LMCU is proud to provide financing to The Club on Pine Island, a 195-unit apartment community in Cape Coral, FL. The pet friendly, luxury property offers extensive amenities and multiple floorplans for all ages. "This is our second commercial real estate loan with LMCU. They excel at CRE lending. They offer the funding and terms we need to complete our projects on time so we can begin leasing on schedule.” - Larry Nygard, CEO Crown Development Call Mike Kozak at (239) 314-0533 to see how we can help your business grow too. The Club on Pine Island is an LMCU member and was not compensated for their endorsement.
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Let's get that funding and financing sorted it out, shall we? If you have a certain amount of capital set aside and You have an investment strategy in mind as well as A game plan for how you will execute and You are getting leads from realtors, wholesalers and other investors and You may even have experience with a property or two however, You want to take your real estate investing business to the next level. Going from 0, 1, 2, or 3 properties a year Up to maybe 4, 6, 10 or more a year How might that look for you? If you're more ambitious and you want to do 10, 20 or more in a year, here's the truth that most real estate people are not telling you... You will need to get the financing, funding and capital aspects of the business sorted out. A key part of that is going to be private capital and or private equity then Figuring out how to leverage that more efficiently in today's market. Now, I know I can't help you with all of it but I can certainly level with you and assist with some strategizing along with the real estate financing part: Short Term Funding - Bridge Loans - Traditional Investor Financing - Non-Qualified Mortgages - Vacation Rental Financing - DSCR Loans - Business Credit Plug in. Let's get that phone call, web chat, or coffee appointment on the calendar. Luther Wilson III
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How can non-citizens leverage SBA to buy a US based business? The SBA programs allows up to 49% of the ownership to be held by a non-citizen. 51% of the ownership has to be owned by a US citizen or permanent resident. The non-citizen can partner with a US citizen to acquire a business. In an ideal scenario, the non-citizen should have experience in the industry, have captial, and be of good character. Its my understanding that non- citizens who make an investment in a US based business have a pathway to permanent residency. I recently chatted with an immigration attorney on this topic and I learned a lot. I had watched Acquiring Minds with a self-funded searcher who was based in Canada although he had ties to the US. He bought a profitable furniture company based in Canada but they shipped furniture to the US. This got me to thinking that if he had the opportunity to partner with a US citizen, he could potentially acquire similar companies based in the US with an SBA loan. If this is something you want to learn more about message me. Gulf Coast Small Business Lending
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3 things you need to know about applying for SBA loans: 1) Talk to multiple lenders. If the first place turns you down, don't lose faith. Tap into your grit and keep at it! Reach out to 4-5 different institutions minimum. Every bank has strengths and weaknesses in different industries. This means they have different risk tolerances. Find the lender that aligns with you. 2) You don't have to have all of the 10% down payment yourself. You can bring in investors as long as they do not own more than 20% of the business. This gives you a lot of room to create different deals. There are soooo many ways you can structure the deal. 3) Invest time in the Financial Due Diligence before you apply. This will save everyone time. Know the cash flow, understand the operating capital, plot out the revenue cycle over a year, create working projections that show how the business can be profitable AND service the debt. Bonus - Many owners will carry a portion of the note. This will usually increase the amount the seller gets to keep. and will still reduce the total amount you have to pay for business if the bank holds the entire note. Happy business hunting!
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If you are looking to expand your business, it is important to have the proper funding in place. Expanding your business can be an exciting and profitable venture, but it also comes with its own set of challenges. Here are some tips for expanding your business with the proper funding: 1. Create a solid business plan: Before seeking funding, it is important to have a solid business plan in place. This will outline your goals, strategies, and financial projections for the expansion. A well-written business plan will help lenders and investors understand your vision and the potential for growth. 2. Explore different funding options: There are many different funding options available for businesses looking to expand. These include bank loans, small business loans, venture capital, angel investors, crowdfunding, and more. Research each option and determine which one is best for your business. 3. Build a strong financial history: Lenders and investors will want to see a strong financial history before providing funding for your expansion. This includes a good credit score, positive cash flow, and a history of profitability. Make sure your financial records are in order and be prepared to provide them to potential funders. 4. Network and build relationships: Networking is essential for any business, especially when looking for funding. Attend industry events, join business organizations, and reach out to potential investors. Building relationships with other business owners and investors can lead to valuable connections and potential funding opportunities. 5. Be prepared to invest your own money: Many lenders and investors will want to see that you are also investing your own money into the expansion. This shows your commitment and belief in the success of your business. Be prepared to contribute a portion of the funding yourself. 6. Demonstrate a clear return on investment: Lenders and investors want to see a clear return on their investment. Be prepared to present detailed financial projections and a solid plan for how the expansion will generate revenue and profits. 7. Be open to feedback and advice: When seeking funding, be open to feedback and advice from potential lenders and investors. They may have valuable insights and suggestions for how to make your expansion more successful. Be willing to listen and make adjustments to your plan if necessary. Expanding your business can be a challenging and exciting process. By following these tips and securing the proper funding, you can set your business up for success and achieve your expansion goals. Check us out at quinnsfundingsolutions.com
