IN NEED OF ACQUISITION FINANCING FOR 52-UNIT APT IN NORTH DAKOTA. 1.69 DSCR!

This apartment is 2 twin 26-unit apartment complexes located in North Dakota. I have a full package with up to 30% down payment (cash plus cross-collateral) but would prefer if we could find 20% availability. Please contact me ASAP as this needs to close before the end of the year. This place is a cash cow and buyers are very qualified. Respond only if you can make loans in North Dakota oil fields areas as I'm finding lenders that say they will in the beginning, but then back out. I'm out of time and don't have time to play games. Serious inquires only please!

Steve Rich, (801) 712-7353

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I don't remember sending a package to you. Do you offer 100% financing?

Steve,

We have at least 2 National Lenders for Multi Family Projects. I would be more then happy to ask them if they would have an interest in your project. I would need an executive summary on the project, along with information on the property (Rent Roll & Expenses). We have 35+ years of experience, and would be willing to work with you. Please visit our website at www.jwfunding.com, and send the information to waoconnell@yahoo.com.

Thanks and Good Luck,

Will O'Connell

Have you considered Courtesy Deposits to help enhance your financial profile to better get you funded by either your banking institution or a potential investment group.  Our product makes your capital-seeking campaign easier and provides incentive for the lender to fund your package. Attaching our product to your loan package, line of credit request, or business project will make your capital-seeking proposal more appealing to your lender. In fact, our product provides more than just motivation for your lender to fund your project. Our product may provide the lender with liquidity for your loan and other loans. Your loan, line of credit or borrowing package will stand out with our product attached to it. We even find the US FDIC Insured banks for you if applicable!

Please contact me (Lmiassoc1@aol.com) for more information on this process and how we can assist you in getting closer to your funds.  Most of our clients receive their funding within 10 business days...

Thank you,

Jeffrey B. Freis Associates, Inc is a private investment bank with an active real estate finance division. Contact me to discuss your financing needs.




Jeffrey B. Freis, President
Jeffrey B. Freis Associates, Inc.
Tel: 914 967-9235
Fax:914 798-6670

Steve,

I believe I have a solution for this depending upon the loan size? The bigger, the better. Let me know if you haven't already found financing. Thanks,

 

Mark

Steve,

International Investment Banking Group up to 100% funding either debt or equity or combination worldwide! We fund based on the project strength not LTV or LTC.   We are interested in the Energy, Technology, Mining, Real Estate and Business- (lines of credit, working capital, contract financing, purchase order financing, factoring, etc.) sectors. 30 year proven track record!  

We offer pricing is bank rate or better with terms of 3, 5,7,15 & 20 years.  No front fees. Principals must cover third party cost prior to closing. Our market is domestic and international. To move forward we will need an executive summary with proforma or actual income statement for 3-5 years, use of funds statement and exit strategy showing timeline for repayment along with bio/resume of Principal and their team.

We provide funding for the borrower’s capital request in the form of debt, equity or a combination and allow all documented expense and fees paid by the borrower to be stacked on top of the funds requested.  We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.

 (The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):

 “If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.”   I have 28 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.

Ron Coleman, President

NEPCO, INC - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS    770-572-7765; nepcoinc@att.net;  nepcoinc1 -Skype

Good Day,
ARTI YATIRIM HOLDINGS A.S. (ARTI), is working on expanding its international portfolio Globally and financing projects We would be happy to receive an NDA / Executive summary to see if you have any Viable project we can finance and partner together by making financial investment in Form of soft loan.
Email your projects summary to us at: artiyatirimholdings763@gmail.com

Regards,
Mr Coskun Erdem
Assistance executive Investment Coordinator

Property Loan $50,000 to $100 Million

Whether you need new equipment or looking to fund a small commercial property, a $100 Million development project, or anything in between we can help.

http://www.tmlg.net/

Steve, 

I can help you with your project, left you a message the other day but did not get a call back..

Please email me your executive summary and I will see what I can do to get you funded..

Email to: rabuata@eastern-cap.com

Roger

Steve-we can close this as fast as your client would like.  Please feel free to contact me any time, I left a VM & am available to speak whenever is convenient for you. 

Sincerely,

Simcha Edward Margolis

Steve, 

We have a small life company that is seeking to fund portfolio.  If you can email me an executive summary, I'll find out quickly if they will go to North Dakota. 

