I need a $2.0M commercial, industrial real estate loan, against a $2.53M appraised building in TN. Standard loan with 1st lien. Appraisal, title work, etc is complete. Ready for quick close. Have to close by September 17. Interest rate flexible, but seeking amortization that keeps monthly payment down. OK with 2 year maturity /balloon. I have a reliable 3rd party CDFI processing company that can do NMTC or just help with paperwork as needed (if a private lender).
Send DM if this is for you.
I will Personally Guarantee the loan, any new equipment purchases for the OpCos, and run the operating companies, which are poised for rapid turn around. Other sweeteners available.
If you can make this loan happen on time, 19% equity is yours. Stock will have an immediate value of $100k. It will be C Corps stock, QSBS, that will own the merged OpCos and the real estate. I believe that a single High Net Worth Individual is the best option.
References available on myself and deal.
This loan will be used as part of a merger and consolidate debt of the metal working companies involved. The 2022 and 2023 financials do not check the box for lenders concerned with "Primary Source Repayer". I'm told by the leading bank (that commissioned the appraisal) that no amount of consigners will change this.
No SBA. I have a broker helping. I'm concurrently exploring ABL and local options. Posting here because of the depth and reach of this community, and my other bank options are too slow for me now.
If you're a bank and want this deal, I will share data room or upload docs to you upon DM request. In lieu of equity, I can add deposits, including some amount of at risk deposits/CDs, consigners, etc. Or lower LTV.
Get me a loan, get 19% of Deal
by a searcher from Texas A&M University
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