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Built a Medical Device Company in my 20's. Now Building a Portfolio of Cash Flowing Businesses | Writing a Business Newsletter Every Friday 🔑
Buying businesses are becoming very attractive, so let's buy one down here 👇🏽 Buy a service business doing $1,000,000 of net profit Purchase price 3x multiple: $3,000,000 Down Payment 10%, $300,000 Loan amount : 2,700,000 SBA Loans over a 10 year period. Principle payment $270,000 per year Interest 10% : $270,000 Total carried principle and interest: $540,000 a year. $1,000,000 Profit - $540,000 = $460,000 of profit. Your $300,000 returned $460,000 of profit on year 1 if you don't grow or lose any business. There's a ton of opportunities in 2024 to capitalize on this. If you enjoyed this content follow Sam Mahmood for more in the future 🔑
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🚀 Need funds fast? #BusinessGrowth just got easier with HomeSec! ✨ 🏃♂️💼 Applying for a business loan has never been simpler or quicker! Get secured #BusinessLoans from $20k to $2mil in 24 hours – without the hassle of financials or valuations. 👉 APPLY NOW and enjoy up to 6 months of No Payments! 📞 Got questions? Call us at 03 9017 6611 🌐 For more information, visit www.HomeSec.com.au #FastFinance #Entrepreneurship #NoMoreWaiting #HomeSecBusinessFinance #ApplyToday 📲🔐
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Negotiating with a Titan: Mark Bouris's Encounter with Kerry Packer The art of securing funding is often as much about the person you're negotiating with as it is about the business itself. This was particularly true for Mark Bouris in the late 90s when he sought a capital injection of $25 million from Kerry Packer, one of the most formidable businessmen of his time, for Wizard Home Loans. The culmination of this high-stakes negotiation was a face-to-face meeting in Packer's office, following months of rigorous due diligence by Packer's GE Capital. The atmosphere of the meeting was set to be intense. Bouris entered the room, a maelstrom of nerves, to find Packer seated behind a long leather table, exuding an air of command even in the seemingly small details, like smoking in a non-smoking building. The initial moments were marked by a palpable tension. Packer, known as 'Kez' in business circles, made a show of power and intimidation, silently staring at Bouris while casually blowing smoke in his face. This silent assessment lasted an excruciating minute before Packer posed a seemingly simple yet profound question: “Before I give you money, I want you to answer one question… What business are you in?” Bouris, already on edge, was taken aback. He started to explain the obvious — that he was in the home loan business. But Packer swiftly interrupted him, imparting a crucial business lesson. He told Bouris, “Son, stop… listen here. You are in the business of Hopes and Dreams… the only thing you can control is the emotion your product or service preys off, never ever forget it.” This interaction between Bouris and Packer wasn't just about securing funding; it was a masterclass in understanding the deeper essence of what a business represents. Packer's insight into the emotional core of Bouris’s business – the hopes and dreams of its customers – was a powerful reminder of what truly drives business success. It was an invaluable lesson from a titan of industry, emphasizing the importance of recognizing and harnessing the emotional impact of a product or service.
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If you are looking to expand your business, it is important to have the proper funding in place. Expanding your business can be an exciting and profitable venture, but it also comes with its own set of challenges. Here are some tips for expanding your business with the proper funding: 1. Create a solid business plan: Before seeking funding, it is important to have a solid business plan in place. This will outline your goals, strategies, and financial projections for the expansion. A well-written business plan will help lenders and investors understand your vision and the potential for growth. 2. Explore different funding options: There are many different funding options available for businesses looking to expand. These include bank loans, small business loans, venture capital, angel investors, crowdfunding, and more. Research each option and determine which one is best for your business. 3. Build a strong financial history: Lenders and investors will want to see a strong financial history before providing funding for your expansion. This includes a good credit score, positive cash flow, and a history of profitability. Make sure your financial records are in order and be prepared to provide them to potential funders. 4. Network and build relationships: Networking is essential for any business, especially when looking for funding. Attend industry events, join business organizations, and reach out to potential investors. Building relationships with other business owners and investors can lead to valuable connections and potential funding opportunities. 5. Be prepared to invest your own money: Many lenders and investors will want to see that you are also investing your own money into the expansion. This shows your commitment and belief in the success of your business. Be prepared to contribute a portion of the funding yourself. 6. Demonstrate a clear return on investment: Lenders and investors want to see a clear return on their investment. Be prepared to present detailed financial projections and a solid plan for how the expansion will generate revenue and profits. 7. Be open to feedback and advice: When seeking funding, be open to feedback and advice from potential lenders and investors. They may have valuable insights and suggestions for how to make your expansion more successful. Be willing to listen and make adjustments to your plan if necessary. Expanding your business can be a challenging and exciting process. By following these tips and securing the proper funding, you can set your business up for success and achieve your expansion goals.
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Finding emails of business owners in your area: Did you know that you can extract data from various social media platforms for different business categories and locations? Here's a search I conducted for "roofing" in "Louisville, Ky." When I open the platform dropdown menu, I can select from a wide range of platforms including Facebook, Instagram, Yelp, YouTube, and more. From this point, you could reach out to them for several reasons: Business Credit Card Business Term Loans Business Real Estate Financing SBA Loans
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Founder @ Spz | Marketing, Advertising, Sales Operations
3moThank you for the Post Steve! I am on day #2 on LinkedIn! That is real close to were I live. I am looking forward to connecting with Mike Kozak and Larry Nygard in near future for my brands! Hope u have a wonderful day!