Property Management Seeking to net 50k for busy season
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  1. #1

    Property Management Seeking to net 50k for busy season

    Property Mgmt Company - want to go into winter with 50k for cashflow - they do snow removal for their commercial properties they manage

    He is open for 1 loan to free up his cashflow

    Has an existing:
    Kabbage 28k
    Headway 30k
    Fundbox 32k in acct receivables

    TIB: 4 1/2 yrs
    2015 Gross Sales $628,644
    Oct bank 46k with $4,669 avg led
    Sept bank 49k with $3,573 avg led
    Aug bank 60k with $4500 avg led
    July bank 59k $3,479 avg led

    Geoffrey 201-281-5232
    geoffrey@simplyfunded.com

  2. #2
    Quote Originally Posted by NJFunder View Post
    Property Mgmt Company - want to go into winter with 50k for cashflow - they do snow removal for their commercial properties they manage

    He is open for 1 loan to free up his cashflow

    Has an existing:
    Kabbage 28k
    Headway 30k
    Fundbox 32k in acct receivables

    TIB: 4 1/2 yrs
    2015 Gross Sales $628,644
    Oct bank 46k with $4,669 avg led
    Sept bank 49k with $3,573 avg led
    Aug bank 60k with $4500 avg led
    July bank 59k $3,479 avg led

    Geoffrey 201-281-5232
    geoffrey@simplyfunded.com
    What are payback months' revenue? Dec 15'-Mar 16'?
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

  3. #3
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by NJFunder View Post
    Property Mgmt Company - want to go into winter with 50k for cashflow - they do snow removal for their commercial properties they manage

    He is open for 1 loan to free up his cashflow

    Has an existing:
    Kabbage 28k
    Headway 30k
    Fundbox 32k in acct receivables

    TIB: 4 1/2 yrs
    2015 Gross Sales $628,644
    Oct bank 46k with $4,669 avg led
    Sept bank 49k with $3,573 avg led
    Aug bank 60k with $4500 avg led
    July bank 59k $3,479 avg led

    Geoffrey 201-281-5232
    geoffrey@simplyfunded.com
    I can get this business money but not over 100% of monthly gross revenue. Maybe 20-30k

  4. #4
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    We have a nice size portfolio of real estate management companies -- we find the owners are very decent people and would love to come out swinging hard when we can of these files.
    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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