Brooks Banks
  • Wilmington, NC
  • United States
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Profile Information

Company name and description
Gateway Funding

About Us

Gateway Funding, Inc. is a NC based commercial mortgage brokering company that was established in

2002. Since then, we have worked tirelessly with our clients to find the best financial solution for them.

With decades of experience in the industry, our contacts and expertise have proven invaluable to our

clients.

What We Do

Currently we have expanded our operations and are looking to market a wide range of products in 45

states (Not Hawaii, Alaska, Michigan, North Dakota, or South Dakota). We are more than happy to

discuss any loan scenario with any partner or client. We pride ourselves on our ability to find solutions

for investors.

Our process is simple. Once we have identified or been introduced to a borrower, we go through an

interview to determine their goals and assess their financial situation. Next, we gather some preliminary

supporting documents such as tax returns, personal financial statements, and other background info on

their projects. Once we have these in hand, we reach out to our lenders until we have found the lender

that is the most likely to fund their deal. Once we

the client. Once we

ensure its success before submitting a complete package to the lender. We then follow up and work

with the lender to process the file until it is closed. Once the loan is funded, we collect our fee and the

borrower is on their way to financial success!

Currently we are marketing

NOTE THAT ALL TERMS MAY VARY ON A CASE BY CASE BASIS. THESE ARE GENERAL GUIDELINES THAT

WE HAVE BEEN PROVIDED WITH BY OUR LENDERS.

Rehab and Flip Loans

LTV: 80% of Cost or 65% ACV whichever is lower RATE: 10

These are the types of deals we are most interested in. These loans are for experienced real estate

investors that have found properties that are selling for significantly less than their market value. These

properties can be rehabbed and the resold with significant potential for profits. In MD, VA, NC, SC, FL,

and GA we are able to offer 100% financing for these deals. The most important aspect of these deals is

the borrower

deals.

Construction Ground Up

LTV: 80% of Cost or 65% ACV whichever is lower RATE: 10

We are able to get construction loans funded for contractors, developers, etc. The most important part

of this type of loan is the borrower

about lending money on construction projects as they are really investing in the borrower and not in

collateral. With a strong borrower and strong plan, we can get these deals closed.

Purchases

LTV: 70

We are able to do loans on commercial property purchases. These loans require cash being put up by

the borrower. These types of deals require a strong borrower with liquidity.

Refinance/Refinance with Cash Out

LTV: Can be as low as 65% and as high as 90% Rate: 4

We can do refinance loans for clients that have balloons coming up, hard money loans they need to

refinance, etc. We are also able to get cash out refinance funded for clients that are interested in

leveraging their portfolios.

Business Loans

We are able to get loans funded without real estate as collateral. As long as the borrower has a history

of cash flow and strong credit, we can get loans for equipment, working capital and business expansion.

General Summary

We

opportunity to earn our client

to creatively get projects funded. No deal is too outside of the box for us. We are willing to review any

loan scenario and can quickly determine if it is something that we can do. If you have a scenario you

would like to discuss or any questions, feel free to reach out. I will include my contact information

below. I look forward to working with you.

Gateway Funding

3 Pine Valley Drive

Wilmington, NC 28412

Phone: 9103996758 x 107

Email: info@gatewayfundnc.com

Website: www.gatewayfundnc.com

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