Trying to find a home - Assisted Living Center ASAP
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1

    Trying to find a home - Assisted Living Center ASAP

    Hello All,

    I have a client I am having trouble securing funding for .. It's an assisted living center, been around since 1994. Averages about $20/23k a month. Super clean statements, not one NSF, no negative days. Use of funds is for expansion. Her credit is not good. This owner needs the money, like yesterday. I feel like she'll take any reasonable offer. So if anyone is willing to potentially take this on, please reach out. Thanks.

  2. #2
    Senior Member Reputation points: 39760
    Join Date
    Oct 2014
    Location
    Naples, FL
    Posts
    474

    Its going to boil down to:

    - what are her average daily balances and,
    - how many deposits is she getting a month?

    This will tell an uw how healthy the business is (and help to look past the personal credit).

    If you can answer those two, I'll send you a recommendation of who to send it to.

  3. #3
    Senior Member Reputation points: 64
    Join Date
    Jul 2014
    Posts
    196

    Trying to find a home - Assisted Living Center ASAP

    What's wrong with the credit that you are having trouble placing this? Contact me if assistance is needed.

    347-492-1801
    Mike@samsonfunding.com

  4. #4
    Senior Member Reputation points: 9546
    Join Date
    Jun 2016
    Posts
    416

    Quote Originally Posted by eastjersey View Post
    Hello All,

    I have a client I am having trouble securing funding for .. It's an assisted living center, been around since 1994. Averages about $20/23k a month. Super clean statements, not one NSF, no negative days. Use of funds is for expansion. Her credit is not good. This owner needs the money, like yesterday. I feel like she'll take any reasonable offer. So if anyone is willing to potentially take this on, please reach out. Thanks.
    I fund these types of files all day.

  5. #5
    Seems like an easy file to get funded. I guessing the credit is more challenged than our typical sub-500 deals?

    Send it over. If the banks are really that clean, we'll get it funded immediately-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  6. #6
    If the credit is your only issue, send it over (if you are not submitting to yellowstone already)
    We can definitely get them funded!
    SVP Funding
    Direct: 1-646-561-2892
    Main: 1-800-955-2411 x1168
    Fax: 1-347-246-4338
    bridgette@svpfunding.com

  7. #7
    Senior Member Reputation points: 338677
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,484

    Quote Originally Posted by BeeTamyo View Post
    If the credit is your only issue, send it over (if you are not submitting to yellowstone already)
    We can definitely get them funded!
    BeeTamyo,

    I love your enthusiasm, but you are replying to a tread from February...
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

Similar Threads

  1. assisted living
    By brokerCompany in forum Deal Bin
    Replies: 3
    Last Post: 01-03-2017, 04:08 PM
  2. i need to find a home for this deal
    By Jstarr in forum Deal Bin
    Replies: 6
    Last Post: 04-23-2015, 10:52 AM
  3. Assisted Living Facilities
    By cjbreaux33 in forum Merchant Cash Advance
    Replies: 4
    Last Post: 01-22-2015, 12:57 PM
  4. Assisted Living Facility Acquisition
    By mca123 in forum Deal Bin
    Replies: 3
    Last Post: 10-16-2014, 11:44 AM
  5. Need to find a home for this deal...
    By kookabar901 in forum Deal Bin
    Replies: 3
    Last Post: 09-25-2014, 10:53 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY