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Hard Money/Asset Based Loans
Hard Money Loans
Hard Money - For the following loan
purposes: Acquisition, Raw Land, Bridge Financing, Construction, Bankruptcy
Discharge, Refinance, Equity Recapture, Pending Foreclosure, and Poor
Credit / Late Pay etc. will be considered; after approval, fast funding in
days, when needed, on any type of commercial real estate project; credit
challenges not a problem, all requests will be considered; loan amounts:
$500,000 to $50,000,000 per project; TERM: 1 to 3 Years; LTV: 50 to 70%;
Full-recourse; INTEREST RATE: from 13% to 18%; Points can range from 6 to
10+, depending on the specific property, the borrowers credit and the loan
amount; with NO PRE-PAYMENT PENALTY; Funding: from 20 to 45 working days.
What is Hard Money ?
Hard money is made available as privately-held funds provided in cash as
private, unconventional loans. Hard money funds are not encumbered by
extensive regulations or processes that are used by government-backed
conventional loans, therefore, hard money loans are more attractive for
financing that has to close quickly with few, if any obstacles. Hard money
loans can overcome problems that can delay needed funding and provide
relatively fast exchange of funds.
How Are Hard Money Loans Available?
Hard money is provided by investors that are interested in leveraging real
estate transactions that yield them a greater return for the use of their
money than conventional forms of investing. The investors are usually real
estate savvy and enjoy the benefits of providing private funding with
relatively small risks since the hard money transactions are sufficiently
sheltered behind a tangible property and it's equity. The hard money
exchange is a good investment move for both parties - the borrower enjoys
fast turn-around that is wanted or needed for their business property needs
and the investor enjoys a greater return for the use of his hard money
loan.
Asset Based Loans
Commercial Funding International, LLC
has a strategic relationship with a National USA Asset Based
Lender.
ASSET TYPES: Commercial Real Estate,
Equipment, Assignable Assets, Stocks, Bonds, Sports Contracts, Precious
Metals, Accounts Receivable, Cash, Gems, Fine Arts, etc.
Also, other Asset-Based collateral (potential
value) that can be used for loan purposes include:
Business Based: Accounts receivable,
aerospace leases, Bankruptcy Chapter 11, Bankruptcy receivables, Commercial
contracts, Commercial deficiency portfolios, Commercial leases,
Construction receivables, Equipment leases, Equipment timeshares,
International receivable, Letter of Credit, Medical receivables,
Partnership agreements, Purchase orders, Sports contracts, Trade acceptance
drafts, Vendor carry-back paper, and Warehouse inventory lines. Collateral
Based: Aerospace notes, Automobile notes, Business notes,
Collectibles notes, Equipment notes, Homeowner/condominium assessments,
Marine notes, Mobile home notes, Private mortgage notes, RV/Motor home/and
business vehicle notes, and Tax lien certificates and tax deeds. Consumer
Based: Cemetery pre-need contracts, Certificates of deposit,
Consumer contracts, Credit card charge-offs, Delinquent debt, Health and
country club memberships, Inheritances, Trust advances, License impounds,
Retail installment agreements, Student loans, and Timeshare and vacation
club memberships. Contingency Based: Commercial judgments,
Commissions, Consumer judgments, Corporate charitable contributions,
Franchise fees, License fees, Royalty payments (including mineral rights
fees), and Sales revenue Government Based: Farm contracts
and conservation reserve payments, Lottery winnings, and Tax refunds.
Insurance Based: Annuities, Casino winnings, corporate retirement
plans, Funeral purchase assignments, Life settlements, Prizes and awards,
and Structured settlements and class action awards.
TYPES OF LOANS: Acquisition loans,
Bridge loans, Development loans, Gap financing, Interim financing,
Mezzanine financing, 2nd and 3rd mortgages, Short-term credit resolution,
Project rescue funds for emergency situations, Factoring of accounts
receivable
LOAN AMOUNT RANGE: $500,000 TO
$50,000,000.
TIMING: Loan decisions can typically be
made within 24 hours from the receipt of the required items and documentation
needed by underwriting; after loan approval and depending on the attorney’s
time to draw up the loan agreement/contract, funding can occur within 3 to
7 days thereafter.
LOAN TERM: 6 to 12 months
LOAN TO VALUE: 50% to 90%, depending on
the asset/collateral.
To find out more about our company and how we can
contribute to your success with the acquisition of either a hard money loan
or an asset based loan, please contact us. All inquiries are held in the
strictest confidence.
Need hard money between $500,000 to $50,000,000
per project? Contact us now for your Hard Money and Asset-based Loan needs.
Also, Brokers/Consultants are welcomed, appreciated, and
protected!
Commercial Funding International, LLC
Mr. Jerry O'Neill, Managing Director
“Service to help you capitalize your
opportunities."
tel: (503) 245-2789
fax: (503) 213-7875
email:
info@commercialfundinginternational.com
Commercial Funding
International and CFI are a Trademarks of Commercial Funding International,
LLC.
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