Looking for 9 Million dollars for 300 units in Phoenix, AZ. should appraise for around 11 million based on cap rates. Loan to be short term for about 3 years then will refinance to get investors capital back. Email or post here if interested. firstname.lastname@example.org. Thank you.
We just got approved to offer a loan that is backed by insurance.
The loan is Stated Income, Stated assets, No income verification and no credit no, prepay penalty.
The loan is guaranteed by an insurance policy and it's a Principal Only Loan.
As far as I know there is no limit to the loan amount. I know that they have done $2.5M.
The insurance company is worth $50 Billion and backed by investor money.
Here's an example:
Must be owner occupied so put the utilities in your name.
$300,000 purchase or refi
Add 10.5% to the loan or $31,500
New loan amount $331,500
Divide that by 360= $920
Add the insurance policy $750 + $920= $1670 Principal payment for 360 months
No Prepayment penalty
The insurance policy is $750 up to $589,000 loan amount then its case by case. Also the insurance policy covers all your other insurance policy that you might have, auto , home, health, earthquake, hurricane, fire, flood, Travel, pet and so on.
Whats interest rate you are looking for?
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NEPCO, INC is an International Private Commercial direct lender financing projects at up to 100% either debt/equity or combination interested in the Energy, Technology, Business, Mining and Real Estate markets. Minimum loan amount is $10M US with no maximums on asset based lending. Our funding is based on strength of project not LTV or LTC.
This is non- conforming or alternative funding within a Non-Recourse structure and with no prepayment penalties. A moratorium on payments until the project is stabilized and cash flowing can be provided. (Determined on a case-by-case basis)
To start with a mutual NDA completed, executed and returned by all parties to the project. Additionally, once we know the sector of the funding request we will provide a questionnaire that must be answered in detail and returned to access risk factors and our level of interest. Your ability to prove the project is ‘fit for purpose’, the market is interested or in need and you are uniquely qualified to can satisfy this need and deliver the product to the market will determine the success of your endeavor. Our base is London, UK with US and Hong Kong offices. Our web presents is through our portal of capital providers. Glacex - www.glacex.com
We offer bank rate or better pricing. Our rates are based on the following indexes: London bank rate, Libor, US Treasury or Prime depending on the project with terms of 3, 5, 7, 10 , 15 or 20 years.
Our affiliated organizations for compliance and determining the project is ‘fit for purpose’ and lender risk mitigation are below:
Our lead legal advisor with expertise available in practically every sector CMS Cameron McKenna http://www.cms-cmck.com/Pages/default.aspx a top-10 world law firm carry out initial legal due diligence to a strict Glacex© brief. Fast ‘Go’ versus ‘No go’ assessment is their mandate here.
Cass Consulting, part of the renowned City University of London - Cass Business School http://www.cass.city.ac.uk/ , carries out a focused independent review of the investee’s business model using appropriate experts-both professional and academic.
Lockton http://www.lockton.com/ is the world’s largest private insurer, leading Lloyds of London underwriter and General Insurance broker, bringing risk mitigation expertise to schedule potential insurance ‘wraps’ of both the corporate structure and the project to be funded. With headquarters in Kansas City, MO and London they operate in over 100 countries and were awarded as one of the “best places to working” in 2013 and are renowned experts in their industry.
Our response is quick or customer service is professional and timely are our unique features separating us from the rest.
NEPCO, INC – Global Lending and Capital Formation for Projects & Assets - Ron Coleman, President 770-572-7765-ofc; email@example.com; nepcoinc1 – Skype
MACG REAL ESTATE GROUP is Now financing CONSTRUCTION, LAND DEVELOPMENT PROJECTS investor properties in...
Great for: REHABBERS & BUILDERS
We can fund Projects that range from $100,000.00 TO $2,000,000.00!!
We lend up to 80% of Purchase!
100% of Rehab/Construction!
9 Month Term
FAVORABLE CREDIT TERMS!
11%-13% Interest and 2-4 Points
*Closing cost required of Borrower
EASY 1 PAGE APPLICATION
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Email us at :firstname.lastname@example.org
We also can Refinance Your existing Commercial Real Estate Portfolio at Today’s Lower Interest Rates to you Save Thousands!
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I can help you with all sort of funding with the best interest rates and terms you could Imagine. Kindly get back to me at email@example.com so we can discuss more about this.
See attached file
I tried to see you an email and it came back to me.
Are you interested in conventional financing or hard money?
Mercury Commercial Advisors is a well established commercial mortgage broker We have extensive relationships with a wide range of lenders and financial intermediaries.
Our sister company, Mercury Capital is a direct hard money lender. We close our deals in three weeks.
By the way, the posting date is July 30, 2012 - is this deal still active?
I can be reached at: