Posts Tagged ‘funding solutions’

How to Vet Out Your Lender…

Oct 4th, 10 / 0 Comments

After getting beat up by traditional lenders, I started searching for alternative lending sources.  Hard Money, Private lenders, and bridge lenders.
I had many colleagues having the same issue with traditional lenders.
Since this is such a common issue right now, I developed strong relationships with a couple of preferred hedge funds to help get deals done.

You must be careful who you deal with in this market of “Alternative Lending”.  You need to be sure whomever you work with is not out to just get an upfront fee.
Additionally, you need to find out where the capital is coming from and you want to make sure that lender has the capital on hand, not just “committed capital.”  These types of loans are scrutinized heavily and there is much due diligence that goes on for a commercial property.
You should also perform your own due diligence on your potential lender, the good one’s will expect that and will be more than happy to prove it to you.

Think about this, if you let your EMD go hard, you better be sure that the lender you are working with can actually fund your deal.  Once that EMD goes hard, you are going to lose it if your lender can’t come to the table with the capital.  How would you like to lose a 250K earnest money deposit because you didn’t do your own due diligence on your lender?

Here are two quick points that you can do once you have an agreement from your lender that they will do the deal.

* References – Ask for references of recent deals similar to yours that they have successfully funded… make sure they are recent.
* Proof of Funds – Ask for a proof of funds letter.  Most frequently, this should be on the lender attorney’s letterhead.

Those two steps will save you a bunch of heartache.  There are other ways to vet out your lender, but these two are the most important steps.

I am now sourcing deals for several hedge fund lenders that focus on commercial real estate backed bridge loans.
If you have a project that you need funding for and have been turned down by traditional lenders or just know that they will never fund it and you don’t want to waste your time, I would be happy to discuss your deal and see what program it may fit into.

Even if you have a deal that may be able to be funded by a traditional lender, bridge capital may be your best option if you need to get a great deal on a distressed property.

Traditional lenders take typically 90-180 days or more to fund a commercial deal.  Contrast that with a bridge loan which can be closed in less than 30 days.

If you were a seller, would you rather get your money in 30 days or 180?  Many lenders for REO properties can not wait that long for a property to come off their books.

With this in mind, whom do you think is going to get the best price on an asset, someone with quick close bridge capital or someone with a traditional lender that will have to wait to get funded?

Some borrowers that have been offered principal reductions on their current loan can not even go to a traditional bank.  If the FDIC has the loan from a failed institution, they may require that they be taken out by a Non-FDIC insured institution.  This is another area where a bridge lender excels.

Once you have taken down the asset with bridge capital and the property is stabilized, then you can refinance into agency paper for a better rate and longer terms.

The bridge lenders I work with do NOT charge upfront fees.
I have a capabilities presentation you can review.
They will provide the proof you need to vet them out.

Leave me a comment here to discuss your commercial loan request or download your report at the link below and then get in touch with me.

Marshall

http://GetCommercialFundingHelp.com/bizloan/

You need to know this information on how to vet out your real estate lender.

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Commercial Real Estate Investing, Funding Solutions, Funding Sources For Real Estate Investors

Required Documentation For Commercial Bridge Loan Capital Consideration

Sep 21st, 10 / 0 Comments

I put together a list of everything we will need to get your funding request approved for a commercial bridge loan.

For the fastest review of your funding request, be prepared to provide the following documentation:  (After initial review we will need additional documentation for verification, but this will allow us to get started)

_______Executive Summary for the project or funding request.

_______Existing mortgage loan information

_______Personal financial statement and schedule of real estate owned for each principal borrower (Anyone with 20%+ Ownership

_______Past Two Years Financial Statements for the property certified by your CPA

_______Interim Financial Statements for property or business certified by your CPA

_______Current Rent Roll certified by sponsor

_______List of capital improvements performed within the last two years (include dollar amount and completion date) certified by sponsor

If you would like a more detailed plan of how to get your loan request approved, check out our free report at this link.

http://GetCommercialFundingHelp.com

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commercial real estate, Commercial Real Estate Investing, Funding Sources For Real Estate Investors

Guaranteed Real Estate Funding…

Mar 22nd, 10 / 0 Comments

Doug Fath just posted his new “Guaranteed Funding”
video and I wanted to make sure you were one of the
first to see it . . .  There is no opt-in or e-mail address required.

