Results 1 to 10 of 10
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07-16-2020, 09:19 AM #1
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
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.
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07-16-2020, 08:42 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
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
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07-16-2020, 09:51 PM #3
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
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?
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07-22-2020, 02:50 PM #4
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,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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07-30-2020, 10:16 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
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
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08-11-2020, 01:14 PM #6
SBA requires too much documentation, and they take too long.
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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08-11-2020, 11:09 PM #7
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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
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12-16-2020, 04:28 AM #8
- Join Date
- Mar 2020
- Posts
- 160
Anthony Auriemma
Phone : 848-480-1814
Fax: 888-440-1760
Cell: 732-552-5010
Email: anthony@BilderbergBusinessLenders.com
www.BilderbergBusinessLenders.com
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12-18-2020, 11:41 AM #9
- Join Date
- Aug 2017
- Posts
- 250
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01-12-2021, 02:11 PM #10
- Join Date
- Dec 2020
- Posts
- 4
In your opinion who are the best providers when using Land, Commercial, Residential collateral?
Already using Lift forward and Patch of Land.Last edited by CrescentLenders; 01-12-2021 at 02:15 PM.
Commercial and Residential Private Money Loans - CrescentLenders.com
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