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  1. #1
    Senior Member Reputation points: 215388
    Join Date
    Feb 2017

    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: 336760
    Join Date
    Mar 2015
    Rock Ridge

    Might be worth a call to Natural Gas Partners in Texas....... The ask is pretty high.
    Hedley Lamarr......That's Hedley

  3. #3
    Andrew Goldthorpe
    Desk 707.521.0911
    NewPoint Mortgage Wholesale

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

  5. #5
    Senior Member Reputation points: 66108 Olderguy's Avatar
    Join Date
    Sep 2021
    Irvine, CA

    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

    1012 Contessa
    Irvine, CA 92620
    Broker, Underwriter, general business loan expert

    @ 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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