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04-12-2024, 10:52 AM #2
I can get him money on his property. NoDoc hard money up to 65% Loan to Value. 10 year Interest Only, then amortized 20. 10.99%. Less than 1% a month payment. $600,000 would cost him $5,495 a month. 650 Fico. Down to 620 Fico rate would be a bit higher.
Can also get ABL on his A/R
And money is possible from his contracts as well.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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