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10-12-2018, 09:07 AM #1
CA Real Estate collateral deal
I have a merchant that needs $500-750K to complete existing RE development.
He has 3 MCA positions in distress that need to be taken out with enough left over to complete development.
I don't do these deals as principal so I'm reaching out to the more experienced members for guidance on how to proceed.
RE free and clear with APV's well over $3M, fico over 700, old BK (CH7 discharge in 2009), healthy revenue.
Cheers to the board!
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