RADIX FINANCIAL
  • Home
  • Financing
    • Working Capital, Debt Refi and Consolidation
    • Commercial Real Estate
    • Equipment
    • Business Acquisition Financing
  • Recent Closings
  • Online Application

Recent Closings

Radix Finances $3,635,000 for Manufacturer

1/2/2020

1 Comment

 
Picture
When the owner of a stereo manufacturing company wanted to refinance $1.2 million of high rate debt into a single, ten-year loan, he was declined by multiple banks. His business’ cash flow was negative, and - without collateral - most banks would never consider such a risky debt refinance. So he approached Radix to see if we could help facilitate the consolidation.

BORROWER’S ISSUES

  • $1.2 Million Dollars of Unsecured Debt

RADIX'S SOLUTION

From the beginning, it was obvious that the borrower could save on rent by purchasing his property. By combining the debt refinance with a real estate purchase, the borrower could even extend his amortization, drawing the entire loan amount out over 25 years while lowering both his rates and rental payments in the process. The borrower was thrilled with the idea, and the current landlord was happy to sell. Less than 90 days later, the borrower was paying about $25,000 less per month -- and the property title was in his name.
1 Comment
Jeffrey Finley link
8/20/2021 06:49:55 pm

Great blog post thanks for sharing

Reply



Leave a Reply.

    Back to recent closings

Privacy Policy

Recent Closings

Financing Types

Contact

© 2019 Radix Financial Group 
  • Home
  • Financing
    • Working Capital, Debt Refi and Consolidation
    • Commercial Real Estate
    • Equipment
    • Business Acquisition Financing
  • Recent Closings
  • Online Application