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    13 Replies Latest reply on Sep 16, 2008 5:34 AM by LoanSource

    Need $15M loan for client

    Genius Newbie
      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.