How to raise capital for a $15M-$20M deal?
I'm pursing a $2.5M EBITDA deal. The purchase price will end up being in the $18M range including $6M-$7M in real estate. The seller's note will be around 10%. I would like to keep the equity raise in the $4M-$5M range.
I am aware that some SBA lenders will do pari passes. Will these lenders go up to $11M-$13M in total loan value?
If not, what are some other options that allow me to retain the most equity and avoid IRR hurdles?