[premierecapitalfunding]

Our client, real estate company, is looking for $1mil collateral loan. they have a purchase agreement in place to sell off one of their industrial plants and the administration building for $1.750.000.00, balance owed to from the purchaser is $1.625.000.00., The properties are free and clear a
Again he is looking to do a collateral loan only for a two (2) note.

They looking for 5-6% deal. They already have 10% offer on the table.
Anybody can help?

[NickHubbard]

Our client, real estate company, is looking for $1mil collateral loan. they have a purchase agreement in place to sell off one of their industrial plants and the administration building for $1.750.000.00, balance owed to from the purchaser is $1.625.000.00., The properties are free and clear a
Again he is looking to do a collateral loan only for a two (2) note.

They looking for 5-6% deal. They already have 10% offer on the table.
Anybody can help?

5-6% interest rates is basically bank financing. Your not gonna find a private lender that's offering those type of rates on a bridge loan.

[NickHubbard]

And from your post, he's trying to use a building he already sold for a collateral loan? Is that correct? Or does he have other properties? Please clarify?

[premierecapitalfunding]

they have other properties

[NickHubbard]

they have other properties

Sent you a PM!