Residential and Commercial Funding Available

 work directly with a lender and we offer the following funding programs:

$100% financing/bond funding.  This funding is 100% financing, but, the principal must be able to be able to pay for the underwriting, due diligence and appraisal fees.  We charge NO UPFRONT FEES to review a transaction.  After reviewing the transaction, we submit it to underwriting and we do a conference call.  We do some "Q & A" with the client and at the end, the client decides if they want to go forward.  They don't pay any fees until they decide And, we even give out references after the conference call.  Yes, you can call our clients and get feedback. 

Recourse Funding.  Commercial and residential loans from $25,000 up to $500,000.  This is an asset based, no-credit score and no personal guarantee loan.  We offer bank rates from 4% to 5.5%.  70% LTV based on the ARV (after repair value) of the property.  For buy/sell, it's 12-18 month interest only and for buy/sell, we can do a 5 to 10 year term based on a 20 to 30 year amortization.  

Non-Recourse Funding.  For our non-recourse lending for loans of 70% to 80% LTV based on the ARV.  So, for example:  you have a client that needs a loan for $3 million and the property is worth $5 million (refinance scenario).  Here, there is no personal guarantee and it is asset based.  The client MUST be able to show reserves and prove he can service the debt.

Should you have any other questions either e-mail me at eliteconsulting799@gmail.com or call me direct at 551-208-7661.

Thank you.

Paula Steele

551-208-7661

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Comment by Nalo Coban on February 26, 2013 at 5:47pm

Paula,  I can be reached at c_nalo@yahoo.com

 

Comment by Paula Steele on February 26, 2013 at 4:34pm

Hi Nalo,

Yes we do fund in North Carolina

Comment by Nalo Coban on February 26, 2013 at 4:20pm

Hello Paula,

Do you fund in NC?

Nalo

Comment by Marvin Benjamin on February 26, 2013 at 1:04pm

Paula Steele,

      Good afternoon Marvin Benjamin I am currently a Real Estate Investor seeking funding and downpayment assistance for a few of my current Commercial Real Estate projects.     I would like some additional information on your funding / loan programs.   All of my current Commercial Real Estate Project are all 95% - 100% occupy and 100% income producing.   Please get back to myself at your earliest convenience.   I will await your reply.

Thanks,

Real Estate Investor

Marvin Benjamin

mbuildersmerchant@gmail.com

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