T. J. Morrow

Great Eastern Investments, LLC

tjmorrow@idworld.net

AT LAST "REVENUE & ASSET BASED LOANS FOR REAL ESTATE INVESTORS'

CASE STUDY 1

*** $30K REAL ESTATE INVESTOR /FLIPPER

 

BORROWER:                       REAL ESTATE INVESTOR /FLIPPER

GROSS REVENUE:            $12K/MONTH

COLLATERAL:                     2 PROPERTIES IN CONTRACT

USE OF FUNDS:                 ACQUISITION OF 2 FIX AND FLIP REO PROPERTIES

FICO:                                     580 AND 650

NEGATIVES:                       CASH FLOW

POSITIVES:                          EQUITY IN COLLATERAL, CLEAR USE OF PROCEEDS, 2 PARTNERS

REVENUE QUOTE:            $24K (BASED ON $12K GROSS MONTHLY REVENUE)

COLLATERAL QUOTE:      $40K (BASED ON 50% EQUITY)

FINAL LOAN AMOUNT:  $30K

 

NOTES:  The investors went into contract on 2 residential properties.  Because they are in contract on the properties they pledged the target properties.  They purchased bank owned properties for 25 cents on the dollar.  We are making an exception and lending 250% of monthly gross because they were sold by the bank for 25 cents on the dollar.  If they default we own properties worth $120K on a $30K loan.  we also made an exception because there are 2 signors.  The investors also have a short but documented track record of making good deals.  They also made several referrals before we closed.  Their previous hard money lender was charging them 10% per 30 days.

-END-

FINANCING OVERVIEW

We have a fantastic no-out-of-pocket, no monthly payment, and no balloon payment lending platform for ANY business including real estate investors.

 

It also constitutes a powerful additional revenue stream for ISOs, business brokers, real estate wholesalers, realtors, marketers and hard money lenders who send us referrals: 

We pay 1.5% of the loan amount per referral!  Just send us the client’s name and telephone number!

FOR BUSINESSES: Merchant Cash Advances are dead!  You will NEVER take another Merchant Cash Advance again!  MCA companies lend only 20% - 100% of monthly gross – WE LEND 200% OF MONTHLY GROSS!  And our cost is ALWAYS lower!

FOR REAL ESTATE INVESTORS: We can lend you the money TO GET hard money – OR – we can provide “Gap” funding to complete a project when the hard money runs out!

  

BENEFITS:

- NO OUT OF POCKET COSTS!

- NO MONTHLY PAYMENT!

- NO BALLOON PAYMENT!

- NO MERCHANT PROCESSING!

- WE LEND 200% OF MONTHLY INCOME!  UP TO $5MM!  WE GIVE MORE BECAUSE WE ASK FOR TEMPORARY LIENS ON HARD ASSETS (REAL ESTATE, EQUIPMENT, VEHICLES)

- PAY BACK VIA DAILY ACH INSTEAD OF ONE LARGE MONTHLY PAYMENT – NO TAKING MONEY FROM YOUR CREDIT CARD INCOME LIKE MERCHANT CASH ADVANCES! CRITICAL FOR YOUR CASH FLOW!

 

OUR LENDER'S CEO: DOUG NAIDUS, SOLD HIS LAST COMPANY TO DEUTSCHE BANK FOR $500MM!

WE JUST RECEIVED $25MM FROM HEDGE-FUNDS!

 

BOTTOM-LINE:

WE HAVE MORE MONEY THAN ANY OTHER PRIVATE ASSET BASED LENDER, HARD MONEY LENDER OR CASH ADVANCE LENDER!

WE ARE MORE AGGRESSIVE THAN ANY OTHER PRIVATE ASSET BASED LENDER, HARD MONEY LENDER OR CASH ADVANCE LENDER!

WE LOWER THE COST EVERY TIME WE FINANCE YOU!

WE INCREASE THE AMOUNT WE LEND EVERY TIME WE FINANCE YOU!

 

LOAN TERMS: 3 – 12 MONTHS

 

COST*: (NO OUT OF POCKET COSTS, NO MONTHLY PAYMENTS, NO BALLOON PAYMENTS)

3 MONTHS = 12 COTD (CENTS ON THE DOLLAR)

4 MONTHS = 16 COTD

5 MONTHS = 28 COTD

6 MONTHS = 34 COTD

 

*These are base guideline costs that DO NOT take into account credit, years in business, use of proceeds or quantity and quality of collateral pledged.  The higher your FICO, the number of years in business, use of proceeds for growth and the amount of collateral pledged will allow us to lower the cost and increase the loan amount.

