terryleroe
-
Content Count
16 -
Joined
-
Last visited
Posts posted by terryleroe
-
-
Small Business Division
Starlite Funding Inc. has developed a nationwide SBA Loan Division assisting new and existing business with day-to-day loan needs. Starlite Funding Inc. has direct access to the Financial Institutions who will assist clients with start-ups, equipment purchases, relocations, multiple stores, and multiple state expansions. We've also developed relationships with nationwide franchise corporations who direct prospective owners to the FastTrack for speedy applications
Terry Roe
www.starlitefundingcoasttocoast.com
-
REHAB Special. 97% Financing on Loan Amounts 1MM and Above. Client must be willing to surrender 25 to 50% on a J.V. Partnership.Client will need to Bring 3% to the Closing Table.
-
We have two new financing programs. For land acquisition and development loans / construction, we can fund 65% of the completed value and require no presales. Attached is a spreadsheet that shows how the loan numbers work and the typical terms. As you can see we build the interest and the loan fees into the gross loan amount. It is a great program and as previously noted, there are no presales requirements. It is a great A&D / construction loan. We are mostly concerned with the value of the project, thus making it an asset based loan as compared to a bank loan. It is a little more expensive than conventional; however it is a much more flexible process and financing alternative. Our fund for this financing is a multi-billion dollar fund.
The other new program is a hard money loan program. We have an immediate requirement to finance hard money, land, and acquisition and development transactions. Funds are available and closing can occur within ten days. We must finance hard money / land transactions by December 20, 2006. We prefer transactions in major metropolitan areas. Terms are no more than 65% LTV; no up-front fees; maturity in one year; no payments and no interest payments for the year as these will be built into the loan; and closing costs are also built into the loan. We can also do the take-out financing. We have programs and prefer transactions from $3,000,000 - $50,000,000.
Lending on Commercial Real Estate nationwide, in all states, at Starlite Funding Inc. , we are always dedicated to exceeding the borrowers expectations. We are focused on providing loans that suit borrowers needs. We offer both quick turnaround time and great rates. Our area of expertise is in providing loans from $500,000 to over $100,000,000. Often these loans are fixed for long terms with no personal guarantees. Please, review the information provided and give us a call if you have any questions or need more information. Ask for a quote, you will be surprised at our rates, our terms, our options, and our flexibility.
terryleroe@comcast.net
-
Depends on which lender you are connected with. They determine that.
Email me at terryleroe@comcast.net and I will send you the forms to fill out.
Terry
-
We can help you with the 100% N.O.O Funding if you or your clients are able to meet the following requirements:
650 & Up - Mid FICO Score
DTI (Debt to Income) can not exceed 45%
The funding would be in a 80/20
Rates will depend on your clients credit score.
If you would like to move forward with your projects or have any other questions, please contact me.
Terry Roe - terryleroe@comcast.net
P.S. Here is a link to our website: http://www.starlitefundingcoasttocoast.com/
-
Hi,
I work with Starlite Funding Coast to Coast and we may be able to help you. We have over 9,000 investors that we can connect you with for funding your project or for just purchasing a home. Email me and I'll send you the forms to fill out and overnight to Carol Wilson(Operations Manager) at Starlite Funding. If you need to contact Carol her phone number is(Cell 832-888-3010 & Toll Free 888-462-6119). Keep me informed as to how everything is going so we can keep the process going smoothly.
Thanks,
Terryleroe@comcast.net
Terry Roe
P.S. Here is a link to our website: http://www.starlitefundingcoasttocoast.com/
-
loans typically fall outside the guidelines of traditional financial institutions and sub-prime lenders.
1 Poor Credit, 350 FICO = OK
2 Current Bankruptcy = OK
3 Current NOD/Notice of Sales = OK
4 Unlimited Mortgages Lates = OK
5 Collections, Charge Offs = OK
6 No Seasoning = OK
No Income or asset Verifications
loan programs include:
1 Commercial, Residential, Industrial, Mixed Use
2 Loans from $100,000 to $10,000,000
3 Up to 70% LTV, 100% CLTV
4 2/28 ARM, Interest Only Programs
5 NINA, Stated Income, Limited
6 Unlimited Cash Out
7 Funding as quickly as 3 days
-
Contact me terryleroe@comcast.net
-
Blanket Loans Up to 100% CLTV With Credit Scores of 680 and Above DTI Requirement 50%
-
We have several different REHAB Programs that is being offered to our Clients
We have Both Stated and Full Doc Options.
