Good Morning DF

Stuck on a deal so I figured I'd throw it out here.

I have a client that is trying to buy a testing laboratory. Asking price is $480,000. The borrower sold his old lab about 2 years ago for quite a profit but wants to get back in his industry. SBA was killed for the lab also being sold 8 months ago to a different company, and now its being sold again (regulation has changed about owning testing facilities and treatment centers.) Borrower Liquidity is north of 1M. Looking for a lender that would do an amortized product, prepayment penalties are fine.

In summation Problems with this deal

Frequency of times this lab has been sold in the past year
Borrower does not have an operating business (does have a corp set up for the purchase though)
No equity in property for this transaction

Pro's of this deal

Good Liquidity
780 Credit score
Industry Experience
Borrower has been moving testing accounts to the lab already, there are over 400k in receivables sitting in the account at time of purchase
Seller and Purchaser have a strong business relationship.

If a business acquisition loan strikes anyone fancy, shoot me a DM.