Monday, July 9, 2012

Commercial Funding

Private Commercial Funding has far surpassed the volume of conventional lending and has become the commercial capital source of choice.  Private lenders and banks must both access the risk exposure which will have an impact on the final rates and terms, but all in all, private lenders have a much greater flexibility, can offer more creative methods of financing and are definitely open to negotiation.
Each lender will have a slightly different loan worksheet and may have different expectations of the detail in your executive summary. Your documents must be 100% accurate, offer full disclosure and executive summary must tell the lender the entire story and entice the lender to consider your request for funding. Prepare, work with your consultant and make a winning presentation. "First impressions are everything here."
 
We take pride in being recognized as one of the fastest in the industry and in the fact that WE ARE NOT SHOPPING DEALS.  WE ARE DIRECT TO THE FUNDING SOURCE who can offer very creative short-term and long-term financing secured by commercial real estate and non-recourse stock loans.  We have the capacity to orchestrate and facilitate creative solutions for even the most difficult transaction. Minimum $250K up to $500M.  We are the Loan Mediators between the Principal and the Funds Group, which is what separates us in the Commercial Funding Industry.
We are interested in all types of commercial real estate, oil and gas, natural gas and alternative energy projects. 
              
100% Joint Venture Equity Financing:  This program provides 100% equity financing for large-scale development projects that require a joint venture partner.
Funding Available for Non-U.S. Residents: There is financing available for Non-U.S. residents.  Contact us today if you are a Non-U.S. resident looking for funding.
100% Funding for Low Income Housing:  The most difficult hurdle for acquiring low-income housing, is buying the property without any capital. This is how we can make it happen for you. The investor puts up the equity and debt and own 99.99% of the property. They take the depreciation. A partnership is put in place. You become the general partner and investors take up to 20% of the income, the balance is divided up. Section 42 runs for 15 years with the same "owners".  See below for further details and parameters.
Large-Scale Debt Financing: ($10 million and up).  This traditional debt financing program provides loans for new development, refinancing and acquisition at competitive rates.
Small Balance Financing: (less than $10 million).  This program is also a traditional debt-style funding model providing loans for projects that are less than $10 million in size.
 DIP Financing: Debtor-in-possession financing or "DIP" financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a troubled company a new start, albeit under strict conditions. Please contact us for details.
Apartment Equity Participation: If you are behind on your payments or headed for foreclosure and have the following:100 units or more, Nothing over 2-Story, No bad areas, Section 8 Ok, Rehab Ok. New construction or construction to perm does not qualify.
Non-Recourse Loans for Multi-Family & Assisted Living: This covers Multi-Family construction/perm, purchase, refi, rehab and fixed long-term interest. Healthcare to include Assisted Living, Nursing Home, Alzheimer Care Facility, Cancer Treatment Centers, Etc. Up to 100% financing for Multi-Family and Healthcare for Non-Profits. Contact us for details.
Commercial Bridge/Hard money: Commercial Land Development: Entitlements, capital infusion, geographical regions, and market conditions are all considered in the approval process. With these issues satisfied, transactions can close quickly. Loans are interest only, most non-recourse, no pre-payment penalty and up to 5 year terms.
Mezzanine Programs: Quick closings are available within 1 to 5 business days with complicated transactions taking longer. Typically, these loans are subordinated to first liens but debt/equity is also available.
Loans For Incoming Producing Property: Commercial Real Estate loans for office buildings, multi-family, and Industrial properties. Transactions can close in 5 days to 45 days depending on the transaction. Bridge Loans and Permanent Loans available through conduit programs.
Commercial Land Development Loans: Entitlements, capital infusion, geographical regions, and market conditions are all considered in the approval process for all commercial land development loans.
Stock Loans: Non-recourse stock loans based on a corporation's or individual's securities as collateral. These stock loans are non-recourse, whether the securities are treasury securities, aged or free trading stock, as well as options and warrants. These stock loans never have a margin call and no reporting. This is a private transaction.

