Buy an HVAC Business Acquisition with an SBA 7a loan I’ve worked in the HVAC industry as a lead installer for years. I found a local company whose owner wants to retire and sell the business. The business is strong and has been well established for 15 years. The owner said he’d carry about 5 percent, …
Hey Beau, I am buying single family homes and townhomes, rehabbing them, and then furnishing them. I rent as midterm rentals–30 days and longer, mostly to traveling nurses. Looking to add a few more properties. Any tips on financing with DSCR loans? Thanks, Jasmine
...Concrete Company Acquisition Financing with the SBA 7a Program {Expansion Financing} I own a concrete company. We have been in business for 8 years. My competitor is retiring and would like to sell his business to me for $2.2 million. I am looking for guidance on how to structure my offer and financing for the …
Multifamily Bridge to Bridge Financing We acquired a 24-unit multifamily property with bridge debt. The project is taking longer than expected. We are 80% occupied and need a little more cash to get this fully stabilized. Below are the numbers. Any suggestions would be greatly appreciated. 1. Purchased for $1.495 million 2. Renovations to date: …
Hard Money Loan Coming Due on a Flip Hey Beau, I have had my property on the market, but it is not selling. I have a hard money loan coming due but don’t want to firesale my property. I do have a good amount of equity. Any tips on getting a temporary loan? Regards, Fitz
...Structuring a Hard Money loan with a Money Partner I am buying a fix and flip and I have an investor lined up to put up the down payment and gap financing. How do we structure this, so he does not have to go on the loan? Thanks, Sonny
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