Results 1 to 2 of 2
-
02-12-2016, 04:43 PM #1Member
Reputation points: 839
- Join Date
- Mar 2015
- Posts
- 78
Merchant owns properties but is facing an uphill battle vs stacks and bad credit
Diner and car wash got approved for an LTV of 55% 990K but merchant owes 1.2 million on the properties so weren't able to get a commercial loan. The properties are valued at 1.8 million. (we have appraisal)
As for merchant, credit is really bad (sub 500) and has delinquencies.
As for cash flow, diner did 337k in 2014 tax return for gross sales. Has 3 positions out totaling ~23000. 36k/mo in gross, 2 NSFs in January but 0 in the last few months prior.
Just looking for any solution that's out there, thanks!
-
02-12-2016, 05:03 PM #2Senior Member
Reputation points: 32658
- Join Date
- Nov 2013
- Posts
- 1,733
Give me a call and let's talk about this one. Looks like it might work.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
Reply With Quote
Similar Threads
-
How many Stacks did you did one merchant have at one time?
By CO1 in forum Merchant Cash AdvanceReplies: 52Last Post: 09-20-2019, 02:00 PM -
Client owns a machine worth $250K
By castcap in forum Deal BinReplies: 5Last Post: 12-10-2015, 11:00 PM -
Stacks
By LoanShark714 in forum Merchant Cash AdvanceReplies: 0Last Post: 08-12-2015, 12:23 PM -
Client looking to refinance 5 rental properties/total $540,000, credit is high 700"s
By laurenecaputo in forum Deal BinReplies: 0Last Post: 04-23-2015, 07:10 PM -
Merchant Owns 2 LLC's
By Brandon Seger in forum Deal BinReplies: 5Last Post: 02-24-2015, 11:48 AM
