Results 1 to 8 of 8
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03-23-2017, 11:20 AM #1
- Join Date
- Jun 2014
- Posts
- 89
Commercial Contractor - $12 million annual
Site prep/demo contractor doing $12 million a year. 2 current positions totaling $140k. 1-2 neg days per month. Seeking $400k for 7-8 months. Preferably done as a 1st. Otherwise would use small portion of the funds to pay off 1 or 2 positions themselves to alleviate the payment burden. Multi million dollar tax lien with no current workout (A tax firm is engaged and actively negotiating workout solution).
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03-23-2017, 12:12 PM #2
Can the merchant provide proof of negotiations with the IRS?
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03-23-2017, 12:16 PM #3
- Join Date
- Jun 2014
- Posts
- 89
Yes
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03-23-2017, 12:39 PM #4
- Join Date
- Aug 2014
- Posts
- 620
Commercial Contractor - $12 million annual
Hi,
Based off what you wrote, this deal seems good for about 100-250k in 3rd position, pending their ending daily balances. The tax lien is not an issue to us, as long as their payment history on their current cash advances is perfect I don't foresee any issues here. If all else fails and the merchant is open to an aggressive 3rd position with minimal stips (DL,VC,BL only) please feel free to reach out.Last edited by Anthony@torro; 03-24-2017 at 01:36 AM.
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03-23-2017, 03:34 PM #5
- Join Date
- Jun 2016
- Posts
- 416
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03-23-2017, 10:08 PM #6
- Join Date
- Apr 2014
- Posts
- 781
Um...no way your getting him a huge first in my view.
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03-23-2017, 11:23 PM #7
WBL can structure a large 1st position consolidation deal, assuming he owns property that there are no tax liens encumbering. We can also utilize land or primary residences from the ownership, which other hard money lenders would overlook. Feel free to reach out and I'll see if I can put something together that works.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-26-2017, 05:57 PM #8
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
If this contractor has recent or pending project contracts, we can fund about 25% upfront and then put this on a staggered payback.. until they are eligible to collect progress payments. I'll PM you.
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