Iwork directly with a private commercial insurance company who funds all types of projects (Mining, IT, Gas/Oil, Etc.,). They also do Real Estate transactions (see below). This is not a Bank or Equity Investor.I make the request on behalf of the client for an application packet. After the client receives and submits their application they will receive a quote and will be contacted by the insurance transaction team if pre-approved. If client wishes to proceed they will receive an invoice (see below) by insurance company. Once invoice is paid the client will receive approval letter.
Unlike a bank, the insurance company makes their money oX the insurance, insurance products and reinsurance.
Real Estate projects they finance are single family residence (SFR) and commercial loans (all property types, incl. land).
REAL ESTATE TRANSACTION HIGHLIGHTS:
- 100% Financing. No LTV restrictions.
- All property types, including land loans. No property restrictions.
- Purchase, Purchase/Rehab, Refinance, Refinance/Rehab) and construction.
- 30 Year term, with no pre-payment penalty.
- Approximately (+/-) 1% fixed rate. No rate restrictions.
- No Credit Check (FICO). Asset based.
- Minimum loan amount is $350,000 and upward. No maximum.
COMMERCIAL TRANSACTION INVOICE = Approximately 25 percent of loan amount (bond premium and loan fees). Client is given ample time to pay invoice after receiving a quote from underwriting on approval. Must be paid in order to proceed.
RESIDENTIAL TRANSACTION INVOICE = Approximately 3 percent of loan amount (includes bond premium and loan fees). The client pays invoice after receiving their quote from underwriting on approval. Must be paid in order to proceed.
Private Commercial Lender. No Upfront Fees
Private Family 4.5% fixed at Par 30/12. Refinances to 70% LTV Seeking Development/Construction/Hospitality transactions – $2 million to $25 million.
Special Use Properties: including but not limited to Hospitality: (Hotel/Motel/Freestanding Restaurant, RV Parks, Mobil Home Parks & Entertainment), Automotive (service, sales, parks, theme), Self- Storage & Medical.
Land and Commercial Development, Mixed and Special Use, are considered with a different rate and term structure, keyed off of the 4.5% rate. Property location and method of proposed repayment, determine rate and term.
No Apartments, except for in a mixed development, featuring retail shops, in an upscale area, or as part of construction buildout.
