$3mm account receivables facility along with a $1m purchase order facility for a CBD retailer with a suite of products carried by national retailers.
$798,000 refi/cash out for Auto care center in the Southwest
$400,000 second position account receivable facility for international Wine distributor.
$2.45mm commercial real estate loan for an Auto Salvage property in greater Chicago. A bank asked for my help in re-positioning the asset, and I turned to a great lender, providing a great bridge loan offer.
$1.8mm commercial real estate loan for 2 Austin Texas properties. One property, a research lab, the other a light industrial property, with strong fundamentals, resulted in very solid interest rate and terms for the client.
$1.4mm loan for a Brooklyn NY property- The funds will allow the experienced real estate investor to add on to the property, increasing the cash flow even further.
Examples of other 2019 loan closings below.
Chicago area trucking company secures a $1mm Line of credit and a $750,000 Guidance line for equipment purchases. Very low rate, 12 month interest only term, renewable annually.
$500,000 working capital advance for California truck stop company with past loan defaults. Typically when a company defaults on a past working capital advance, it was very challenging to secure working capital in the future.
Thanks to one of our new capital partners. we were successful in placing four different ranches of capital, totaling $500,000, assisting the company with the capital needed to expand to an additional location.
If you, or one of your clients has had a loan default, lets discuss how we may be able to provide a financing solution, even if that default has derailed your attempt at financing to date
$350,000 Second position account receivable line for South Dakota company. - Another new capital source with an outside the box financing program provided a $350,000 account receivable financing solution secured by a SECOND position on AR. The companies bank has a blanket lien on assets, which up to a few weeks ago had precluded our client to monetize the receivables. The funds provided by the monetization of the AR greatly helps the cash flow of our client.
$300,000 receivable financing facility for a California trucking firm. The same capital provider from the closing above secured this financing once again with SECOND position on Account receivables.
Example of additional closings below.
Challenging $1,24mm Second mortgage with a $2mm Account receivable line.
Texas based company with significant merchant cash balances and account payables are now able to focus on the growth of their business after the closing of a $1.24mm second mortgage and $2mm AR line.
The financing results in over $60,000 of monthly net interest payments Savings to the company over the first 3 months of the agreement.
With the funding, he company was able to pay off their merchant cash advance lenders in full, pay their 2019 property taxes in full, and have cash remaining to purchase materials to complete new orders received over the past few weeks.
Second mortgages are very difficult to close, The equity in the property was sufficient to allow for out lender to go to a 70% Loan to value, without having to pay off the first position real estate lender.
$2,350,000 Foreclosure saving Bridge loan for Houston Texas area land owner - Our Texas focused land lender was able to bring a commitment letter for $2.3mm to save the property from foreclosure! This loan was secured even with the borrower currently in bankruptcy! The equity in his land provided the collateral needed to get the loan done. Land loans are challenging, fortunately a strong bridge lender I have closed prior Texas deals with was able to provide the funding needed.
Working capital loan for Florida dentist - A Miami area dentist looking to open a second office received a working capital line for construction of a second office. This request was funded within 72 hours of receiving the borrowers application.
$550,000 Fix and Flip loan in Chicago - The quickest closing I have ever been part of, a fantastic Chicago based lender provide a $300,000 cash out and a $250,000 rehab loan on a Chicago 4 unit. From the time of the first meeting to closing = 10 business days! The client was very organized, had all required docs ready to go for underwriting, and the lender executed seamlessly.
Asset Based Loan closing
$700,000 Line of credit backed by receivables - Louisiana client with significant credit challenges and high MCA balances was able to secure much need funding to pay off their high interest debt at a much lower cost of capital and get their companies finances pointed in the right direction to start the new year. We worked with the client to leverage their account receivables into the liquidity needed to turn their business around. Since the funding, the company has had much better cash flow.