Results 1 to 3 of 3
-
03-25-2024, 01:03 PM #1
- Join Date
- Mar 2024
- Posts
- 1
Loan on rental car fleet
My company purchased a fleet of 40 Teslas in December for $1.6 million in cash. We're currently operating as a ride share in Phoenix.
I'm looking to obtain a loan of at least $1 million and ideally up to 80% of purchase price. I'm open to discussing structure and repayment terms. I've talked to banks but this doesn't really fit anyone's lending criteria so far so asking here in the hopes of find the right person to help.
No debt on company and the guarantor has substantial net worth. Cash out is for other investment purposes.
-
03-25-2024, 01:07 PM #2
I am doing a similar deal right now and the banks won't want to do it. I have my guy looking at a bank referral from Mitsubishi bank that might....it's a $20M deal.
Reach out to me with financials and summary and I'll have my guy look at it.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.
-
03-26-2024, 04:15 AM #3
- Join Date
- Oct 2022
- Posts
- 295
I have experience with similar industry/vertical. I would like to discuss in detail and see if I can help you.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
Similar Threads
-
Nationwide lending: New construction - rental loan - bridge loan - fix and flip
By MCABroker123 in forum PromotionsReplies: 0Last Post: 06-14-2022, 04:59 PM -
Rental loan portfolio lender needed! $500k loan amounts
By emeraldmoneygroup in forum Deal BinReplies: 2Last Post: 11-25-2020, 08:53 AM -
18 rental homes blanket equity loan
By Davincinc in forum Deal BinReplies: 0Last Post: 08-30-2017, 03:03 PM -
Exotic Car Rental ACH Loan
By stevefis in forum Business LoansReplies: 6Last Post: 12-22-2015, 02:42 PM -
hotel owner needs business loan against rental income
By Fundyman in forum Deal BinReplies: 2Last Post: 05-05-2015, 04:36 PM