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01-10-2020, 11:43 AM #1
- Join Date
- May 2019
- Posts
- 8
$5M Bridge Financing, Anyone do deals like this?
Good day,
Anyone know of a Direct Funder-Private Investor/s for a deal like this? Thank you.
Summary:
*Need a $5M bridge loan (developmental funds), payback no less than 5 months, no more than 12 months
*$250K increments minimum ( not the full $5M up front)
*They have $126M in LOI's lined up for release once they complete final engineering reviews (expected at 5 months, but may extend depending on permits). The $5M+ cost of capital paid back immediately once funds are released.
*Have output purchase commitments up to 350% of capacity.
*Not interested in diluting their equity any further, which is why they are willing to pay the high factor rate.
*4th year start-up, finalizing engineering on this proprietary production facility. No income/bank statements, and looking for unsecured loan. I know this one is tough one.
Prospectus available with signed agreement/NDA.
Thanks again,
Aldo
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01-10-2020, 12:32 PM #2
- Join Date
- Jun 2019
- Posts
- 287
No bank statements and they want $5mm unsecured? LMFAOOOO
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01-10-2020, 01:02 PM #3
No collateral, no bank statements, and these guys have been bleeding cash for the last 4 years on a promise of an order? sorry to say but this deal is a loser.
dont put more effort on this, it will not happen unless you get an investor in that space who is willing to risk 5M of his hard earn capital and from the sound of it doesnt seem like you know any.
LOI have no value, and sounds like those PO's are based on an expected result which he need that 5M to reach.
my advice, i'd drop this file like a hot potato and put my effort in something else.
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01-10-2020, 01:20 PM #4
Unsecured? Not a chance in hell.
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01-10-2020, 01:22 PM #5
- Join Date
- May 2019
- Posts
- 8
Yea, knew this one is a tough one... thanks for the replies nonetheless...
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01-10-2020, 01:45 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,472
Hope Island is a lonely place....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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01-10-2020, 03:45 PM #7
- Join Date
- Jan 2014
- Posts
- 1,369
try mantis. Marcus loves these types of deals.
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01-10-2020, 03:48 PM #8
- Join Date
- Apr 2019
- Posts
- 318
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01-10-2020, 03:57 PM #9
- Join Date
- Jan 2014
- Posts
- 1,369
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01-10-2020, 04:09 PM #10
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04-11-2020, 11:56 PM #11
- Join Date
- Mar 2020
- Posts
- 160
Anthony Auriemma
Phone : 848-480-1814
Fax: 888-440-1760
Cell: 732-552-5010
Email: anthony@BilderbergBusinessLenders.com
www.BilderbergBusinessLenders.com
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