Results 1 to 11 of 11
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08-10-2016, 11:09 AM #1
- Join Date
- Jun 2014
- Posts
- 84
Florida client seeks $250k (biz and real estate)
Florida business owner seeks 250K. He does just over 1.2 million years in sales and owns real estate valued at 525K and has 90k in equity. Credit is low 600's. Any takers?
Please get back ASAP!
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08-10-2016, 11:35 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Morning..
What kind of Business? Is there any debt on the balance sheet now? Does he/she show a profit?
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08-10-2016, 11:51 AM #3
This is 100% a WBL deal. Are they all asleep, or did they pm you?
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08-10-2016, 11:55 AM #4
- Join Date
- Jan 2016
- Posts
- 12
--
Reuven Mirlis
President & CEO
RDM Capital Funding
777 Passaic Ave, Suite 375
Clifton, NJ 07012
Phone: 973-747-9846
Fax: 877-837-6080
Reuven@RDMCapitalFunding.com
www.RDMCapitalFunding.com
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08-10-2016, 12:00 PM #5
- Join Date
- Jun 2014
- Posts
- 84
well - I know that WBL could probably come up with some funding but not 250K
Money will be used to acquire another business (including commercial r/e) . Any ideas?
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08-10-2016, 12:21 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,998
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08-10-2016, 12:24 PM #7
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Florida client seeks $250k (biz and real estate)
It's not a WBL deal, the current ltv on the property is already over 80%, you probably won't even get an offer from them. And on the SBA express if you drop the loan amount to $150k you can get by with a 600 fico.
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08-10-2016, 12:30 PM #8
- Join Date
- Jun 2014
- Posts
- 84
thx for response!
I'll look at that
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08-10-2016, 01:24 PM #9
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Agreed the LTV is too high for WBL.
Bostriba - If the combined monthly net income of both businesses (the one he owns and the one he is purchasing) is in excess of $33k, I might be able to fund him internally (I am a direct lender).
Monthly payments
12-30 month term
Early payoff after six months with no fees, penalties or interest
Feel free to reach out if you would like to discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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08-11-2016, 01:33 PM #10
- Join Date
- Jul 2016
- Posts
- 8
Call me 973-944-0646 if they are using the funds to buy a business then a 30-40% cash advance or a 60-80% WBL offer is the last thing they need. If the number check out we can finance that for them.
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08-12-2016, 03:25 PM #11
- Join Date
- May 2016
- Location
- New Jersey
- Posts
- 31
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