 

AGGRESSIVE:

- “GIFT OF REVENUE” – A SEPARATE BUSINESS OR ANOTHER BUSINESS OWNER CAN GIFT A GIFT OF REVENUE BY CO-SIGNING.  WE WILL LEND 200% OF THE COMBINED MONTHLY GROSS REVENUE FOR BOTH COMPANIES!  WE CAN EVEN USE W2 INCOME!

- “GIFT OF ASSETS” – ANY BUSINESS OR PERSON CAN PLEDGE HARD ASSETS ON BEHALF OF THE BORROWER SO WE CAN LEND MORE MONEY!

When pledging real estate: appraisals(s), mortgage statement(s), deed(s), title(s)

When pledging equipment: picture(s), serial number(s)

When pledging vehicles: picture(s) of the vehicle(s), odometer(s), license plate(s) and VIN number(s)

 

AVAILABLE STATES: AL, AZ, DC, DE, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MN, MS, MO, NE, NH, NC, NM, OR, PA, UT, SC, VA, WA, WV, WI, WY. MINIMUM $100K: NJ, GA, CO. MINIMUM $50K: DC, NE, OR. ***IN A FEW MONTHS WE WILL LEND IN ALL 50 STATES!

 

QUALIFY YOURSELF!  ANSWER THESE 3 QUESTIONS TO SEE HOW MUCH WE WILL LEND YOU IN 5 DAYS:

WE ARE REVENUE –AND- ASSET BASED! = MORE MONEY FOR YOU!

 

1 - *** In which States do you operate?

AVAILABLE STATES: AL, AZ, DC, DE, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MN, MS, MO, NE, NH, NC, NM, OR, PA, UT, SC, VA, WA, WV, WI, WY. MINIMUM $100K: NJ, GA, CO. MINIMUM $50K: DC, NE, OR. ***IN A FEW MONTHS WE WILL LEND IN ALL 50 STATES!

 

2 - *** What is the company’s gross monthly or annual revenue?

Formula: AVERAGE GROSS MONTHLY REVENUE  X  2  =  LOAN AMOUNT OR

Formula: ANNUAL GROSS INCOME  X  16.6% = LOAN AMOUNT

 

3 - *** What is the total value AND balances of the company’s hard assets?

(REAL ESTATE, EQUIPMENT, VEHICLES)

 

AGAIN: We will pay you 1.5% for all referrals!

 

THANK YOU!

 

***More case studies*******************************************

*** $3.5MM HOTEL PACKAGE ACQUISITION

 

BORROWER:                       HOTEL DEVELOPER

GROSS REVENUE:            $900K/MONTH

COLLATERAL:                     2 HOTELS

USE OF FUNDS:                 ACQUISITION OF 2 INCOME PRODUCING HOTELS

FICO:                                     750

NEGATIVES:                       CASH FLOW

POSITIVES:                          OK CASH FLOW, CLEAR USE OF PROCEEDS, COLLATERAL

REVENUE QUOTE:            $1.8MMK (BASED ON $900K GROSS MONTHLY REVENUE)

COLLATERAL QUOTE:      $8MM (BASED ON 50% EQUITY)

FINAL QUOTE:                   $3.5MM

 

NOTES:  The developer wants to purchase 2 hotels with a total FMV of $8MM.  Based on his current gross monthly income of $900K we can lend $1.8MM.  We are making an exception by purchasing the hotels and holding a note.  His daily payment is $16.5K, 21 days per month (monthly payment equals $350K).  $350K represent a Payment To Deposit Ratio (PDR)  of 38.8%.  Our typical PDR can not exceed 30%.  The borrower will receive the $3.5MM in seven tranches of $500K each per week over seven weeks.  We are making several exceptions because the target properties are income producing and although his current income exceeds our PDR but he will have immediate additional income which we do not calculate but we anticipate.  If he defaults we own 2 properties worth $8MM on a loan amount of $3.5MM.                                                                                                                                                                                                                                                

-END-

*** $100K REAL ESTATE INVESTOR AND RESTAURATEUR

 

BORROWER:                       RESTAURANT OWNER (2 RESTAURANTS), REAL ESTATE INVESTOR (3 HOUSES)

GROSS REVENUE:            $160K/MONTH

COLLATERAL:                     3 HOUSES, 2 CARS, RESTAURANT EQUIPMENT

USE OF FUNDS:                 EXPANSION

FICO:                                    550

NEGATIVES:                       FICO, FEDERAL TAX LIENS, IN FORECLOSURE ON ONE PROPERTY

POSITIVES:                          GREAT CASH FLOW, CLEAR USE OF PROCEEDS, PLENTY OF COLLATERAL

REVENUE QUOTE:            $320K (BASED ON $160K GROSS MONTHLY REVENUE)

