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06-27-2024, 02:15 PM #1
- Join Date
- Apr 2024
- Posts
- 35
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
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06-27-2024, 02:55 PM #2
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.
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06-27-2024, 02:58 PM #3
- Join Date
- Feb 2017
- Posts
- 3,450
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06-27-2024, 03:40 PM #4
- Join Date
- Apr 2024
- Posts
- 35
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.
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06-28-2024, 12:13 PM #5
- 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.
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