Need help! Need hard money loan for business + RE deal cash cow assisted living home!

[Keegan Schaub]

I am acquiring an assisted living home (RE+business).

RE appraised for $1,320,000

Business for $80k.

I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.

I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan. Banks are requiring I own the business for 90 days before getting a business loan. Therefore I need to close the deal, then own the business for 90 days to secure long term financing.

The home is currently cashflowing ~$10k/mo. 

I’m free all day today to talk on phone. Currently under contract and have 2 weeks to get the business financed.