Results 1 to 10 of 10
-
01-23-2017, 06:16 AM #1
Reputation points: 75
- Join Date
- Dec 2016
- Posts
- 54
second position construction $250k or better
have a merchant that has 3 yr construction company that is looking for a second for $250k or better
would like to payoff first for $200k and get a first for $400k or better
one owner credit 700
avg monthly deposits $750k
avg bal $20k
5 to 10 deposits
3 years in business
need 8 to 12 months for second
any suggestionsLast edited by viper066; 01-23-2017 at 06:48 AM.
-
01-23-2017, 07:47 AM #2
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Morning.. For whatever reason we have been seeing (and placing) a significant amount of commercial construction files recently.
Please feel free to touch base for assistance. Depending on profitability and balance sheet there might be a term note available, and/or a LOC- if their clients are strong- and the cadence of billing and paying is clear.
Regards,
RG
Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743
Direct 516 510 3855
rg@businesscapitalconsultants.com
-
01-23-2017, 10:47 AM #3
Reputation points: 49940
- Join Date
- Aug 2014
- Posts
- 620
PM sent
Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecapllc.com
-
01-23-2017, 01:17 PM #4
Reputation points: 7360
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Hi Viper,
I am a direct funder and fund a lot of construction. I do not stack though...so would need to pay off the first position.
I'm a direct funder but not a MCA lender so do things a lot differently.
Monthly payment, minimum $100k, max $2MM. Client can pay off any time after six months with no fees, penalties or interest (pay principle only and they are out).
My primary driver for prequalification is Net Income. For every $100k of desired funding, we need to see monthly net income of at least $13k.
If you think your client may be a fit, feel free to reach out and discuss.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
-
01-23-2017, 02:27 PM #5
If they have solid net income, you should send it to Dan Page. He gets a lot of creative deals like this done.
If their net income doesn't qualify and they happen to have real estate, the WBL product might be a good fit here. If you'd like to discuss feel free and call or email me any time.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
-
01-24-2017, 12:00 PM #6
Reputation points: 10
- Join Date
- Jan 2017
- Posts
- 57
Strategic is very competitive on construction deals. Direct message me.
-
01-24-2017, 08:23 PM #7
Reputation points: 10
- Join Date
- Jan 2015
- Posts
- 16
second position construction $250k or better
if he does commercial Contracting I will fund up to 80% of his AR. this would be enough for buyouts. john@constructionfinance.com. 8702774171
-
01-24-2017, 08:28 PM #8
Reputation points: 10
- Join Date
- May 2015
- Posts
- 16
We have term loan programs that go up to 500K. 10-year terms. You can wrap up all the mca and have money left over.
If you are interested in discussing let me know.
Miguel
support@cfobydesign.com
-
01-25-2017, 10:18 AM #9
Reputation points: 731
- Join Date
- Dec 2014
- Posts
- 45
Smart Business Funding
-
01-26-2017, 07:58 PM #10
Reputation points: 9546
- Join Date
- Jun 2016
- Posts
- 416
Similar Threads
-
Need $250k+ Second Position
By WayUp in forum Deal BinReplies: 6Last Post: 01-04-2017, 09:09 PM -
Construction co looking for 250k
By biggr in forum Deal BinReplies: 8Last Post: 08-10-2016, 01:19 AM -
2nd position 250K- 1st position Direct Capital
By ksmo1309 in forum Deal BinReplies: 12Last Post: 03-15-2016, 12:16 PM -
2nd position $100K for construction co in CA (or 3rd for $75K with 6 mo term)
By SBF in forum Deal BinReplies: 4Last Post: 03-10-2016, 09:07 AM -
Construction Deal 2 - $140 - needs 2nd POSITION or PAYOFF
By Steven_O in forum Deal BinReplies: 7Last Post: 01-09-2015, 10:19 AM