I own outright several pieces of real estate. Conservative value $450,000+. I need to raise capital for a business expansion. Looking for $250,000. I am willing to put up the real estate up as collateral for the loan. Must be non recourse, as the real estate is in a self-directed IRA. All particulars to be discussed with potential lenders. Looking for a bridge loan till real estate sells. Please contact me if you are interested.
MICRO LOAN PROGRAM - $100K-$900K
To start we need a mutual NDA completed, executed and returned by all parties to the project. Additionally, once we know the sector of the funding request i.e. Energy, Technology, Mining, Real Estate or Business we will provide a questionnaire that must be answered in detail and return which helps to access risk factors and determine our interest. We are fully transparent and provide all the information for principal to make an intelligent decision on doing business with us. If the project has merit with strong principals, a very good plan, the principal has enough liquidity to support their project and are honest and cooperative we have an interest and can normally get them through our in-house underwriting to funding.
Required Documentation: (for submission)
The following documents will be necessary to successfully underwrite and fund your project:
We will need you to show proof of funds invested to date in the project (if applicable), liquidity (cash in hand) to pay for third party expenses which includes an application and due diligence and engagement charge. This is not upfront but after they receive an expression of interest in writing from the lender and after a call and information provided on the lender for their due diligence.
Client will need minimum of 680-720 credit score. Our LTV is 80% - 90%; Terms are 5, 7, 10, 15 or 20 years; Interest is bank rate or better (we are not a hard money lender). Normal timeline to close is 30-45 days but is client dependent.
(The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):
“If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.” I have 27 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.
NEPCO, INC - GLOBAL CONSORTIUM - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS
770-572-7765 firstname.lastname@example.org nepcoinc1 -Skype
Sounds like a interesting project. If you haven't already been taken care of contact me by email to discuss this project. I have many lenders that could take care of this.
Sandwood Commercial Finance. email@example.com
I may be of assistance............... firstname.lastname@example.org 401-525-6544