Category: Business Lines Of Credit

Business Lines Of Credit, Also Known as Working Capital Can Range from Micro Loans to Multi-Million Dollar or More Credit Lines. The Can be Secured or Unsecured.

Categories
Business Lines Of Credit Factoring In The News Money Available Preparation Referral Partners

CFO Article – Credit Alternatives – Consider Factoring

Banks Take Aim at Revolvers

With lenders shrinking the length and size of their commitments to companies and charging more, liquidity risk is rising.

Vincent Ryan – CFO.com | US

July 1, 2009

Companies are finding themselves in a liquidity squeeze. At a time when financial markets and counterparties are scanning companies’ liquidity with a sharpening eye, a large swathe of lenders is tightening access to revolving lines of credit, recent data shows.

Indeed, banks are “universally adjusting” the terms on revolving lines of credit, according to a June report from CreditSights.

Related Articles

Banks are cutting the size of revolvers, upping interest rates, shortening maturities, and enhancing their collateral positions, regardless of where companies fall on the credit-quality spectrum, says the report, written by analyst Chris Taggert.

Revolving lines of credit are a critical capital source for payroll, buying raw materials, and paying rents, as well as a liquidity backstop for commercial paper. Higher rates and reduced capacity on such debt can mean companies have to consume more of their cash on hand in daily operations.

Data from banks backs up CreditSights’ findings. Unused commercial-credit commitments at large banks shrank in the first quarter, according to a review of call reports by CFO.com. Citigroup’s unused commercial credit commitments dropped to $262 billion in the first quarter of 2009, down from $405 billion a year earlier; JPMorgan Chase’s obligations fell to $247 billion, from $311 billion; and Bank of America’s dipped to $269 billion, from $305 billion.

What’s more, new issuance of corporate revolvers continues to plunge. In the first half of 2009, banks issued $163 billion in new revolving lines of credit, down from $292 billion the first half of 2008, according to new data from Reuters Loan Pricing Corp. Total issuance for 2008 was $455 billion, while in  the prior three years prior it had exceeded $1 trillion.

“Revolvers represent contingent liabilities for the banks,” says Richard Speer, chief executive at bank consultancy Speer & Associates. “They’re trying to reduce their risk levels and focus on managing their exposure. It’s typical right now for them to tighten.”

Speer says another trend is driving the lower numbers: the highest quality corporate credits aren’t borrowing, choosing to fund business through working capital improvements or other forms of credit. “The companies that are borrowing are those that don’t have a choice,” he says. “That’s why banks have to be that much more careful.”

Spreads, generally, are three times higher for companies refinancing their revolvers. And maturities are shortening. Five-year revolvers, for example, are being eliminated entirely or “split” between a 364-day maturity and one that goes out to three years. The percentage of revolvers with 364-day maturities reached 50% in the first half of 2009, according to Reuters Loan Pricing. As late as 2007, less than 20% of new issuances had maturities as short as 364 days.

The pain is not being spread evenly, however. Highly leveraged borrowers are feeling more of the brunt of banks’ new prudence. But some upper-tier borrowers in that group are taking an active stance and not waiting for banks to come to them. They are offering lenders “amend and extend” deals, notes CreditSights. Lenders can opt-in to extend a revolver’s maturity, in return for a sizable rate increase (200 to 400 basis points). But not all lenders want to renew their commitment, so the revolver can be split into two tranches, old and new.

That can result in diminished revolver capacity later on, when the commitment of the old lenders ceases. Graham Packaging, for example, obtained $122.8 million in extension, but that was only half the size of its existing revolver. CreditSights calls such deals “a de facto collateral enhancement” for the lenders that agree to re-up.

In most cases, companies will take it, as they view locking-in credit of any size as key. They are anticipating what CreditSights calls the “heavy maturity years” of 2011 to 2015. During that period, $936 billion of institutional loan and high-yield bond debt comes due.

There are other disadvantageous terms seeping into revolver agreements. Tying revolver spreads to spreads on the company’s credit-default swaps or a credit-default swap index like CDX is one. (This happened to Rockwell Automation, a “mid single-A” rate firm.) Concerns about rating agencies are giving this pricing method a boost. “The loan market is starting to see [CDS margins] as a more accurate reflection of credit risk,” says Vanessa Spiro, a partner at Jones Day. “But borrowers are not enamored of it.”

“Springing maturity” provisions are another tweak that undercuts the stability of revolvers. These provisions exist to keep a lid on a company’s total outstanding debt. In one example, if senior secured leverage exceeds a certain percentage on a future test date, the revolver matures earlier.

There is one positive change for borrowers, however. New terms give them the ability to claw back value from a defaulting lender, says CreditSights, in effect applying loan payments to cover credit advances that have gone un-honored. CreditSights says that change is in part being driven by the collapse of Lehman Brothers.

Why are changes to revolvers so important? The refinancing issues with revolvers affect more than just banking relationships, says Pam Krank, president of The Credit Department. For one thing, when a bank reduces or revokes a line of credit, “it’s a trigger” for aggressive action on the part of unsecured trade creditors, Krank says. “If bank availability goes down, it makes the unsecureds very nervous.” As a result, they cut the amount of trade credit granted a customer or put the customer on hold altogether, she says. “It has a huge impact.”

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

Frequently Asked Questions About A/R Financing Questions about the Application Process

Q: Do I have to pay a fee to get started or for you to process my application?
A: No. Sxxxxxx requires no start-up fees to process your application. However, upon acceptance of our proposal, Sxxxxxx may require a documentation and due diligence fee to cover our underwriting costs.

Q: How long does it take to process my application?
A: Normally between three and five working days is enough to get a client approval. We are generally able to give preliminary approvals within 24-48 hours via a proposal that details the basic terms of our agreement.

Q: Who will help me complete the application?
A: Sxxxxxx has several experienced Business Development Officers that will assist you with the application, and will walk you through the process.Joe Tufo of Cash Flow Specialists, Inc. is also available to assist.

Upon acceptance of our proposal and completion of the underwriting process, your Business Development Officer will introduce you to the Account Manager that will ultimately be your daily contact.

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

More on A/R Financing

Q: What size clients does Bob and Sxxxxxx Financial Serve?
A: Sxxxxxx serves companies from $15,000 to $1 million in monthly sales.

