We are offering short term loans backed with real estate, securities, or receivables. We do not charge any
up front origination, processing or administrative fees. Please see below the alternative loans and their
terms.
 | | Real Estate Hard Money Loans - These loans are used by borrowers who purchase properties that | | | are in need of rehabilitation, or do not qualify for conventional financing.
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Terms:
- 60% loan-to-value of the property, after repairs have been completed.
- 30% down payment.
- 5% loan fee, due at the closing.
- 2.5% interest per month, up to six months.
- No credit check - the asset will qualify the loan.
- APPLY NOW - no application fee, and a free property qualification.
| | Tax Certificate Financing - Tax Certificates are often purchased in cash, as an alternative investing | | | strategy to investing in stocks and bonds. We resell many tax certificates, and offer financing on
those purchases.
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Terms:
- 30% down payment required.
- 0% interest for the first 60 days of the purchase contract.
- 2% interest per month thereafter, up to 9 months in total.
- No credit check - all our certificates are approved.
- APPLY NOW - no application fee, free certificate valuation.
| | Real Estate Commission Factoring - These arrangements are not loans, but purchases and | | | assignments of expected real estate commissions on pending sales. Real estate professionals
use this program to improve their cash flow.
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Terms:
- Contract for a pending sale, free of any contingencies.
- Buyer's commitment letter (not a pre-approval, but a commitment letter from a lender)
- 70%-80% of total expected commission will be paid at signing, and the "holdback" of 10% will be
paid at the closing. The factoring fee, therefore, will range from 10% to 20% of the commission,
depending on the quality of the contract and the time to closing.
- Much better terms offered if the factoring agreement is backed by real estate owned by the real
estate broker or agent.
- Please call 773-474-6648 to discuss the options and possibilities.
- APPLY NOW - no application fee.
| | Personal Property Lease-Backs - we are offering lease-back arrangements of personal property | | | such as cars, trucks, boats, and machinery. These arrangements are not loans.
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Terms:
- Purchase agreements are combined with a lease-back , and a re-purchase agreement.
- The borrower remains in possession of the asset, and agrees to buy it back after lease expiration.
- Full coverage insurance required.
- Purchase amounts of up to 50% of the asset value.
- Interest rates vary, depending on asset quality and loan term.
- Please call 773-474-6648 to discuss the options and possibilities.
- APPLY NOW - no application fee, and a free preliminary loan amount estimate.
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