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05-23-2016, 12:36 AM #1
- Join Date
- Nov 2015
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- 12
$800K+ Term Loan with a portion of proceeds used to Pay off IRS Lien
Who would entertain a high 6 figure/close to 7 figure deal with a portion of proceeds used to pay off a $400K tax lien (one they have consistently made large monthly payments on, @ $17k/month, for 3 years without ever missing a payment fyi).
Looking to consolidate some current debt, clear this lien, and net cash with one financing. Financials show the debt service needed to cover this request has been easily made consistently, TIB over 20 years, a desirable industry, 680/700 personal fico signing as owner/guarantor, and profitable on $5M+ in rev. Borrower open to lender paying IRS direct as part of transaction same as any other lender payoff on the books to take 1st lien position.
Please advise, thanks DF!
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