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Would financing a deal like this be completely out of the question in today's market?

I'd like to purchase a free-standing auto lube and carwash business. The property itself has been appraised at just over 2 million, the revenue is about 950,000k and the cash flow is about 500,000k. The asking price is 2.5 million including about 750,000k in inventory and FF&E. I can put down about 10%, and the owner is willing to put in 10% - would it be crazy to think a bank or third party lender would finance this? I have 800 credit, no other debit other than my mortgage, and extensive operations experience. Thank you

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Answers (5)
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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.

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Thank you.

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

Jun 6, 2017
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Hello!

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

Jun 1, 2017
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Biz2Credit LLC
New York County, NY

Jeff,

Since the deal involves property and assuming it has been in existence for more than 2 years, you can qualify for USd2 million under SBA 7 ( a) program.

Biz2Credit have over 75 banks and 130 products to match your varied business credit needs across the country. You can fill out a free loan application on www.biz2credit.com and see your options and decide to work with lenders either on your own or through a dedicated case manager from Biz2Credit at a low monthly cost. Once you get matched with a lender, you can use the document management system to upload and maintain all the documents , share it with lenders and other partners you work with. Also being a registered member helps you to get free updates on new lenders ,lending product and tools to build and manage your business credit from our partner, Dun & Bradstreet.

Apr 2, 2010
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I think you got a real shot at it. depends on the lender and their criteria. You are way better than some of the questions I see here where they have no money, no experience, no credit and no chance.. btw, it is also my understanding that credit scores mean less now than they did before (up to a certain point or DOWN to a certain point to be more correct.) It's all about equity and financials and what you have in those respects.

Apr 1, 2010
Buy-a- Company

Not out of the question, but you may have to work to get a deal like this financed. When was the property appraisal done? Time is of the essence, as commercial real estate is tanking, and financing is drying up.

Is there a mortgage currently in place on the property? What is the balance?

Apr 1, 2010

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