$1.5m
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    $1.5m

    Have a real estate agent with a pretty large office who is looking for $1.1M (disregard post title) to pay off an investor and acquire smaller offices into their brand. We are aware that they do not generate enough revenue to support a loan that size so are rather looking for disbursements or 2-3 different loans that will equate to that amount. He paid $600k in loan payments last year and is trying to bring that number down to around $450k this year. With the cost of alternative lending, the term would have to be stretched over at least 4 years to get to that $450k/year in payments. Of course this can be worked by the disbursement option. Also, the credit isn't that good. I think it's bobbing up and down around 600, most likely just under.

    Here is the breakdown of his statements:

    Screen Shot 2016-01-26 at 5.00.14 pm.jpg
    Last edited by Triton; 01-26-2016 at 05:10 PM.



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