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  #1 Octavio Kirk on 31 Mar 12

   

  Large Loan Amount: Choosing to finance real-estate through a private loan company sometimes allows the borrower to receive a larger loan than one received through the conventional mortgage lender since private lender focuses in the appraisal. Lenders will appreciate commercial house investors who respect their own time. If you process them correctly, with the right information in the correct format, they are going to give your deal a true look and, if ones deal meets their variables, they will fund people quickly and efficiently.
  
  I recommend that you summarize your loan scenario on one 8. 5 X 11 inch sheet of paper. There's a chance you're tempted to write in place a multi-page description full of details, projections and test. Don't. The goal of the initial approach is to get a loan officer interested, nothing more. A borrower who has a lender requesting information is a much stronger position compared to a borrower who is delivering information unsolicited.
  
  At my firm, we call these kind of summaries "Deal Point Memos" together with every deal, whether half-a-million or half-a-billion, is reduced to at least one page that contains all of the truly relevant information in simple and concise language. (This 1 page summary was organized to be used concurrently with all your first contact with a lender and should not be confused with a full "Executive Summary" that includes many details and can be as-many-as 15 pages long.)
  
  Below are the essential elements of effective deal summary. These are the key elements some sort of lender will consider any time deciding whether-or-not to pursue a loan.
  
  Description of Collateral Property
  
  State the location of the property along with the property type (territory, business office, multi-family etc.).
  
  Involve 1 sentence on why the positioning is favorable. Briefly illustrate the property's age, issue, and size in rectangle feet. Mention the zoning and note whether the property is vacant, under-performing or producing sufficient cash flow. Surely state the value with the property and how which value was derived.
  
  Certain Loan Request & General Use of Funds
  
  The majority lenders have minimums and maximums so be sure to let them know how much financing you are trying to get. Is this to be described as a short term "bridge" type loan or are you looking for permanent financing? Advise them the loan term you would like in months. They may wish to know what their funds will be used for, and it can help if mention that the cash will be going into the property, so include a general use of capital statement. But remember, this is not the place for actions budget or pro-forma. If you are acquiring an asset you have got to state the exact final cost.
  
  Challenging & Soft Equity
  
  Challenging equity is cash that this borrower has already place in the property or has available to make the deal operate. A down-payment is hard equity, site improvements and executive and other costs will also be credited to a borrower as cash-in-the-deal. Lenders shun sponsors who don't have a substantial cash commitment for a project, so if you might have skin-in-the-game, showcase it. Soft equity is, of course, the worth of the property in addition to the debt against it, the more the better.
  
  Credit card debt Service and Exit Strategy
  
  Money Lender.

   

  <div class="cArrow"> </div><div class="cContentInner"><b> Large Loan Amount: </b> Choosing to finance real-estate through a private loan company sometimes allows the borrower to receive a larger loan than one received through the conventional mortgage lender since private lender focuses in the appraisal. Lenders will appreciate commercial house investors who respect their own time. If you process them correctly, with the right information in the correct format, they are going to give your deal a true look and, if ones deal meets their variables, they will fund people quickly and efficiently.<br /><br />I recommend that you summarize your loan scenario on one 8. 5 X 11 inch sheet of paper. There's a chance you're tempted to write in place a multi-page description full of details, projections and test. Don't. The goal of the initial approach is to get a loan officer interested, nothing more. A borrower who has a lender requesting information is a much stronger position compared to a borrower who is delivering information unsolicited.<br /><br />At my firm, we call these kind of summaries "Deal Point Memos" together with every deal, whether half-a-million or half-a-billion, is reduced to at least one page that contains all of the truly relevant information in simple and concise language. (This 1 page summary was organized to be used concurrently with all your first contact with a lender and should not be confused with a full "Executive Summary" that includes many details and can be as-many-as 15 pages long.)<br /><br />Below are the essential elements of effective deal summary. These are the key elements some sort of lender will consider any time deciding whether-or-not to pursue a loan.<br /><br /><b> Description of Collateral Property </b><br /><br />State the location of the property along with the property type (territory, business office, multi-family etc.).<br /><br /> Involve 1 sentence on why the positioning is favorable. Briefly illustrate the property's age, issue, and size in rectangle feet. Mention the zoning and note whether the property is vacant, under-performing or producing sufficient cash flow. Surely state the value with the property and how which value was derived.<br /><br /><b> Certain Loan Request & General Use of Funds </b><br /><br />The majority lenders have minimums and maximums so be sure to let them know how much financing you are trying to get. Is this to be described as a short term "bridge" type loan or are you looking for permanent financing? Advise them the loan term you would like in months. They may wish to know what their funds will be used for, and it can help if mention that the cash will be going into the property, so include a general use of capital statement. But remember, this is not the place for actions budget or pro-forma. If you are acquiring an asset you have got to state the exact final cost.<br /><br /><b> Challenging & Soft Equity </b><br /><br />Challenging equity is cash that this borrower has already place in the property or has available to make the deal operate. A down-payment is hard equity, site improvements and executive and other costs will also be credited to a borrower as cash-in-the-deal. Lenders shun sponsors who don't have a substantial cash commitment for a project, so if you might have skin-in-the-game, showcase it. Soft equity is, of course, the worth of the property in addition to the debt against it, the more the better.<br /><br /><b> Credit card debt Service and Exit Strategy </b><br /><br /><a rel="nofollow" href="http://www.sucredit.com.sg/">Money Lender</a>.</div>

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