POF deal
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  1. #1
    Senior Member Reputation points: 226631
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    POF deal

    Wacky deal indeed, but it's legit and no risk.
    Client brokers gas & oil. They have operating cash, but a new vendor they're taking on wants to see $125mm in liquid assets. Client wants to take on a JV partner who will not be involved in the running, and the money will NOT leave the account and full 100% control of the JV partner. No PG for the JV, indemnity agreement, whole 9 yards.

    Now, who has $125-$150mm liquid who can do this, right?

  2. #2
    Senior Member Reputation points: 338677
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    Might be worth a call to Natural Gas Partners in Texas....... The ask is pretty high.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Andrew Goldthorpe
    Desk 707.521.0911
    NewPoint Mortgage Wholesale
    Andrew.Goldthorpe@NewPointMortgage.com
    NewPointMortgage.com

  4. #4
    looking for a lender for a Hotel construction 18mm

  5. #5
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Irvine, CA
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    Quote Originally Posted by karen View Post
    looking for a lender for a Hotel construction 18mm
    Flagged or non flagged? Where located? 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.

  6. #6
    Does the client have any collateral that he can put up? If so, I have a guy that may do it.

    Steve@smmawizards.com
    516-383-9407

  7. #7
    Senior Member Reputation points: 1755
    Join Date
    Oct 2022
    Posts
    280

    How do you want to structure a "Passive" LP in a JR position using debt here? I don't have enough here to say yes or no on the possibility. I am assuming on what you stated in your original message about being ACTIVE or PASSIVE you are indicating an equity instrument here?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

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