Q: Do you have any restrictions as to the location of a client?
A: No. Sxxxxxx is a nationwide commercial finance company – they can serve clients in all 50 states.

Q: What about the location of the clients’ customers?
A: Sxxxxxx purchases credit-worthy invoices from anywhere in the US.

Q: Do I have to be an established business, operating a minimum number of years, to be approved?
A: No. Sxxxxxx prides itself on catering to the financing needs of small to medium size businesses that are recently founded. Even pure start-ups are not a problem in most cases, as long as there are commercial accounts receivable.

Q: What types of businesses do you finance?
A: Sxxxxxx serves a wide range of industries, including trucking, temporary personnel agencies, printing companies, manufacturers, wholesalers, and many service industries such as janitorial services. Most any business that sells a product on terms not exceeding 60 days can use our program.

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

Q: What is A/R Financing?

Q: What is A/R Financing?
A: A/R Financing is the purchase of accounts receivable at a discount for immediate cash. A/R Financing gives businesses the power to ensure growth without diluting equity or incurring debt.

Q: What do lenders look at when deciding whether or not a company’s accounts receivable can be financed?
A: Making sure that your accounts receivable is healthy is good for your business, and will help you get the financing you need. Here are three items that lenders consider when they evaluate your A/R.

Q: Do you have a concentration risk? (Are you putting all of your eggs in one basket?)
A: Lenders generally don’t want to see any more than 20-25% of your A/R owed by any one customer. There are many justifiable concerns that a lender may have, if too much of your business is dependent upon any one customer.

A lender must consider whether or not your business could survive if your largest customer goes bankrupt, finds another supplier of goods or services, or refuses to pay because of a dispute. The lender will want to feel certain that you will be able to find enough additional customers to keep your company in business. The less you are dependent upon any one customer, the more attractive your A/R will be to a lender.

Q: What is the credit worthiness of your customers?
A: Lenders that finance accounts receivable look to the credit worthiness of your customers, rather than your credit strength. Just like you, they want to ensure themselves that they will be paid. No one wants to spend time, effort, and considerable expense in providing goods and services to someone that can’t or won’t pay their bills. A lender will want to understand the credit check process your company utilizes in determining whether or not it is willing to do business with a new company.

Q: What is your dilution percentage?
A: Lenders also want to know for each $100 that you bill, how much do you actually collect – $98, $88, $70? The lender will want to know whether your customers generally pay you the face amount of your invoices, or rather are there often offsets, short pays, disputes, processing fees, etc. This may indicate problems in your operations such as billing or paperwork problems. Lenders need to feel confident that when you bill $100, you will collect $100. If a lender gives you a 90% advance rate, but you only collect $88 on the $100 billed, the lender will be unwilling to continue to advance you funds.

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

Questions about our Accounts Receivable Funding Programs

Q: How do you normally structure a program?
A: There are typically two components to our program. The first is an administration component that covers the cost of the account management, and the credit and collections functions. The second component is based on the money cost and length of time the advanced funds are utilized.

Q: How much will Sxxxxxx advance me on my commercial account receivables?
A: Sxxxxxx will estimate the anticipated Advance Rate at the time we issue a proposal. Upon completion of the final due diligence process, Sxxxxxx will commit to you an acceptable Advance Rate that will meet the needs of your business. Typical Advance Rates will range from 70% to 85% of eligible receivables.

Q: What happens to the other 15% to 30%?
A: Sxxxxxx will rebate back to you the remainder, minus our service fee, once we have received payment directly from your customer..

Q: Can I out-source my entire A/R function to Sxxxxxx ?
A: Many companies will utilize us as their total A/R solution. It is possible that you can change the responsibilities of current personnel to focus on more profitable aspects of your business, and we will take care of the accounts receivable, credit evaluation, and collections.

Q: Do I have to finance all of my invoices?
A: No. You are always free to decide which invoices to finance and which to keep in-house. However, if you choose not to finance all of your invoices, your available cash flow may not be as great.

Q: Are my receivables held as collateral?
A: Yes. Sxxxxxx requires a first position on all accounts receivable while you are financing your receivables with us.

Q: How long do I have to commit to financing my invoices?
A: Our standard term is 12 months. However, we can adjust the term to meet your needs.

WE CARE!

That’s why our employee owners work along side you exceeding your expectations with a sense of urgency to get the job done for you!

Categories
Business Lines Of Credit In The News Money Available Preparation Real Estate Projects Referral Partners

Asset Monetizing Process & Procedures, Paper Assets/CMO’s/ Bond’s/CD’s/Treasuries/Stocks/Notes

Asset Monetizing Process & Procedures,

Paper Assets/CMO’s/ Bond’s/CD’s/Treasuries/Stocks/Notes

(No Bearer bonds)


Send over a copy of the Paper Assets CMO’s/Bond’s/CD’s/Treasuries/Stocks/Notes.

If available or send the CUSIP or ISIN Numbers.  CIS Form and a Statement as to where the asset is held if possible and how much of the asset the client owns.


We will review and want the borrower on the phone ASAP, with the Underwriter and or Banker.


Our disclosures will be forwarded to the borrower – we need to know the fees that need to be included on the broker side.


Disclosures come back we will send account docs and a transfer form for the borrower to open an account and transfer the securities/assets to our investment bank.


A conference call with the client will be scheduled.


To further after the call we will request financials on the Borrower / Company.


When the securities are transferred we will then work to monetize them with in 3 days for the account being opened, This usually closes in a week.


Needed to get started;

1. Copy of the client’s driver’s license and passport

2. Entire copy of the statement of portfolio to be transferred in. (which would include account titling).

3. The client info sheet filled out

4. Articles of incorporation or Trust docs


TERMS

Loan against market value,

Up to 95% at 1.5% over LIBOR

30 YEARS

1 POINT


Trade/Buy-Sell/PPP


The proceeds from the Monetizing Process can then be placed into our platforms for further monetizing and take-out of Loan.


(Please put the last name of principal or funding entity in the subject heading and type of asset and be consistent in all Emails.  This is how the deal will be filed)


For further details of the process please feel free to contact my office.


