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  1. #1

    Consolidation

    I have a restaurant deal. Merchant is looking to use property as collateral. Property 1. Was appraised at 800k has a balance of 650k.
    Property 2. Is free and clear. Worth 65k.
    Great credit looking for 5-10 year interest only. Also will to put up equipment in his restaurant.
    Does anyone have advice or a source for this deal?

  2. #2
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Quote Originally Posted by Mr.Network View Post
    I have a restaurant deal. Merchant is looking to use property as collateral. Property 1. Was appraised at 800k has a balance of 650k.
    Property 2. Is free and clear. Worth 65k.
    Great credit looking for 5-10 year interest only. Also will to put up equipment in his restaurant.
    Does anyone have advice or a source for this deal?
    Longest we go out is 3 years i/o and equity is too light on the first property but give me a call and I may be able to give you better insight. Thanks
    Regards,

    Matthew A. Stucchio
    Associate

    World Business Lenders, LLC

    120 W. 45th St.
    5th & 29th Floor
    New York, NY 10036

    Main: (212) 293-8200
    Direct: (212) 220-6018
    Fax: (646) 417-7161
    Email: Mstucchio@wbl.com
    www.WBL.com

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by MatthewAStucchio View Post
    Longest we go out is 3 years i/o and equity is too light on the first property but give me a call and I may be able to give you better insight. Thanks
    Wait a second.... You guys do I/O..??? In that case, what are the average rates?
    Last edited by Fundyman; 07-01-2015 at 07:28 PM.

  4. #4
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    Contact me via email jesus@tradecapitalfinance.com or give me a call 619.727.6012 9am-5pm
    Jesus Infante
    Account Executive
    619.592.8000 ext. 409
    619.727.6012
    “Developing Your Company’s Growth And Success Is Our Goal”

  5. #5
    Senior Member Reputation points: 113 MatthewAStucchio's Avatar
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    Quote Originally Posted by Fundyman View Post
    Wait a second.... You guys do I/O..??? In that case, what are the average rates?
    Give me a call or email to discuss
    Regards,

    Matthew A. Stucchio
    Associate

    World Business Lenders, LLC

    120 W. 45th St.
    5th & 29th Floor
    New York, NY 10036

    Main: (212) 293-8200
    Direct: (212) 220-6018
    Fax: (646) 417-7161
    Email: Mstucchio@wbl.com
    www.WBL.com

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