Low Income Housing Projects  

Attention Low Income Housing Owners or Commercial Realtors:

Every community has low income housing, especially now with the state of our economy. The NOI (Net Operating Income) must be $1 million or over. We will look at distressed properties where the current owner neglected updating. Under SEC 42 it applies to new.
Existing must be owned for 10 or more year.
Seller can stay in the property pickup up 10% of the revenues or 20% equity participation plus a management fee. Under Section 42 of the IRS code, the "equity group" is that group furnishing the equity and the debt. The property cannot be sold until 15 years has passed otherwise the parties have recapture income.
1. Current seller must have owned the property for 10+ years.
2. Current seller can stay in the acquisition at 10% ownership.
3. Need past 3 years Profit & Loss Statements and past 3 years Tax returns.
4. Purchase price.
5. Current rent roll.
6. Statement detailing the necessary current repairs, inside and outside (if any).

Personal Asset Loans:

 

Loans are available from $1K - $1MIL 
secured against personal assets such as fine art and antiques,luxury watches, jewelry, diamonds, gold, luxury cars, fine wine and more.
There are no income or credit checks and loans are suitable for all clients in need of short term finance. Loans can be completed within 24 hours.
  • No credit checks
  • Money in 24 hours
Asset Type                                     LTV

Jewelry and Gold                        70%+LTV
Luxury Watches                          70%+LTV
Fine Arts and Antiques                50%+LTV
Luxury Cars/Yachts                     50%+LTV

Some Funded Projects

Office Building in AZ: Borrower wanted to purchase a building in which there were two other buyers interested in the same building. Our Investment Group provided a hard money loan and funded within 3 days. A rate of 10.5% with a 3 year term was provided.
Residential Development and Resort in Texas: Borrower was having difficulties with his construction lender who decided not to continue with the project.  Our Investment Group stepped in and provided a short-term loan of 3.6M based on the accepted value and allowed the 2nd lien to remain subordinated. They were then able to provide working capital so that phase 1 could be completed along with the lot sales. Loan closed in 2 weeks.
Office Building in FL: Our Investment Group provided $47M within less than 30 days, with a rate of Prime + 2
Office Building in NV: Our Investment Group provided an equity piece in the amount of $5.8M within 2 weeks of the completed appraisal.
Office Building in AZ: Borrower needed a fast-close, therefore Our Investment Group provided a bridge loan in the amount of $3.8M within 5 days.
Marina in CA: Borrower was in foreclosure, therefore Our Investment Group stepped in and provided a bridge loan for $8.5M at 14% interest-only, loan closed in less than 30 days.
The Short Sale Market 
Kingdom Builders Financial Group is a nationwide Real Estate Consulting Company.  We work with distressed homeowners to avoid foreclosure. We have a fantastic negotiator who has closed over 3500 short sales, and we pride ourselves on our high success rate, and getting the best possible outcome for the homeowner.
What is a Short Sale?
A short sale occurs when the amount of proceeds in a sale of property is not great enough to pay the outstanding amount of money owed on the first mortgage and any other mortgages. These lenders agree to take less than the total amount owed to them and release their lien on the property to allow the sale to proceed. When they agree to do this, they will issue a “Short Sale Approval Letter” that states the amount that they will settle for and any other terms that they may impose.
What types of property can be sold as a short sale?
Most any type of property can be sold as a short sale. Principal residence, second or vacation homes, investment property, etc. are all possibilities. There are different criteria and ways of treating the transaction for different types of property.