With Warmest Regards

Joe Tufo

Categories
Business Lines Of Credit Improve Credit In The News Large Projects Money Available Preparation Real Estate Projects Referral Partners REO

Double Closes, Down Payment Assistance, Proof of Funds

We also have investors to JV on petroleum transactions


We can provide all of the following:

· Down Payment Assistance

· Double Closes

· Escrow Proof of Funds

· No Credit Check

· No Appraisal Needed

· No LTV Requirements

· No Financials Required

· All Closing Costs Are Included


Double Closing

Investor will fund 100% of the deal as long as you have a back end buyer or end funding in place and willing to close at the same time

Example: A=Seller B=Investor/Buyer(You) C= End Buyer
*** Investor will only fund A to B when C has their money ready to go***

The investors nationwide title company is an expert with double closes. Residential, commercial, land, apartments, REO, short sales. Investor will fund any amount up to $40,000,000.00

Frequently asked questions:

Q: Do you provide 100% of the funds including closing costs?
A: Yes, this is a no out of pocket transaction.


Q: Will you fund even if I have bad credit?
A: Yes, no credit report is required, or even pulled because we are paid off immediately

Q: How much can you fund?
A: We can fund up to $40,000,000.00. We fund residential, commercial, apartments, land, REO, REO Bulk, and farms.

Q: Do you provide funding for the end buyer?
A: No, we only fund A to B, not B to C.

Q: How much do you charge?
A: Fees are based on the amount needed for the transaction.  Discounts apply for repeat customers.

Q: Do you provide Proof of Funds Letter?
A: Yes, You will normally get a POF within the same business day for the full purchase amount if necessary.


Q: Is there a cost for a Proof of Funds Letter?
A: Yes, normally the POF will cost 3% but the cost will be credited towards the closing fee.  (this way we ensure that people are incented to use us for the back end close instead of endlessly getting POF’s).  The POF is valid for 60 days.


Down Payment Assistance

Investor will fund any percentage down payment that you wish as long as the seller is willing to credit that portion of their proceeds, plus fees, back at closing.

Example: A=Buyer B=Seller C= Us
Investor will fund the down payment required for A to buy from B.  B then credits back that amount, plus our fee, through escrow.


Q & A


Q: Do you provide 100% of the funds required for the down payment closing costs?
A: Yes, this is a no out of pocket transaction.


Q: Will you fund even if I have bad credit?
A: Yes, no credit report is required, or even pulled because we are paid off immediately

Q: How much can you fund?
A: We can fund up to $40,000,000.00.  We fund residential, commercial, apartments, land, REO, REO Bulk, and farms.

Q: How much do you charge?
A: Typically transactions under $1M are 10% of the funds used; however, discounts are available for repeat customers.

Q: Do you provide Proof of Funds Letter?
A: Yes, You will normally get a POF within the same business day.


Q: Is there a cost for a Proof of Funds Letter?
A: Yes, normally the POF will cost 3% but the cost will be credited towards the closing fee.  (This way we ensure that people are incented to use us for the down payment and instead of endlessly getting POF’s)  The POF is valid for up to 60 days.


Escrow Proof of Funds


Investor can provide an escrow account in your/your company’s name with cash deposited in any amount up to $25M.  You may have the account for as little as a day or as long as 90 days.


You may verify the account via a letter, on the escrow company letterhead, a printout of the escrow account ledger and verbally verify with the escrow officer directly.


Accounts set up in as little as 24 – 48 hours


PROOF OF FUNDS – SWIFT MT 760 – MT 799 –


TOP 25 US BANKS – TOP WESTERN EUROPEAN BANKS


Borrowers Have Utilized These Funds for a Variety of Reasons

  • Leverage Funding for Large Commercial Projects
  • Funding a Trading Platform
  • Credit Enhancement
  • Blocked Funds
  • Qualify for Financing
  • Net Worth Requirements
  • Providing Evidence of Proof of Funds
  • Commodities / Petroleum Transactions

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

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

NATIONWIDE FINANCIAL SOLUTIONS

NATIONWIDE FINANCIAL SOLUTIONS

Bob, whom I have known from Sxxxxx Financial Services work with companies of all sizes all across the nation. We’d love to work with you as well. Inquire today!

Stages of the A/R Funding Process

Application Stage:In order for Bob from Sxxxxxx to prepare an A/R Funding program tailored to fit the needs of your business, we will need you to submit the following items:

  • A completed and signed application.
    General (44.8 KB PDF)
    Trucking  (46.1 KB PDF)
  • Business financial statements for the previous 2 years
  • A current accounts receivable aging
  • A copy of an invoice with all supporting documentation
  • Federal tax returns, both business and personal, for the previous 2 years
  • A copy of your organizational documents (i.e., Articles of Incorporation, Articles of Organization, Partnership Agreement, etc.)
  • Personal financial statement on all owners of 5% or more of the company’s stock
  • An accounts payable aging
  • A customer list with address, and phone numbers.
Proposal Stage:Once we have received the information indicated above, we will prepare a proposal setting forth the terms of the A/R Funding program that our specialists have designed for your business. At that point, you will be asked to submit the following:

  • A signed copy of the proposal (assuming that the terms are acceptable to you)
  • A due diligence fee to cover the costs of underwriting the transaction
  • Additional information requested by our Underwriting Department
Due Diligence and Funding:Upon our receipt of the items requested above, we will proceed with the following steps:

  • Complete the remainder of our underwriting and due diligence analysis
  • Finish all credit, lien and judgment searches
  • Prepare legal documents, including any takeouts of existing lenders
  • Have the contracts signed by your authorized representative
  • Introduce you to your Account Executive in our Operations Department
  • Begin funding on your invoices
Categories
Business Lines Of Credit Improve Credit In The News Large Projects Money Available Preparation Real Estate Projects Referral Partners REO

REO Package Availability, Large Project Source E Funding Four Projects Now, Proof of Funds $5m min., Consultation Booking Now, Six Major Funding Sources $10m+, BLOC $50k to $2m, San Diego/Anaheim July 2-July 12th, A/R Lines of Credit

I am leaving for San Diego for our nieces wedding tomorrow (July 4th) with my wife of 34 years, Bonnie, and our two youngest children; Katie age 11, and Mike age 9. If you are located somewhere between Concord CA and Coronado Beach CA give me a call. I’ll be in San Diego July 4th and July 5th and then July 11th and 12th  and Anaheim July 6th to July 10th.

