All Discussions Tagged 'Bankruptcy' - Real Estate Finance2024-03-28T09:27:28Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=Bankruptcy&feed=yes&xn_auth=noNew SUB PRIME Products now available in limited areastag:realestatefinance.ning.com,2013-12-07:6517464:Topic:1376352013-12-07T20:32:37.370ZJason Hookshttps://realestatefinance.ning.com/profile/JasonHooks
<p align="center"><b>NEW SUB PRIME OFFERINGS NOW AVAILABLE</b></p>
<p align="center"><b> </b><b>NO upfront fees & NO RESERVES needed on any of our Programs</b></p>
<ul>
<li><b>30 year term, 7 yr ARM on all of our loans, NO PPP & NO balloon on any program</b></li>
<li><span class="font-size-5"> <b>AZ, CA, CO, FL, ID, NV, OR, TX, UT AND WA ONLY!</b></span></li>
<li>WE can use old appraisal as long as it was done no more than 120 days old at funding. </li>
<li>No need to even change the…</li>
</ul>
<p align="center"><b>NEW SUB PRIME OFFERINGS NOW AVAILABLE</b></p>
<p align="center"><b> </b><b>NO upfront fees & NO RESERVES needed on any of our Programs</b></p>
<ul>
<li><b>30 year term, 7 yr ARM on all of our loans, NO PPP & NO balloon on any program</b></li>
<li><span class="font-size-5"> <b>AZ, CA, CO, FL, ID, NV, OR, TX, UT AND WA ONLY!</b></span></li>
<li>WE can use old appraisal as long as it was done no more than 120 days old at funding. </li>
<li>No need to even change the lender name </li>
<li>We will allow GIFTS on O/O, 2nd home & Investment properties (gift can be for FULL Down payment required on that particular loan, will need GIFT letter)</li>
<li>We allow up to 20 total properties, so we can do CASH OUT on any one of them</li>
</ul>
<p> </p>
<p><b>PROGRAM OUTLINES:</b></p>
<p> </p>
<p><span class="font-size-4"><b><u>1. BANK STATEMENT FUNDING:</u></b></span></p>
<p>We have a<b> bank statement program</b> for <b>Self Employed Only,</b> 24 months all pages,</p>
<p>you can use personal or business BS, NO TAXES, and NO 4506</p>
<p> MIN FICO for Owner Occupied Bank statement is 600</p>
<p>MIN FICO for Non Owner Bank statement is 500</p>
<p>MAX LTV for Owner Occupied Bank statement is 80 LTV</p>
<p>MAX LTV for Non Owner Occupied bank statement is 65 LTV</p>
<p>USE 100% of the deposits, do NOT use balance transfers</p>
<p> </p>
<p><span class="font-size-4"><b><u>2. We can do Stand Alone 2nd's </u></b></span></p>
<p> OWNER OCCUPIED ONLY CA AND AZ</p>
<p>MID FICO NEEDED IS 550</p>
<p>MAX CLTV IS 70%</p>
<p> </p>
<p><span class="font-size-4"><b><u>3. Coming out of a short sale ....:?</u></b></span></p>
<p> We will do 1 day out of a short sale/DIL up to, 60% LTV WITH A 500 FICO</p>
<p>We will do 1 day out of a short sale/DIL up to 65% LTV with a 550 MID FICO </p>
<p>We will do <b>1 day out of a short sale/</b>DIL up to 70 LTV with a 600 MID FICO!!!</p>
<p>We will do <b>12 months out of a short sale</b>/DIL up to 80% LTV with a 650 MID FICO- </p>
<p> </p>
<p><span class="font-size-4"><b><u>4. Coming out of a BK....?</u></b></span></p>
<p>1 DAY OUT OF BK, MAX 60 LTV, and 500 FICO REQUIRED </p>
<p>12 MONTHS OUT OF BK, 65 LTV, and 550 FICO REQUIRED</p>
<p>1 DAY OUT OF FC, MAX 60 LTV, and 500 FICO REQUIRED</p>
<p></p>
<p><span class="font-size-4"> <b><u>5. Coming out of a FORECLOSURE....?</u></b></span></p>
<p></p>
<p>12 MONTHS OUT OF FC, 65 LTV, and 550 FICO REQUIRED</p>
<p> </p>
<p>We can use old appraisal as long as it was done by a AMC (up to 120 days at funding, do NOT even need ender name changed</p>
<p>We will allow GIFTS on O/O, 2nd home & Investment properties (gift can be for FULL Down payment</p>
<p>required on that particular loan, will need GIFT letter)</p>
<p>We allow up to 20 total properties, so we can do CASH OUT on any one of them</p>
<p> </p>
<p>If you have a sub prime need that fits any of the above scenarios, contact Jason Hooks at:</p>
<p>localprivatemoney@gmail.com</p> Two new clients using our Financial Restructuring and bankruptcy Support servicestag:realestatefinance.ning.com,2013-12-02:6517464:Topic:1365402013-12-02T16:16:54.048ZH. Jack Millerhttps://realestatefinance.ning.com/profile/HJackMiller
<p>November 22, 2013</p>
<p> </p>
<p>For Immediate Release:</p>
<p>Huntingdon Valley, PA./Fort Lauderdale, FL.</p>
<p>GFCIB and Advisors, LLC a nationally recognized financial real estate advocate and advisory firm for commercial real estate owners, developers, builders and mid sized businesses announced two new engagements to restructure and provide Chapter 11 bankruptcy support services involving complicated commercial real estate partnerships in Chapter 11 Bankruptcy. The lenders have…</p>
<p>November 22, 2013</p>
<p> </p>
<p>For Immediate Release:</p>
<p>Huntingdon Valley, PA./Fort Lauderdale, FL.</p>
<p>GFCIB and Advisors, LLC a nationally recognized financial real estate advocate and advisory firm for commercial real estate owners, developers, builders and mid sized businesses announced two new engagements to restructure and provide Chapter 11 bankruptcy support services involving complicated commercial real estate partnerships in Chapter 11 Bankruptcy. The lenders have attempted to seize the subject real estate owned by these partnerships despite the significant equity contained the properties. One matter is taking placing in the U.S. Bankruptcy Court for the Southern District of New York and the other in the U.S. Bankruptcy Court of the State of New Jersey in the Trenton vicinage.</p>
<p> </p>
<p> </p>
<p>The first matter consists of a 78 unit multi-family apartment building in the Bronx, New York, and the New Jersey matter involves a large Recreational Vehicle ("RV") Park located in Central New Jersey. GFCIB was engaged by the Partnerships to craft unique financial solutions with the goal of both partnerships realizing the economic benefits it originally contemplated while simultaneously solving the issues with the lenders in manner which is fair and equitable under the law and circumstances and in the best interests of all stakeholders.</p>
<p> </p>
<p> </p>
<p>Protecting, advocating and satisfying the needs and desires of our client’s one at a time.</p>
<p>For additional information contact:</p>
<p>H. Jack Miller<br/> 215-947-2974 ext 237<br/> JackMiller@GFCIB.COM</p>