Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Creative Real Estate Financing
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 about 8 years ago on . Most recent reply

User Stats

53
Posts
5
Votes
Kyle Davis
  • Appraiser
  • Ottertail, MN
5
Votes |
53
Posts

Loans for a brewery buy-out

Kyle Davis
  • Appraiser
  • Ottertail, MN
Posted

Hello there BP fans.  I have a question I'm trying to figure out and can't quite wrap my brain around how to accomplish what I need.  I have been approached by a friend who owns a brewery.  His current partners want to get bought out to invest in other things.  My friend approached me to see if I wanted to buy them out.  I think the buyout amount will be around 120-160k, and then I will have to assume the current debt on the business along with my friend. I have about 60k cash that I could put down, but how does a person get a loan for the remaining balance?  What kind of collateral is used if there is already a mortgage on the building and all brewery equipment?  FYI the brewery is kicking butt, so it's not a suffering business or anything like that.

Loading replies...