This is a “mini-newsletter” if you consider 6463 words small that went out to our 230 referral partners and a few hundred clients and prospects this week:

This just came in at 4:35PM Tuesday June 30th from Paul, a broker appointed by the FDIC to liquidate FDIC inventory. i have the LOI form.
:

This is the June 30th, 2009 summary of available packages for sale. All Sold packages are noted and will be removed next week.

Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.

Make an offer regardless of the sales price or asking price!

Real Estate Owned by the Bank (REO)

Make an offer in the form or a “Letter of Intent” and a Non-circumvention and Non-Disclosure agreement (we provide the LOI template for you), also be prepared to provide Soft Proof of funds to the bank. See attached preferred LOI format.

Make an offer regardless of the sales price or asking price!

PERFORMING NOTES

Performing Note packages are available for purchase by submitting a “Letter of Interest” which must include at a minimum the name of the buyer and their attorneys that will handle proof of fund.

The Buyer and the Buyers representative must sign and return a NCND to Cash Flow Specialists, Inc.

A Note Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 85 to 90% of their face value.


PACKAGE # 5-4e AVAILABLE – 6/29/09

REO SFR Package

25 SFRs and couple of duplexes All in GA.

BPO to be determined in Escrow estimated value is 2.7 million

Sales Price = $1,334,270

PACKAGE # 5-4j – AVAILABLE – 6/25/09

REO unfinished Condos Package with 10K commercial leased 20+ years

Foreclosure Pending

70+ SFR all in downtown Los Angeles, CA

Units are 800 to 1500 square feet

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4k – AVAILABLE – 6/29/09

REO 28 SFR in GA, NC, VA,WV, MD,

BPO to be determined in escrow (make an offer)

Make offer Plus 3 % in fees

PACKAGE # 5-4m – SOLD – 6/25/09

REO 18 SFR in NV

BPO to be determined in escrow (make an offer)

BPO to be determined in Escrow

Make offer Plus 3 % in fees

PACKAGE # 5-4n1 – SOLD – 6/29/09

REO SFR – 22 SFR in CA, Los Angeles

BPO estimate $7,039,000

Asking Price: $4.426 million

Make offer Plus 3 % in fees

PACKAGE # 5-4o1 – SOLD – 6/24/09

REO SFR – 7 SFR in Los Angeles, CA

BPO to $982,205

Asking Price: $879,278

Make offer Plus 3 % in fees

PACKAGE # 5-4p – SOLD – 6/25/09

REO SFR – 10 SFR in Los Angeles, CA

BPO to $3.273 million

Asking Price: $1,816,499

Make offer Plus 3 % in fees

PACKAGE # 5-4r – AVAILABLE – 6/29/09

REO – 97 Florida SFR

BPO to be determined in Escrow

Seller will accept 60 cents of current BPO

Make offer Plus 3 % in fees

PACKAGE # 5-5 – STATUS –SOLD  6/29/09

Non Performing Note Package Multi-family & Commercial assets including:

States and quantities in those states: CT(6), NJ (12), NY(18), PA( 2)

Apartments, Multi-family plus small retail, and office

30 notes valued at $18.2mm – LTV average 75%

Priced at 81 cents on the dollar = $46,206,196

To review tape make an offer in the form of an Letter of Interest (LOI) and provide SPOF contact information in the LOI.

Make offer Plus 3 % BPO fees

PACKAGE # 5-6 – –AVAILABLE 6/29/09

Performing Hotel 1st Trust Deeds for sale both borrowers

1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to

$2,473,910 – Available

Available for 81 cents on the dollar.

To review tape:

Make an offer in LOI for and include contract POF information.

PACKAGE # 5-26 – STATUS –AVAILABLE 6/29/09

Performing Notes for sale Arkansas

Hospital Performing

Payers credit over 700 FICO

Remaining Balance $107,000

Make offer

PACKAGE # 5-27 – STATUS –AVAILABLE 6/29/09

Performing Notes for sale Washington DC – 83,411 Square Feet

south of Class B Washington DC Suburban Office Property – 83,411 SF

$7.8M Owners valuation – Property is 100% occupied

Bank is willing to take 20% off, we are direct to bank

ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)

PACKAGE # 5-28 – STATUS – AVAILABLE 6/29/09

REO SFR LAND package

233 SFR Lots located in various states FL, NC,SC,

Owner BPO =$6.1.million

Make offer Plus 3 % in fees

PACKAGE # 5-29 – STATUS – AVAILABLE 6/29/09

REO Commercial LAND package

18 Lots located in various states FL, NC,SC,

4 commercial, 3 office buildings, 3 Convenience stores

Owner BPO =$71.3.million

Make offer Plus 3 % in fees

PACKAGE # 5-30 – STATUS – SOLD 6/29/09

REO SFR Los Angeles, CA

99 Single Family homes

BPO = 20,788,073

Price = 11,433,440

3.0% fees included in the Price

zip codes:90001,90002,90003,90026, 90037, 90011,90016 90018,90022,90032,90042,90044,90047,90059,90060,90061,90063,90065

PACKAGE # 5-31 – STATUS – SOLD 6/25/09

REO SFR Orange County, CA

73 Single Family homes 3+ bedroom, 2+ Baths

BPO = 26,354,574

Prices = 15,285,652

zip codes: 92831,92832,92833,92835,92675, and 8 SFR total in 91723,91724,91722,91724