1.) You can obtain a Unsecured Line of Credit up to $500,000 for the Purchase of REHAB's or Investment Properties
The Requirements for this Line of credit is:
A.) Your Middle Fico Needs to be 674
B.) Your Debt to Income can not exceed over 50%
C.) You must fill out an Application, and Fee Agreement
D.) Processing fee of $450.00
2.) You can Purchase Rehab Properties at 75% After the Repair Value
Requirements for this Loan is:
A.) Fill Out an Application
B.) Fill Out an Executive Summary
C.) Sign a NCND
D.) Sign a Fee Agreement
E.) Application Fee of $450.00
3.) Equity Investment Partner
The Requirements for Obtaining an Equity Investor Partner is
A.) Minimum Fico Score of 670
B.) Must be able to Put at Least 10% to 20% into your own Project
C.) Fill Out an Application
D.) Fill out an Executive Summary
E.) Sign a NCND
F.) Sign a Fee Agreement
The Outcome of this Loan is that you will ultimatly split the Proceeds 50/50 With the Funding Investor.
4.) REHAB Blanket Loans
The Requirements for Obtaining a Blanket Loan is
A.) Minimum Fico Score of 670
B.) Must be able to Put at Least 10% to 20% into your own Project
C.) Fill Out an Application
D.) Fill out an Executive Summary
E.) Sign a NCND
F.) Sign a Fee Agreement
G.) Max Loan to Value is 90%
H.) Application Fee of $1,500
-
Hi,
I work with Starlite Funding Coast to Coast. We have started a program for investors that allows them to get 100% financing on Non Owner occupied investment property (like rental properties). We do require that the investor have a FICO of 650 or better. If you are interested in this oppurtunity then email me and I will send you the forms to fill out. terryleroe@comcast.net
Thanks,
Terry Roe
-
Hi,
I work with Starlite Funding Coast to Coast and we have a new program that just started. Its a $500,000 unsecured line of credit for rehabbers. You will have to have a CS of at least .620. Fill out the attached form and overnight to Brenda (President/CEO) at Starlite Funding. When she receives the form she will pre-approve you and begin processing your paper work. If you need to contact Brenda, here is her phone number (832-252-9397). Keep me informed as to how everything is going so we can keep the process going smoothly.
Thanks,
Terry Roe
P.S. Here is a link to our website: http://www.starlitefundingcoasttocoast.com/
-
Hi,
I work with Starlite Funding Coast to Coast and we have a new program that just started. Its a $500,000 unsecured line of credit for rehabbers. You will have to have a CS of at least .620. If you are in need of something like this then email me. terryleroe@comcast.net I will send you the form you need to fill out and send in.
Thanks,
Terry Roe
-
Hi,
I work with Starlite Funding Coast to Coast and we may be able to help you. There are some initial costs in fees you will have to put out up front. If you don't have a problem with that, then download the forms under Application on our website and fill them out. Then overnight them to Brenda (President/CEO) at Starlite Funding. If you need to contact Brenda, here is her phone number (832-252-9397). Keep me informed as to how everything is going so we can keep the process going smoothly.
Thanks,
Terry Roe
P.S. Here is a link to our website: http://www.starlitefundingcoasttocoast.com/
-
Hi,
I work with Starlite Funding Coast to Coast and we may be able to help you. There are some initial costs in fees you will have to put out up front. If you don't have a problem with that then fill the forms that I've attached and overnight them to Brenda (President/CEO) at Starlite Funding. If you need to contact Brenda, here is her phone number (832-252-9397). Keep me informed as to how everything is going so we can keep the process going smoothly.
Thanks,
Terry Roe
P.S. Here is a link to our website: http://www.starlitefundingcoasttocoast.com/
New Rehab Loan Program
in Funding Forum
Posted · Report reply
We make short term loans to investors who purchase and rehab existing single family homes for sale or lease in 27 states including TX.
We loan up to 100% of cost plus repairs, not to exceed 65% of the After Repaired Value.
Loans from $32,500 - $250,000. No income verification. Minimum FICO only 550. Metro areas only. NOO only.
Alabama , Arizona (Please call for loan program.), Arkansas, California, Colorado, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Mississippi, Missouri, New Jersey, North Carolina, Ohio (Business Entity Applicants Only), Oklahoma, Pennsylvania, South Carolina,
Tennessee, Texas, Virginia (Business Entity Applicants Only), Washington
Terry Roe
Terryleroe@comcast.net