Joseph Wood
Edmonton, AB (CAN)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Sha Financial
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Startup
Location:
Edmonton
Industry:
Real Estate
Year Founded:
2001
Number Employees:
1-10 people
Description:
Sha Financial is looking for $500k in debt consolidation capital so that we can expand our Real Estate business. In addition, Sha Financial is also looking for $2 million acquisition funding to purchase additional properties. However, the immediate need is to pay off $335K Canadian hard money loan and replace it with more reasonable second mortgage or 80% equity money. All funds are fully protected by real estate. All loans will be legally registered by our lawyer to protect the lender. Sha Financial is located in Edmonton, AB and currently has gross sales of Above $250k. Below, I have included some other important details about the funding that we need.
Sha Financial is primarily interested in these funding sources, but will consider all inquiries:
-Equity Funding (Venture Capital, Angel, Private Equity, etc.)
-2nd Mortgage Funding.
Sha Financial presently has single family home assets of $6 million Canadian, and liabilities of $4.5 million Canadian. We are looking for low or reasonable cost equity funding to replace $335K hard money that was used for property acquisition, which is now proving an uneconomical cost and needs to be replaced. Private money equity funding of 80% or second mortgage funding to replace the hard money would be ideal
Once fully funded, we intend to use this capital for these purposes:
-Debt Consolidation
-Future Acquisitions