PACKAGE # 5-32 – STATUS – AVAILABLE 6/29/09

REO COMMERCIAL Orlando, FL

5K Sq.ft., 1+ AC Historic 2 Story

BPO = $4.9 million

Asking = $3.3 Million

PACKAGE # 5-33 – STATUS – AVAILABLE 6/29/09

REO COMMERCIAL SpartanBerg, SC

30K Sq,ft. Hotel

BPO = $20 million

Asking = 18.00 Million

PACKAGE # 5-34 – STATUS – AVAILABLE 6/29/09

REO COMMERCIAL Columbia, SC

7+K Sq.ft. Restaurant

BPO = $1.7 million

Asking = $1.15 Million

Fees included

PACKAGE # 5-35 – STATUS – AVAILABLE 6/29/09

REO COMMERCIAL Tampa, FL

16K Sq.ft., Office Building

BPO = $1.0 million

Asking = $690K

Fees included

PACKAGE # 5-37 – STATUS – available 6/29/09

REO COMMERCIAL , NC

2,8K Sq.FT. Convenience store

BPO= $525K

Asking = $ 357K

Fees included

PACKAGE # 5-38 – STATUS – available 6/29/09

REO COMMERCIAL, GA, 4.3K Sq.ft. commercial building

BPO= $370K

Asking = $ 251K

Fees Included

PACKAGE # 5-39 – STATUS – available 6/29/09

REO COMMERCIAL, SC, 2.3K Sq.ft. convenience store

BPO= $350K

Asking = $ 231K

Fees Included

PACKAGE # 5-40 – STATUS – available 6/29/09

REO COMMERCIAL , NC, .8 AC. Convenience store

BPO= $370K

Asking = $ 251K

Fees Included

PACKAGE # 5-41 – STATUS – available 6/29/09

REO COMMERCIAL , FL, 4.3K Sq.ft. Office building

BPO = $380K

Asking $258K

Fees Included

PACKAGE # 5-42 – STATUS – updated 6/29/09

REO COMMERCIAL , NC, 2.8K Sq.ft. Convenience store

BPO= $274K

Asking $191K

Fees Included

PACKAGE # 5-43 – STATUS – available 6/29/09

REO COMMERCIAL , SC, 5K Sq. Ft. Restaurant

BPO = 350K

Asking = $228K

Fees Included

PACKAGE # 5-44 – STATUS – available 6/29/09

REO COMMERCIAL , NC, 1.2K Sq. Ft. Office

BPO = $220K

Asking =$149K

Fees Included

PACKAGE # 5-47 – STATUS – available 6/29/09

REO 48 SFR – New York properties in – Bronx (6), Brooklyn (11), Far Rockaway (6), Floral Park (1), Jamaica (5). FARMINGDALE (1), FREEPORT (3), SAINT ALBANS (1), Cambria Heights (1), East Elmhurst (1), Pleasant Valley (2), POUGHKEEPIE (8), South Ozone Park (3),

BPO estimate: $14.5 million

Price:  Make an offer and include 3% BPO fees

PACKAGE # 5-48 – STATUS – SOLD 6/29/09

REO 12 projects in New York State some unfinished, total of 301 Apartments, 1 Commercial Condo

Cities: NYNY (3), Brooklyn (5), Flushing (2), Yonkers (1), Jersey City (1)

BPO estimate: $70.9 million

Available for sale on a line item basis!!

Price: Make an offer and include 3% BPO fees

PACKAGE # 5-49 – STATUS – SOLD 6/29/09

Non Performing (35) Notes

Colorado and Arizona – Commercial (3), Retail (3), Lots (8), SFR (13),Multi-Family(3), Retail (3), Office (4), Estate (1)

LTV % average 75%

Loan Value total is $57.6 million

Price: Make an offer and include 3% BPO fees

PACKAGE # 5-50 – STATUS – available 6/29/09

14 Waterfront Condos and boat lifts. The project is 85%, FL

BPO finished in 2008 = $7.5 million

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-1 – STATUS – available 6/29/09

Non Performing Notes

14 office and retail New Units. 20,000+ sq.ft., FL

BPO fto be determined in Escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-2 – STATUS – available 6/29/09

Non Performing Notes

9 Condos 1,600+ Sq.Ft., FL

BPO to be determined in Escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-3 – STATUS – nonexclusive 6/29/09

Non Performing Notes

150+ room Hotel , FL

Recently Remodeled

BPO to be determined in Escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-4 – STATUS – available 6/29/09

Non Performing Notes

3 Condos 2,000+ Sq.Ft., FL

Recently Remodeled

BPO estimated $340,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-5 – STATUS – Updated 6/29/09

Non Performing Notes

75+ unit Apartment building FL

BPO estimated $7,550,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-6 – STATUS – available 6/29/09

Non Performing Notes

1 Condo 4 bed ,3.5 baths(5,100+ Sq.Ft). FL

BPO estimated $1,250,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-7 – STATUS – available 6/29/09

Non Performing Notes

2 Commercial building(16,100+ Sq.Ft). FL

BPO estimated $1,350,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-8 – STATUS – available 6/29/09

Non Performing Notes

13 Condos (1,100+ Sq.Ft). FL

BPO estimated $1,490,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-9 – STATUS – nonexclusive 6/29/09

Non Performing Notes

11 Unit Strip Center (12,000+ Sq.Ft). FL

BPO estimated $1,890,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-10 – STATUS – nonexclusive 6/29/09

Non Performing Notes

1 Warehouse Flex Space(14,000+ Sq.Ft). FL

BPO estimated $968,153.00

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-11 – STATUS – available 6/29/09

Non Performing Notes

1 Warehouse Flex Space(14,000+ Sq.Ft). FL

BPO estimated $968,153.00

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-12 – STATUS – available 6/29/09

Non Performing Notes

1 Medical office building 4,000 Sq.Ft.. FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-13 – STATUS – available 6/29/09

Non Performing Notes

2 Building office complex (3,340+ Sq.Ft). FL

BPO estimated $524,900

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-14 – STATUS – available 6/29/09

Non Performing Notes

5 Condos 2/2 (950 Sq.Ft.) FL

BPO estimated $400,900

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-15 – STATUS – available 6/29/09

Non Performing Notes

20 units in 3 building FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-16 – STATUS – nonexclusive 6/29/09

Non Performing Notes

1 Office condo 2,500+ Sq.Ft. FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-17 – STATUS – available 6/29/09

Non Performing Notes

1 SFR (2300+ Sq.Ft.) FL

BPO estimated $575,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-18 – STATUS – available 6/29/09

Non Performing Notes

1 Office condo 2,500+ Sq.Ft. FL

BPO to be determined

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-19 – STATUS – available 6/29/09

Non Performing Notes

1 Townhome (1200+ Sq.Ft.) FL

BPO estimated $375,000

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-20 – STATUS – available 6/29/09

Non Performing Notes

1 Townhome (2500+ Sq.Ft.) FL

BPO to be determined in escrow

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-21 – STATUS – available 6/29/09

Non Performing Notes

1 SFR (2200+ Sq.Ft.) FL

BPO = 290K

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-22 – STATUS – available 6/29/09

Non Performing Notes

1 SFR (2400+ Sq.Ft.) FL

BPO = 200K

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-23 – STATUS – available 6/29/09

