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02-10-2016, 10:47 AM #20
Reputation points: 6585
- Join Date
- Sep 2014
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I have an offer from three funders subject to final all presented to client - the lease was in the works but he needed the money for building improvements in order to upgrade his plant and power systems all not things a lease can provide. I did not look for the cash improvements until final approval on the lease was given on Monday. Its called customer service and working the deal to closing.
The lenders are aware of the equipment deal and the use of funds. And before you get confused the improvements are on a property he leases triple net and his landlord is not responsible for upgrading to 880 Three Phase power systems and he has to pay the power company to upgrade the feed service to the building. He also needs to install some Direct Current and Battery backups to use the New Equipment.Last edited by michaelh; 02-10-2016 at 10:55 AM.
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