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03-31-2017, 12:02 PM #1
- Join Date
- Jan 2016
- Posts
- 435
Fishing boat 350K wants 30-50K
Hi everyone, looking for a program that can use a fishing boat worth about 350K owes about 50K, client is looking for 30-50K to purchase another smaller boat. Merchant takes people deep sea fishing during summer months and having another vessel will help bolster his income. Problems I have been running are 1 its a boat and apparently no one like those and the merchant has a dismissed BK about 6-8 months ago. Does not have a strong and consistent enough income for an advance or term loan so the deal basically needs to be exclusively based on the boat. PM me if you need any other details, thanks again
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04-01-2017, 12:12 AM #2
you could try pledge cap or Borro. good luck...
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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04-10-2017, 09:29 PM #3
- Join Date
- Jan 2015
- Posts
- 70
As if a sale-leaseback on a boat isn't hard enough, your boat owner has a recent BK. If the boat is in CA, I might be able to get your captain his money but it ant going to be cheap
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