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Business Lines of Credit 100709

BLOC $50k to $5m+, Large Project $10m+, REO, Down Payment Assistance

Resources 10/07/09

Greetings from the beautiful San Francisco Bay Area!

After sharing this with Dale at the recording studio we’ve decided to offer a complimentary webinar where each of you can learn about reliable funding sources. We’ve had eight people approved for funding with three different BLOC funding sources and a hard money loan approved at an unbelievable 7.5% 5-year interest only no pre-pay.

Write your questions on this page at the bottom of the newsletter and we’ll cover them on the weekly webinar Friday.

Whether you are a client and have paid us for services or not you are welcome to participate. We do a 90-minute Q&A Webinar every Friday morning from 9:30AM to 11AM Pacific. We’ll use our GoTo Webinar technology.

Dale and I are working hard on our dozens of websites. We continue introducing products and services. It’s a work in progress and I know that we have a long way to go.Thanks to all who have pointed out ways that we can improve.There are hundreds of pages of information on http://www.working capitalfast.com and three to four times that at http://www.joetufo.com/blog

Here are some time statistics from Alexa:
Daily time on site for workingcapitalfast.com:

7 day avg 13.0
1 month avg 14.0
3 month avg 11.6
3 month change 21% 

It’s fascinating to study these results.

The http//www.joetufo.com/blog site as reported by Alexa:

Daily time on site for joetufo.com:

7 day avg 31.9
1 month avg 22.1
3 month avg 18.9
3 month change 11% 


We have four  sources of Business lines of Credit and Personal Lines of Credit with no up front fees,  one source with a $1,750 fee for “Power Funding” and one source with heavy front end fees.

We have a start-up program for those with credit scores in the low 7’s $500 up front, $3,000 at fist funding up to $50,000 and $3,000 above $50,000.

1. Business Line of Credit (BLOC) – Seven Sources

This is a mini newsletter that I sent out the morning of October  7, 2009:

Hi,

Newsletter updates are posted at http://www.joetufo.com/blog. Webinars are Friday mornings at 9:30am Pacific for subscribers. They last about 90 minutes. It’s a Q&A forum.

We have seven Business Line of Credit providers.

We have severed our relationship with BLOC Source E Mitch because of his inability to fund. We stand by ready to assist each client who participated in Mitch’s program and was not funded. In fact we just got Maria of San Diego approved for funding two days after she completed this application:

This is a generic pre-qualification application that is thorough. It worked for Maria who has a 695 mid-score and it may work for you too. Incidentally, you must register for http://www.creditchecktotal.com and provide your user name and password if you move forward with us so that we can access your credit report without posting hard inquiries.

Maria was told that she will fund in 30 to 45 business days. The firm is a licensed credit improvement company.

If you want to learn about Business Lines of Credit you’ll want to purchase this course:

Commercial Loans

Business Line of Credit Video

Our Large Project Funding Source C just funded a start-up business in Egypt $25 million. The story is posted at http://www.joetufo.com/blog

Subscribe to our websites and learn how to fund your project, start-up, real estate project, or dream.

Here’s a list:

Monster Corporations to $5 million

by Joe Tufo[edit]

Up to $5 Million in Funding!

Cash Flow Specialists, Inc. and its agents have designed our Monster Corporations for business owners, investors, and entrepreneurs with capital needs. These corporations are fully documented with tax returns that are verifiable with the Internal Revenue. In addition, assets are also included with these corporations.

Our Monster Corporations are a subsidiary of a parent corporation allowing us to use its assets and cash flow. It mirrors the parent corporation and the parent company actually moves cash to the Monster Corporation to support the operational expenses.

-The Client is purchasing a Monster Corporation through a stock sale:
-Fully documented corporation.
-Minimum of score on Experian of 80
-The funding for a Monster Corporation is from $3 million and up to $5 million (USD).
-Upon successful funding of the corporation, the client will remit a success fee.

