BizLender 0 Report post Posted October 21, 2008 We are offering a range of great lines of unsecured credit programs that can be used very effectively to acquire real estate. Program 1 - Unsecured Business Credit Program up to $1MM (Our Best Program) • Application Only• Stated Income, Stated Asset• NO Business Financials• NO Tax Returns• NO Credit Score • NO Personal Guarantee• NO reporting to your personal credit• 30 to 45 days to obtain funding • Revolving, perpetual line• Interest Only Payments• Prime to Prime + 4• Lines do not convert to term loans• $100,000 per Corporation• Maximum of $1,000,000 (10 corporations) per person Cost: $7,500 per corporation - The fee is fully refundable [and it is part of the documentation] if funding is not successful. Success fee of 5% of the LOC established will be paid from the proceeds. Program 2 - $1.5MM * May go through program multiple times* Min 720 credit score, NO derogatories, max of 6 inquiries (inquiry removing service avail.)* Clients are pre-approved* Must show feasible use of funds and financial projections* 6 weeks to first round of funds of $500K, 3 weeks to each of 2nd and 3rd rounds of $500K each Costs: $37,500 up front – Refundable if funds are not obtained, 21% of funded loan amount on back end* Total cost of funds including “No Up-Front” line of credit: $361K* Term: 20 years* Rate: Prime + 1-3% , interest only No Up-Front Program Financing available for upfront cost using a $50K line of credit Cost: 17% ($8,500)(All terms subject to change) Program 3 - Credit score min 660, must have no derogatories* Initial (up front) cost: $ $17,000* Back End: 10 points on the total amount of credit obtained* Line of credit: $200K - $300K, after 90 days can go for 2nd round of financing * Rate on funds used: 6% - 8%* Approx time period: 60 – 90 days (All terms subject to change) Call or email for application619-793-5559Business and Real Estate Investor Loans Share this post Link to post Share on other sites