Company of the Week
Company Profile
2024
Closed Loan Volume - $750 million.
Revenue - $29 Million.
Net Income - $4 million.
Servicing - $300 million.
Channel - 100% retail.
Product Mix - 55% Conv. 45% Govt.
Geography - MidAtlantic.
Offices - 12 states.
Licensed - 21 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- 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.