Hi! I'm doing a funeral home roll-up & came across my first deal. It's being structured 60/40, meaning 60% is financed in the form of a 1st position bank note, and the remaining 40% is a seller note being put on hold for the duration of the first position note.
Does anybody know of a lender that accepts seller equity as my equity in the deal? Many lenders have expressed concern that I have "no skin in the game," but I think that's a poor objection. Let me know if you all know anybody. Thanks!
Anyone know this kind of lender?
by a searcher
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
i’m in the process of setting up my business with the goal of doing a roll up in the UK in funeral homes. I will start speaking to banks in the coming weeks. I have been told that some will accept sellers equity and yours, but will soon find out
nick