Anyone know this kind of lender?
May 10, 2022
by a searcher in Cleveland, OH, USA
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!
from University of Kent at Canterbury in Canterbury, UK
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
from Nova Southeastern University in Miami, FL, USA