Closed Loan Volume - $800 million in 2024.
Revenue - $31 Million.
Net Income - $4 million.
Servicing - $300 million.
Channel - 100% retail.
Product Mix - 55% Conv. 45% Govt.
Geography - MidAtlantic.
Offices - 9 states.
Licensed - 22 states.
Agency approvals - All.
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 for Milestones Mergers Fees.
Step 5- Sign NDA with seller.
Step 6- Introductory Zoom Meeting with Seller.
Step 7- Exchange of Basic Financial information.
Step 8- Start Due Diligence.
Step 9- Sign Non-binding Term Sheet for purchase of company.
Step 10- Complete Due Diligence.
Step 11- Sign Binding Contract for Purchase of company.
Step 12- 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.