Puerto Rico Collateral Lender?

[Fundgenie]

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?

[GulfCoastFunding]

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.

[lloydmpfunding]

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

[Jstarr]

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

[fcfinancial]

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

[Fundgenie]

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