Equipment Purchase - Trucking 500k Needed
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  1. #1

    Equipment Purchase - Trucking 500k Needed

    2.5MM/monthly currently leases trucks wants to get out of that and start purchasing them outright. 500k for 5 trucks. I have everything short of first born as far as financials. Had a lien that's been taken care of (documents to support that) - Looking to be around 5% the equip finance co. I currently work with simply can't him enough cash. Looking for No Prepay Penalties, No Money Down, Option Deferred Payments, Extended line of cash disbursed for soft costs.. basic stuff.

    Let me know if anybody has an equipment finance guy they trust.

  2. #2
    We can do this at Strategic, PM me.

    John Costigan
    jcostigan@sfscapital.com

  3. #3
    Strategic is in the equipment finance game? Weird, I had no idea.

  4. #4
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    Equipment Purchase - Trucking 500k Needed

    I do. Gerry Ostreich has been in the business for over 40 years. He is by far the most knowledgeble person I've ever met for financing vehicles. I sus left he can find money in that price range.
    please send me your contact information and I'll give you his tomorrow. I'm not getting paid for the referral.
    Bob

  5. #5
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    Equipment Purchase - Trucking 500k Needed

    John, the typical truck financing goes out to 7 years. Do you have that kind of financially instrument that can do that. If so I would be glad to forward some deals to you.
    Bob Shaw
    Iron Horse Credit
    rshaw@ironhorsecredit.com
    734-929-3800

  6. #6
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    Quote Originally Posted by bdshaw View Post
    I do. Gerry Ostreich has been in the business for over 40 years. He is by far the most knowledgeble person I've ever met for financing vehicles. I sus left he can find money in that price range.
    please send me your contact information and I'll give you his tomorrow. I'm not getting paid for the referral.
    Bob
    Agreed. Gerry is a good man.

  7. #7
    Skytop. Let me know if you're still looking.

    yali@primecapfunding.com

  8. #8
    Got this one done - will reach out next time

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