Just go watch the video at my link below.

====>  http://rapidreiresults.com/shfund

This is the video that shows you how to get
Guaranteed Funding for your Student Housing
deals even if you’re credit sucks and you don’t
have any funds . . .

And you’ll never even have to talk to a bank.

====>  http://rapidreiresults.com/shfund

A lot of folks have been asking Doug for this
video, and I really think it’s the best video he’s
EVER made…

====>  http://rapidreiresults.com/shfund

Check it out now and see for yourself…

Marshall

Disclosure: I am an affiliate for Doug’s product.  I fully believe in what he has put together for you and I would NOT be referring you to him if I didn’t think it was a quality product.  Do your own due diligence before purchasing anything from anyone.  With that said, if you decide to purchase training from Doug or anyone else I may refer you to in the future, my company will likely be compensated.  Fair enough?

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Funding Sources For Real Estate Investors, Student Housing

Another Free Video Just Released – Iron Clad Lease Agreement

Mar 19th, 10 / 0 Comments

If you haven’t checked these videos out, you are really missing out.
The comments on the video site are going crazy… hundreds of people weighing in on the videos.

The latest is going over Doug’s ironclad lease agreement for his “Nightmare niche” that keeps his business out of trouble and keeps his mostly hand off approach intact.

Go check out the videos. You have to sign up for them first though.

====>  Click here, enter your name and e-mail and

I will send you over to the video page.

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real estate investing, Student Housing

Free Real Estate Training Videos … and IRON CLAD Lease Agreement ideas…

Mar 18th, 10 / 0 Comments

I mentioned a video the other day that a friend of mine has for you.
Well, there’s another video and it won’t cost you a dime…
If you haven’t seen it yet, go grab your access right here or read on for more info.

This guy, Doug, is focused only on one specific niche in real estate
right now and has been for the past several years. I have talked
with him several times over the past couple of weeks and
he seriously has this thing figured out down to the last dotted line.

He is flat out giving away so much on these videos
that I think he is nuts. I learned something that I’m going to
port over to my regular rentals regarding collection of rent.

Go to the link below and you will see 3 different videos that he
has on
his website for you explaining how he is investing in this
particular niche in real estate. It’s NOT what you think, not
foreclosures, it’s not short sales, it’s not junker properties
in the hood… trust me, no one is talking about this real estate
niche right now, especially not the “main stream media.”

It’s an often forgotten niche and has not been talked about
in many years.

The video is free and packed with actual useable information…
It won’t take you forever but it will be well worth it so
make sure you take notes as this video will likely not
be up for long.

If you got my email a few days ago, you
know that Doug is pretty “weird” for a real
estate investor . . .

He’s only 28 (but is already financially free) . . .

He takes MASSIVE amounts of time off
(he spent 3 months in Asia and Australia
last year) . . .

He’s never even TOUCHED a foreclosure
deal . . .

He doesn’t spend any time wrestling
with tenants . . .

And the ONLY thing he invests in is a
“weird,” real estate niche that SCARES
THE HECK out of most people . . . just
like many people are regarding rentals.

. . . (but that’s growing like crazy and is
REALLY easy to get into if you know
what you’re doing.)

In today’s video, Doug reveals his “instant”
system for making moolah now in this so
called “nightmare” market.

Doug’s a big fan of “long term wealth” just like I am,
but he knows what it’s like to need funds
RIGHT NOW . . . so he put together
this “instant” video . .

And by “instant” I mean “instant” (this is coffee fast).

Check it out.

