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  • Puerto Rico Collateral Lender?

    I have a client from Puerto Rico who is looking for $200,000. She has 700 credit, does $60,000-$100,000 a month, and currently has 1 advance that's pretty low. She wants $200,000 for renovations and is willing to use her property as collateral which she has $385k equity in. Anyone know a firm who can tackle this and is able to use commercial real estate from Puerto Rico as collateral?

  • #2
    Contact me: 361-717-1477; matt@ironwoodfinance.com I just funded a client in PR for 12K and it was an area hit by the hurricane. As long as we can secure this advance with their A/R or collateral we may be able to work out a deal. It might be hard to use their property because I don't know a lender who would assume the risk of that.

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    • #3
      I can get you up to $2MM if the numbers are right.

      Keith Lloyd
      P- 773-830-4629
      F- 773-341-7493

      Mom & Pop Merchant Solutions
      Mom & Pop Business Funding
      www.mpbusinessfunding.com
      lloydmpfunding@gmail.com
      Last edited by lloydmpfunding; 03-01-2019, 11:34 AM.

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      • #4
        Well, $385K in equity, does she have any debt on the property? ( 1st position conventional) What is the property type and value?


        Click image for larger version  Name:	Hard Money Loans copy copy.jpg Views:	7 Size:	776.1 KB ID:	12060
        Jerry Starr
        Insource Funding
        433 Plaza Real, Ste 275 Boca Raton, Fl 33432
        P: 800-805-3391 || Fx: 561-270-6895
        Jerry@insourcefunding.net || insourcefunding.net

        WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

        New to Debanked, Check out my DF profile.
        http://dailyfunder.com/

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        • #5
          Originally posted by Fundgenie View Post
          I have a client from Puerto Rico who is looking for $200,000. She has 700 credit, does $60,000-$100,000 a month, and currently has 1 advance that's pretty low. She wants $200,000 for renovations and is willing to use her property as collateral which she has $385k equity in. Anyone know a firm who can tackle this and is able to use commercial real estate from Puerto Rico as collateral?
          Elgin is in PR - he may be able to assist you:

          E. Cepeda
          Managing Partner
          Pacific West Group
          Phone (786) 296-0558
          Email: ecepeda@pacificwest.com
          Dave Lambert
          FC Financial LLC
          1-727-291-7890(Leave Message or Text)
          Office: 1-727-233-1111
          dave@fcbankcard.com
          Skype: fc-financial

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          • #6
            Its a commercial property for a pharmacy she owns. Only 1 mortgage on the property. It's valued I believe between 500-600k.

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