All Business Lending & Fintech

Lender calls me who is in 9th position Wedding venue with a $980,000 current mortgage 11 positions: $424,000 in MCA loans $233,000 a month in payments plus mortgage payment Very difficult property. Acreage and liquidity issue Got a hard money property loan LOI for 50% LTV on estimated value of $3.6M would be a loan amount of $1.8 M 1% a month interest only payment would amount to $18,000 a month. Pay off the mortgage of $980,000 Pay off all the MCA loans of $424,000 Leave $400,000 cash out for improvements and loan fees. 3% broker fee I split with broker/lender who sent it to me

Steve Benjamin Professional Business Loans Irvine, CA 92620 steveprobiz@gmail.com https://probizloans.net/ 949.228.1050