Non Performing Notes

1 Commercial Building (1600+ Sq.Ft.) FL

BPO = 270K

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer and include 3% BPO fees

PACKAGE # 6-24 – STATUS – SOLD 6/29/09

Non Performing Commercial Notes

Pool value at 146 Million

24 notes,

States: NYNY, Bronx, Staten Island, Brooklyn, Ashbury Park, Jersey City, Ft Salonga, NY

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer include 3% BPO fees

PACKAGE # 6-25 – STATUS – available 6/29/09

Non Performing Notes

44 Townhomes with 2 car Garage (1800+ Sq.Ft.) CA

Loan Balance 14.1MM

Status: 95% Complete

Exclusive Bank Sale – Must submit LOI with SPOF contact information

Price: Make an offer .68 cents on the BPO and include 3% BPO fees

PACKAGE # 6-27 – STATUS – Available 6/29/09

REO SFR 16+ state, Heavy in OH,MI, and PA

1096 Single Family homes

BPO = 70mm This is a owner estimate

Price = 12.6 mm

Make an offer include 3.0% BPO fees

PACKAGE # 6-28 – STATUS – Available 6/29/09

REO  state, Heavy in NV Las Vegas, Henderson, Reno, North Las Vegas

14 Single Family homes

BPO = 3.8mm This is a owner estimate

Price = 1.1 mm

Make an offer include 3.0% BPO fees

PACKAGE # 6-29 – STATUS – SOLD 6/25/09

REO state, Heavy in AZ Maricopa,

87 Single Family homes

BPO = 11.1 mm This is a owner estimate

Price = 5.5 mm

Make an offer include 3.0% BPO fees

PACKAGE # 6-31 – STATUS – SOLD 6/29/09

REO state, Heavy in CA Southern California,

172 Single Family homes

BPO = 42.8 mm This is a owner estimate

Price = 26.28 mm

Make an offer include 3.0% BPO fees

PACKAGE # 6-32 – STATUS – PENDING 6/29/09

REO state, Heavy in Orange County, Southern California,

61 Single Family homes

BPO = $23.8 mm This is a owner estimate

Price = $16.41 mm

Make an offer include 3.0% BPO fees

PACKAGE # 6-35 – STATUS – Available 6/29/09

Performing Note Medical Center Pool,

1 notes secured by (1) Medical Center, State AZ

Loan Balance = $19.0 mm

Appraised Property collateral Price = $26.2 mm

Make an offer include 3.0% fees

PACKAGE # 6-37 – STATUS – Available 6/29/09

Performing Note Commercial Pool- Ohio

1 notes secured by (2) apartment complexes (245+ units)

Loan Balance = $9.26 mm

Appraised Property collateral Price = $14.56 mm

Make an offer 82% plus 3.0% fees

PACKAGE # 6-38 – STATUS – PENDING – 6/29/09

Non- Performing Multi-family Notes for Sale

A Buyer will need to offer a bid for each line item (loan). Please be advised that typically performing note which have been seasoned are sold for 55 to 70% of their face value.

