Bar/Restaurant Collateral Deal -
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  1. #1

    Lightbulb Bar/Restaurant Collateral Deal -

    Merchant I work with a lot owns a bar/restaurant looking to leverage his building and equipment to refinance some other debt.

    The issue is he recently put a brand new roof onto the place, new parking lot, but hasn't had an appraisal since he purchased it. He thinks it's worth 175 and with all his equipment he's saying 210-220k

    He owes 115k - I know a lot of collateral deals have set amount they can reach for LTV - is there anybody that would look at it all in order to get that value higher?

    Inbox me or Reply here, I appreciate the help.

  2. #2
    Senior Member Reputation points: 54989
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    zach WBL!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
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    Tel: 917-521-6528 | Fax: 212.671.1473
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    http://www.cresthillcapital.com

  3. #3
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    Quote Originally Posted by PJLamar38 View Post
    Merchant I work with a lot owns a bar/restaurant looking to leverage his building and equipment to refinance some other debt.

    The issue is he recently put a brand new roof onto the place, new parking lot, but hasn't had an appraisal since he purchased it. He thinks it's worth 175 and with all his equipment he's saying 210-220k

    He owes 115k - I know a lot of collateral deals have set amount they can reach for LTV - is there anybody that would look at it all in order to get that value higher?

    Inbox me or Reply here, I appreciate the help.
    Call me.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    I was thinking WBL myself, but I'm not sure if the equity will be there for them as I'm pretty sure they only really want the buildings, nothing else. I have a few reps that e-mail me all the time to send deals there.

  5. #5
    Senior Member Reputation points: 570 dworange's Avatar
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    hey i would like to talk to you abou this deal with collateral i can do 60-80% ltv 0% interest for the first year

  6. #6
    Senior Member Reputation points: 570 dworange's Avatar
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    Call theres alot i can do here 5512638638

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