Need financing for commercial real estate---mostly credit tenants

[Ben Ennis]

I have been in the commercial real estate development business for 35 years.  We have lots of prime real estate such as 4 buildings leased to banks, a number of fast foods in prime locations, offices, etc.  In 2005 I signed a line of credit for my son's large home building business.  He was building 600-1000 homes per year.  I had a 50% interest in the company but sold my interest to him in 2006 as he wanted to get larger and I wanted to be more diversified.  With all the banks combined, he had around $80,000,000 in an operating line of credit.  I quit signing on all of the bank documents and thought that I was completely free from any of the home building loans.  One of the banks had did modifications 10-12 times on the line of credit and I was under the impression that the modifications relieved me of any further obligation as I did not sign on them.  The court ruled that as long as the line of credit was not increased, I was liable.  It was one of the big 3 banks and they forced me into personal bankruptcy and attacked me with a full frontal assault.  I am now discharged from bankruptcy and we are in the process of repurchasing our properties as our basis is very low in all of them and so they have to deduct the taxes that would have had to have been paid and an 8% marketing fee.  On most of the properties, that puts us at about 50% of market value.  We have not had a late payment before or during bankruptcy except for some shopping centers that the banks agreed to take back as they were new and not completely leased, therefore, they were not cash flowing.  We are very active in our Church and our Church college has comitted $6,000,000 and are not even asking for appraisals as they know me and my reputation.  We need about another $3-4,000,000 to repurchase the balance of the properties.  We would really like to work with a lender that would provide us with long term take out financing in 18 months as well as the funds to exit bankruptcy.  Our Church college is providing fianancing at 8% with no points and no appraisals.  We realize that is a unique situation but our threshhold is 10% or less, maximum of 2 points, amortized and no pre-payment charges.  And of course, the plum would be that they could get the take out financing on $9-10,000,000 but we would need to put a ceiling on what we would pay or buy a comittment at this time.  We have a long list of achievements such as my being inducted into the California Builders Hall of Fame, Man of the Decade by our local chapter, California medium size business of the year, Contributor of the Year for California Community Colleges (Disney was second), and the list goes on.  Bottom line is that we have a great portfolio, did not go into bankruptcy because of bad business practices on our part, and the properties will have a healthy cash flow even after we repurchase them.  If you can help us by meeting or doing better than our above requirements, please contact us.  If you want upfront fees, you are not the type of lender we are looking for.  We would welcome you to contact our bank, the local Chamber of Commerce, Commercial Brokers, etc. to check our reputation.  Contact Ennis Commercial Properties.  Pam Ennis at 559 782-6000 ext 105 or Ben Ennis at ext 104.  If we find that we are compatible, we will give our cell phone #'s to you after our first conversation.  Sorry to sound a little bit arrogant, but we are not your average bankruptcy client and we have only talked to a couple of brokers and have found that their agenda was such that they talked a good story but when it got down to performing, they just wanted the information to put out to multiple brokers.  You will find that we have documents that will provide you with the information that you need without wasting your time

Thank you

[Ron Coleman]

Ben,

Investment banking group offering 100% funding either debt or equity or combination worldwide- $1M and above!  Funding based on strength of project not LTV or LTC.  We fund in the Energy, Technology, Mining, Real Estate and Business sectors. 30 year proven track record!  

 

It is our goal to offer you a quick, transparent and professional experience along with the most efficient service to fund your project.  We provide 100% of borrower’s capital request in the form of debt, equity or a combination and allow all documented expense paid by the borrower to be stacked on top of the funds requested.  We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.  (Determined on a case-by-case basis)

 

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 returned to access risk factors and determine our interest.   We are fully transparent and provide all the information for you to make an intelligent decision on doing business with us.  If the project has merit with strong principal, a very good plan, capital to support the project until funding we can get you through our in-house underwriting to funding.  We offer bank rate or better pricing not hard money.  Our rates are  based on the following indexes: Libor, Bond rate, 10-year Treasury or Prime depending on the project with terms of 3, 5, 7, 10 , 15 or 20 years.  Minimum loan amount is $1M US with no maximums on asset based lending. 