COLLATERAL QUOTE:      $75K (BASED ON 57.5% EQUITY)

FINAL QUOTE:                   $100K

 

NOTES:  This borrower has great revenue but is delinquent on several accounts that have adversely affected their credit.  We will lend up to 200% of monthly gross.  Based on 200% of monthly gross we could lend $320K.  Unfortunately their negatives including 2 vacant investment properties and federal tax liens do not allow us to lend 200% of monthly gross.  Their equipment, aside from ovens and broilers, are not very valuable.  Their real estate is in a rural area and has little value.  Their vehicles are not old but are not new or have significant value.  They are in foreclosure and owe $60K in back mortgage payments.  They received a quote from our competition for $50K.  We are financing them with a $100K facility, paying off the tax lien.  Best term: 6 months, another $50K tranche every 3 months for a total of $300K over 366 days.

-END-

*** $20K MECHANIC

 

BORROWER:                       AUTO MECHANIC

GROSS REVENUE:            $12.5K/MONTH

COLLATERAL:                     5 CARS

USE OF FUNDS:                 EXPANSION

FICO:                                    618

NEGATIVES:                       FICO, CURRENT CASH ADVANCE BALANCE OF $7K

POSITIVES:                          OK CASH FLOW, CLEAR USE OF PROCEEDS, COLLATERAL

REVENUE QUOTE:            $25K (BASED ON $12.5K GROSS MONTHLY REVENUE)

COLLATERAL QUOTE:      $25K (BASED ON 50% EQUITY)

FINAL QUOTE:                   $20K

APPROVAL:                        $20K, NOT PAYING OF THE CURRENT CASH ADVANCE, 9 MONTH TERM

 

NOTES:  This borrower has OK revenue but has a current cash advance.  We will lend up to 200% of monthly gross.  Based on 200% of monthly gross we could lend $25K.  Unfortunately having a cash advance is a red flag so we can not do $25K.  The 5 cars are not very valuable BUT 5 cars makes the underwriter very comfortable.                                                                                                                                                                                                                                              

-END-

*** $50K TRACTOR AND TRUCKING SERVICES

BORROWER:                       TRACTOR AND TRUCKING

GROSS REVENUE:            $100K

COLLATERAL:                     3 VEHICLES, CAMPER, 4 TRAILERS

USE OF FUNDS:                 PAYROLL, MARKETING, INVENTORY

FICO:                                     551

NEGATIVES:                       CREDIT SCORE, MULTIPLE UCCs, UNFAMILIARITY WITH DAILY ACH

POSITIVES:                          REVENUE, COLLATERAL, CASH FLOW      

REVENUE QUOTE:            $200K

COLLATERAL QUOTE:      $100K

FINAL QUOTE:                   $50K

NOTES: The borrower has a low FICO score which is not our main concern but his explanation for his low score is unsatisfactory.  We understand that numbers do not always tell the whole story.  Borrowers incur personal and business challenges that detrimentally affect their personal credit.  But when someone does not pay their bills and will not provide a satisfactory explanation we have to be cautious.  This borrower also has several liens and judgments. 

END

 

 

 *** $500K REAL ESTATE INVESTOR

BORROWER:                       REAL ESTATE INVESTOR

GROSS REVENUE:            $583K

COLLATERAL:                     IN CONTRACT ON COMMERCIAL REAL ESTATE        

USE OF FUNDS:                 ACQUISITION

FICO:                                     650

NEGATIVES:                       LESS THAN PERFECT CREDIT, UNFAMILIARITY WITH DAILY ACH

POSITIVES:                          REVENUE, COLLATERAL, CASH FLOW      

REVENUE QUOTE:            $1,166,000

COLLATERAL QUOTE:      $1MM

FINAL QUOTE:                   $500K

NOTES: Borrower is a seasoned real investor with over $7MM in annual gross revenue, a ton of real estate to pledge.  His hard money lender charges 12% over 6 months and 3 points.  We are offering 11% over 6 months with 2 points.  No out of pocket.  We usually do not charge points but because he usually pays 3 he has no objection to paying 2.  We are making an exception from the typical 34 factor rate over 6 months because he is willing to pledge over $1MM in real estate, has a schedule to acquire and flip and hold over 100 properties this year and send dozens of referrals because he is a lender.

-END-

FOR MORE INFORMATION OR TO SUBMIT A LOAN REQUEST.

CONTACT:

Calvin Butler
CEO @1st Choice Financial Inc;

fcfinancial@ymail.com

850-570-6479
http://cloans.webs.com/

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