BMP Management Group, LLC

It's really takes a village!!!! Happy King day to the Kings!!!

I know its a lot of new money/new entrepreneurs out here, but I really appreciate connecting and building with distinguished gentlemen of age and experience to do business with. Vince & his brother Sam flew from Houston to meet with me from one phone call. Vince purchased and built a pharmacy business where he raised 27m in investment dollars to expand to 27 locations then a clear exit in the 90's!!!! Now he's ready to do it again, but now with stem cell & laser technology...I just gave him a plan that will probably save him 9 figures in equity...needless to say paperwork is being drawn for my equity position...2024 is still shaping up to be the year of years for me!!!! I always knew my expertise and advice was meant for people of impact...this is the year of impact!!!! Stay tuned....and yes a product of Camden, NJ...its the GOD in me!!!!! Appreciate the believers and the non-belivers...run ya race...cause Im damn sure running mines....me vs me!!!!

Capital Conversations Episode 3:
Debt Reposturing

Here is the deal, my mentor reached out to me for help with a client. A 7 figure framing company who had an immediate need for capital and he thought the banks would not be able to deliver funds fast enough so he took one of those quick Merchant Cash Advance loans that advertised getting funds in 24-48hours. And yes,even though they delivered the loan quickly,the terms were not as apealing,and the way they disclosed their rates are pretty deceptive. They told him oh year we will give you 100k at only a rate of 1.30. Now to the naked eyed when a consumer sees this,they normally think oh...any number that is 1. Anything has to be affordable...but lets break this down. To these lenders you would take that 1.30 and multiply it times $100k...gets you at $130k...this means that borrowing 100k you will payback 130k...in simple interest thats 30%...now lets think about this. A good busienss like a home healthcare company normally operates at 10-15% margin...meaning that if they make $1m/yr they are normaly profiting or taking home about 100-150k/yr in profit. So if my business makes 15% profit and I borrow at 30% thats not the type of math that makes sense...so it cant make me dollars. This client kept taking more and more of these high interest position loan. Taking 9 MCA loans in total with a balance of 300k paying about $43k/mo in payments!!!! Fortunately, he still has good credit and tax returns. We evaluated his situation and with our bank partners we are going to acquire new unsecured working capital with way more favorable terms and then connect him with an attorney who specializes in these MCA loan mitagation process.
In our first couple of days of submissions we already have the client approved for 125k in funding with rates as low as 0% to 10%...re-posturing his high interest debt will get his payment down from 43k to about 9-10k/mo.
This is another example of financial chess, not checkers.
My team has a combined 36yrs of finance and banking experience and training. We have the tools, know-how, and the relationship to make you and your business perform better financially!!! Let us enhance you!!!

Episode 1 of Capital Conversations:
Compartmentalized Financing

I have been told by some of my colleagues that I don't share enough about some of the extraordinary transactions I fund, so I am now making time for some "capital content"! Highlights from a recent term sheet for a borrower that was in a tough situation. He was and is a good real estate investor who just came up on a rough patch of circumstances.

Deal 1: With a 580 score this eliminated all bank options, so we knew we had to go with a commercial mortgage bank, but even those guys normally want to see 600-620 +. Realizing the property was a shore property we located a commercial mortgage bank that has a high appetite for Jersey Shore properties, so this was a big compensating factor that got us a credit exception for the deal to get approved. Consequently, our client had new derogs that happened in the process where his scores dropped to a 510...smh...however we knew we had another compensating factor...this was a property had a small current mortgage balance compared to the value, with the new mortgage our the ltv was still very low. A 60% LTV 425k Cash-out refi at 12% (5yr fixed) with a 510 score and no tax returns. He will now have o er 250k to payoff existing debts to help stabilize credit and make some property upgrades to increase rent/air b n b income for upcoming season.

Deal 2: In the middle of the first deal, the client calls me and asks if I have a lender who can get him a quick $50k to handle another time sensitive debt that came up. Even though this client has a deep portfolio, my 1st commercial lender has a client threshold, they wont hold multiple mortgages with a borrower under a certain credit score. Fortunately, as a member of the National Association of Commercial Loan Brokers I get access to a portal where I can just put the scenario details and then get lender possibilities. Found a Bridge loan lender who did not care about credit scores, did not have a cashout capp up to approved ltv, waived appraisal, and enough cash to pay remaining tax debt, complete renovations to subject property and 2 other hotels. 775k bridge loan with a 510 score!
Over $1m in 3-4wks.