-The client is to have a FICO score of 725 and above. We cannot guarantee any funding amounts if client is unable to maintain his credit worthiness or by any future derogatory listing on their credit report or changes in their debts to high credit limits. Our ability to fund the Monster Corporation is up to $5 million (USD). Our vendor Hector will guarantee $1.5K (USD) in funding; however, we cannot guarantee guarantor as guarantor must maintain credit worthiness; i.e., maintain credit scores at or above 725 minimum FICO for all credit bureaus; Equifax, Transunion and Experian.

-Also, to maintain a debt to balance ratio on all personal credit cards of 30% or less, no derogatory credit and no major purchases as this could have adverse effects to ones credit worthiness which in turn can eliminate guarantor from obtaining desired line of credit.

-Free of all liens and judgments and in good standing with the state of issuance.

Call us 1-800-669-2700

The cost for a corp up to $1.5m is $60,000 plus our 1% fee. The cost for up to $3m is $120,000 plus our 1% capped at $25,000. There are four openings to year end 2009: first come , first served.

The back end fee is 15% of which five points is paid to us. Funding time is 90 to 120 days.

Testimonial:

This came in Monday October 5th from Marti:

Thank you so very much Joe, I appreciate your generosity! Yes, I will take the time to fill out this form.
Have a wonderful coming week.
Marti 🙂

p.s. Marti’s website is http://tanetin.com/ My wife Bonnie has been a migraine sufferer her whole life. She’s been taking Marti’s product for three months and is a “new” woman. I encourage you to give her product a try or refer the product to friends and family debilitated  by migraines.

Read Only If You Are Unwilling To Pay Our Commitment Consultation Fee

[edit]

Thanks for your thoughts, Allen.

I appreciate your willingness to ask. After all, you’d never know unless you ask, right?

BUT…

I’m giving over 33 years of experience that others have paid as much as $25,000 plus $2,500 per month on a 12-month commitment for, AND hundreds of articles, webinars, audio, video, ongoing support, and personal help for nothing and taking a chance on whether or not we’ll be successful enough in getting you to cooperate and stay committed to us so that we can fund you and you can pay me the success fee that I’m financing for you at NO INTEREST.

Even if you were to pay the entire $25,000 that I’m charging, it’s a huge bargain at that price.

I’m asking for you to take a $25,000 “risk” on me, and I’m taking a priceless “risk” on you.

Here’s the problem… I have 33 years of experience in doing this, and tons of quantifiable testimonials to back up my results. And the $25,000 I’m asking for for the six-month of support, mentorship, and “roll up your sleeves, put down your head single-minded focus on getting you funded? That’s even guaranteed. (you’re guaranteed to get my attention for six months and focus on getting you funded)

On the flip side, I don’t know you. I have no idea who you are or what you’ve accomplished. For you to not be willing to pay me doesn’t say much for where you are or the confidence you want me to have in you.

I do realize that things happen in people’s lives… many times those things are beyond their control. And most likely, that’s what has happened to you. I do have compassion and empathy for people whom that has happened.

But I’m running a business and if I’m going to be true to my business model, as well as fair to others whom I bring on board, I have to make the same offer to everyone. So if I let you come onboard for free, how can I ethically, honestly, and morally charge others $25,000? It’s just not fair, nor is it right.

And I’m sure that you can understand that I only have a certain amount of time and energy to spend with the people I bring on board, and that I commit ongoing support and service to. And frankly, to be fair to me, my company and associates, my family, and the other clients I have to share that time and energy with, I have to necessarily limit that time to those who have the greatest chance of success. Unfortunately, the only thing I have to judge that criteria by is their past performance.

If I have a limited amount of time available for working, and I have to make a choice between someone who can pay $25,000 or another person who is unwilling to honor me and pay me something, basic business logic makes the decision a no brainer. As much as I would like to help everyone who is in need, I simply can’t do it. I’m not a charity, and I can’t run my business as such.

