March 2nd, 2017 10:30 AM by Andrew Liu, President NMLS#249736
Another client of ours was looking to purchase a warehouse, because his wife wanted to move her business to the US from an overseas location. She was looking to buy the warehouse in the Bay Area so she would not have to rent. (As the amount of rent here would probably be equivalent to mortgage amount she would pay.)
However, the wife ran into a snag, most of the lenders were looking for business history and track record of profit and loss which she did not have in the US. They had shopped at many banks, and had been turned down by all.
She was finally referred to me and hoped that I would find a solution for her. The solution I found: One of our investors was familiar with her online business! So, after he spoke to her and considered her financial documents, our investor decided right on the spot to accept this proposal. She got her financing and has run a very successful business since.
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