After 7 months and 3 LOIs slipping through the cracks (Coronavirus!), my fund has successfully secured an exclusive LOI on a very profitable business. The deal falls under construction and my lender of choice doesn't specialize in this category so it looks like I may need to seek financing elsewhere. I have a very flexible investment team and a seller who has already committed to a 23.5% sellers note. We are only looking for non-SBA loans at the present time, so if anyone has any recommendations I would love to chat.
Thanks in advance