Stephen McKay
Buchanan, TN (USA)
Role(s):
Founder/Owner/Principal
Stephen McKay
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Startup
Location:
Buchanan
Industry:
Bio-Technology
Year Founded:
2006
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Not Incorporated
Description:
Converting second home to rental. Appraised at $788,000. Looking for 36 month first lien loan at 67% LTV. Will pay 10% current yield and 2 points at closing. Have corporate lessee ready to go subject to closing the loan. The goal is to prove up the rental stream and refinance with bank financing at the then of the bridge loan.