Funding needed to purchase Horse Boarding Business

[Ann O'Rourke]

My client is looking for funding to buy a Horse Boarding Business in Massachusetts. Also house on premises. This business can generate 144k per year 25 stalls at $500.00 per month. Room for expansion for other activities. Appraised for $425k-$430. Need hard money 2-3 years term 11% and 3 points. If you can fund this deal please call 603-401-5416. Please only contact if your hard money and can truly finance this deal. I would prefer if you would provide your phone number.

Thank you

[Ron Coleman]

Ann,

MICRO LOAN PROGRAM - $100K-$900K

To start we need a mutual NDA completed, executed and returned by all parties to the project.  Additionally, once we know the sector of the funding request i.e. Energy, Technology, Mining, Real Estate or Business we will provide a questionnaire that must be answered in detail and return which helps to access risk factors and determine our interest.   We are fully transparent and provide all the information for principal to make an intelligent decision on doing business with us.  If the project has merit with strong principals, a very good plan, the principal has enough liquidity to support their project and are honest and cooperative we have an interest and can normally get them through our in-house underwriting to funding.

 

Required Documentation: (for submission)

The following documents will be necessary to successfully underwrite and fund your project:

• Business Plan or Executive Summary with actual or proforma income statements 3 -5 years
• Balance Sheet/Financial Statement/Cash Flow/P & L with YTD less than 90 days old (if applicable)
• Copy of Appraisal or other valuation (if available)
• Expanded Resumes of all principals
• Line Item Detailed Use of Funds for short-term and long-term projections
• Proof of funds spent to date in the project and 2 month bank statements showing reserves

 We will need you to show proof of funds invested to date in the project (if applicable), liquidity (cash in hand) to pay for third party expenses which includes an application and due diligence and engagement charge.  This is not upfront but after they receive an expression of interest in writing from the lender and after a call and information provided on the lender for their due diligence. 

 

Client will need minimum of 680-720 credit score.  Our LTV is 80% - 90%; Terms are 5, 7, 10, 15 or 20 years; Interest is bank rate or better (we are not a hard money lender).  Normal timeline to close is 30-45 days but is client dependent.

 

(The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):

 “If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.”   I have 27 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.

 

Ron Coleman

NEPCO, INC - GLOBAL CONSORTIUM - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS

770-572-7765        [e-mail]  nepcoinc1 -Skype

 

[Ron Coleman]

Yes this project if still available is something we would have interest in:

Ron Coleman

NEPCO, INC - GLOBAL CONSORTIUM - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS

[e-mail]  770-572-7765; nepcoinc1 -Skype

[Felix Lopez]

My  name is Felix and I am a Finance Specialist. We can help you.

Call my partner Courtney Lawrence and she will talk to you about  the kinds of funds we provide. Also go to our website. For any questions please  to hesitate to reach us.

 

Felix And Courtney Lawrence:

Phone:  [phone] | Fax:   (949)  309-2731

Email: [e-mail]

Website: www.financeneeds.com/7397