Results 1 to 7 of 7
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01-17-2024, 04:16 PM #1
- Join Date
- Feb 2017
- Posts
- 3,537
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?
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01-17-2024, 04:41 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,533
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
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01-18-2024, 11:32 AM #3
- Join Date
- Mar 2021
- Posts
- 54
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02-09-2024, 07:47 PM #4
- Join Date
- Mar 2023
- Posts
- 5
looking for a lender for a Hotel construction 18mm
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02-09-2024, 09:18 PM #5Steve 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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02-26-2024, 10:47 AM #6
- Join Date
- Jan 2024
- Posts
- 4
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
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02-27-2024, 01:54 AM #7
- Join Date
- Oct 2022
- Posts
- 308
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?
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