Upstate NY - Looking for M&A attorney, asset based lenders

July 08, 2021

by a searcher from Michigan Technological University in Green Bay, WI, USA

Currently negotiating an asset purchase agreement. Initial agreement written - looking for NY attorney to review final version.

Also, approximately $6M in equipment assets - final appraisal upcoming plus approx. $1M in finished goods inventory and $3M real estate. Looking for asset based lenders to cover current seller debt of $3.5M and options for commercial real estate sale/lease back or conventional loan.

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Hello Steve. We are a commercial loan brokerage shop with over 350 funding partners we work with, which includes Banks and credit unions throughout the country including New York. Depending on the deal size and structure, this should be something we would have multiple lending partners for. If you would like to discuss feel free to reach out to me at redacted Thank you and good luck!

Reply by a lender
from The University of Chicago in Schaumburg, IL, USA

Steve: Depending upon the situation, Byline Bank can lend on either an asset based or cash flow basis. We could not help out with a sale -and-leaseback of the RE but could lend against the RE as part of the overall credit package. DM, redacted or###-###-#### . Thanks and good luck with it!

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