Monday, February 17, 2014
$695,000 PRIVATE MONEY LOAN For a Foreclosed Shopping Center
We are willing to go to 80% of the purchase price on foreclosed and note discount deals IF our loan amount stays under 60%.
In this instance, the property appraised at close to $900,000, so we were fine.
We can fund these types of loans in under 3 weeks. We can get you closed! Just send as much detail as you can and we'll see what we can accomplish for you.
Send all requests to us at Lgpotter33@gmail.com and provide your contact info.
Saturday, March 30, 2013
What are 3 types of Proof of Funds?
Brokerage accounts (better for higher dollar amounts), escrow accounts and bank proof of funds.
For brokerage accounts, a brokerage account will be opened in the name of whoever would be necessary for you. The account can be verified via email, phone, online and online via access code. The client will also have online access to their account. The account will be opened at the brokerage firm. This is not a bank POF program
For escrow accounts, an escrow account will be established at a licensed title & escrow company in your name or your client's name for a small fee. The account can be verified via phone, fax, email, etc.
Brokerage accounts can be in Euro or USD and will be much cheaper. Escrow accounts have to be in USD.
For bank POFs in the client's name, the client will need to provide collateral. When they provide the collateral, there are no restrictions on the funds. Pretty much any kind of collateral would be acceptable. It would be much easier for them to present collateral and we can let them know if it is acceptable or not.
The only other option would be a bank account POF in the name of the lender. The lender would first have to approve the use of the account.
Note: BG and SBLCs also available. For more info: lgpotter33@gmail.com
Tuesday, May 22, 2012
Business or Personal Unsecured Lines of Credit up to $200,000
Get Your Business Funding Today
In these tough economic times, business funding is essential for
businesses of all sizes. Obtain business funding today by submitting
your information and we’ll make sure you are a success.
Receive up to $200,000 in as little as 45 days!
- SBA Loans & Business Lines of Credit.
- 0% Interest Introductory Specials.
- Fast Funding - 24 Hour Approvals.
Say Yes! Get Your Business Credit TODAY...
Where???? Right here----> http://budurl.com/BusinessFinance
Monday, April 30, 2012
SBLC - Standby Letters Of Credit
Wednesday, April 25, 2012
Rent our money short or long term!
• Show of down payment
• Bond Requirement
• Proof of Liquidity
• Proof of Collateral
Friday, April 13, 2012
What Are Private Money Loans?
There is a lot of confusion and misconceptions surrounding what is meant by private money loans, which is also referred to as "hard money loans".
The basic premise of private money lending is that private individuals with money to invest often loan that money, generally on real estate secured transactions, with the intention to receive a fair return (based on risk) on their investment.
Some private investors go on to form a corporate entity, and utilize lines of credit as a source for the funds that they loan - and this is where the boundaries begin to become a little hazy (as these private investors may begin to look a little like institutions).
One defining characteristic of private money is the process and criteria by which the funds are allocated to loans. Private money is quite different than institutional money in the many ways which will be covered at another time.
Currently, loans are being made in Georgia, Montana, Oklahoma, Alaska, Wyoming, Texas, Nevada, Colorado, New York, Idaho, California and Florida.
For more info, contact us at Lgpotter33@gmail.com