What are alternatives to a short sale?
Once a homeowner has exhausted their options to keep their home through loan modification, forbearance, etc., they may need to look at options to settle their ownership obligations. An alternative to a short sale would be a Deed In Lieu Of Foreclosure. This occurs when a homeowner agrees to deed his interest in the property to the lender without going through the foreclosure process. This may happen when an acceptable short sale offer is not able to be negotiated with the lender. Another alternative is foreclosure. This is when the lender seeks to obtain title to the property through legal action. If there are other financial difficulties in addition to the home and liabilities exceed income and assets, bankruptcy may be an alternative.
Why is a short sale a good option?
A short sale will cause less of a negative impact on a borrower’s credit than the other alternatives. A short sale may allow the seller to buy a new home again in as little as two years. Of course, the borrower’s payment history following the short sale will make an impact in their ability to get a new loan and on the interest rate available. A foreclosure remains on your credit report for 10 years, and you may not be able to purchase another home for 5 – 7 years. Short Sales are not reported on a credit history. It will typically be reported as “settled”, “paid as agreed,” “paid as less than agreed.” or something similar. Current or future employers running a credit check will see a foreclosure, but they will not see a short sale.Deficiency judgments may be negotiated between the homeowner and lender in a short sale, and a good negotiator is often able to negotiate NO deficiency judgment. On the other hand, banks do not negotiate deficiency judgments after a foreclosure, and you will likely have a judgment filed.A short sale allows you to stop foreclosure and get a fresh start.Although short sales and foreclosures are both much more common with the housing crisis and difficult economy, short sales also seem to have less of a social stigma.
What is a hardship?
This is simply any situation or change in your ability to pay your mortgage or to stay in your home. It may be due to a decrease in income, medical expenses, a death in the family, divorce, job relocation, neighborhood deterioration, etc. If your home is worth less than the unpaid balance due the lender, and you have a hardship that makes it difficult for you to continue to make mortgage payments, you may qualify for a short sale.
Why would the lender accept less than what is owed in a short sale?
The lender benefits enormously because they get a quick, certain acceptable alternative to foreclosure without having the expenses of the foreclosure process, carrying costs of the property (taxes, insurance, maintenance, etc.), and costs of sale when listed as a REO sale. They quickly remove a non performing asset from their books and immediately net more than they will likely get if they foreclose.
Who Benefits from a Short Sale with Kingdom Builders Financial Group?
The seller benefits from a short sale because we are looking out for their best interest, getting the short sale approved with usually NO deficiency. Your home sale will be handled like any other home sale, and you are in control of the sale, not the bank. You will be able to stay in the home until the short sale approval is received, and often upcoming sale dates are able to be postponed while the short sale process takes place. Our primary goal is to obtain the best possible outcome for our homeowners.
The buyer gets the property relatively quickly without the uncertainty of waiting for short sale approval and also gets a good value.
IMPORTANT NOTICE: 
Kingdom Builders Financial Group is not associated with the government, and our service is not approved by the government or your lender.  Even if you accept this offer and use our service, your lender may not agree to change your loan.  If you stop paying your mortgage, you could lose your home and damage your credit rating.
       Contact me for further information.

