Unsecured Business Lines of Credit – UBLOC

 

Program 1. Up to $750,000 in total unsecured lines of credit, working capital loans and business loans. This still requires a personal guarantee as this is an uncollateralized loan. Excellent credit is required with NO HISTORY in 10 years of any BKs, PUBLIC RECORDS or LIENS. FULL DOC only with $350K as gross income and $100K as *net minimum* being reported on 2012 taxes.

CRITERIA FOR PERSONAL GURANTEE: Minimum 700 credit score. No collections, charge offs, bankruptcy or foreclosure within the last 5 years. Source of income (self employed, W-2, Cash, LLC, Corporation).  Minimum two (2) current (open) lines of revolving credit for a minimum of two (2) years.  40% or less revolving debt to credit ratio.

Program 2. up to $250,000.00 This still requires a personal guarantee as this is an uncollateralized loan. A business must have a minimum of 2 years history.

CRITERIA FOR PERSONAL GURANTEE: Minimum 700 credit score.  Minimum 650 credit score for: a Doctor, CPA, Attorney or any Professional Practice.

No collections, charge offs, bankruptcy or foreclosure within the last 5 years. Source of income (self employed, W-2, Cash, LLC, Corporation).  Minimum two (2) current (open) lines of revolving credit for a minimum of two (2) years.  40% or less revolving debt to credit ratio.

Business & Personal Credit Cards

 

Business Credit cards:

Up to $125K per SSN approved with the use of multiple corporations.  The companies need to be in existence for only 1 year and there is no financial documentation required

Personal credit cards

No doc.  up to $100K of these depending on geography within a matter of 5 business days.  If you can supply w2s and paystubs showing employment income (or a 1099,) another $75K in cash loans and lines.  All personal credit requires excellent FICO scores to get max funding.

Minimum requirements which are flexible on a case by case basis. These are basic guidelines and we will not attempt to underwrite in the field.

 

There are a few preliminary steps that we must take in order to facilitate your financing. The first thing that we must do is obtain your credit score. Please log into: www.creditchecktotal.com and set up an account. You can get an introductory account for $1.00. Please maintain this account for

the next 30 days so that the underwriters can log into your account without creating unnecessary inquiries. If we cannot obtain funding for you we will let you know before the 30 days is up.

programs subject to change

 

 

What is CLTV (Combined Loan to Value?)

 

 

CLTV is a combination of loans from a lender and the seller. A lender will fund a first position mortgage with a LTV of 60 to 80% of the purchase price or of the appraised value; often the lender will allow for the seller to carry a 2^nd mortgage for the balance (or some portion of the balance.) This loan structure reduces or eliminates the amount of cash the buyer of the property would have to contribute towards the purchase.     This is a power loan structure often under used or misunderstood by real estate investors. Often investor are scared or hesitant to ask the seller to carry the 2^nd; what the investor should remember is that the seller purchased the property with the thought of creating residual income. So the concept of receiving residual money without the responsibilities that comes with ownership could be very appealing to an older or long time real estate owner. Remember cash is king and keeping as much in your pocket should be the goal on every deal. Finding good deals is only half of the battle, getting the funding is the other half. Working with an experienced finance specialist on every transaction will take the stress off of you and allow you to concentrate on what you do best, finding the next deal.  JBD Financial offers up to 100% CLTV loans for both commercial & residential properties nationwide.

 

That Hard Money GUY

james@thathardmoneyguy.com

330 832 5253

Nationwide Commercial Loan Program

REAL ESTATE FINANCING PROGRAM

 

 

 

 

 

 

 

 

 

 

 

Targeted Loan Size ……………………………$50K to $25million (maximum of $50 million)

Territory ……………………………………………Nationwide, preference U.S. markets

Collateral ………………………………………….First lien commercial mortgages and/or collateral assignments Maximum LTV/LTC. Up to 80% LTC, up to 68% LTV

Loan Term ………………………………………..6-30 months

Interest Rate……………………………………..7.95% – 14.95% fixed, interest-only

Loan Origination Fee………………………….1.95% – 3.95% payable at closing

Prepayment Penalty…………………………..None in most cases

Time-to-Close……………………………………As short as 5 business days

Transaction Types……………………………..Targeted transaction types include:

• Discounted mortgage loan payoff financing;
• Commercial Purchases & Refinance (cash out OK)
• Discounted mortgage loan acquisition financing
• REO/distressed real property financing
• Blanket loans
• Special Situations/Re-capitalization