To Your Success,

Marshall

P.S. Personally, I think Doug gives a little
TOO much away in this video.

Doug used to be a substitute teacher in
NYC (before he made it BIG in real estate)
and tends to give away the good stuff
without really thinking about it.

Even if you never do any business
with Doug in the future (because, yeah,
he has something really cool coming up)

you’ll learn a ton from watching these

videos so take good notes.


Disclosure: If you decide to ultimately purchase something that I recommend on my website in the now or in the future, I may be compensated for it. I will only recommend products that I firmly believe in but you must do your own due diligence and also decide if it is something you can actually utilize. This is not purported to be some silly get rich quick scheme. You must work to be successful in any endeavor. If you don’t plan on working, you should not be in business and definitely shouldn’t purchase anything that you are not going to commit your time to implementing.

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real estate investing

Unbelievable Real Estate Niche… 30% appreciation over the past two years!!!

Mar 15th, 10 / 0 Comments

You’ve probably never heard of my friend
Doug . . .

But you need to listen to every word
he says in this short (and awesome)
video . . .

Why?

Because even though he’s not a big “guru”
Doug’s figured out how to turn the biggest
“Nightmare” niche in all of Real Estate
investing into an easy “cash cow”. . .

In fact, Doug makes six figures a year
from his “Nightmare” niche (that everybody
else is afraid of) while working just 6 hours
a week . . .

(Pretty cool life, huh?)

This video he just released is getting RAVE reviews.
Enter your e-mail address below and I will send you right over
to the video.
 When Doug first told me his niche I thought he was full of it . . . (no WAY it can be THAT easy) . . . But when I watched the video it all “clicked” for me . . . And I bet it will for you too. To your success, Marshall P.S. What is the “nightmare” niche? You gotta watch the video to find out (it’s worth it.)

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real estate investing

How are you funding your real estate deals? Seasoned real estate investors only

Mar 8th, 10 / 0 Comments

Do you have your own bank setup so you can strike quickly on any deal?

If you are well beyond getting your first few real estate investments under your belt, do you have the funding you need?

Well, what if you could just fund yourself.
What if you could fund yourself and all of the smart deals your friends have as well.

Find out Tuesday night how to get there.
Put your name and e-mail address in below and you will receive further instructions on how to join us.

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Funding Sources For Real Estate Investors

Housing Help for 5 states, why only 5?

Feb 19th, 10 / 0 Comments

Seriously, why is Obama picking just 5 states to help out with the foreclosure crisis to the tune of an additional $1.5 billion???

I do not understand this logic at all.
We already have programs in place to help with affordable housing.
The banks already have loan modification/workout groups and loss mitigation departments.
The banks will already do a short sale which, many times is a better solution for the homeowner than a loan modification. (This is not legal advice either, but the options are there).

See the article below.
http://cli.gs/zgjTyz

The administration and the government as a whole need to focus 100% of their attention on how they can spur the private sector to expand and create more jobs.
The clues are right there in the article folks.
(Hint, it’s not going to happen if you increase taxes)

It is all about jobs, JOBS JOBS!!!!!

We can’t spend our way out of this by throwing money at more government programs and handouts!

The private sector can get the economy going again if they have access to funding.
Right now, they can’t get the funding they need so they are not hiring.
Thus, no one is producing anything and since 10% of the country is not working (Actually much higher if you take into account the number of people that are not looking for work right now), no one is buying anything.

Look at the housing sector. The only reason that housing has had an increase in anything is because of the tax credit for home buyers. Without that incentive (A tax reduction incentive) the housing numbers would be abysmal.

How is dumping more money to save someone’s underwater mortgage going to help the private sector?
The only people that will help in the long run are the government workers (Which we keep getting more and more of) and the BANKS!!!

The big banks all made money last year right?
What did the banks do to actually help the economy though? Nothing.
They did not lend any money out.
We the people forcibly loaned the banks money and they turned around and horded it and bought smaller banks to get more access to your money.

