Chicago Hardmoney
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  1. #1
    Senior Member Reputation points: 27404
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    Texas
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    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
    DaVinci
    Last edited by Davincinc; 11-22-2016 at 08:48 AM.
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  2. #2
    Senior Member Reputation points: 2126
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    Florida
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    What is the exit strategy/ What type of debt does this merchant have on the books?

  3. #3
    Senior Member Reputation points: 68233
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    Quogue, NY
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    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

  4. #4
    How much is owed on the warehouse?

  5. #5
    Senior Member Reputation points: 3824
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    Oct 2014
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    257

    Chicago Hardmoney

    I have a group in Chicago era. You will only make 2 points. Pm me for their number.

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    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
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