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08-02-2019, 05:13 PM #6
- Join Date
- Apr 2016
- Posts
- 103
WE are a nationwide, top-line revenue driven business lender who utilizes algorithmic processes and collateral real estate to deploy capital in a bridge /mezzanine capacity within 5-7 business day.
Lending Guidelines:
Loans are structured based on (creditworthiness, business cash flow and RE collateral). WE will lend in the ranges of $500,000 - $6,000,000+ with terms of 1-4 years and monthly payment options. The rates are as low as 12% for well-qualified borrowers. Minimal documentation, and funding timeline in 5-7 business days.
Loan Example:
WE will typically lend up to 20% of business gross revenue (minimum business income $2,000,000) and collateralize the loan with RE utilizing 100% CLTV taking 2nd or 3rd lien position on available equity up to loan amount. Minimum borrower FICO 620 (NO bankruptcies, tax liens or judgments).
Initial Submission:
- Application
- 6-months Bank Statement
- PFS / Schedule of Real Estate Owned
- 2018 Business & Personal Tax Returns
Full-file Submission (necessary for funding):
- Application
- 12-months Bank Statements
- Business Debt Schedule
- 2018 Business & Personal Tax Returns
- 2019 YTD Financials (P&L, Balance Sheet)
- Collateral Real Estate Information (mortgage statement, tax bill, appraisal)
Would like to ensure WE are utilized as a resource and develop a lending vertical should the opportunity present itself.
Let me know your availability for a conversation next week
WE PAY 2-POINTS!!!
Have a great weekend.
All the best.
--
Sean Najieb
Business Development Director
www.myliftloans.com
180 Maiden Lane, 10th Floor
New York, NY 10038
Sean@liftforwad.com
917.477.6534 (O)
347.495.8088 (C)
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