Results 1 to 10 of 10
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04-15-2015, 12:52 PM #1
- Join Date
- Apr 2015
- Posts
- 188
Collateralized Loan
I have a car wash merchant looking to collateralize there asset or personal home.
Need - 50-100K
Monthly Deposit - 100K
CC Deposit - 40 - 50K
Has 3 position totaling 60K
Credit is in the 500+ (Had identity theft, once settled will go up to 700)
Can any lender help?
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04-15-2015, 12:54 PM #2
Sounds like you need to call Pepe at WBL for thisone
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04-15-2015, 01:14 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
yep WBL
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04-15-2015, 01:25 PM #4
- Join Date
- Jun 2013
- Posts
- 195
Thanks Chambo and mcaguru! Yes please give me a ring at 212 293 8210 or shoot me an email at cpepe@wbl.com to discuss.
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04-15-2015, 02:33 PM #5
- Join Date
- Apr 2015
- Posts
- 188
Is WBL going to Lien the asset or take it?
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04-15-2015, 02:41 PM #6
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04-15-2015, 02:50 PM #7
- Join Date
- Jun 2013
- Posts
- 195
For a property, all we do is place a lien against the property until our loan is paid off.
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04-15-2015, 03:40 PM #8
- Join Date
- Apr 2015
- Posts
- 188
What about equipments use for the car wash?
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04-15-2015, 03:43 PM #9
- Join Date
- Jun 2013
- Posts
- 195
Collateralized Loan
As long as there are no open UCC's against the business and equipment we can use it.
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04-19-2015, 04:41 PM #10
- Join Date
- Mar 2015
- Location
- NY
- Posts
- 39
Where is the deal and home.
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