Results 1 to 5 of 5
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04-03-2017, 12:46 PM #1
- Join Date
- Dec 2015
- Posts
- 33
$250k Line Of Credit - Real Estate Industry - No Collateral
Real Estate Construction/Builder/Property Manager looking for $250k Line of Credit. Good Personal Credit (received 2 offers from other lenders/banks) Monthly gross revenue is $150k. Any options here?
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04-03-2017, 02:00 PM #2
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
what state is the business and do they have any tax liens?
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04-03-2017, 02:07 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Maverick - Unfortunately there is not enough information here to make a qualified assessment. In order to qualify for my core funding for $250k, he would need net monthly income of at least $32k, which is a 20%+ net margin...I'm guessing that is unlikely.
Since he is a builder, there is a decent chance he owns real estate. If that is the case, I can provide 8% - 12% APR money, which is a heck of a lot cheaper than my core funding, or likely most anyone else here.
Let me know if you would like to discuss!
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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04-03-2017, 04:42 PM #4
- Join Date
- Feb 2017
- Posts
- 3,463
Let me help you out.
We can work together to get some great business LOC (up to $250,000) starting around 0 APR, and yearly he'll realistically be paying more in the range of 4-6%.
I can also arrange $250k of private RE-flipping revolving credit.
Also, if he wants to leverage his personal credit, we can even get him more money.
It might end up being a bit of a broker chain, but I'm sure we can make it worth each other's while and not have added costs for the client. Call me ASAP. All we need is a personal credit history and minimal details about the business to get a prequalification.Last edited by abfunders; 04-04-2017 at 07:28 AM.
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07-29-2017, 08:00 PM #5
- Join Date
- Jul 2017
- Posts
- 49
Call Lorraine at 765.517.0975.
Lorraine McNair - COO
MoveAhead Financial
2114 E Blvd
Kokomo, IN 46952
lorraine@moveaheadfin.com
www.moveaheadfin.com
765.517.0975
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