| Shut-downs, inflation, and substantial weakness in major sectors, nothing seems to derail the upward drive of assets like stocks, gold, and silver. Just prove that when the government pumps trillions of dollars into the economy, like it did post-COVID, assets inflate. Not good for the middle class and down, but very good for the wealthy who hold assets. On the lending side, there is plenty of money available. In fact, lenders are getting creative to find ways to lend more money. Here are a couple of HOT new lending products that can possibly help you or your clients who own businesses or are looking to acquire commercial property…. Check them out…. Up to 90% STATED income with a seller second! That’s right! You can buy commercial real estate for investment or for your business with No Tax returns, No Income up to 90%. The lender will do the loan at 75% and allow a second from the seller or even a private lending source to go all the way up to 90%. Credit and collateral only, no income verification. If your business is doing well but doesn’t show it on the returns, this could be an ALTERNATIVE to SBA, you can still get to 90% with No income verification-WOW! The amortization is for 30 years, so the payment is in line with the SBA. Bullseye! Investor Bridge FIX and FLIP If you have strong experience in flipping 1-4 units, and have flipped 10 in the last three years, you are in a great position. You can get up to 95% of the deal covered, with the ARV capped at 75%, and with a 700 plus credit score, your rate comes in around 8.75%. If you have a good track record but not quite as deep, five flips in the past two years, you are still in a very good lane. With the same credit requirements, the rate comes in around 9.75%. If you have one flip in the last couple years or you are just getting started, the door is still open. Your rate starts around 9.99%, and you can still get into the game. NEW MCA Refinance Loan! This is a huge opportunity for businesses that have been stuck with high-cost MCA-type debt. SBA stopped allowing them to refinance these loans, so there have been no good options-UNTIL NOW. This product has 10-year terms like SBA, but it is NOT an SBA loan. Closes in 2-3 weeks. No pre-payment penalties! Rates are similar to credit cards but FIXED and with a 10-year amortization, most MCA debt payments can be dropped by over 60%!  $125,000 to $350,000 and more for loan amounts. Light documentation-recent bank statements, tax return, and a debt schedule. Decisions in 72 hours. Ever since the SBA stopped allowing this debt to be refinanced, I have been looking for a product for with longer terms; here it is.  Lenders have money to lend. That is a GOOD thing. It acts as a buffer for the economy. As long as people have access to money, business can still roll on. When will that change? I don’t know. But while they have the money, you might as well tap it IF you need it. I am not bullish on borrowing just to borrow, but sometimes, it does make strategic sense to tap debt. Give me a call, and we can discuss if these options above or any other lending options may work for you. One call does it all, 512-358-1511. |
P.S. These loans are HOT, check them out, but don’t forget, we also have our own private money for loans that need to close quickly, andwe close a ton of SBA loans as well-with or without real estate. We are a full one-stop shop for the creativity you need to close more deals. DON’T KEEP LOSING DEALS DUE TO FINANCING…give me a call today at 512-358-1511.