Hard Money Commercial Lending
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Transcript of Hard Money Commercial Lending
04/13/23 1
Commercial real estate loans from $25,000 up to $50 Million on most commercial property types.
Some loans allow Stated Income.
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Owner Occupied
Office/ Office Condo Automotive
Retail Assisted Living
Warehouse Day Care
Mixed Use Funeral Home
Hotel Convenience Store – no fuel
Restaurant Dry Cleaners
Light Industrial Construction Financing
Medical Office Church
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Other properties considered – contact Scott
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Investment
Office/ Office Condo Retail
Strip Center Warehouse/Distribution
Multi-Family Light Industrial
Mixed Use Retail Triple Net Credit Tenant
Specialty Programs
•Trust
•Joint Venture
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Other properties considered – contact Scott
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Specializing in alternative financing for non-bankable commercial transactions throughout the United States
Generally non-bank lenders
Providing financing to companies and individuals seeking commercial financing who cannot obtain adequate capital to grow or run their business
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Any company or individual that is unable to secure commercial financing through traditional sources
Particularly if funding needs are immediate
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Developmental stage companies
Companies with historical and/or current losses
Companies with negative net worth or tax liens
Companies in Chapter 11, healthy companies that need a more aggressive lender who will provide a larger credit facility, and companies where the principals have poor credit
Individuals who have poor credit or limited capital to make an acquisition of a commercial property or operating business
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Borrower Documents – Collected by Commercial Team Leader
• Documentation discussed with Team Leader at time of inquiry and/or project
Authorization Form to release information for credit report will be sent to Borrower/RFS Consultant with initial package
TURNAROUND TIME: Approximately 45 -60 days; current market dictates turnaround time
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Executive Summary of High Quality - average 5-7 pgs
Appraisals• Fee approximately $1,000• Turnaround Time: 2 – 3 weeks
Environmental Study – if necessary
Upfront fees - determined by nature of loan; credited at closing
Closing Costs - All Borrower Monies remitted by Wiring
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Issuance of Lender Conditional Approval
Upfront Fees Determined at This Time
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Upon Completion of ApplicationScott Fain, RFS Consultant is contacted within 24 hours Calls Borrower Updates Loan in Pipeline
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Scott Fain, RFS [email protected]: 703-879-6912
www.Scott-Fain.com
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“I am READY When You Are!”Scott Fain
04/13/23