$250k Line Of Credit - Real Estate Industry - No Collateral
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  1. #1

    $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?

  2. #2
    Senior Member Reputation points: 27404
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    what state is the business and do they have any tax liens?

  3. #3
    Senior Member Reputation points: 7360
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    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

  4. #4
    Senior Member Reputation points: 226125
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    Feb 2017
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    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.

  5. #5
    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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