Connect With Us for Alternative Financing Solutions
QUESTIONS & ANSWERS
Property Transactions
WHY IS IT SO DIFFICULT TO OBTAIN BANK FINANCING?
Conventional financing has multiple banking regulations that impact the balance sheets diversity on money-supply. Since the financial crisis of 2008, their default oversight and capital supervision have increased along with its required capital adequacy ratio (CAR) on leveraged financing, and as a result, restrictions have tightened lending ratios making it difficult to lend.
WHAT IS A HARD MONEY LOAN?
It differs from conventional banking and is based on real estate value and equity rather than personal employment or income conditions. The hard money loan gives a real estate entrepreneur the speed and accelerated funding needed to close loans expeditiously while at the same time producing equitable returns for private investors. These loan types are intended for investment properties only and usually not for primary residences.
HOW DO I GET STARTED?
Fill out an online application with a project description.
AFTER FILLING OUT THE ONLINE APPLICATION WHAT IS EXPECTED?
An executive summary and project overview will be requested.
HOW MUCH CASH CAN BE ADVANCED ON INVESTMENT PROPERTY?
Cash-out is between 65%-70% of property value.
WHAT IS GEOGRAPHICAL REACH?
Nationwide
WHAT IS THE LOAN RANGE FOR HIGHLY STRUCURED PROJECTS?
$2,000,000 - $75,000,000
IS FUNDING AVAILABLE FOR GROUND-UP CONSTRUCTION?
Yes, including land purchases provided investor contributes.
AM I REQUIRED TO PAY MONTHLY ESCROWS?
No, payments are for interest only.
CAN I EXPECT PRELIMINARY APPROVAL?
Yes, if proven urgent, and within 24 to 48 hours, but we urge caution as there may be other ways available to slow down the process. Rushing can sometimes jeopardize your opportunity.
HOW LONG DOES IT TAKE TO CLOSE?
5 to 10 business days provided documents are readily available.
DO YOU REQUIRE UPFRONT FEES?
No.
QUESTIONS & ANSWERS
Factoring
WHAT IS FACTORING?
Factoring is the selling of invoices for immediate cash flow. It provides a steady stream of cash each month without selling off ownership or creating debt.
HOW DOES FACTORING DELIVER FUNDS TO MY BUSINESS?
When you charge the customer for the goods or services it becomes part of your accounts receivable, and any new receivables charged monthly are advanced a percentage, and in some cases, if you have larger receivables, we can charge your customer directly to receive payment, but only at your request.
WHAT TYPES OF BUSINESS QUALIFY FOR ADVANCES?
We have a wide range of industries that include manufacturers, wholesalers, distributors, transportation, broker transportation, staffing agencies, or anyone holding a current asset of value that is paid in arrears.
HOW MUCH CAN A MERCHANT QUALIFY FOR UNDER THIS ARRANGEMENT?
Whether you’re a startup or seasoned veteran, you can receive $50,000 to $5,000,000 monthly against your invoices.
WHAT IS YOUR GEOGRAPHICAL REACH?
Factoring is done in 50 U.S. states as well as Europe.
ARE THERE UPFRONT COSTS OR APPLICATION FEES?
No
IS THIS TYPE OF FINANCING SLOW AND DIFFICULT?
No, with a completed application and some supporting documents, we can issue a proposal for your review.
DO YOU ASSIST IN THE APPLICATION PROCESS?
Yes, once submitted, we will review and discuss any recommendations with you directly and help you complete the application process, but only at your request.
HOW DO I KEEP TRACK OF MY ACCOUNT ACTIVITY?
Most customers rely on their own in-house accountants for support, but we can assist you with procedural questions during our business hours
HOW LONG DOES IT TAKE TO GET SET UP?
Upon receipt of a completed application, it takes three to four days of direct communication before proposals are issued.
DO I HAVE TO FACTOR ALL MY INVOICES?
No, you have the option to decide what invoices to submit for factoring.
WHEN WILL I RECEIVE ADVANCES ON MY INVOICES?
When you submit approved invoices, you will receive wired funds within 24 to 48 hours.
IS IT POSSIBLE TO REFINANCE MY BUILDING AS A SOURCE OF CASH FLOW?
Yes, short and long term financing is available against equity to bridge your additional cash flow needs.
CAN YOU HANDLE A BUILDING CONSTRUCTION PROJECT OR AN ACQUISITION FOR A BUSINESS-OWNER OCCUPIED PROPERTY?
Yes, depending on the situation, it probably would be a short term owner-occupied arrangement, converted later to conventional financing.
I HAVE A SEASONAL RETAIL BUSINESS, WOULD FACTORING HELP ME?
Retailing is a cyclical business, with its highpoints and low points, for example, during the Christmas season a retailer would earn 40% of their annual revenue, so factoring would be a stabilizing factor, especially needed in downturns.
