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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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