Results 1 to 1 of 1
-
09-08-2016, 01:42 PM #1
- Join Date
- Jun 2016
- Location
- Miami
- Posts
- 5
Second Lien on RE to fund Pre Revenue Business
I have a client with an unusual situation:
- Pre-Revenue company, merchant with poor credit
- Needs $150k for supplier payment (goods already manufactured)
- Has Residential Real Estate valued $2MM, existing mortgage of $1.1MM
- Willing to use property as collateral for $150K loan
- The plan is the use $150K to pay supplier - Buyer will issue PO upon goods on US soil, so we will factor ultimate invoice to the buyer to pay off the $150k loan.
Does anyone know of a lender who might be interested in such a scenario?
Similar Threads
-
WHO CAN TAKE MCA LEADS WHERE BUSINESS OWNERS ARE MAKING 5k-10k A MONTH IN REVENUE?
By Ryan McGlynn in forum PromotionsReplies: 13Last Post: 11-22-2017, 12:46 PM -
$550k per month; tax Lien On PRIOR Business
By helpinghand in forum Deal BinReplies: 9Last Post: 09-06-2016, 11:54 AM -
Universal Business Advisors - Do they really fund Pre - Revenue?
By ygs in forum Merchant Cash AdvanceReplies: 11Last Post: 09-18-2015, 03:29 PM -
Partner opportunity: Small business loans with no minimum revenue / time in business
By LM SBL in forum Deal BinReplies: 2Last Post: 12-03-2014, 11:07 AM -
Can't find a lender to fund a deal with low monthly revenue, contact Samson Partners!
By JeffMulford in forum Deal BinReplies: 0Last Post: 08-11-2014, 11:26 AM