$500K-$700K of Mezzanine Debt

searcher profile

August 12, 2024

by a searcher in New York, NY, USA

I have a Commercial Services business under LOI (~$1.5M in EBITDA) with the deal currently being financed by a combination of Seller Note and Investor Equity (i.e., no SBA). Are there any lenders that would look at providing $500K-$700K of Mezzanine Financing that sits under the Seller Note? Terms are flexible. Please comment if you'd like me to reach out.

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
When you say under the seller note, do you mean the lender would have the first lien on the business assets or the seller note would have the first lien?
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Reply by a lender
from Washington and Lee University in Washington, DC, USA
Normally the seller note is subordinated to the lender’s note, the lender’s note is normally the largest tranche of financing.
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