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11-22-2016, 08:45 AM #1
Reputation points: 27404
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
Chicago Hardmoney
I have a commercial warehouse worth 4.5m and seeking hard money of 1.5m for 2 years at a rate lower than what was offered for equity pull.....
Warehouse stores and uses high end equipment. And will not collateralize the equipment. Just commercial property. Company is doing about 290-475k per month and able to show ability to service the debt.
Won't do any MCA... last broker did the overly ambitious PSF and this merchant walked from 1.30 on 350k MCA 12 months..
Anyways please message or reply with recommendations.
My Current hard money Ave. Can't do Chicago or TN...
Thank you
DaVinciLast edited by Davincinc; 11-22-2016 at 08:48 AM.
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11-22-2016, 09:28 AM #2
Reputation points: 2126
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
What is the exit strategy/ What type of debt does this merchant have on the books?
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11-22-2016, 10:06 AM #3
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Davincinc:
Go to Scotsmanguide.com and do a lender search.
If the equity is as described (in an area that is not depressed) you will find any number of folks that will be happy to leverage the property..
RG
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11-22-2016, 10:07 AM #4
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11-22-2016, 10:25 AM #5
Reputation points: 3824
- Join Date
- Oct 2014
- Posts
- 257
Chicago Hardmoney
I have a group in Chicago era. You will only make 2 points. Pm me for their number.
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11-22-2016, 12:05 PM #6
Steven ?? deal is dead ...
Last edited by Jstarr; 11-22-2016 at 12:07 PM.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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