1) 21 Units, Location CT

2) 24 Units, Location CT

3) 60 Units, Location CT

4) 84 Units, Location CT

5) Mixed use, Location NJ

6) 72 Units, Location NJ

7) Mixed use 18 Units, Location NJ

8) 7 Units, Location NJ

9) 25 Units, Location NJ

10) 13 Units, Location NJ

11) 5 Units, Location NJ

12) 7 Units, Location NJ

13) 5 Units, Location NY

14) 28 Units, Location NY

15) 16 Units, Location NY

16) 11 Units, Location NY

17) 10 Units, Location NY

18) 6 Units, Location NY

19) Mixed use 2 commercial and 6 Units, Location NY

20) 10 Units, Location NY

21) 7 Units, Location NY

22) 9 units , Location NY

PACKAGE # 6-41 – STATUS – Available 6/29/09

Non-Performing (Foreclosure) in progress, US Territory

Hotel (Flagged) (425+) Rooms with conference center

Non performing Debt Facility Via Bank

Financing is available with 11 million down good terms available

08 Storm damaged to be repaired 5 million required

BPO = $61.7 million

Price= $26.5 million

Make an offer 43% of BPO includes all fees

PACKAGE # 6-42 – STATUS – Available 6/29/09

REO HOTEL 155+ rooms (Flagged) State: FL Near Disneyworld

Remodeled in 2008

BPO = 7.5 mm

Price = 5.9mm Fees included in sales price

PACKAGE # 6-43 – STATUS – Available 6/29/09

Non-Performing Note SFR Pool,

12 notes, State CA, FL, GA, WI

Loan Balance = $2.4 mm

Sales Price = $1.16 mm

Make an offer fees included in sales price

PACKAGE # 6-44 – STATUS – Available 6/29/09

Performing Note SFR Pool,

120 notes secured by (120 SFR), State TX

Loan Balance = $2.7 mm

Appraised Property collateral Price = $1.86 mm

Make an offer include 3.0% fees

PACKAGE # 6-45 – STATUS – Available 6/29/09

Performing Note Pool,

2 notes secured by Long Beach CA. 4-plex and duplex

Loan Balance = $600K

Sale Price = $480K

Make an offer include 3.0% fees

PACKAGE # 6-46 – STATUS – Available 6/29/09

Performing Note Pool,

1 note secured 1st deed Hotel Kingsland GA

Loan Balance = $3.1mm

Due in 2017

Make an offer include 3.0% fees

PACKAGE # 6-47 – STATUS – Available 6/29/09

REO Land,

101 Parcels, FL, SC, NC

134 Residential Lots

338+ Acres

Appraised = 18.2mm

BPO = $6.1mm

Sales Price = 2.62mm

Make an offer include 3.0% fees

PACKAGE # 6-48 – STATUS – Available 6/29/09

REO state, GA, IL, IN, AZ, AR, FL, MO, MS, NJ,NY,OK,PA

212 SFR

BPO = To be determined in Escrow

Price = $ 4.12mm

Make offer and add 3.0% fees in price

PACKAGE # 6-49 – STATUS – Available 6/29/09

REO state, MI and OH

406 SFR

BPO = $ To be determined in Escrow

Price = $ 2.1mm

Make offer and add 3.0% fees in price

PACKAGE # 6-50 – STATUS – SOLD 6/25/09

REO state, CA

1400 SFR

BPO = $ To be determined in Escrow

Price = $ 220.1mm

Make offer and add 3.0% fees in price

PACKAGE # 6-51 – STATUS – Available 6/29/09

REO state, CA

35 SFR

BPO = $ 4.5

Price = $ 2.8mm

3.0% BPO fees in price

PACKAGE # 6-52 – STATUS – Available 6/25/09

REO state, FL

22 Office buildings, motels, warehouse, retail other

BPO = $ 39.0mm

Price = $ 13.2mm

Make offer add 3.0% BPO fees in price

PACKAGE # 6-54 – STATUS – AMENDED 6/26/09

REO state, Nation Wide

700 SFR

BPO = $ TBD

Price = $ 8.2

all commissions included

PACKAGE # 6-55 – STATUS – Available 6/29/09

REO state,

22 Office buildings, motels, warehouse, retail other

BPO = $ 39.0mm

Price = $ 13.2mm

Make offer add 3.0% BPO fees in price

PACKAGE # 6-56 – STATUS – Available 6/29/09

REO  state, New York – Brooklyn

9 Apartment buildings 425+ units

BPO = $ 180.0mm

Price = $ 95.3mm

Make offer add 3.0% fees in price

PACKAGE # 6-57 – STATUS – Available 6/29/09

Non-Performing Notes (SFR)

165 Nation Wide SFR

BPO = $ 13.12 mm

Price = $ 5.65 mm

BPO Commissions fees in price

PACKAGE # 6-58 – STATUS – Available 6/29/09

Non-Performing Notes (SFR)

165 Nation Wide SFR

BPO = $ 13.12 mm

Price = $ 5.65 mm

BPO Commissions fees in price

PACKAGE # 6-60 – STATUS –Available 6/29/09

LAND

Cities:  NV (1), Lake Las Vegas, 30 Acres

BPO estimate: $14.8mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-61 – STATUS –Available 6/29/09

LAND

Cities:  NV (1), 90+ Sub-division lots

BPO estimate: $3.3mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-62 – STATUS –Available 6/29/09

LAND – Retail Pads

Cities:  TX (1), Houston

BPO estimate: $12.9mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-63 – STATUS –Available 6/29/09

LAND – Retail Pads

Cities:  TX (1), Stafford

BPO estimate: $4.1mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-64 – STATUS –Available 6/29/09

LAND – SFR Land for 70 Pads 310 acres

Cities:  CA (1), Corona

BPO estimate: $12.6mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-65 – STATUS –Available 6/29/09

SFR – Kukio

Cities:  HI (1), Kona

BPO estimate: $5.9mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-66 – STATUS –Available 6/29/09

SFR – 5200 Sq. FT. 5b/5.5b/6.5ac

Cities:  CA (1), Saratoga

BPO estimate: $2.4mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-67 – STATUS –Available 6/29/09

SFR – Penthouse Lofts (5) 85% finished 5k sq.ft. each

Cities:  NV (1), Lake Las Vegas

BPO estimate: $6.9 mm

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-68 – STATUS –Available 6/29/09

SFR – Office 30k sq.ft. include retails

Cities:  CA (1), San Jose

BPO estimate: $8.9 mm

Loan: $5.0MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-69 – STATUS –Available 6/29/09

SFR – Office 30k sq.ft. include retail

Cities:  CA (1), San Jose

BPO estimate: $8.9 mm

Loan: $5.0MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-70 – STATUS –Available 6/29/09

SFR – Constr. Condos 15K sq.ft. include 6 units

Cities:  CA (1), Oakland

BPO estimate: $3.7 mm

Loan: $2.7MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-71 – STATUS –Available 6/29/09

Commercial – Multi-tenant retail & Office 2 bldg. 12.5K sq.ft.

Cities:  CA (1), San Jose

BPO estimate: $6.1 mm

Loan: $4.0MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-72 – STATUS –Available 6/29/09

Commercial – Multi-tenant retail 3 bldg. 34.7K sq.ft.

Cities:  CA (1), Sacramento

BPO estimate: $8.8 mm

Loan: $6.48MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-73 – STATUS –Available 6/29/09

Com. Constr 100% – Retail 11 unit bldg. 12.7K sq.ft.

Cities:  CA (1), Sacramento

BPO estimate: $4.2 mm

Loan: $2.18MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-74 – STATUS –Available 6/29/09

SFR Constr 38% – complete 4.4K sq.ft.

Cities:  CA (1), Bel Air

BPO estimate: $2.6 mm

Loan: 1.04MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-75 – STATUS –Available 6/29/09

SFR Constr 31% – complete 3.8K sq.ft.

Cities:  CA (1), Bel Air

BPO estimate: $2.7 mm

Loan: .9MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-76 – STATUS –Available 6/29/09

Com. Constr – Retail 29 unit 3 bldg. 34.2K sq.ft.

Cities:  CA (1), Santa Rosa

BPO estimate: $8.2 mm

Loan: 4.9MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-77 – STATUS –Available 6/29/09

LAND – 57 acres zoned RC for 17 acres development.

Cities:  CA (1), Riverside

BPO estimate: $13.6 mm

Loan: 10.9MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-78 – STATUS –Available 6/29/09

Com. Constr – 36 acres Zoned (M-2) 33 Industrial 3 Retail lots

Cities:  NV (1), North Las Vegas

BPO estimate: $25.4 mm

Loan: 15.98MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-79 – STATUS –Available 6/29/09

Com. Constr – 1.02 acres Zoned (A(PD)) 15 units (TH)

Cities:  CA (1), San Jose

BPO estimate: $3.3 mm

Loan: 2.73MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-80 – STATUS –Available 6/29/09

Com. Constr – Retail 2.76 acres 2 bldg. 30.0K sq.ft.

Cities:  CA (1), Tracy

BPO estimate: $15.5 mm

Loan: 7.34MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-81 – STATUS –Available 6/29/09

Com. Constr (14%) – 2.2 acres Zoned (RS) + 8 SFR included

Cities:  CA (1), Hayward

BPO estimate: $3.57 mm

Loan: 3.0MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-82 – STATUS –Available 6/29/09

Com. Constr – 2 bldg. 63.0K sq.ft. + 20K sq.ft. retail

Cities:  CA (1), Morgan Hill

BPO estimate: $ 1.3 mm

Loan: .7 MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-83 – STATUS –Available 6/29/09

SFR Constr – 10 Units 3b/2.5b 1,800+ sq.ft.

