Results 1 to 11 of 11
Threaded View
-
11-05-2015, 02:15 PM #1
- Join Date
- Feb 2015
- Posts
- 51
tough one
I have a wholesale seafood company that has been in business since 2013. When operating, he does around $100k a month in revenues. He shut down in Sep and Oct to take a trip to China and has procured agreements from food service companies in Shanghai to purchase up to $1mm a month in live lobster. He now needs funds to start fulfilling those agreements. Credit sucks, low 500's. He has a residential property in Edison, NJ worth $435k that has a $160k 1st on it. A funder can lien the remaining equity but it would have to be 2nd position. Anyone know anybody who would fund this?
Similar Threads
-
Tough Deal or No Deal? Need 3rd position Commercial loan
By Fundyman in forum All Other LendingReplies: 6Last Post: 07-01-2015, 12:58 PM -
NBOTB - Hangin' Tough! Give your opinion
By WhoisKingsley in forum Everything elseReplies: 0Last Post: 01-20-2015, 10:55 AM