second position construction $250k or better
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  1. #1

    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 suggestions
    Last edited by viper066; 01-23-2017 at 06:48 AM.

  2. #2
    Senior Member Reputation points: 68233
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    Location
    Quogue, NY
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    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

  3. #3
    Senior Member Reputation points: 49940
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    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

  4. #4
    Senior Member Reputation points: 7360
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    Boulder, CO
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    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

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
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    1,733

    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

  6. #6
    Strategic is very competitive on construction deals. Direct message me.

  7. #7

    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

  8. #8
    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

  9. #9
    Smart Business Funding

  10. #10
    Senior Member Reputation points: 9546
    Join Date
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    Quote Originally Posted by viper066 View Post
    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 suggestions
    I can't payoff but we are very strong on construction offers.

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