Two used trucks, a custom mixer, and multiple vendors… here’s how we financed it.
We recently structured a $700K progress draw for a client purchasing two used trucks, a 2015 Peterbilt 348 and a 2021 Kenworth W900, both through private sales.
Here’s where it got interesting; the Kenworth needed a 2025 Omni concrete mixer installed but the private seller required full payment before releasing the truck, and the dealer needed a 35% deposit upfront before starting the build.
Here’s how we made it seamless:
– Paid the private seller for both trucks.
– Funded the dealer’s 35% deposit so installation could start
– Issued the final payment once the mixer was ready
We wrapped all three steps into a single 60-month term with 10% down, handling the private sales and progress draw under one contract.
It’s deals like this where our flexibility turned a complex purchase into a simple solution, meeting every party’s requirements.