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PROJECT-LOCATION |
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$750,000 Debt consolidation loan Problem: This
Funeral Director was in foreclosure on existing financing due to
changes in City and
Unable to sustain mortgage payments for lack of cash flow and
reserves, payments on the mortgage was suspended allowing the loan
to default. The defaulted lender filed foreclosure to protect their
interest. What we did: Secured a 50% LTV loan for $750,000 to pay off foreclosing bank loan, inventory debt, back property taxes and provided working capital for reserve and needed improvements. |
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PROJECT-LOCATION |
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Problem: Funeral home and Cemetery in foreclosure. IRS levied operating
account for failure to pay income and employment taxes. Funeral
director was unable to make satisfactory pay on existing loan as a
result. As, Funeral director also needed capital for cemetery
improvements which compounded the problem. What we did: Secured a first mortgage for $2.2 million. Negotiated reduced pay
off with IRS, bank and suppliers and created a reserve for repairs
to the Cemetery. |
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PROJECT-LOCATION |
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Problem: Funeral director lost a major lawsuit and Plaintiff was
awarded a substantial judgment which its collection would
disrupt business cash flow. Jeopardizing the funeral homes
ability to efficiently perform services. What we did: Secured a $1.6 million first mortgage,
paid off existing loan and retired the judgment. |
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PROJECT-LOCATION |
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Problem: Funeral home
‘s first and second mortgage notes became due and payable
in full. Funeral director was unable to locate refinancing
in the amount of the balance on the existing loans. Being
short on available capital
he was unable to pay the shortage on the loans
offered as refinance by other institutions. What we did: Secured a loan for $1.5 million and consolidated existing
mortgages and loan on Funeral cars. |
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| Funeral-home-financing.com understands that each individual has a specific set of needs. We look at each transaction independently and try to help tailor the loan parameters to meet the needs of the borrower. Our knowledge and experience in finding creative funding solutions allows Funeral-home-financing.com to provide the money services borrowers need with lightning speed. Whether you're in need of financing for construction, acquisition, refinance, cash out or a distressed situation, we can help. |