The government needs to help small businesses get more funding and then step back and get their hands off the economy. Don’t increase taxes, don’t overhaul our insurance programs which will increase taxes and greatly expand government. They just need to back off. Spending tax payer money just so you can say we are doing SOMETHING is just plain stupid. Obviously, the stimulus program has not helped. Over the last year, what has happened? Has the economy gotten better? Unemployment numbers haven’t.

One thing the government is doing that I support is they do have some programs to help investors supply affordable housing and to rehabilitate commercial properties. Why do I support this? Because it puts construction crews to work and it creates safe, affordable housing. This helps spur the private sector.

If you want to join me for a webinar on some of the available Government Funding Options for Real Estate Investors, enter your name and e-mail address below.
I’ll be holding an encore call on Tuesday night, Feb. 23 at 9:00 PM EST.

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commercial real estate, Commercial Real Estate Investing, Forbearance and Loan Modifications, Funding Solutions, real estate investing, Short Sale Investing & Pre-Foreclosure, Uncategorized

Bad News… More Bank Failures

Jan 30th, 10 / 1 Comment

Hey, did you hear the news?

Unless you get direct updates from the FDIC, you probably haven’t heard this yet. SIX (6) banks went belly up on Friday. That is a total of 15 for the year!! Last year, we only lost 140. Yeah right, ONLY 140. That was a HUGE number. This year is going to be an even bigger year of banks closing. I’ll bet that we see between 200-250 banks get shutdown.

So… WHO do you think is the most motivated seller out there right now? They don’t want you to know it and they put up a great front, but the banks and other lenders are the MOST motivated sellers for today and likely for the next 2-3 years. Why are they so motivated?

It’s simple actually, but not intuitive. The banks are getting hammered by the FDIC right now, so much so, the FDIC can not even keep up with the numbers of banks that they need to close. If the FDIC had the manpower and a way to handle it all, they would likely get it all over with quickly like ripping off a band-aid… but they can NOT handle all of the volume.

The Office of Thrift Supervision is one of the agencies that goes in and examines the banks’ books. If the bank is found to be out of compliance in the number of performing loans to non-performing loans and the amount of cash on hand, they have serious consequences.
So serious in fact, if the deficiencies are not corrected quickly, they come in and close down the bank. That is why you can bank on at least 2-5 banks closing on any given Friday right now.

What’s even worse, to help correct the issue, banks are calling commercial loans due to build up their cash reserves. The strange thing is, they are calling the PERFORMING LOANS due!!! They are then taking significant discounts on even performing loans just to raise cash. The reason the call commercial loans due is because they CAN. It is written into most of the commercial loans out there that the bank can call them due.

So, how can YOU take advantage of this situation?

If not more importantly, how can you HELP in this situation? Well, you and I are not going to fix this problem ourselves, it is just too big. However, there are several ways to help sellers, the banks and your own wallet in this economy. First, you need to arm yourself with the knowledge and the capital to get it done.

Good news!! If you are already dabbling with commercial real estate, or you think you’d like to, there are many ways to get involved. I suggest start small, learn the language and get relationships.
I will be hosting some webinars over the next several weeks to help you in that education process.

Also, if you missed my webinar on Thursday night, go below for the encore call.
You’ll see why once you get a chance to see it.

My guest has a way to accelerate your involvement in commercial real estate by hooking you up with funding straight from Government agencies that MUST lend this money out. In fact, they added an additional $4.5 Billion to this amount in 2009… Tons of it is still available.

If you tried to get on the call Thursday and couldn’t get connected, I would like to apologize. We had an issue with the original webinar link so we had to create a new meeting. A few people e-mailed me to let me know they connected but only saw a blank screen. So, I’m very sorry about the issue. To make up for it, Tuesday night I’m hosting an encore webinar.

Anyway, enter your name and e-mail address below for the replay.

***************************************************
Enter your name and e-mail address here for access to the encore of our webinar on Government Funding Solutions for Investors and Developers. It happens Tuesday, February 23rd at 9:00 PM EST, 6:00 PM PT.


