Results 1 to 7 of 7
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07-25-2016, 05:44 PM #1
- Join Date
- Dec 2015
- Posts
- 55
used car dealership.... womp womp wompppp... does a lot of volume tho...
She wants between 300 - 500k....
She also has a building she will use as collateral:
351,000 appraisal October 15
Owe 240,000
CA: no
Industry: auto sales
Time in bus: 3yrs
Avg balance: approx 50k
Neg days: April – 2 // May -2 // June - 0
NSFs: April –0 //May-0// June -0
Gross rev: April –1M May –300k June - 800k
CAN 95k balance
Iron 38k balance
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07-25-2016, 05:54 PM #2
WBL is you best option here. Who will be the first to say ME, ME?
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07-25-2016, 08:32 PM #3
This deal would be a perfect fit for WBL if their debt was lower (or if the property value was higher). Their debt is currently hovering around 68% LTV, which would be tough to place a second or third upon.
Sorry!Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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07-25-2016, 09:24 PM #4
- Join Date
- Apr 2014
- Posts
- 781
There is.no room on the collateral..
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07-25-2016, 10:02 PM #5
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Since it doesn't work for Zach I am happy to see if it is a fit for our funding model. I just funded a car dealer today for $500k.
The client will need $40k - $60k in monthly Net Income to qualify.
12-18 month term, with early pre-pay after six months with no fees, penalties or interest
Monthly payments
Feel free to reach out if you would like to discuss.
Best,
Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280
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07-26-2016, 02:33 PM #6
- Join Date
- Dec 2015
- Posts
- 55
dave im sending you the file
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