My name is John Galloway.
I have a bachelors of science degree in Business Administration with a background in the construction, trucking and oilfield industries.
I’m seeking a hard money loan for the purchase of 3 separate investments under a single loan.
The loan amount is $11,350,000.
The reason for the umbrella loan is to provide exceptional collateral for the purchase of proven cash flow.
The collateral is a ranch in Evergreen Colorado. The ranch is 456 acres, already approved for subdividing into 25, 5 acre lots.
Bare land in the Evergreen area sells for an average price of $139,000/ acre. Using this as a basis the subdivided 5 acre lots are worth $695,000 each (5 x $139,000 = $695,000). 25 lots at this price gives the property a value of $17,405,000. The $11,405,000 loan is 65% of the ranch value.
The proven cash flow is from a successful trucking company based in Texas.
The company provides oilfield support services including water hauling for fracing operations. The company has been in operation since 2012 with several Master Service Agreements in place.
The purchase price is $4,500,000 and includes assets of $3,500,000 in equipment and $150,000 in real estate. The company has a EBITA of $1,319,000.
The third investment is a single family residence that is also in Evergreen Colorado. The intent is to do an update and remodel so it can be marketed as an Air BnB purchase. Air BnB’s in Evergreen are very popular and most are scheduled out until January. This property will have revenue at around $90,000 per year.
To summarize the loan amount, collateral and use of funds.
Trucking company equipment $3,500,000
Trucking company real estate $150,000
Air BnB. $500,000
Total collateral $21,525,000
Loan amount. $11,350,000. 53% of collateral value
Use of funds:
Ranch purchase. $5,500,000
Trucking company. $4,500,000
Air BnB. $800,000
Operating capital $550,000
The lender would have first position on all assets
Assume an 8% loan, principal and interest. 30 year amortization with a balloon at lenders discretion.
$83,382 per month = $1,000,584 per year
Income from trucking company $1,319,000
Income from Air BnB. $90,000
After loan servicing there will be a positive balance of $408,416 per year after loan service.
The benefits of this loan is that I have an education in business and experience in all The fields required to make this venture profitable. The loan will be serviced by cash flow from an existing successful business. And finally the loan has sufficient collateral that any potential loan is fully collateralized.
If you have additional questions please email me at firstname.lastname@example.org
Thank you, I look forward to working with you.
Let us review your proposal carefully..we may help you...... send complete details on email@example.com
Do you offer personal unsecured loan?
Email to: firstname.lastname@example.org
We are very experienced developers and investors. Please forward application and underwriting criteria and procedures to email@example.com. 678.596.2711. Thank you.
What type of loans do you offer,and are your 100% no fees? my email is firstname.lastname@example.org
My email is email@example.com if I could have your maximum amounts,terms,duration and application I would appreciate it,and all that’s required
You told me there was a fee for the loan by firstname.lastname@example.org
So there is fees with these loan ?