Need money to buy land and construct a new radio tower? Interested in purchasing a tower which your station is leasing? We can help. Our tower lending guidelines are as follows.
Loan amount: $20,000 to $2 million.
Loan Use: Tower acquisitions, tower land acquisitions, tower construction.
Personal Guarantee: Yes, from business owner.
Debt/Cashflow (EBIDTA): 6:1 of less.
Collateral: All asset of business including an assignment of material agreements and leases.
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: 15-20 years with a 5 year balloon.
