Asset-based lending is a business loan secured by collateral. The asset-based loan, or line of credit, is *secured by real estate owned by the business and/or primary business owner and requires a recent appraisal for underwriting purposes.
Through a multitude of partner programs GSCP can expedite your long-term asset-backed deal and get you up to $20,000,000.00 in the form of a term loan or line of credit.
*Secondary hard collateral could also be considered in certain deals such as:
-Investment Commercial or Residential Real Estate
-Equipment or Machinery
-Loan Size: $250,000.00 - $20,000,000.00
-Lien Position: UCC-1 on Business Assets, 1st, 2nd, or 3rd lien on any available real estate
-Term: 10-25 Years
-Rate: Prime + 1.75 to 2.75%
-Closing Times: 60 to 90 Days (Closing Times vary during Covid-19)