Financing a book of business?

by Guest » Mon Jun 15, 2009 11:51 pm
Guest

can anyone give me a general idea about purchasing a book of business for Allstate? How does the financing work? How much can someone get approved for? The book we are thinking of buying is 1.65 million in premium and is being sold for $425,000.

How long do people typically finance for ten? fifteen years? and what percentage point of interest would I be looking at?

I realize these are very general questions and everone's circumstances would be different. My husband and I have excellent credit ratings and he has worked for Allstate for almost four years as a p&c producer.

Thanks for all of your help!!

Total Comments: 22

Posted: Sat Jul 16, 2011 03:10 pm Post Subject: OyxBpXsNhJP

Kncoekd my socks off with knowledge!

Posted: Sat Feb 04, 2012 01:17 am Post Subject: Allstate lending

I know I am late to this discussion, but Capital Resources was the best for me. Great communication throughout the entire process and easy to deal with after closing. Of all the lenders I spoke with and I talked to them ALL, noone knew more about Allstate and how to maximize the value than they did.

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