The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

My wife and I are looking to buy a lake resort if we can make the financing work.

What we are looking at has all the equipment and personel in place to start and the owner is willing to help train. Depending on the business and location do you still need to have as much for the down payment if there is enough in the business for the collateral?

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (7)
No User Photo

We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539
email: info@interventionmortgagefirm.com
web: http://www.interventionmortgagefirm.com/

Jun 6, 2017
No User Photo
Biz2Credit LLC
New York County, NY

Arnie,

Biz2Credit (www.biz2credit.com) helps funds a large no. of business acquisition deals. In your case we can structure the deal into two separate parts - one being equipment financing and other for business acquistion and working capital. The key question is does the business have enough collateral coverage and cash flow to service the debt. If yes then business collateral is sufficient.

In order to recue the down payment to 10%, you can arrange for a seller note. Register for free on Biz2Credit.com and chose the case manager option to walk you through the whole process.

Aug 15, 2010
No User Photo
Corporate Financiers
President

Arnie,

Unfortunately, banks will lend the lesser or: 1) purchase price and 2) value. Despite having enough in collateral, it will be based upon purchase price. There are ways to structure that may help reduce your down payment. As a prior banker at Merrill Lynch, I am familiar with structuring deals. I have first hand experience in real estate transactions as I was a lender to REITS, developers, hotels, etc. I now arrange financing for small and mid-size businesses - there is no cost to the borrower as I get paid a referral fee from lenders. If you would like to talk about this transaction give me a call. Absolutely no obligation. Todd 312-488-3505. I can provide references if you'd like.

Aug 15, 2010
No User Photo
Ghost Lake Lodge
Resort with Lodge and Cabins for Sale

Please look at our Lodge and cabins with owner's home on an undeveloped lake and surrounded by national forest outside Hayward, WI. Some owner financing is available. ghostlakelodge@earthlink.net

Aug 14, 2010
No User Photo

We have a nice lodge and 6 cabins on a Wisconsin chain of lakes. Possible terms with adequate working capital. I am not a broker.

nollandassoc@hotmail.com

Jul 20, 2010
Billy Graham
Graham Inc.
President
King County, WA

I have a shop next to a very successful Ski Area on a major highway that also is to the eatrence to a National Park. This business is very successful in a historical small town. if interested email me - billygraham75@gmail.com

Jul 19, 2010
No User Photo
Biz2Credit LLC
New York County, NY

Arnie,

We at Biz2Credit (www.biz2credit.com) can help you to get acquistion financing. We have over 100 lenders offering 150 plus financing products. Register for free and take the case manager help to walk you through the process. You can also call us at 2126444555 Ext 103.

Jul 19, 2010

Start a Discussion