One deposit per month - but it's $122,000
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  1. 07-19-2016, 03:49 PM #1
    Increment1
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    One deposit per month - but it's $122,000

    I have a business that owns a building that she leases to one of the largest nursing home operators in New Jersey. She has a 20 year lease and gets paid like clockwork. Her monthly mortgage payment is $99k so she nets around $20-$25k a month. She is looking for around $20k to finish off some repairs.

    FYI - The building is in NJ but the business is in CA. No brokers, direct funders only.
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  2. 07-19-2016, 05:19 PM #2
    mcaguru
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    looks like a WBL kind deal!! recently i have seen them do some very large deals!!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com
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  3. 07-19-2016, 05:39 PM #3
    Jonathon
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    I have seen this file back in November, her name is Stacey. At the time LoanMe was the only option except they don't fund in NJ. Couldn't do a WBL or hard money loan because her debt was to high on the building.
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  4. 07-19-2016, 05:45 PM #4
    LoanMe
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    Quote Originally Posted by Jonathon View Post
    I have seen this file back in November, her name is Stacey. At the time LoanMe was the only option except they don't fund in NJ. Couldn't do a WBL or hard money loan because her debt was to high on the building.
    LoanMe does Loan in NJ. Minimum funded loan amount must be $50k+ for New Jersey.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806
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  5. 07-19-2016, 05:50 PM #5
    Jonathon
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    I was going off of memory from November, maybe I did submit and it was declined...Increment1 send it to LoanMe see what happens..My bad Loanme for saying NJ was no go..
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  6. 07-19-2016, 05:55 PM #6
    BW Capital Solutions
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    Quote Originally Posted by Jonathon View Post
    I was going off of memory from November, maybe I did submit and it was declined...Increment1 send it to LoanMe see what happens..My bad Loanme for saying NJ was no go..
    Wow J...they got you.
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  7. 07-19-2016, 05:59 PM #7
    Jonathon
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    Quote Originally Posted by BW Capital Solutions View Post
    Wow J...they got you.
    I know, i'm waiting for the piranhas to attack now.
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  8. 07-20-2016, 07:09 AM #8
    RichardGerard
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    Rather than working off the revenue perhaps the Real Estate value and DSCR should be the information sought. As it seems the property cash flows, why not pursue a full or stated doc refi?

    It might take 30 days but that will be the most cost effective facility for the client
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  9. 07-21-2016, 08:26 PM #9
    snajieb
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    This does look like a WBL kind of deal! Ideally is lower than our minimums, but would entertain financing provided income/assets are suitable to structure.

    Give me a call.

    Sean Najieb
    WBL
    212.293.8232
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  10. 07-22-2016, 02:28 AM #10
    AMERICApital1
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    One deposit per month - but it's $122,000

    I can fund this without collateral pm me
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