 

Required Documentation: (for submission)

The following documents will be necessary to successfully underwrite and fund your project:

• Business Plan or Executive Summary with actual or proforma income statements 3 -5 years
• Balance Sheet/Financial Statement/Cash Flow/P & L with YTD less than 90 days old (if applicable)
• Copy of Appraisal or other valuation (if available)
• Expanded Resumes of all principals
• Line Item Detailed Use of Funds for short-term and long-term projections
• Financial statement-Corporate/Personal

 

 You will need to show proof of funds invested to date in the project (if applicable), ability to pay for third party expenses including a site visit, a need and necessity study (mini feasibility) along with legal and due diligence.  This is not upfront but after you receive an expression of interest in writing from the lender along with lender contact and documentation for your due diligence. My job is to get you through our in-house underwriting and to funding!  We believe that relationship is critical if we are to be successful with our business venture and without a good relationship we will not be a good financial partner. 

 

(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.

 

Ron Coleman

NEPCO, INC - GLOBAL CONSORTIUM - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS

[e-mail]  770-572-7765        nepcoinc1 -Skype

[1wz86l11ixcum]

Hello,
Am a private lender willing to work with you, Contact me to visit the company website for more info on direct funding, asset protection, credit repair, business solutions and much more. Email#  [e-mail]

[Jeffrey Freis]

Jeffrey B. Freis Associates, Inc. is a private investment bank with an active real estate finance division.

Jeffrey B. Freis, President

Jeffrey B. Freis Associates, Inc.

Tel: [phone]

Fax:[phone]

Email: [e-mail]

www.jbfreisassociates.com

[Linda King]

Ben - Depending on what your needs are, I might be able to help out!

• Fast 24-Hour Approvals
• Funding in as little as 2 weeks
• 0% Introductory Interest Rate Specials
• No Financials Needed - No Collateral Necessary
• Bad Credit? No Problem. Use a Business Partner

Receive $10,000 - $1,000,000 in as little as two weeks! No financials or collateral required.

Visit our online info site with instant appllication for 24hr approval at LegacyFinanceNeeds  OR

Contact me direct if you would like!

Linda King, Owner                                                                                                                                                          Legacy Asset Solutions

6420 Rea Rd., Suite A1340 Charlotte, NC 28277                                                                                                                407-340-2319 cell EDT                                                                                                                 [e-mail]

[Mark Spencer]

We can help you with the loan. We offer personal, company and business loans to individuals and companies in severe need. Apply now and get your financial problems solved. The interest rate is 3% yearly. Contact us via e-mail: [e-mail]

[Felix Lopez]

    Need Money For Your Business? We Can Help…

               Whether you are a startup or you’ve been in business for years, we can help!

Get Funding Now…

1. Get Up To $200,000 For Your Business
2. Fast 24-Hour Approvals, 2-Week Funding
3. 0% Introductory Interest Rate Specials
4. Startups Welcome; No Business History Needed
5. Retirement rollover program available
6. Free Legal and Small Business Consulting Included
7. Bad Credit? Credit Partners Accepted!
8. Absolutely No Upfront Fees Required!
9. No Financials Needed -- No Collateral Needed

 

In the last 13 years we’ve helped thousands of people just like you. During 2013 we raised over $38 Million for business owners all across the United States. If you need funding, we can help.

 

Contact us today, for your free analysis and explanation of what options exist for you.

Visit: www.financeneeds.com/7397

Or call Felix at [phone]

Email: [e-mail]

You can also reach

Courtney Lawrence:

Phone:  [phone] | Fax:   [phone]

Email: [e-mail]

 

[Leah Pollack]

Wow Ben, What a situation!!

I hope I can help you, and we can build a long and strong relationship.

Im a broker at Eastern Union funding, I would love to have a look at this deal or anything else you might be working on, and see what we can do for you. We work with over 50 lenders so depending on the deal and setup we will get the best out there.

We are currently getting rates from the low 3's to the high 4's.

I'd love to take a look at your deal and show you what we can do.

Rates are the moving target. I will not let you down, After I see the deal put together I will get feelers within a day. Trust me, I will get you the best the market has to offer.

Please send the setup of the properties to [e-mail] and I will get back to you with the rates within the first 48 hours.

We are proud of our position as the country’s second largest privately owned commercial mortgage company on a transaction volume basis, and want to assure you that we have the knowledge, connections, and expertise to close your deal and get it done right. Over the past decade, we have developed deep-rooted, strong relationships with dozens of savings banks, government agencies and Wall Street lenders nationwide.

This broad network gives us the flexibility and resources to customize the best deal for our clients and is the reason we have developed a reputation for providing the most aggressive rates and the highest level of customer satisfaction in the industry. Our unique position and high volume has already brought us well within our goal of closing $3 billion this year.

Looking forward to working together with you!