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01-29-2015, 07:08 PM #1
- Join Date
- Jul 2014
- Posts
- 74
Real Estate ReFi - $100K a month
I have a merchant in the real estate business doing $100k-$140k a month in deposits, with 2 advances from Knight and SFS.
Who works real estate and can offer a 3rd, or refinance both advances.
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01-29-2015, 07:19 PM #2
- Join Date
- May 2014
- Posts
- 317
What's balance in total?
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01-29-2015, 07:25 PM #3
- Join Date
- Jun 2013
- Posts
- 195
If they are willing to use any real estate they own, we can either consolidate the positions, or offer a third depending on his balances and daily payments currently?
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01-29-2015, 07:36 PM #4
- Join Date
- Jul 2014
- Posts
- 74
It's a "Property Management" business actually.
Knight:
- Daily Payment is $500
- Balance owed is approx $30k
- Loan was $40k
SFS
- Daily Payment is $230
- Balance owed is approx $10k
- Loan was $25k
In December the business did $125k in deposits
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01-29-2015, 07:39 PM #5
- Join Date
- Jun 2013
- Posts
- 195
Do they manage properties they own, or are they managing for third parties?
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01-29-2015, 07:55 PM #6
- Join Date
- Jul 2014
- Posts
- 74
Real Estate ReFi - $100K a month
Just managing properties for 3rd parties
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01-29-2015, 07:56 PM #7
- Join Date
- May 2014
- Posts
- 317
You could always do an ABL but I can get it done at the same rate if not less with no collat.
Email me, Jared@unitedcapitalsource.com if you'd like we could take a look.
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01-29-2015, 08:06 PM #8
- Join Date
- Jun 2013
- Posts
- 195
Most of the revenue is pass through revenue then, and margins are 10%-20%.
Jared may have some good alternatives if they don't want to use collateral, but if they own real estate and want to consolidate or add a position feel free to email me at cpepe@wbl.com to discuss details.
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01-30-2015, 08:57 AM #9
- Join Date
- Jan 2015
- Posts
- 23
Real Estate ReFi - $100K a month
Jonathan 7182393527. Give me a call we'll talk more on this matter.
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