Results 1 to 5 of 5
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04-04-2016, 02:51 PM #1
Reputation points: 10
- Join Date
- Sep 2015
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- Houston, Texas
- Posts
- 16
Slaughter House/Meat Processor in Tx needs to refinance 270K CRE
A slaughter house/meat processor is looking to refinance a piece of property purchased for their business last year via hard money into something long term. The loan was for $270K currently paying 10% apr, looking to refinance into a lower rate. Business is profitable for 2015. The property is in unincorporated Harris County, Tx but my usual sources don't look at farm or rural type companies. This was brought to me by a banking contact.
Please contact me at nbutic@troutpays.com if you are a direct lender that may have a solution for this business owner.
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04-04-2016, 03:45 PM #2Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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04-04-2016, 03:54 PM #3
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hey Napoleon,
Rural properties are indeed difficult to get funded.
I might be able to help but most RE lenders will struggle with the rural features of this property, especially at a low rate.
Best,
Dan Page
dan@fundingstrategypartners.com
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04-04-2016, 04:08 PM #4
Reputation points: 10
- Join Date
- Sep 2015
- Location
- Houston, Texas
- Posts
- 16
Thanks Dan, will send you an email.
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04-04-2016, 05:42 PM #5
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Slaughter House/Meat Processor in Tx needs to refinance 270K CRE
Hi.
Just a note to let you know we completed a complete accounts receovable program, including shipments overseas, for a slaughter house in Iowa.
You might ask your client if they have any needs in that are an
Bob
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