“If you got a 95% loan on 1.5 mil, it would be a $1.425 million loan… you would need, like, $220,000 a year for the bank to give you the loan.”
PN
Pat Noll
Equity Mates Investing Podcast ·
David Senra · Channeling Rage, Rolling Calls & Building an Entertainment Empire | Ari Emanuel, WME & TKO
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Provided a $1 million unsecured loan to Endeavor during the 2008-09 crisis
$1 million loan, no collateral
“If you got a 95% loan on 1.5 mil, it would be a $1.425 million loan… you would need, like, $220,000 a year for the bank to give you the loan.”
“I provided in the first year, a year ago, 55 million meals, and then provide the matching funds to feed 100 million through Feeding America.”
“I just got an unconditional approval for a loan and signed loan docs on Saturday. It's a $6.5 million loan and it was split into two portions, one at 6.14% interest only investment and one at 6.34%. So we guarantee our rates at 6.1%.”
“We've done $28 million in loans… typically like $5,000 to $250,000… partnership with a large loan company… they've done $8 billion in loans.”
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