I have a principal group looking for a loan for $25.5M to secure two cash producing portfolios in NJ and OH. My principal buyers will put down 20% cash and a 5% reserves for working capital. 2.4 debt ratio on NJ. 1.8 to 2.0 debt ratio on OH.
My principal buyers will like to close within 60 days or less.
Buyers Notes:
1. No fees before close. 2. Lend on Strength of deal and cash flow 3. No personal guarantee 4. lowest interest possible 5. 2 points or less 6. Possible deferment
7. Need your full name, email, and website/phone# for DD
I will need a NCNDA signed and brokers fee agreement signed by your company to move forward with full packages and contact information.