Ct deal
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  1. #1
    Member Reputation points: 12
    Join Date
    Mar 2015
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    NY
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    39

    Ct deal

    Have a deal in CT, looking for $215,000 to buy a property with appraised value of $400,000. Client is moving her current business location to a new one which will increase sales and revenues.

  2. #2

    Ct deal

    Does she have any money to put down?

  3. #3
    Member Reputation points: 12
    Join Date
    Mar 2015
    Location
    NY
    Posts
    39

    Yes, Im trying to use that towards closing.

  4. #4
    Banned Reputation points: 4530
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    Ann Arbor, Michigan
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    Ct deal

    why is she getting the bargain price?

  5. #5
    Member Reputation points: 12
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    Mar 2015
    Location
    NY
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    The previous owner passed and they just want to move on.

  6. #6
    Senior Member Reputation points: 1422
    Join Date
    Dec 2013
    Location
    Connecticut
    Posts
    332

    Credit? How long has the current business been open? Any collateral available? Industry type?
    Isaiah Clark
    General Merchant Funding
    Hartford, CT 06103

  7. #7
    Member Reputation points: 12
    Join Date
    Mar 2015
    Location
    NY
    Posts
    39

    Towing, she has been in business 5 years. Fico 560

  8. #8
    Senior Member Reputation points: 983 Joseph Esparza's Avatar
    Join Date
    Mar 2014
    Location
    Manhattan, New York
    Posts
    162

    Call Benjamin Youshei Of Direct Capital Mortgage - 516-330-1000. I've closed many such deals with him - super knowledgeable.

  9. #9
    I have a client looking to purchase the chiropractor Practice he works for. The purchase price is 825k.The business has been open for over 15 years grossing around 1m a year. The buyers fico score is over 700 and he can bring 8-10% to the table if needed. Please contact me @ mjones@fortune2funding.com
    Last edited by Fortune Funding; 04-13-2015 at 11:33 PM.

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