Unsecured Business Finance Program

Posted on February 2, 2011 by louisj
DID YOU KNOW
1. Did you know that there are Unsecured Business Finance programs that are NO DOC Unsecured Program and require NO financial statements or income verification of any kind? Strictly credit driven.
2. Did you know that there are Unsecured Business Finance programs that only take 2-3 weeks for a client to receive their first funding, and is usually complete within 4 to 6 weeks?
3. Did you know that to qualify for a Unsecured Business Finance program a client does not need a existing business?
4. Did you know that a business with weak financial statements and/or no taxes can still qualify for financing up to $150,000? (See #1)
5. Did you know there is a cash-out option available for the Business Finance program?
6. Did you know that many banks will offer a 0% APR for 6 months to 1 year?
7. Did you know that funding from these programs can be used for any business purpose, including payroll, inventory, equipment, and even operating capital?
8. Did you know that most funding the Business Finance programs does not report to your client’s personal credit file, but reports and builds the strength of your business credit file.
9. Did you know that the Unsecured  programs will build the strength of your client’s business credit score?
10. Did you know that No Doc financing is the perfect option for those who wish to purchase a franchise? And it’s even better for existing franchise owners who need additional operating capital!
11. Did you know that you can use funding the programs to pay off your client’s personal credit debt? This will greatly improve their credit score, enabling them to get additional funding in the future!
12. Did you know that a client  with a “C1” success rating has a great chance that within a month or two they will qualify for up to $100,000 in funding?
13. Did you know that most businesses don’t qualify for traditional loans due to poor financial statements or a bad couple years from the current economic climate, yet they can still get up to $150,000 the No Doc Business Capital program using their personal credit alone? And that they can double or triple that by adding additional guarantors?
14. Did you know that the Unsecured Business Finance program is available for all entity types including: sole proprietorships (not incorporated), C corps,  S corps, LLC\’s, DBA\’s and any person with qualifying credit?
15. Did you know that if a client wants funding but has poor personal credit they can still qualify? They just have to find a credit partner who will act as a guarantor for their business and they can potentially be setup over $100,000 in as little as 45 days! (FYI – as many as 50% of borrowers use guarantors, this is a very common practice).
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Short Sale and Keep Your Income Producing Property

Posted on January 25, 2011 by louisj

Short Sale Multifamily Property

Your rate is high, you may be facing foreclosure. Your lender will not work out a new plan to reduce your payments. Today there is a way out to reduce your payments make money with positive cash flow and keep your property. It is a short sale!

That does not make sense you may say. If you sell your property for less than you owe your current mortgage company, you no longer own the property. You sold it.

This is true.

Next if you sold it how can you receive a positive cash flow on property you just sold?

Sale Lease Back

There are companies that will buy your home from the bank if the bank is willing to negotiate a reduced price no more than 60% of the market value. The hedge fund will by at from you with the bank accepting less than what is owed to them. This is called a short sale. The company will then allow you to lease back your income producing commercial real estate based on the lower price than they paid for it. This allows you to have lower payments and profit from the increased cash flow. Though you no longer own the property the hedge fund will execute a lease back agreement that gives you the option to purchase the property within 10 years based on the value you originally owed on the property. This is a win – win win proposition.

Win Win Win

The bank wins even though they accepted less money than what was owed to them because they got a non performing asset off of their books. Too many non performing assets reduce the value of the bank and the value of its stock, increases regulatory activities and causes to have more assets in reserve than they would otherwise be required to. There is also no telling the cost to foreclose and maintain the property before it is actually sold.

The hedge fund wins as they purchase an income producing commercial property far  below value. The asset produces enough income to easily provide a good return on its investment. The sale lease back puts free management in place and a promised appreciated return on their investment of at least 60%.

The property owner wins because they are losing the property to foreclosure and the property is currently not generating the income to sustain the current mortgage. Now they can receive a positive cash flow based on much lower financing payments. Otherwise the owner would lose all rights to the property and no income. The sale lease back arrangement allows the property owner to regain ownership in 5 to 10 years.

Finally

This short sale / sale leaseback program for income producing commercial real estate is a good opportunity for real estate investors to keep their property and increase their profitability even after a short sale transaction.

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