Results 1 to 4 of 4
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07-07-2016, 12:15 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
MOtel looking for 250k at bank rates
Hi,
Submitted to Funding Circle (too expensive for the merchant) and then Dealstruck (shocking, they declined it).
Anyone else i am missing, large deal, low rates (7%-20% term loan)?
Thanks for any input.
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07-07-2016, 12:47 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Skideeppow- I am a direct lender and my (internal) rates are too expensive for your client.
BUT...If the Motel Owner has sufficient LTV in his property, I have done a number of deals like this through a colleague of mine that are in the interest rate range he is seeking. (Typically 6% - 12% depending upon term and specifics of the deal).
Feel free to reach out if there is interest.
Best,
Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280
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07-07-2016, 01:01 PM #3
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
celtic bank for bank rates
If he uses the real estate for collateral there are a number of sources for 6-8%
bzuniga@omegafund.com
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07-16-2016, 04:17 PM #4
- Join Date
- Apr 2015
- Posts
- 20
I can do the deal in are hedge fund product rates from 10 to 18% 3 to 5 years monthly payments give me a call any time 843-796-4039
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