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02-01-2023, 09:51 PM #5
- Join Date
- Mar 2016
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Oh... they're making $. Started 2008, like I said able to make their payments ok, just don't want the weekly payments and the principals FICO is 720.
They want to consolidate the $300k, and get an additional $200k +/- for opex. So over all a $500k term loan.
Term doesn't necessarily need to be 5 years and a quicker close than later is desired.
But definitely not another MCA consolidating all of this. And no ABL as they lease the building.
This is not my forte as I do CRE based loans so looking for feedback.
Bur yeah, cash flow, decent credit, paying salaries etc...Mike Lewis - commercial real estate loan broker / owner
No up front fees loan broker
Commercial real estate loans: Acquisition, refinance, construction and FAST bridge loans from $200k +
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We issue a combination mutual NDA / fee split, you introduce your CRE clients to us stating simply we handle your commercial real estate loans, we take it from there and keep you in the loop. When a loan you referred closes, you get paid at close by wire.If you can work with that please do not hesitate to contact us. Our loan forms are vanilla with no company name.
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