Past experience has shown that the people who pay the least need the most help, require the most time, and produce the least amount of results. I’m not saying this is you, Allen. But across the board, this has been our experience, and it’s not something that I want to relive again.

As it is, I’m taking a HUGE risk by reducing our minimum requirement to get started to just $10,000 and depending on the balance to be paid in installments: $10,000 in 30 days, and a second $10,000 for carrying you within 60 days.  I don’t know if you are committed. I don’t know you and can’t see actual, quantifiable results: can I count on you to work as hard as I will to see you through to funding? Our screening process helps somewhat, but it’s no guarantee.

I hope you understand my situation and position. I do feel for you and wish there was a way that I could help you and everyone else who is in a similar position, but I simply can’t. It’s not good business. It’s not a productive use of my time. And it’s not fair to others who have paid significantly more for less than what we’ll be doing to help you reach your dreams in funding your project.

But… as I mentioned previously, I do appreciate your asking, and I wish you the best.

  • Remember that we are here to serve you and those whom you choose to refer M-F 7AM to 5PM Pacific and 8AM to 12 noon Saturday (Saturdays  until the Holidays).May God shine His face upon you and call you blessed!


2. Large Project Funding

  • Please remember that we have several large project funding sources that will fund from $2 million to hundreds of millions.

    Testimony Large Project Funding Source C $25m

    by JOE TUFO[EDIT]

    I just received this from a Google Alert:

    Large Funding Source C

    Monday, September 28, 2009

    The Wall Street based internationally licensed law firm and financial services institution LP Source C,  organized, negotiated and closed a direct investment capital funding package for a private start-up business in Cairo, Egypt.

    The $25 Million funding by LP Source C was a direct investment by a French investment consortium, with a 20% temporary equity interest in the project as collateral security.  The successful closing was made possible by innovative legal work of LP Source C, providing a stronger form of equity security contract to satisfy the European lender.

    LP Source C, led by its original founder Matthew Greene, a prominent economic security and international relations expert, structured the loan in accordance with Muslim principles.  Instead of interest on the loan, LP Source C legal work resulted in the equity security collateral being convertible to a one-time profit sharing payment of 20% of profits at the time of repayment of the loan.

    Using the successful funding arranged by LP Source C, the Egyptian real estate development company is undertaking construction projects to use design elements of traditional ancient Egyptian architecture in modern buildings, combined with aesthetic design elements of traditional Muslim architecture, to preserve and promote Egyptian and Arabic culture in modern construction projects.  This is expected to beautify local cities, increase overall attractiveness of an area to tourists, and increase the marketability of residential and commercial buildings constructed.

    Egyptian government authorities praised the initiative of LP Source C, and the politics of its founder Matthew Greene, in promoting cultural policies in the construction industry to strengthen national identity and attractiveness of national culture to foreigners.

    (Case results depend on many factors unique to each case, including facts of a case and decisions of independent third parties.  No firm can guarantee a positive result in any particular case.)

    3. REO

    We have access to residential and commercial REO’s direct from the FDIC. We do have other sources as well.

    You may be interested in this upcoming event:

    The commercial real estate market is facing unprecedented challenges in the current financial meltdown. CRE lenders and CMBS special servicers are confronted by non-performing and troubled loans, while CRE borrowers requiring refinancing for incomplete, devalued and troubled assets need to find new sources of financing to rescue their investments. By the same token, opportunities to buy have never been better. However, only those investors who truly understand current market conditions and the optimal techniques to navigate through the minefields of the current market will be able to take full advantage of these opportunities.

