Direct Mortgage Lender with High Return Portfolio

Business
  • Listing# : 18037
  • Listed Price : $3,000,000
  • Total Sales : $417,945
  • SIC : 6162
  • Down Payment : $3,000,000
  • Status : Active
  • Discretionary Earnings : $351,206

Business Type :

Financial Related / Finance Company

Business Description :

Founded in the year 2003, this prominent direct mortgage lender located in South Broward, Florida. The investment in this venture promises an immediate return of over 8%, and the current proprietors are committed to remaining at the helm for as long as necessary to ensure a successful transition of this acquisition.

This opportunity presents itself as a seamless transition, as the Buyer will be meticulously trained in every facet of mortgage lending. This comprehensive training encompasses a deep understanding of mortgage laws, adept collections strategies, proficient origination techniques, strategic advertising, and meticulous accounting practices. Armed with this knowledge, the Buyer is poised to not only sustain but also magnify the growth and prosperity of this enterprise.

This enterprise can be adeptly managed by a sole individual, effortlessly steering its course. Subsequently, after acquiring the requisite training, the option remains open to augment production by introducing additional loan officers, contingent upon the ambitions of the new proprietor. This represents a great opportunity for an entrepreneur, one who not only yearns to witness their investments flourish with a rewarding return but also embraces an active role in shaping its future prosperity.

Assets/Liabilities:

    • Accounts Receivable $2,093,306
    • Incl : Yes
    • Real Estate $0
    • Incl :
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl : Yes
    • FF&E $11,851
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $2,105,157
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Financial Related