I 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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I not only represent a fund, the owner of the fund is a personal friend that has allow me to market and underwrite their program; first this is not a line of credit or an joint venture with a 50/50 split. This nationwide program is a swift solution (3-5 day to fund) for real estate investors with no advance fees to worry about. Thank you, I welcome working with you.

 

    Lending for Real Estate Investors Nationwide (Short Sales, REOs, Auctions)

 

  • 100% of the Purchase base on a 60% ARV
  • Property Types: 1-4 family, wholesale purchases, short sales, REO, Multifamily, Mixed Used
  • Terms: 12 Months Interest Only with No Pre-Pay Penalties
  • Fico 650, experience will always trump your fico or your financials
  • Rate 10% to 13%, no monthly payments
  • No tax returns or Bank Statements requirements
  • Points 2-3, points that can be rolled inside the loan
  • Loan amounts: $50,000 to $5M
  • The loan can be refinance or flipped: No Pre-Pay Penalties
  • 24 hours for an email quote
  • Contract issue the same or next day
  • Funding: within 3-5 days

 

Resume, 1003, Breakdown of the rehab, recent appraisal or BPO or comps

 

 

 

 

 

Have a Powerful Day

George R. Mallory,

VP of Finance, Underwriter

Mobile: 917-653-5215

Fax: 917-591-4601

Email: russellmallory178@gmail.com

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