$665,000 DayCare Purchase

Posted by in Commercial Real Estate, Recent Closings

Where: South Carolina

Type: This deal came to me because there was a significant amount of business only value in this purchase and the other lender wanted them to put up additioanal collateral including their parent’s property.  But the deal was strong enough to stand on it’s own.  We got it done and there was no extra collateral needed.  In today’s regulatory environmnent, many banks will only lend if there is 100% collateral.  But we can do business only transactions without the collateral, we have even done restaurant start-ups with no collateral.  To get the best financing options from around the country for your particular situation, give Brian a call today at 866-355-1244.