“The debt on it was about 90%… we’ve done expansion loans… now we’re at the cap of the SBA program and use a commercial real estate loan”
♫
Said on Acquiring Minds
“The deal itself was about 1.1 million… about half of that was the real estate… we were in that at about five times as far as the valuation… EBITDA margins were probably 50%”
Acquiring Minds · Side Hustle Acquisition to $5m in Revenue
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What was described
bought a dog daycare business and the associated real estate together for $1.15 million, financing 90% with an SBA 7(a) loan and splitting equity 25% each
Purchase price $1.15 M; 90% loan; 5× EBITDA valuation; EBITDA margin ~50%; each partner $50 k equity
Said nearby on the same subject
“I gave Twin guardrails… I don’t want to reach out to a family that doesn’t have real estate… I don’t want estates over $2 million, land, mobile homes.”
KR
Krista Recker
Real Estate AI Flash ·
“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%.”
JH
Jack Henderson
Asset Rich with Jack Henderson ·
“Loan split… $500,000 non-deductible home loan… put $100,000 into the loan, split it into $400,000 or $100,000 and then go invest $100,000 in shares”
PN
Pat Noll
Equity Mates Investing Podcast ·
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