[xhuljo]

Got a client in the process of acquiring an auto repair shop in Atlanta, GA, which includes real estate valued at $3,000,000. Waiting for the valuation of all equipment and inventory associated with the shop, as well as the financials of the business.

Interested in securing a mezzanine or term loan. Wants a low down payment although he can support about 300k.

I figured mezzanine would be hard since he doesn't want his credit score to be affected, or his current business revenue to be involved in the borrowing. Sounds like a real estate backed loan or an SBA one.

Welcoming your interest in PM.

Numbers: https://docs.google.com/spreadsheets...f=true&sd=true

[Olderguy]

You can do a SBA business acquisition at 90% LTV. 95% CLTV with seller carryback of 5% is allowed.

Have to look at it and structure it with the property prolly 504.

Reach out.

[Yankeeman07]

Got a client in the process of acquiring an auto repair shop in Atlanta, GA, which includes real estate valued at $3,000,000. Waiting for the valuation of all equipment and inventory associated with the shop, as well as the financials of the business.

Interested in securing a mezzanine or term loan. Wants a low down payment although he can support about 300k.

I figured mezzanine would be hard since he doesn't want his credit score to be affected, or his current business revenue to be involved in the borrowing. Sounds like a real estate backed loan or an SBA one.

Welcoming your interest in PM.

Numbers: https://docs.google.com/spreadsheets...f=true&sd=true

Sent you a PM