Seeking non recourse conventional debt. I’m

searcher profile

December 21, 2023

by a searcher in New York, NY, USA

Seeking non recourse conventional debt.

Looking to refi 5-7 million of existing pg debt

Less than 2x ebitda

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I would concur with Roger. We are a Commercial Loan Brokerage shop and I can tell you for deals of that size it is rare you are going to see a deal with no PG. In order to get something done with no PG you are likely looking at a really low LTV based on hard collateral (likely 50% or less) and DSCR of 2.00x or higher. Then you might have shot.
commentor profile
Reply by a searcher
from Carleton University in Calgary, AB, Canada
Feel free to email me redacted and I may be able to help. But, it depends on historical financials, industry, etc.
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