Hard Money Loans in Puerto Rico
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  1. #1
    Senior Member Reputation points: 1422
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    Hard Money Loans in Puerto Rico

    Anyone have any sources or aware of lenders offering secured financing in PR? Retail location looking to use the money to purchase a second location. Already has an MCA and wouldn't qualify for enough.

    Looking for $50,000-$125,000 over 3 Years. Current open location property is valued $325K, owes $130K, FICO is between 680-700.
    Isaiah Clark
    General Merchant Funding
    Hartford, CT 06103

  2. #2
    Member Reputation points: 10
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    Staten Island, NY
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    We might be able to get a deal with him. What are his annual / monthly sales?



    Michael Penna
    Funding Specialist
    ​855-​676-​6687 Main
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    Email mpenna@rocfundinggroup.com

  3. #3
    Senior Member Reputation points: 1422
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    What kind of deal? I can get specifics about the business revenue but not looking for anything based on sales.
    Isaiah Clark
    General Merchant Funding
    Hartford, CT 06103

  4. #4
    Senior Member Reputation points: 16709
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    Jackson Hole Wy
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    Try banco popular. We did a couple of deals through them in PR last year. Little more flexible than US bank.
    Message me and I will try to find the contact we used

    best

    Quote Originally Posted by GMFunding View Post
    Anyone have any sources or aware of lenders offering secured financing in PR? Retail location looking to use the money to purchase a second location. Already has an MCA and wouldn't qualify for enough.

    Looking for $50,000-$125,000 over 3 Years. Current open location property is valued $325K, owes $130K, FICO is between 680-700.

  5. #5
    Senior Member Reputation points: 1422
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    Omega, I PM'd you.
    Isaiah Clark
    General Merchant Funding
    Hartford, CT 06103

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