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  1. #1
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    Who are the best providers when using Land, Commercial, Residential as collateral?

    In your opinion who are the best providers when using Land, Commercial, Residential collateral?

    Already using Lift forward and Patch of Land.

  2. #2
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    Lightbulb

    Quote Originally Posted by WCC_NYC View Post
    In your opinion who are the best providers when using Land, Commercial, Residential collateral?

    Already using Lift forward and Patch of Land.
    $>$350K up to $5 Million - Prime + 2.75% for SBA 7(a) Loans
    SBA is paying 1st 6 months of payments on all loans fully disbursed by 09/27/2020
    Maximum Loan Terms - 10- to 25 years
    Maximum LTV - 90% to Project Cost
    Last edited by Yankeeman07; 07-16-2020 at 08:50 PM.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
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    Quote Originally Posted by Yankeeman07 View Post
    $>$350K up to $5 Million - Prime + 2.75% for SBA 7(a) Loans
    SBA is paying 1st 6 months of payments on all loans fully disbursed by 09/27/2020
    Maximum Loan Terms - 10- to 25 years
    Maximum LTV - 90% to Project Cost
    Yankeeman07 thank you for the response. We do like using the SBA rates and terms that are very advantageous. What we have done is use a direct bank in each state that provides the SBA service through the list of credited vendors list from the SBA https://www.sba.gov/partners/lenders...m/list-lenders as appose to platforms. It is a little bit more work having to make sure we have the necessary paperwork and also create that relationship. This helps us reduce overhead/middlemen costs having built this process as appose to using a platform. Do you feel this is the correct path? If not what do you feel is a better solution for brokers?

    Full Transparency we do charge a success fee agreement to administer these products for our merchants that makes it worth our time. In your opinion what is a respectable success fee?

  4. #4
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    when you say " Best Providers" what are you referring to? you already have two HML, another option would be credit unions.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  5. #5
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    Quote Originally Posted by WCC_NYC View Post
    Yankeeman07 thank you for the response. We do like using the SBA rates and terms that are very advantageous. What we have done is use a direct bank in each state that provides the SBA service through the list of credited vendors list from the SBA https://www.sba.gov/partners/lenders...m/list-lenders as appose to platforms. It is a little bit more work having to make sure we have the necessary paperwork and also create that relationship. This helps us reduce overhead/middlemen costs having built this process as appose to using a platform. Do you feel this is the correct path? If not what do you feel is a better solution for brokers?

    Full Transparency we do charge a success fee agreement to administer these products for our merchants that makes it worth our time. In your opinion what is a respectable success fee?
    Why not use 1 SBA Bank / B&I that can close loans in nearly all States?

    I'm not here to tell you how to run your operation, but, I do not think this would pass muster with the SBA
    I understand commissions are not very high doing SBA Loans - but that is the rules of the game.

    SBA is not charging double digit rates.

    Call me if you wish to discuss - 727-233-1111


    "Full Transparency we do charge a success fee agreement to administer these products for our merchants that makes it worth our time. In your opinion what is a respectable success fee?"
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    SBA requires too much documentation, and they take too long.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  7. #7
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    Quote Originally Posted by WCC_NYC View Post
    In your opinion who are the best providers when using Land, Commercial, Residential collateral?

    Already using Lift forward and Patch of Land.
    They are all different asset classes. If you have commercial and A+ borrower use a bank. If hard money it all depends on the deal and location.
    We just closed a 3.5M land refinance on mixed land 100+ acres
    And another 1.5M office refinance in Texas. Both Hard Money

    bzuniga@omegafund.com

  8. #8
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    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com

    www.BilderbergBusinessLenders.com

  9. #9
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    Quote Originally Posted by Bilderberg View Post
    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com

    www.BilderbergBusinessLenders.com
    Your website makes you appear to be a broker that also does debt settlement.

  10. #10
    In your opinion who are the best providers when using Land, Commercial, Residential collateral?

    Already using Lift forward and Patch of Land.
    Depends on what state, unless you just mean nationwide.
    Last edited by CrescentLenders; 01-12-2021 at 02:15 PM.
    Commercial and Residential Private Money Loans - CrescentLenders.com

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