Funding is sought in three phases for the historic Skykomish Hotel renovation project:
1. $400,000 USD Hard Money loan with a 40% LTV and pre-paid interest at market rate terms. Loan proceeds will clear all liens and encumbrances and allow us to exercise our ‘Right of Redemption’ on the historic Skykomish Hotel which expires Monday, March 14, 2016. This loan will be secured by a first lien.
Links to view EPO on our encrypted cloud service:
EPO Exhibits: http://tinyurl.com/SkyHotelEPO-Exhibits
2. Following completion of phase 1, $1,928,000 USD Construction Financing will be needed at market rate terms. Proceeds will be used to complete ongoing renovations.
Link to view the ProForma on our fully encrypted cloud service: http://tinyurl.com/SkyHotelProForma
3. Take-Out funding with a 70% LTV is sought at market rate interest, 20 year amortization and balloon in 5 years to retire both Hard Money and Construction Financing loans as renovations are concluded on or about November 18, 2016.
Link to view the complete and detailed Development Financing Proposal on our fully encrypted cloud service:
Please contact me directly with any questions, comments or feedback. If this just isn’t right for you, we’d appreciate your forwarding it to colleagues and competitors who may be interested.
Email: manager (at) investorspropertyservices (dot) com
Cell: (206) 650-9904
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William J Sheppard is operating a scam. Rapid Loans, LLC, William J Sheppard and Howard Lambert is one of many names and companies that are being used. This group says they are a private lender. They approve you with very little docs. They then tell you that you need to send an Origination Fee. In my case it was $1250 before the loan can fund. They have you send the money to a random persons account (someone else they are scamming). When it comes time for the loan to fund, they say another fee is needed. In my case this was $2892 for insurance which again was sent to an account which was not in the company name. Yes, I know I was naive. They promise this is the only other fee. I was strapped at the time so I paid it. Again, come time for the loan to fund the 2nd time and they say another fee is needed. In my case it was a VAT fee for $4252. I refused to pay it and asked for a refund per the contract. since, they have given me the run around about getting my refund. I have extensive info on connected companies and names. I have spoken with the lady who's account I transferred too. She is a widow on a fixed income and he told her she was getting a loan too. Other company names used: PMP Direct Lending, Wright Place Loan Firm, Michael Hunter Ltd, Garret Clif Investment, CAHPS, LLC, WJS Capital Management, and Frank Eugene LLC (there are about 25 more with less relevance. Other names used: Charles Wright, Tony Looney, Adam Sandal, Michael Hunter, David P France, William J Sheppard, Paz Reibman, John Cronin, Frank Eugene, Marleny Roman, and Regina Oresjovich (there are also others with less relevance). I have been in contact with many who have been scammed by the same group. I am still building my list. I also have over 300 pages of evidence. I have filed a complaint with the BBB because the banks used stated this was required. My lawyer is also in the process of putting a formal complaint together. This should be filed Monday. The police stated this is Business Fraud, Loan Fraud, Wire Fraud and Scamming. I also have a breech of contract.
If you are still seeking funding just visit my website at http://www.samuelcthomas.com
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