The Joint Venture Group Private Emergency Loan Program The Joint Venture Group has added a new private lender to our source of capital providers. This lender can facilitate loan requests from $500,000 to $15M within 10 days, depending on the loan. This lender was brought on board to facilitate loans for emergency situations for clients needing to close sooner than normal. This lender is not a trader and the loan is required to be repaid, unlike our non-recourse loans where capital is raised through our trading platforms. Below are the procedures and requirements for receiving a loan. 1. Loan type: Any purpose 2. Client must provide POF of $20K 3. Client will need to show ½% cash in bank account for insurance policy expense 4. If the project is accepted, a loan contract will be issued 5. The Client must accept and return the signed contract 6. The Client must contact the insurance agent and order the policy and must wire the premium to the insurance company 7. Once the lender receives the signed loan contract and the paid-up insurance policy, the closing is completed 8. The lender will wire the client’s full loan amount to the client’s bank account The total allotted time-frame will take around 10 business days. This lender has been providing loan capital for over 20 years. Please keep in mind this type of loan is not a non-recourse loan as it must be repaid with interest. The amount of interest will depend on the length of the loan and the amount. The same rules apply for loans with respect to the SFA as with our leveraged trading platforms and investors. If your project is not funded within 365 days, your success fee agreement is fully refunded. Please do not request an emergency loan unless you can provide proof of funds and 1/2 % cash to cover the cost of insurance. Private Emergency Loan Program Contact me at cash4investmentproperties2014@gmail
Posted on: Thu, 06 Nov 2014 16:19:50 +0000
Trending Topics
© 2015