We make senior secured loans to out of home advertising and transit advertising companies.
We are seeking:
- Static billboard construction loans.
- Digital billboard conversions and construction loans.
- Out of home and transit advertising company acquisition loans.
- Loans to purchase land and easements involving billboards.
- Radio station loans
- Newspaper loans
- Magazine loans
- Mezzanine loans
- Place based advertising loans.
- Loans to startup companies without a track record.
Our loan terms are as follows.
Loan amount: $20,000 to $1 million.
Loan Use: Digital sign construction, steel monopole construction, outdoor company acquisitions, partner buyouts.
Personal Guarantee: Yes, from business owner so that we know our interests are aligned in the event of difficulties.
Debt/Revenue: 3:1 or less.
Debt/Cashflow (EBIDTA): 6:1 of less.
Collateral: A UCC-1 filing on all assets of business; an assignment of material agreements and leases; and a pledge of equity.
Other Permitted Debt: None.
Interest Rate: Prime plus 6% floating with a floor at 12%.
Loan Fee: 2% of the loan amount, paid at closing.
Transaction fee: 2% of the loan amount, for lender’s legal and documentation costs, paid on acceptance of loan commitment.
Amortization: 7-20 years withy a 5 year balloon. 7-10 years for digital signs. 10-20 years for monopoles with long term leases.
Please do not contact us about radio station loans. We do not make radio station loans