2024
Closed Loan Volume - $150 million
Revenue - $3.6 million
Net Income - $600,000
Channel - 100% retail
Product Mix - 90% Conv. 10% Govt.
Servicing- $0
Geography - Mid-Atlantic
Licensed - 13 states
Offices - 1 state
Agency approvals - FHA
2024
Closed Loan Volume - $500 million
Revenue - $2.4 million
Net Income - ($1,000,000)
Channel - 60% Wholesale. 40% retail.
Product Mix - 70% Conv. 20% Govt.
Servicing - $0
Geography - Southeast
Licensed - 22 states
Offices - 3 states
Agency approvals- FHA
The process/steps for consummating the purchase of this company are as follows:
Step 1- 30-minute introductory call with Milestone Mergers.
Step 2- Sign NDA with Milestone Mergers.
Step 3- Provide proof of liquid funds. ***
Step 4- Sign contract with Milestones Mergers.
Step 5- Sign NDA with seller.
Step 6- Introductory Zoom meeting with seller.
Step 7- Seller to provide due diligence items.
Step 8- Sign non-binding term sheet for purchase of company.
Step 9- Complete due diligence.
Step 10- Sign binding contract for purchase of company.
Step 11- Close on transaction.
*** Proof of liquid funds can be one or more of the following: Audited financials, bank statements or a letter from an accredited financial institution confirming availability of funds with specific language indicating the funds are not encumbered. Letter must be on the financial institution’s letterhead and signed by an officer of the financial institution. Provide corporate resolution (if appropriate).
Contact Gary Freedman for more Information:
Gary.Freedman@MilestoneMergers.com. 703-501-0500.