Funded a $250,000 refinance to payout 2 leases at another lender and provide additional working capital for growth.
No appraisal required. Better terms, better rates, substantially less security and a 60-month term on the 4 used assets taken of varying ages. Thus, it accomplished all the client wanted plus released a number of assets previously held by the other funder and no appraisal costs which so many lenders request on a restructure. A win-win for the client.
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