All Discussions Tagged 'Earnest' - Real Estate Finance2024-03-28T14:48:28Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=Earnest&feed=yes&xn_auth=noEMD Fundingtag:realestatefinance.ning.com,2016-05-27:6517464:Topic:2679722016-05-27T18:52:31.084ZArnold Walkerhttps://realestatefinance.ning.com/profile/ArnoldWalker
<p><font size="4">Capital available for Ernest Money Deposits with the following parameters:</font></p>
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<p><font size="4">*</font> <font size="4"><b>$2,500 (minimum)-$50,000 (maximum)</b></font></p>
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<p><font size="4">*</font> <font size="4"><b>Quick funding decisions</b></font></p>
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<p><font size="4">*</font> <font size="4"><b>Not a loan</b></font><font size="4">; no points, no interest, no monthly payments; no up-front fees or costs…</font></p>
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<p><font size="4">Capital available for Ernest Money Deposits with the following parameters:</font></p>
<p></p>
<p><font size="4">*</font> <font size="4"><b>$2,500 (minimum)-$50,000 (maximum)</b></font></p>
<p></p>
<p><font size="4">*</font> <font size="4"><b>Quick funding decisions</b></font></p>
<p></p>
<p><font size="4">*</font> <font size="4"><b>Not a loan</b></font><font size="4">; no points, no interest, no monthly payments; no up-front fees or costs</font></p>
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<p><font size="4">*</font> <font size="4"><b>Maximum time for use of our funds is 30 days.</b></font> <font size="4">More time can be made available, on a case by case basis.</font></p>
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<p><font size="4">*</font> <font color="#00000A"><font size="4"><b>Cash-on-cash markups</b></font></font> <font color="#00000A"><font size="4">are as follows for standard 1% of purchase cost EMDs, i.e. $500,000 purchase contract x 1% = $5000. Above 1%, markups are higher.</font></font></p>
<p><font color="#00000A"><font size="4">Under $5000, 100% Example: $ 4000 EMD pays back $ 8000</font></font></p>
<p><font color="#00000A"><font size="4">$5000-$25000, 50% Example: $20000 EMD pays back $30000<br/> $25,000+, 35% Example: $45000 EMD pays back $60750</font></font></p>
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<p><font color="#00000A"><font size="4">Please note these are absolute, not annualized, percentages.</font></font></p>
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<p><font size="4">*</font> <font size="4"><b>Available in</b></font> <font color="#00000A"><font size="4"><b>all 50 states</b></font></font> <font color="#00000A"><font size="4">to rehabbers, developers, builders, mobile-home-park & RV-park buyers, commercial & industrial investors, wholesalers, etc.</font></font></p>
<p><font color="#00000A"><font size="4">*</font></font> <font size="4"><b>There are no hidden costs or up-front fees.</b></font> <font size="4">We are compensated at the close of escrow. We get paid when you get paid. Even if the escrow falls through and the transaction is canceled, there is no penalty to you. Hopefully we make money on future deals together, and that makes up for previous efforts that fell short.</font></p>
<p><font color="#00000A"><font size="4">*</font></font> <font color="#00000A"><font size="4"><b>Why EMD Funding</b></font></font><font color="#00000A"><font size="4">?</font></font></p>
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<p><font color="#00000A"><font size="4">- Don’t tie up your precious capital, use ours</font></font></p>
<p><font color="#00000A"><font size="4">- Allows you to leverage yourself into more deals</font></font></p>
<p><font color="#00000A"><font size="4">- EMD funding can mean the difference between a deal happening or not</font></font></p>
<p><font color="#00000A"><font size="4">- It can be critical when it comes to putting a property under contract</font></font></p>
<p><font color="#00000A"><font size="4">- No downsides, or costs, to you for escrows that fall through</font></font></p>
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<p><font color="#00000A"><font size="4"><u>FYI</u></font></font><font color="#00000A"><font size="4">: We do NOT normally provide EMD funds for REO, HUD, Short or raw land sales.</font></font></p> EMD Assistance (Earnest Money Deposit)tag:realestatefinance.ning.com,2016-01-20:6517464:Topic:2541192016-01-20T20:53:17.105ZDaniella Goldsteinhttps://realestatefinance.ning.com/profile/DaniellaGoldstein418
<p><span>If you need EARNEST MONEY DEPOSIT Assistance (EMD) I can refer you to somebody in the industry. EMD Assistance is available throughout the US, max amount is $10m and there is not a minimum EMD, however there is a min fee. This can be applied for residential or commercial properties. There are no credit requirements. You can contact me at uri124ch@gmail.com or call 928-278-7016.</span></p>
<p><span>If you need EARNEST MONEY DEPOSIT Assistance (EMD) I can refer you to somebody in the industry. EMD Assistance is available throughout the US, max amount is $10m and there is not a minimum EMD, however there is a min fee. This can be applied for residential or commercial properties. There are no credit requirements. You can contact me at uri124ch@gmail.com or call 928-278-7016.</span></p>