I have a construction deal 1st position with 800+ credit
I have a contraction deal 800 credit doing more than 7-00k monthly and he is looking for a offer with very low interet. He alrady turned down a 1.25% offer. He is looking for something omore like a line of credit or term loan that is fully unsecured. Rate in the teens or lower.
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SBA is 8.25 + 2.75 Guaranty Fee
Private Terms Loans are 12% to 18%