Property Types :

Multifamily	Retail buildings	Strip malls
Office	Industrial buildings	Mixed use buildings
Shopping centers	Self storage	Day care facilities
Warehouses	Restaurants	Gentlemen’s clubs
Hotels/ Motels	Assisted living/Residential care    homes	No Land or Gas Stations

•   Seller Seconds OK (10 to 20% Skin in the game required)
•   NO Credit Score Programs
•   No Doc Loan (Texas & Arizona Only)
•   Stated Programs (700+ Credit Scores Required)

CLICK FOR APPLICATION

http://www.jdbfinancialllc.com

 

Unsecured Business Lines of Credit

TERM SHEET FOR THE UNSECURED BUSINESS LINE OF CREDIT

Welcome we can close deals in all 50 states. All loans and lines of credit are uncollateralized signature loans. We specialize in procuring Unsecured Lines of Credit and Non Asset Based loans for our Clients. Our programs can be structured as No Doc, Light Doc or Full Doc. Loans are termed for 5 to 8 years, LOC’s are perpetual. We have no restrictions on use of funding.

This particular program funds loans ranging from $10,000.00 up to $150,000.00 on the personal guarantee side and up to $250,000.00 on the business side depending on credit. We work with internal bank reps and private administrators to structure the tightest deal possible for our Clients so that they receive maximum funding with minimal rates.

 

START UP BUSINESS FUNDING:

This product is specifically geared towards new fresh businesses that literally have

no history. There is no qualification for time in business. Your Clients business entity and federal tax ID (EIN) can literally be 1 day old. It will be guaranteed by your Clients personal signature.

 

EXISTING BUSINESS FUNDING:

The business side of up to $250,000.00 will be determined by how long the business has been in existence and what the business credit looks like. This still requires a personal guarantee as this is an uncollateralized loan. A business must have a minimum of 2 years history.

 

CRITERIA FOR PERSONAL GUARANTEE: (minimum requirements which are flexible on a case by case basis. These are basic guidelines and we will not attempt to underwrite in the field).

Minimum 700 credit score.

Minimum 650 credit score for: a Doctor, CPA, Attorney or any Professional Practice .

No collections, charge offs, bankruptcy or foreclosure within the last 5 years. Source of income (self employed, W-2, Cash, LLC, Corporation).

Minimum two (2) current (open) lines of revolving credit for a minimum of two (2) years.

40% or less revolving debt to credit ratio.

4 or less inquiries on each bureau.

OPTIMAL CLIENT WILL HAVE THE FOLLOWING: (max funding, min rate)

720+ credit score.

No major delinquencies on credit report (bankruptcy, foreclosure, judgment, lien). No minor delinquencies in last two (2) years (late or missed payments).

8 to 10 years credit history.

Good balance of open and current mortgage, installment and revolving debt. 30% or less revolving debt to credit ratio. More than $10,000.00 in credit limits. Less than $20,000.00 in credit card debt. Less than 20% debt to credit ratio. 4 or less inquiries on each bureau.

 

FUNDING EXPLANATIONS:

The lending environment is always shifting and ever changing on a daily basis. We attempt to take the path of least resistance in finding funding for our Clients. specialize in providing No Doc funding and this is the structure that we seek first. The underwriter will let your client know what the documentation options are.

 

No Doc:

No documentation needed whatsoever. If your credit score is good but the income you show doesn’t substantiate your current debt plus the new debt load and you are in a No Doc state like California, Florida, Arizona, etc.

 

Light Doc:

A pay stub and or a personal financial statement.

 

Full Doc:

Tax returns and a 4506T

Client must set up introductory account with http://www.creditchecktotal.com for $1.00. Please complete Pre-Qualification form and email to: submissions@jdbfinancialllc.com. It takes less than 24 hours to get your Client prequalified with a funding amount and terms. If Client agrees to funding amount, they will be sent an application package. The Client can get prequalified prior getting their business entity. Once we have them prequalified we can get a corp or llc within a couple of days if they don’t already have a clean corp.

 Client must have the business entity in place when they submit the application package. Approval is usually within 48 hours and concrete funding within 2 to 12 days of lender having a COMPLETED package. Client pays a fifteen (15%) success fee of total funded amount on the back end to the lender. Interest rate is 0% for the first 6 to 18 months. Thereafter, the interest on the utilized credit is usually less than 10% (depending on credit).

