Results 1 to 7 of 7
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04-11-2017, 12:58 PM #1
- Join Date
- Feb 2017
- Posts
- 4
OFFER ON TABLE - Bank Deal @ 5% for 25 Years
OFFER ON THE TABLE: Value $700k / Financing $225k / Down Payment $75k / Rate 5% / Term 25 Years
WANTS: Interest Rate below 5%
Purpose: Purchasing 2nd Location
Owner Occ Biz - Retail Store (2nd Brick & Mortar Location)
FICO - 820
Revenue - $100k Annually - Expected for 2017 $100k to $120k
$1 Million in Inventory - (Paid for)
Established - 8 yrs
Rent - $4363 (Sq ft 10,250)
Credit Cards & Cash only - No Checks
NO Outstanding Loans
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04-11-2017, 01:23 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,998
This forum is for MCA lenders/funder's - You have a commercial mortgage for a client that is 1% over Prime.
That's a great offer,
The Current U.S. (Fed) Prime Rate is: 4.00%
http://fedprimerate.com/Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-11-2017, 01:29 PM #3
- Join Date
- Mar 2016
- Posts
- 335
5% per year... not too shabby. If you want 5% per week, you came to the right place.
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04-11-2017, 02:50 PM #4
- Join Date
- Oct 2016
- Posts
- 4,318
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04-11-2017, 03:01 PM #5
- Join Date
- Feb 2016
- Posts
- 245
He came here to brag lol
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04-11-2017, 03:10 PM #6
- Join Date
- May 2016
- Posts
- 148
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04-11-2017, 03:46 PM #7
- Join Date
- Feb 2017
- Posts
- 3,464
How about a business line of credit? 4-6% yearly interest and they won't have to pay back the principle for quite some time. It's a great up-sell, and every good business needs ones like these.
I don't think anyone here will beat the bank's current offer, if it's a REAL offer. Many times it's an offer prior to actual funding that has no relationship to the actual final offer and fees. Send me an email, see if we can help. No, I'm not a direct lender, but I have direct access to make the sale and understand the product, and I can introduce it to your client, and we can make it worth both our while.
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