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13 Replies Last post: Sep 15, 2008 11:26 PM by LoanSource

Jul 10, 2008 4:28 PM

Genius 4 posts since
Jul 10, 2008

I have been having the hardest time and need some advise. I have a client that has about $300K to put down on a $15M loan and I don't know where to take him. The business cash flows (on taxes) $3.5M a year. Sales in 2007 was $19M and currently underway they have contracts for $21 for 2008. The credit is excellent, in the 800's. my problem is he does not have 20% down and the building is only worth about $2M. Any advice anyone can help me with would be great! Thanks.

Tags: commercial_loans, commercial_lending, broker Report as inappropriate

madereal 40 posts since
Jun 13, 2008

1. Re: Need $15M loan for client Jul 10, 2008 6:46 PM

CALL ME RIGHT AWAY,WE CAN GET YOU FUNDED RIGHT AWAY,YOU WON'T HAVE TO WORRIED ABOUT 20%,AS LONG AS THE CREDIT GOOD,WHICH IT LOOKS REAL GOOD,AND SOME COLLATERAL,THATS IT!

JMURPHY
LOAN ADVISOR
608-669-4434-CELL

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LUCKIEST 7,938 posts since
Aug 6, 2007

2. Re: Need $15M loan for client Jul 10, 2008 9:20 PM

Genius, WHO ARE YOU??, WHERE ARE YOU??

HOW MANY MILLIONS DO YOU WANT??

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Genius 4 posts since
Jul 10, 2008

3. Re: Need $15M loan for client Jul 10, 2008 10:16 PM

in response to: LUCKIEST

Luckiest,
My name is Calvin and I am in Nashville, TN. The client is in PA. The purchase price is $15M and the client has $300K to put down. He can put more down if needed but not much more. He does not want to drain his account and needs money for working capital.

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Genius 4 posts since
Jul 10, 2008

4. Re: Need $15M loan for client Jul 11, 2008 10:00 AM

in response to: MDIPRETE

My client has $300K, your LOC is $350K which totals $650K. 20% of $15M is $3M. How does that take care of the 20%? If you have an option for me please leave your number so I can call you. Thanks.

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geom009 24 posts since
Jul 6, 2008

5. Re: Need $15M loan for client Jul 11, 2008 10:28 AM

in response to: Genius

Give me a call I have a place lender that will help!
727 623-5301 George

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apexfunding 55 posts since
Jun 23, 2008

6. Re: Need $15M loan for client Jul 11, 2008 1:16 PM

Calvin,

I am interested in learning more about this situation. If you still need assistance, give me a call to discuss further. Btw, are you an accountant or attorney?

Thanks,
Steve Do
Business Consultant
Tel:(832) 483-7485

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Loan_doctor 11 posts since
Jul 14, 2008

7. Re: Need $15M loan for client Jul 14, 2008 3:02 PM

We can help you with this. Contact us asap!!

Lewis Roberts
Small Business Capital
smallbizftwayne@yahoo.com* Email
260-249-1866 * Direct
www.smallbcapital.com* Web

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faroff 5 posts since
Jul 11, 2008

8. Re: Need $15M loan for client Jul 15, 2008 8:02 PM

Genius...............Just curious........have you found anything of any kind of significance????????????
Post your results if you would please.

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Genius 4 posts since
Jul 10, 2008

9. Re: Need $15M loan for client Jul 16, 2008 10:31 AM

in response to: faroff

I have not found an answer to my question yet. I have a couple people that might have a solution but that will not be figured out till we get a loan commitment. So until I have a commitment from a lender I am still looking for financing.
Thank you for all your help.

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LoanGuru 10 posts since
Aug 12, 2008

10. Re: Need $15M loan for client Aug 15, 2008 1:14 PM

in response to: Genius

Hi Genius,

Are you still looking for financing?

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jroc2008 2 posts since
Aug 8, 2008

11. Re: Need $15M loan for client Aug 18, 2008 9:35 AM

Hi there, I,m a commercial mortgage broker and have dealt with out of the box loans. You best bet is a Hard Money Group that invests in businesses and will lend up to 100%. The but is they will take a equity stake and want a business plan, resumes and the whole nine yards on them. If they like the project they will finance it. I have a group through a associte friend of mine that has deep pocket investors doing deals like these. Also the other sticker is Equity Investors will ask for a up front fees to get the deal fully approved if they like it and that can be 10-20k or more non refundable. This is the world of Hard Money and otherwise no lender period will lend on this especially the way the Lender World is now! Hope I was of help JT.

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coverexile 22 posts since
Aug 16, 2008

12. Re: Need $15M loan for client Aug 16, 2008 11:59 PM

in response to: LoanGuru

LoanGuru.......Hi, I work with Genius.....would you please email me
at coverexile@aol.com. We would be interested in discussing the possibilities
of this with you.

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LoanSource 9 posts since
Sep 15, 2008

13. Re: Need $15M loan for client Sep 16, 2008 5:34 AM

Genius,

I need some more information to help your client. What kind of business are they buying for a 4 times multiple of earnings with almost no real estate? What else does this company have for collateral? Is there any equipment, inventory or A/R?

You may need to borrow against a number of components to get this done.

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ForumsFinancing Tips

This Question is Possibly Answered

Need $15M loan for client

Jul 10, 2008 4:28 PM

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