Click to get started today!

We look forward to working with you soon.

contact james@jdbfinancialllc.com or call 330 832 5252 for more info

http://www.jdbfinancialllc.com

Residential & Commercial Hard Money Loans. No fico requirements, No upfront fees, Purchase & Refinance

Residential & Commercial Hard Money Loans. No fico requirements, No upfront fees, Purchase & Refinance

Up to 80% loan to purchase price or 65% of Market        Value (whichever is lower)	Up to 55% on commercial properties
5 Lender points	Up to 24 Months
DSCR 1.0% 15% interest rate, I/O	EVEN Non Resident Alien
No prepayment penalty	Refinance at 65% funds to be used for Real Estate purposes only.        55% for cash out refinances
Investment properties only	Lender 1st & 2nds Trust Deeds/Gap Funding (Rehab and/or Down payment Funding)
Seller seconds OK up to 45%- case by case)	Verifiable exit strategy
Unseasoned refinances: 80% of the purchase + any rehab cost	Roll over into a 4 year fix @10 to 12%

Dear Borrower,

We are here to assist you in placing a hard money submission with one of our lender affiliates. Please review the attached list and submit the items needed to continue your review process. Once received, written confirmation will be sent to the email you specify below. Review times vary, according to the amount of information received. Please anticipate communication from our office within 48 hours, upon receipt of all items listed. If you are unable to complete all tasks checked, please email detailed explanations as to why these items cannot be provided.

 

Documents needed for submissions:

Label files accurately and send via e-mail transmission only, typed documents only.

 

1. Loan application
2. Acceptable purchase contract (if purchase).
3. Personal statement: 1003 Application;      Completed dated and executed by borrower(s)/Grantor(s).
4. Legal Structure – for Borrower: Copies of the organizational documents for LLC:
   1. Copy of the file-stamped certificate of formation filed with Secretary of State (and any amendments thereto).
   2. Copy of fully executed operating agreement.
   3. Organizational minutes or certificate setting forth current member (s) and, as applicable, manager(s) and officer(s).
   4. Organizational chart of borrower; (if several companies).
5. The most recent detailed rent roll and any complete copies of all existing leases agreements (as amended/assigned) affecting      the property(s).
6. 2 years and YTD Property P&Ls (financials)
7. Environmental: Copies of any current or existing environmental reports relating to the property(s).
8. Copies of the following (if applicable):
   1. Copy of most recent 2 to 3 years tax returns and YTD  for LLC (if available).
   2. Copy of most recent 2 to 3 years tax returns for Guarantor (if available).
   3. List of any capital improvements that have recently been completed or will be completed.
   4. Current property tax statement.
   5. Current property management agreement (if available).
   6. Any available financial information on existing tenants and/or lease guarantor(s).
   7. Photos of property (inside, outside, and surrounding areas) and maps.
   8. Any existing property condition report(s).
   9. Payoff statement from existing lender.
   10. Insurance (In the LLC name) Preliminary Title Report – Tax assessment, 24 mo. Chain of title, Liens, Judgments, Borrower’s name

Residential & Commercial Hard Money Loans. No fico requirements, No upfront fees, Purchase & Refinance

Residential & Commercial Hard Money Loans. No fico requirements, No upfront fees, Purchase & Refinance

• Up to 80% loan to purchase price or 65% of Market Value (whichever is lower)
• Up to 55% on commercial properties
• DSCR 1.0%
• 15% interest rate, I/O
• 5 Lender points
• 1 to 3 origination points
• Up to 24 Months
• No prepayment penalty
• Investment properties only
• Refinance at 65% funds to be used for Real Estate purposes only. 55% for cash out refinances
• Lender 2nds/Gap Funding (Rehab or Down payment Funding)
• First position only (seller seconds OK up to 45%- case by case)
• Verifiable exit strategy
• Unseasoned refinances: 80% of the purchase + any rehab cost

james@thathardmoneyguy.com ~ 330 832 5253~ visit my blog for program details http://jdbfin.wordpress.com/                  http://jdbfinancialllc.com/index.htm

TRANSACTIONAL FUNDING WITH JDB

TRANSACTIONAL FUNDING WITH JDB

How Does Transactional Funding Work?