***************************************************

We covered a TON of the questions that everyone sent in during the registration, and some of mine, too.

Of note, Sean went over:
• Low Income Housing Tax Credits
• HUD Programs
• Section 8
• The effect of the economic stimulus bill on us investors
• What the foreclosure bill has done to the market
• How much government money is available to us
• Soft financing programs
• Real live case studies
• And so much more

Full Disclosure: While Sean covered some great content on the call and there is no charge for the webinar, he can’t possibly teach you everything you need to know in a 1 hour webinar. There is an offer at the end to get further training and support from Sean.
If you decide to purchase his program, my company will be compensated and you’ll be helping me feed our children. :)
Just need to let you know that.

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commercial real estate, Commercial Real Estate Investing, Funding Solutions, Funding Sources For Real Estate Investors, real estate investing, Uncategorized

Affordable Housing Demand at an All Time High

Jan 25th, 10 / 6 Comments

Guest article written by: Sean Carpenter

Foreclosures, Foreclosures, Foreclosures. That is a very popular term these days and yet folks are queasy about the investment real estate market.

Where do homeowners go when they lose their house?

Market rate housing or subsidized housing?

Traditionally, people do not have anything upon foreclosure and market rents are staying high in competitive markets. This leaves the affordable market as a great source for former homeowners.

A recent Associated Press Article outlined this crisis but also warned of another pending crisis.

The value of tax credits – what us developers are often given by the government when doing large deals – is worthless.

Keep reading…

“The government knows there is a crisis” and are looking for ways to fix it.

In fact, as I have been saying quite frequently, the Stimulus Bill is actually providing for holders of tax credits through the tax credit exchange program.

This isn’t bad, this is good!

So instead of working your tail off to get the tax credits, then getting your award, you now may not need to seek a investors.

Why? Because they are buying the credits back!

It’s time to figure out what deals are working and how best to get that next deal structured. Look for areas hard hit by foreclosures and see if you can put a larger scale project together.

The tax credits come through and you can either search for an investor or seek government assistance.

Easy enough? Don’t forget your developer fee – yep, that’s cash at closing!

–

Sean Carpenter is the nation’s leading expert on Government Deal Funding for Real Estate Investors and Developers and has spent the last 12 years both consulting and getting funding for his own deals. I hosted a special webinar with Sean a few weeks ago. Currently, I have a replay of the webinar available. On the replay, you will find out about what’s involved in getting funding for your deals courtesy of Uncle Sam.

Enter your name and e-mail address below to reserve your spot for the webinar replay and find out more about what we covered. This is a very hot topic with all of the bail out money being thrown into the economy. The replay is available as soon as you verify your e-mail address. You will be able to watch it right away.

______________________________
Material Connection Disclosure: If you click on a link on this website, you may be using an affiliate link. This means I may be compensated if you purchase something from the company on the other end of the link.

Disclaimer: This is not legal advice or even financial advice. The opinions and information here are written to entertain and inform you of my experiences from Real Estate Investing. I can’t possibly know your financial situation or whether you will have the ability, motivation or determination to put forth the effort that is required to put a system or idea in motion to profit from it.

Before embarking on any business venture, you should consult with your financial advisor, accountant, lawyer and other professionals to help you determine if it is a worthwhile venture and to discuss the risks. I make no claims about how much money YOU will make with any of the information shared here on this site or any other website or e-mail that I may send you.

As in ANY business, your results will vary based on your own knowledge, determination, motivation and financial resources available to you.
____________________________________

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Funding Sources For Real Estate Investors

Join My Newsletter List and Get the Following: 1) My $97 eCourse on marketing your RE Biz. 2) Priority Notification of upcoming training calls. 3) Post your properties on my website.

Join My Newsletter List and Get the Following: 1) My $97 eCourse on marketing your RE Biz. 2) Priority Notification of upcoming training calls. 3) Post your properties on my website.