ISO LINE OF CREDIT LENDER
Hey guys, Happy Thursday. I appreciate in advance any assistance you can provide.
I need a home for two LOC files I have. Both are real estate investments firms. One is residential. One is a Self Storage development and management company.
The former is willing to secure a LOC against one or all of he properties. The latter is looking for one or multiples lines, unsecured.
Revenue over $2MM for both.
I'm looking for a lender to talk to about these files, or a referral to a lender.
Appreciate you all,
Will Lockard
Managing Partner
Lowcountry Capital Group
(856) 672-1050
64 Views
Not sure this will fit into the guidelines you have for these clients, but here is NewTeks guidelines. Let me know if you need help. I'm sure there are LOC for property people somewhere.
Line of credit: $50,000 -$3,000,000 Renewable 1 year term Minimum 650 credit score (greater above the 650 min the better) Collateral – Inventory, Operating Capital (cash), Accounts Receivable can be used for collateral Receivables need to be 80-100% advance rate Inventory valued 80-100%
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
SteveProBiz@gmail.com
https:/probizloans.net/ 949-228-1050