A back-to-back closing is often referred to as “A to B, B to C” transaction in the real estate investing world. Essentially, a seller (A) goes into contract with an investor (B) so the investor can purchase piece of property. During the timeframe the investor has between the contracted date and the actual closing, the investor (B) works to find an end buyer (C) who will purchase the property from the investor the same day(or shortly after) they buy it, at a higher price.

When you are doing back-to-back closing it is important that each transaction stand on its own, independently. In order to create this independence, you, the investor, are required to provide their own funds to consummate the purchase from the seller before you can resell to the end buyer that same day. You, the investor are required to do this because you are not allowed to use your end buyer’s money to fund your purchase.

For Example:

1. SELLER(A) sells $200,000 home to INVESTOR(B)
2. The transactional funds provider provides investor B the $200,000 to close the deal
3. Then Same Day (or shortly after) INVESTOR (B) resells home for $230,000 to END BUYER (C) For a Profit

What Kinds Of Deals Will We Fund For You?

• REO’s
• Bulk REO’s
• Bank Owned Properties
• Probate
• Wholesale Residential or Commercial Properties
• Land
• Short Sales

Please fill out our submission form

Fax or email your documents to 330 754 1419 or submissions@jdbfinancialllc.com

Holding Period (Days)	Profit Allocation
0-1 Days	2.00%
2-5 Days	2.75%
6-15 Days	5.25%
16-25 Days	6.50%
26-35 Days	7.75%
36-45 Days	9.25%
46-60 Days	11.25%
61-95 Days	14.75%

 

New Construction High leverage JV- Equity and Debt Financing

New Construction High leverage JV- Equity and Debt Financing

• Debt (70% LTV) & Equity (100%)
• Purchase & Lease backs

 

Type of projects we like: Design and Construction of High-Performance Buildings – Sustainable Design (“green buildings”). High performance and high technology buildings for healthcare, call centers, office buildings, information technology buildings and educational facilities

• Assistant living facilities
• Medical facilities
• Nursing Homes
• ANYTHING MEDICAL
• Low incoming commercial housing
• Educational housing
• office buildings
• Large Project Financing
• Green Projects (100% debt and/or equity)

 

We prefer:

•   Borrowers own the land/”skin in the game
•   Presale/Lease
•   NNN Leasing
•   PPA in place
•   Experienced borrowers
•   Production ready
•   Short term stabilization period

Investor to hold up to 51% equity position w/ buy outs

Guaranteed completion date on construction loans by lender

Closing in 45 to 120 days

 

 

Private Money Investing

Private Money Investing

 

 

Account    Jdbfin’s Blog

 

 

Private money investing is a type of financing in which a borrower receives funds, from a private investor, secured by real estate and or a personal guarantee from the borrower. This type of investing typically produces a regular, predictable income stream. A private money investor is the private source of funding for real estate investors. When an individual lends money to another individual on mutually agreeable terms, it is considered a Private Money loan.

CLICK FOR MORE INFO!

Many people equate private money investing with hard money loans. Hard money refers to a short term financed loan that is secured by real estate and often a personal guarantee from the borrower, adding another layer of protection for the investor/lender. Additionally, a private money investor is also known as a private money lender, a hard money lender or a hard money investor. They are essentially the same thing; private individuals lending their money directly to the borrower with interest rates, points and a promissory note secured by real estate.

Why would anyone consider becoming a Private Money Investor? Investing in loans secured by real estate offer a higher rate of return and lower risks. Private lending offers the investor more investment control. Anyone with money, stocks, IRA or just really good credit to invest, can become a Private Money Investor. Countless stock investors who grew tired of inconsistent returns and losses have become private money investors. Most of all you can invest in real estate without the hassles of being a landlord, dealing with contractors or tenants.

There are great advantages to being a Private Money Investor. There is no commission to invest your money. A private money investor can receive a relatively high yield from their investment; in most cases double digit returns. Despite the “bailouts”, banks are not making real estate investor loans. RE investors are desperate for funds. Private investors and hard Money Lenders have no competition and they are “cleaning up!” It’s time for you to seize the opportunity.

Flexibility is another advantage of being a Private Money Investor. As a PMI you have the option to invest in short or long term investments. Typically, a loan can mature as soon as 6 months or as long as 5 years. You enjoy the same benefits as the bank. The typical interest rate for a private money investment ranges from 6% – 18% depending upon the time frame, the purpose and other factors.

