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Jstarr
Jstarr
Member
Last Activity: 09-12-2019, 09:11 PM
Joined: 04-19-2017
Location: Boca Raton, Fl
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  • Jstarr
    replied to Gas station
    regarding the real estate: It's difficult because of the environmental issues, if a phase 2 is needed, it could be costly for the borrower - We've done them in the past and the risk outweighs the reward.
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  • Jstarr
    replied to Liquor License collateral financing
    It depends on the type of license, and location, ill explain the licenses.

    4COP-SRX means “Restaurants Selling Beer, Wine, and Spirits”. Restaurants meeting certain criteria can qualify for a “4COP-SRX” license, which allows the licensee to sell beer, wine, and spirits for consumption on-premises only and in connection with a bona-fide restaurant. There is no limit to the number of 4COP-SRX licenses that a state will issue and are usually $1200. - This license requires you to sell food.


    4COP-QUOTA means “Beer, Wine, and Sprits for Consumption On-Premises”. This license type is typically held by bars, nightclubs, taverns, or other establishments that do not meet the 4COP-SRX restaurant license requirements. Unlike the licenses described above, the number of 4COP licenses is determined by a population-based quota system. Avg between $60,000 to $150,000 depending on area- This license doesn't require you to sell food.


    2COP means “Beer...
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  • Jstarr
    replied to 300k against commercial property
    what was the purchase price and value fo the Rea Estate only? please provide more information,

    Is it a Strip center, MF, Industrial etc...
    What is the debt?
    Borrower experience? does he own other property?...
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