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04-28-2015, 10:51 AM #1
- Join Date
- Jun 2014
- Posts
- 89
Only 35% Ownership
My client is a 35% owner of a retail clothing store in a mall doing around $80k/ month. He manages all day to day activities. Nice looking banks, good balances, no nsf's, low 600 credit. Problem is he has 2 hands-off investors who together own 65% of the company. They are not opposed to him obtaining financing but will not supply their ss#'s for an application or be signatories or guarantors for a loan or advance. Who will fund this with a 35% owner, assuming the deal meets UW guidelines?
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04-28-2015, 11:24 AM #2
I can't imagine anybody will. I have seen deals with 50% of the ownership signed, but 35% is ridiculous.
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04-28-2015, 04:09 PM #3
- Join Date
- Apr 2015
- Posts
- 188
Shoot me an email and discuss nathaniel@instafundllc.com
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04-30-2015, 02:03 PM #4
- Join Date
- Apr 2015
- Posts
- 7
I can get this done ASAP. I just had a similar case 2 weeks prior.
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