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Updated over 1 year ago on . Most recent reply
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Hard Money Lender - Commercial
I am looking for information on a hard money lender for a commercial building. I'm a Subway franchisee with 24 restaurants. I'm purchasing an additional unit in Western PA that includes the real estate. I have the franchise funding down, but am looking at options on the commercial space. It's a stand-alone building that is designed for a drive-thru (I just need to add a couple pieces of equipment to make it so), about 2,000 square feet.
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Quote from @Scott Wolf:
Quote from @Cory St. Esprit:
I am looking for information on a hard money lender for a commercial building. I'm a Subway franchisee with 24 restaurants. I'm purchasing an additional unit in Western PA that includes the real estate. I have the franchise funding down, but am looking at options on the commercial space. It's a stand-alone building that is designed for a drive-thru (I just need to add a couple pieces of equipment to make it so), about 2,000 square feet.
Lots of options. Some SBA lenders will do both real estate and the business combined. Shoot me a message and I can assist.
SBA can't do the add backs we need, since the Seller ran so much person through the business. Both PNC and Huntington denied it (both banks I have great relationships with)