Illinois Hard Money Deal - Close

725

10 deals

Illinois

My client, a holding company, is looking for a $5M loan to acquire an oil producing company. It has 37,000 acres with 900 oil producing wells ranging from Illinois, Indiana, and Kentucky. The seller is very motivated to sell at a very low price. There is a 5 year 500 million dollars revenue projection. The acquisition includes the land, lease, wells, and equipment. My client currently has approximately $400K revenue monthly from its wells production. The seller is selling their oil producing business because they want to get out of it. They have their oil refinery business that they are keeping. They are only producing at a 25% capacity just to meet expenses. They are highly motivated and even offered to buy the crude oil that he will produce once he takes over the oil property. We can provide full details including the oil field making 70,000 barrels of crude oil per month. I am a broker representing my client.