Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

51
Posts
11
Votes
Chad Trail
  • Investor
  • Waco, TX
11
Votes |
51
Posts

Private/Hard money for biz acquisition w/RE

Chad Trail
  • Investor
  • Waco, TX
Posted

I’m trying to buy a high cash flowing business that has not been effected by COVID. Real estate is valued at about $1M and business is worth about $700k. Cash flowing $300k/yr, even in 2020.

I have had 3 banks turn me down for a 7a loan because I also own a restaurant. Most banks now don’t want any involvement in any way with restaurants. Despite the fact that mine is doing fairly well, 83-88% of Q1 revenue.

Is there a private or hard money lender that will do a loan on the real estate with $100k down. The seller will finance the remainder.

Loading replies...