Frequently asked questions…

When was Kingdom Builders Financial started?
Kingdom Builders Financial Group was started in 2005 by Terence Smith.
What type of opportunities does Kingdom Builders have to offer?
Kingdom Builders is currently offering opportunities in our Short Sale and Commercial Divisions.
Which states do we do business in?
Kingdom Builders Financial Group does business in all 50 states of The United States of America and Canada.
What is a Short Sale?
A Short Sale is the process where the owner can sell their home for less than what is owed to their lender.
Is there a cost to our clients to do a Short Sale?
There is no cost to our clients to do a Short Sale on their home.
What are the first steps to getting a Short Sale done on a home?
The first step to getting a short sale done is for a Homeowner to fill out a Pre-qualification form provided by a Kingdom Builders Short Sale Consultant.  Once that is turned in and approved, a member of our Investment team will call the homeowner to collect additional information to get the process started.
How long does it take to close a Short Sale?
A Short Sale typically takes 90-120 days to close depending on how responsive the bank is. 
How many Short Sales has Kingdom Builders Financial closed?
The Investment and Negotiation Team that KBFG works with has closed over 3500 Short Sales successfully.
What types of homes will KBFG consider for a Short Sale?
The best type of home is a home that is worth $100K or more and where the homeowner is in the home and behind on their mortgage 30-120 days because of a qualified hardship. 
What is considered a Hardship?
A hardship may include many different situations.  The most common are a lay-off from a job, cutting of hours on a job, medical issues, divorce and death of a spouse or co-owner of the property.  There may be other hardships that are not listed.  When filling out a pre-qualification form, that section needs to be completed in order to be considered for a short sale.
How do I become a Consultant with KBFG?
More than likely a Kingdom Builders Consultant told you about the opportunity.  Get back with that Consultant and let them know you’d like to get started with Kingdom Builders.  They will send you out a contract to sign.  Once you get that contract turned in, you will receive a training package and you may tune into our weekly training calls. 
What are the Five Steps to Success?
Step One: Locate Clients/Recruit New Team Members
Step Two: Explain the Process of a Short Sale
Step Three: Fill out Prequalification Form Completed & Fax/E-mail to the Office Immediately!
Step Four: Don't Leave Them Where You Found Them.  Offer Them the Opportunity.
Step Five: Commit to Our Training System
How do I get started on finding clients who may need a Short Sale?
Start with the first part of Step 1 in the Five Steps to Success and Make a list of 50 people or more and share what you are doing with Kingdom Builders Financial Group.  Within that first group of people may be someone who needs your services or someone who you may recruit into your business.  You may also receive referrals from those people in your list.  
When and how do Consultants get paid?
A Consultant will get paid when a commission is paid to Kingdom Builders after the closing of the referred Short Sale or Commercial deal.  Payment will be in the form of a check paid to the Consultant.
What is an override?
An override is the commission received by a Consultant on the closings of deals brought to KBFG by a Consultant(s) that was recruited by him or her.
How do I qualify for an override?
In the Short Sale Division, a Consultant starts qualifying for overrides with the first Consultant that they recruit.  In the Commercial Division, a Consultant has to recruit 10 Consultants and have one personally referred deal close in order to start qualifying for overrides. (Please refer to the Commission tab for the complete Compensation plan.)
What kind of projects will KBFG consider getting funded?
The types of projects that KBFG will consider getting funded are as follows: Construction, Mobile Home Parks, Light Industrial, Car Washes, Warehouses, Marinas, Refinance, Automotive Services, Office Buildings, Mixed-Use Buildings, Restaurants, Shopping Malls, Apartment Buildings, Auto Dealerships, Funeral Homes,   Raw Land Lots, Self-Storage Units, Bed & Breakfast, Hotels/Motels, Retail, Gas Stations, Assisted Living, Retail Stores, Shopping Centers, Golf Courses, Condo-hotels, Commercial Land Development, Parking Structures, Medical Facilities,  Condominiums, Oil and Gas and Alternative Energy.
When do you have your Business Overview and Training Calls?
Business Overview calls for the Short Sale Division are Tuesday nights at 9 p.m. EST.  Training calls for the Short Sale Division are Thursday nights at 9 p.m. EST.  Business Overview/Training calls for the Commercial Division are Wednesday nights at 9 p.m. EST and Saturday mornings at 11 a.m. EST.  Leadership Calls are on Monday nights at 9 p.m. EST.
What is the start-up cost to come into Kingdom Builders Financial Group?
There is no start-up cost to join KBFG. 
What is a TEAM?
A team is “Together Everyone Achieves Much”.  Kingdom Builders encourages everyone to create leverage by building a team and helping everyone on your team succeed by leading them by example and support.
What is a SYSTEM?
A System is “Save Yourself Time Energy and Money”.  Kingdom Builders has worked hard to develop a simple system that is easy to follow so that everyone may succeed in the Short Sale and Commercial Divisions of our company.

Kingdom Builders Financial Group - Commercial Consultant Business Opportunity...

We have amazing opportunities for you to join in our mission to empower people financially in this sinking economy by becoming a Kingdom Builders Financial Group Independent Consultant in either the Residential Division, Commercial Division, or both!

We are NOT: MLM | Money Games | Gifting

Our services and opportunities are nationwide to include Canada, and we are currently in full blown expansion mode! If you would like to supplement your current income or replace it all together, we would love to hear from you.

No experience necessary and there are No license requirements! All you need to have is a desire to be financially free! We have a dynamic and simple training system that absolutely works! Please watch the short Commercial Consultant opportunity video.

After you have watched the video, please contact or get back with me about this exciting opportunity and find out how you can get started with our amazing company.

We have private commercial funding available! Private commercial funding has far surpassed the volume of conventional lending and has now become the commercial capital source of choice. Private lenders have a much greater flexibility and are lending money to principals seeking funds for their commercial projects. Call us right now.

We look forward to hearing from you!

To Your Overwhelming Success,

Gene S. Hughes
Independent Agent
443.944.9546 Direct
866.632.2122 (Voice/Fax)