300k loan secured by Real estate property
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    300k loan secured by Real estate property

    Client looking for 300k for 6 months to pay back 400k , there's property to secure the funding, financials are great, revenue yearly is 2 million.
    Client will not entertain any type of MCA.

    I appreciate any help i can get.

    Thank You

  2. #2
    Senior Member Reputation points: 73140 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,286

    Lee...just might mention the 2 properties have a blanket lien and I couldn't do them as not enough equity together....I could do one property if the blanket lien holder would release just the one property but they wouldn't.
    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.

  3. #3
    Senior Member Reputation points: 227882
    Join Date
    Feb 2017
    Posts
    3,429

    Quote Originally Posted by MovingMoney View Post
    Client looking for 300k for 6 months to pay back 400k , there's property to secure the funding, financials are great, revenue yearly is 2 million.
    Client will not entertain any type of MCA.

    I appreciate any help i can get.

    Thank You
    If they're rented out and cash-flowing (net, not gross) at $7000/month minimum, there's a way to squeeze out without a refi. I don't have your email address, so please email me.

  4. #4
    Update! i was able to find an investor that will do the deal.
    I do appreciate all the help and guidance i received.

    Thank You for all the info.

  5. #5
    Noob Reputation points: 10
    Join Date
    Feb 2023
    Location
    Deal, NJ
    Posts
    1

    Do the properties cash flow? Is it resi or commercial properties? I can assist in a DSCR ratio or no ratio 680 credit + needed.

Similar Threads

  1. Replies: 0
    Last Post: 02-12-2022, 06:34 PM
  2. Replies: 4
    Last Post: 09-23-2020, 09:46 AM
  3. Real estate lender on non income producing property?
    By Triumph Solutions LLC in forum Deal Bin
    Replies: 3
    Last Post: 06-06-2019, 09:17 AM
  4. Investor Has $300k To Lend Today For Real Estate Loan!
    By Creative Lender in forum All Other Lending
    Replies: 1
    Last Post: 03-08-2018, 04:04 PM
  5. Real Estate Developer/Property Management Company
    By SWC in forum All Other Lending
    Replies: 1
    Last Post: 07-24-2017, 05:35 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY