[NickHubbard]

I have some clients that are looking for funding for the purchase of 76 rail cars, for $1.9M. They have a new system that converts open top hopper rail cars (unused coal carrying cars) into a closed hopper system. They are easily converted by adding a roof and changing the discharge pans.

They have a takeout letter from Pacific West Equipment, a bank that will take out the cars as soon as they are converted. The total turnaround time on the conversion is about 120 days. They are inspected and fully certified for use. The title to the cars can stay with the entity funding the purchase until the cars are transferred to the end user.

They also have a Purchase Order from another company who wants to buy the rail cars for $3.4M

Main Applicant credit score in the 700's and gross income just over $100k a yr and the co applicant credit isn't good and income is over $100k a yr.

There basically looking for a bridge loan for 3 months and they have contracts in place from buyers. Is there anybody that can get this funded? They need a LOI by friday.

[Zach]

WBL can possibly get this one done if the client has enough real estate collateral. We love structuring these type of custom deals.

[NickHubbard]

@Zach I'm about to call you.

[BW Capital Solutions]

Nick,

I can help you get that done. Might even have a program without using collateral if the credit really is in the mid 700's. Give us a call.

BW Capital Solutions
949.215.6603

[bdshaw]

I have some clients that are looking for funding for the purchase of 76 rail cars, for $1.9M. They have a new system that converts open top hopper rail cars (unused coal carrying cars) into a closed hopper system. They are easily converted by adding a roof and changing the discharge pans.

They have a takeout letter from Pacific West Equipment, a bank that will take out the cars as soon as they are converted. The total turnaround time on the conversion is about 120 days. They are inspected and fully certified for use. The title to the cars can stay with the entity funding the purchase until the cars are transferred to the end user.

They also have a Purchase Order from another company who wants to buy the rail cars for $3.4M

Main Applicant credit score in the 700's and gross income just over $100k a yr and the co applicant credit isn't good and income is over $100k a yr.

There basically looking for a bridge loan for 3 months and they have contracts in place from buyers. Is there anybody that can get this funded? They need a LOI by friday.

Hi Nick- In my past life I arranged several RR car leases.
I would like to talk to you about this deal. May I have your phone number.
Thanks, Bob

[NickHubbard]

@bdshaw I have someone working on it. If they fall thru, I will contact you.