A common concern with any investment is that you may lose the money you invest. Smart investing includes risk management. Anyone offering a risk free investment is probably not being up front with you. Do your own due diligence.

It is the best interest of a private money investor to minimize risk and maximize return. Low loan-to-value ratio (LTV) increases the security of the loan. Furthermore, Private Money Investor loans are secured by real estate.

James Bullock of JDB Financial LLC is an investment advisor with over a decade of experience in real estate and residential / commercial financing.

 

 

Hard Money Loans

	JDB Financial LLC www.jdbfinancialllc.com
	Hard Money April 15, 2009
Hard Money Programs .Residential Hard Money .Residential Hard Money over 200K .Commercial Hard Money What exactly is “hard money”? It’s a real estate loan you get from a non-traditional lender, secured by the property and often not by you. Hard money interest rates range from 14% to 20%. The lender also charges “points” (one point is one percent of the loan amount, usually financed into the deal), which can range from 1 to 10. Why would someone use hard money? Because hard money lenders are primarily concerned about the property you’re buying, and not solely about you as a person. Typically, hard money lenders will loan you up to 65% of the after-repaired value of the property. The benefit of using hard money instead of bank financing is that if you buy a property that is worth 65% or less of the after-repaired value of the property, you can get into the deal for little or no money down and get the funding to purchase and rehab your property. Hard money lenders are much easier to work with than banks.	Residential Hard Money    Submit Your Loan Today! Residential Hard Money (purchase/refi & rehab) Up to 100% of the cost as long as total cost doesn’t exceed 70% of the ARV. 680 score min. TN,NY,OH,PA,IL,KS,MO,IN Full Doc loan Strong programs in TX,GA,MI      Residential Hard Money over 200K    Submit Your Loan Today! Residential Hard Money Purchase or Refi No Credit Requirements (case by case) 200k to 5M Up to 75% All states     Commercial Hard Money    Submit Your Loan Today! Commercial Loans (purchase/refi & rehab) Loan Amounts from 25k and up Credit Scores as low as 600 Up to 75% LTV Seller Carry-Backs OK! Raw Land up to 30% LTV Bulk REO Loans 1M min-7M max No credit requirements 70% LTC Must be in primary market area Properties must have a 40% discount   Flash Cash As Low as 4% + 300 App Fee 48 hrs Closings POF Letter Provided   JDB CALL TODAY!     678 383 8438 MAILTO: info@jdbfinancialllc.com
	James

What is hard Money

What exactly is “hard money”? It’s a real estate loan you get from a non-traditional lender, secured by the property and often not by you. Hard money interest rates range from 14% to 20%.

The lender also charges “points” (one point is one percent of the loan amount, usually financed into the deal), which can range from 1 to 10.

Why would someone use hard money? Because hard money lenders are primarily concerned about the property you’re buying, and not solely about you as a person. Typically, hard money lenders will loan you up to 65% of the after-repaired value of the property.

The benefit of using hard money instead of bank financing is that if you buy a property that is worth 65% or less of the after-repaired value of the property, you can get into the deal for little or no money down and get the funding to purchase and rehab your property. Hard money lenders are much easier to work with than banks.

James

info@jdbfinancialllc.com

www.jdbfinancialllc.com

Where to find Hard Money

With the banking industry in turmoil, the residential real estate investors’ ability to get funding for real estate deals have become increasingly challenging. For the SFR investor to be successful, you have to know what lending options are available and where to go to get the financing. JDB Financial offers financing for the small and large projects.

Residential Hard Money (purchase/refi & rehab)

·         Up to 100% of the cost as long as total cost doesn’t exceed 70% of the ARV.

·         680 score min.

·         Al, SC,NC,TN,GA,NY,OH,MI,PA,IL,KS,MO,IN

·         Full Doc loan

(Lower Scores OK in GA & MI)

Residential Hard Money Purchase or Refi

·         No Credit Requirements

·         200k to 5M

·         Up to 75%

·         All states

Commercial Loans (purchase/refi & rehab)

·         Loan Amounts from 25k and up

·         Credit Scores as low as 600

·         Up to 75% LTV

·         Seller Carry-Backs OK!

Bulk REO Loans

·         1M min-7M max

·         No credit requirements

·         70% LTC

·         Must be in primary market area

·         Properties must have a 40% discount

Flash Cash

·         As Low as 4% + 300 App Fee

·         48 hrs Closings

·         POF Letter Provided