FINANCING AT 7% INTEREST RATE FIXED FOR A TERM OF 1-3 YEARS We are a private real estate lender with primary objective to finance short term loans to qualified buyers interested in commercial real estate as retail, multifamily, office, hotels, self-storage, warehouses, performing/non-performing notes and REOs. We focus on providing timely and customized solutions that are not accessible through traditional lenders. If you have clients who need financing ASAP, we are the real deal! We also have VERY COMPETITIVE RATES THAT ARE MUCH BETTER THAN OUR COMPETITORS...AT 7% VERSUS 10% AND UP FROM OTHER COMPANIES THAT PROVIDE FINANCING. Your credit will not be an issue. The main requirement is (1). That the property is self-sustaining on its own and (2). that we have first lien trust deed on the property. Our loans are between 1-3 years with a set rate of 7%. Please provide an executive summary with financials for pre-approval process. After this, the CFO will approve your proposal after the numbers have been calculated. OUR PROCESS IS GUARANTEED WITHIN (14) FOURTEEN DAYS! In addition, we are interested in purchasing multifamily apartment buildings (class A, B, and C) primarily in Austin, Houston, Dallas, and San Antonio, TX. We also have investors aligned for purchasing commercial real estate in the following metropolitan areas: New York City New York - Metro Boston Philadelphia Washington DC Atlanta Austin Charlotte Chicago Dallas Denver Houston Los Angeles Miami Memphis Nashville Phoenix Portland San Diego San Francisco Salt Lake City Seattle In this business efficiency is a must! We make money only if you make money. Please note that before asking our attorneys to look at Agreements for our signature, we need to briefly pre-qualify our deals by using the following data points: 1. Asking Price 2. Current Market Value 3. Current NOI (Net Operating Income) and Proforma NOI 4. Current Occupancy 5. Cap Rate, Property Class 6. Is any work required? Are all units in rentable conditions? 7. Current Debt (Senior and Junior loans; amount, lender, terms, due date) 8. Is the current financing assumable? 9. Is the seller willing to offer a carry-back? 10. The Story (or Narrative): Why is this a good deal (location, companies in vicinity, job market, etc.), why the property is being sold. 11. For clients who require financing, we need to know in addition: (a) How will the borrower payback the loan? (Or the Exit Strategy); Will the buyer re-sell the property or re-finance? (b) How will the money be used: loan, value-added etc.? (c) Is the buyer experienced? (we must ensure he/she is not losing the money) If you are targeting small and medium banks for REOs and performing/non performing notes, we are asking for a tape with pricing expectations; then we select the deals that make sense for us and/or our clients, ask for a few qualification points, and make offers. Please be assured banks are very happy to balance their sheets! Please email us a brief description of the type of deals we could do together. You may submit your proposals to: financing@mothershipenterprises or fill out our Custom Form on the contact us tab at mothershipenterprises
Posted on: Sun, 02 Mar 2014 19:53:05 +0000
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