    As a result, Infocast has organized the 2nd Annual Distressed Commercial Real Estate Summit East. Industry players will gather to explore opportunities in distressed commercial real estate in leading Eastern market areas. The Summit is an exciting regional event designed to provide the latest market intelligence on distressed CRE investing and create a high-powered networking platform for buyers and sellers of distressed commercial properties and loans. It brings together some of the industry’s leading players—servicers, owners, buyers and sellers—to discuss the key market trends in distressed CRE, such as: What is the current market for opportunities? When is the right time for investors to pull the trigger? What are the opportunities in distressed property and commercial paper? How are banks, insurance companies, and CMBS special servicers responding to their distressed loans and what strategies and processes are they adopting to workout troubled loans? What debt and equity are available to save distressed deals?

    Finding distressed deals is all about meeting people and developing relationships. So, please join us for this high-level networking event where servicers, owners, buyers and sellers will gather together and where you can build the all-important relationships and gain the invaluable insights that will enable you to successfully seize the distressed CRE opportunities in today’s market.

    Receive detailed briefings on:

    • Market challenges and opportunities
    • Rescue financing – availability and players
    • TALF, PPIP, FDIC, other governmental incentive programs and investment opportunities
    • State of the CMBS and CDO markets
    • Bankruptcy and restructuring opportunities, including DIP lending
    • Investment opportunities in the commercial paper market

    Pre-Summit Workshop Nov 4, 2009

    Investing in the Loan Secondary Market – What You Need to Know

    Get the latest information on the loan market and learn about the best strategy for structuring your bid for distressed commercial real estate.

    Join Investors, Lenders, CMBS Special Servicers, Commercial Paper Buyers, and Owners/Operators to Explore Opportunities in Distressed Commercial Real Estate

    Click Here to Download a Complete Conference Brochure


DOUBLE CLOSE / DOWN PAYMENT ASSISTANCE / ESCROW PROOF OF FUNDS

PROGRAM GUIDELINES

Use a private investor’s funds to close your deal.  An escrow account for the transaction can be arranged in your name, or company name, at INVESTOR’S TITLE in Las Vegas, NV.

Funds can be used for double close or down payment assistance with minimal or no up-front costs to you.

Residential REO packages, large commercial or multi-unit properties, and non real estate transactions are all applicable.

Funds cannot be moved or depleted, investor does not arrange loans or financing The Investor’s escrow company as well as escrow attorney will be used and cannot be substituted.

DETAILS OF THE TRANSACTION

The investor requires a written Narrative/Scenario of the Details of the Transaction in as much detail as possible, providing Total Transparency, in order to determine the investor’s interest toward the transaction.  **This is to be done for each transaction if more than one that the investor is introduced to.

The fees will vary and will be divided by intermediaries for each deal (Brokers protected).

The Title Company will be the paymaster.  Before the start of the transaction a CONSULTANTS BROKERS RECITALS LIST will be completed and submitted with the package to the investor.

All e-mail communications must list the Last Name of the Principal, or funding entity, in the subject heading.  Consistency with this practice is required in all Emails as this is how the deal will be filed.

Complete Details of Transaction & Exit Strategy:

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

_____________________________________________________________________________________

APPLICATION

Date: _________________________  Dollar Amount Needed:  $___________________._____

PRINCIPAL

Full Name: ____________________________________________________________________________

Present Address: _______________________________________________________________________

_____________________________________________________________________________________

Phone (office): (             ) _________________________ (home): (             ) _________________________

(Mobile): (             ) ______________________________

E-mail address: ________________________________________________________________________

Name to be listed on Escrow Account: ______________________________________________________

Date the account needs to be active: _______________________________________________________

Do you require a VOD?  Y / N

What is the closing date of the transaction?  _________________________________________________

SELLER

Full Name: ____________________________________________________________________________

Present Address: _______________________________________________________________________

_____________________________________________________________________________________

Phone (office): (             ) _________________________ (home): (             ) _________________________

(Mobile): (             ) ______________________________

E-mail address: ________________________________________________________________________

Address of property being purchased:

_____________________________________________________________________________________

_____________________________________________________________________________________

Appraised value of property: $_________________________._______

Submit completed application to Joe Tufo

joe@joetufo.com

Phone (925) 352-6000

Fax (206) 984-2853