I had a client with business and property here and land in India...it was just raw land though...it's not liquid. I have lenders and operate internationally but needs to be some kind of business operation.
In this instance, as you mentioned during your call, the client has a LOI for 90% Loan to Cost and needs 10% capital contribution. I suggested they find someone in India who can provide the capital contribution and collateralize the land as asset based funding. Having a LOI for 90% might be an incentive for someone to step forward on this with a negotiated ROI.Last edited by Olderguy; 01-12-2024 at 10:07 AM.
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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