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06-20-2024, 05:22 PM #1
- Join Date
- Mar 2023
- Posts
- 16
Mezzanine financing?
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
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06-20-2024, 05:33 PM #2
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.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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06-21-2024, 12:30 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Last edited by Yankeeman07; 06-21-2024 at 07:19 AM.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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