Cities:  CA (1), Los Angeles

BPO estimate: $ 6.2 mm

Loan: 4.43 MM

Price:  Make an offer and include 3% BPO fees

PACKAGE # 6-84 – STATUS –Available 6/29/09

SFR. Constr – 2 bldg. 350 units 730.0K sq.ft. condos retail

Cities:  FL (1), Miami

BPO estimate: $ TBD mm

Loan: TBD MM

Price: Exclusive Bank Sale – Must submit LOI with SPOF 250 mm contact information

Price:  Make an offer include 3% BPO fees

I spoke with Alex, Chairman of LP Source E in detail Tuesday morning, June 30th at 7:30AM. Alex mentioned that the VP of Business Development, Brenda, sister died and that she  had departed this morning for Texas. They expect to fund one or two of four projects next week: the projects range in size from $10 million to $454 million.

They are setting up the trust distribution and will be inviting each approved project to meet them next week.

I know that some are reluctant to pay fees but I am not about to work eight to 15 months incurring hundreds of thousands of dollars in expenses and have people bail without a minimum of expenses covered. With the global financial meltdown it’s taking considerably longer to fund projects. There are a multitude of hoops to pass through. Our fee is 1% of the amount applied for $25,000 maximum PER PROJECT, $100,000 maximum per client. This affords six months of coaching, mentoring, hamd-holding and access 50 hours a week to me personally.

Some opt to travel to Concord CA and invest a half day at $5,000: some a whole 10-hour day for $10,000. Use my 32+ years experience in financial services to your advantage. We have seven Large Project Funding sources. We have five Business Lines of Credit funding sources. We have hundreds of banks, hedge funds, private investors, asset based lenders, factors, hard money lenders, merchant cash advance companies and other alternative funding sources.

You’ll never know until you send an executive summary of one to four pages, and buy a minimum of one hours time at $1,000 an hour. You can make a direct deposit to our corporate Bank of America account or do what Sal did last week: he sent a $1,000 cashiers check from New York City.

This is an upcoming post that I prepared this morning as a future post on the www.joetufo.com subscription blog This educational resource should be used by you to learn how to fund projects.

Collateral for Credit Facilities $5 million minimum

by Joe Tufo[edit]

I’ve known Dane for a few years. he is one of five proof of funds providers that we do business with. This is an email that he sent me yesterday.

Do you have a transaction for which you require collateral?

Product Overview

We’ve just unveiled a new product to the marketplace which does not put the client’s initial funds at risk.  No funds are released from escrow until after an acceptable instrument has been received by the client’s lending institution from an acceptable issuing bank.

These instruments may be used as the primary and/or only source of collateral for a credit facility.  Do you have a transaction for which you are trying to obtain funding through your lender and need a source of collateral that’s safe and reliable?

The issuance fees are not put at risk, they are simply put into any mutually acceptable third party escrow account where they will stay until acceptable collateral is delivered as agreed; We may even be able to allow an acceptable bank pay order for the payment of fees contingent upon delivery of acceptable collateral.

Our bank communicates with your bank prior to deployment and execution of agreements.  We are not leasing or joint venturing to provide assets, we are issuing our clients’ lender an irrevocable guarantee of principal and interest paid at maturity.

The bank instruments can be used for any legitimate, legal financial transaction where a client has the ability to get a loan with his lender with acceptable collateral.  Read below for additional details.

Requirements

1. Client must have their bank financing arranged conditionally upon the presentation of acceptable collateral from an acceptable bank.

2. Client must provide a conditional commitment letter from their bank addressed to the client (sample format attached)

3. Client must have 1.75% of the required instrument.

Steps

1. Client applies to POF

a. Client provides POF letter of intent

b. Client provides POF a completed application and supporting documents

2. POF issues documents to the client

a. Term sheet

b. Letter of Intent

c. Engagement fee request letter

d. Sample conditional commitment letter

3. Client sends $10,000.00 non-refundable engagement fee to POF.

4. Client sends POF the conditional commitment letter provided by the bank.

5. Client moves their 1.75% of the required instrument size to an acceptable escrow attorney. Escrowed monies are not released from escrow until after the instrument is delivered.

6. POF’s bank contacts the clients bank at the coordinates provided in the conditional commitment letter.

a. Banks discuss and come to terms on acceptable instrument text.

b. Banks discuss and come to terms on acceptable instrument transmission (delivery).

7. POF orders its bank to initiate and finalize the transaction between the banks.

8. POF’s bank delivers the instrument of principal and interest to the clients bank.

9. Client’s receiving bank receives the previously agreed upon bank debt instrument upon acknowledging its acceptance confirms this with its client and escrow attorney.

10. Client’s 1.75% is released from escrow to POF.

11. 15 Days from the date of the banks acceptance and acknowledgment of the bank debt instrument, the client releases 6.75% to POF.

12. Client’s bank funds the loan

13. Client bank deposits the proceeds of the loan into the bank who issued the bank debt instrument or to mutually consented coordinates from which monetary draws will be made by the client in conformity with his transactional requirements.

14. On the 91st day the client begins making principal and interest payments at LIBOR (+ floating rate*) to POF or to its order until the loan has been paid as agreed.

15. Client’s bank perfects payment on the bank instrument at its maturity date (12 months from its date of issue).

Footnote:

*Floating Rate would be determined in review of the transaction after we’ve received the bank letter and our bank has communicated with the clients bank.

Issuing Banks

1. HSBC in London

2. HSBC in New York

3. JP Morgan Chase in New York

4. Wells Fargo Bank in California

Pricing is a moderate total of 8.5% for the use of the instrument and on month three the client begins making principal and interest payments at Libor + a floating rate (*Floating Rate would be determined in review of the transaction after we’ve received the bank letter and our bank has communicated with the clients bank.)  There are several benefits to the structure we are not offering.

1. Once the clients bank provides the client the conditional commitment letter our bank opens up a line of communication to agree upon instrument type, text and delivery protocols.

2. Transactions can be as small as $5 million United States Dollars.

3. You can spend your time with clients that have real closeable transactions, clients do not lose money and we do not lose time spent on clients with no transactions.

4. Other than the engagement fees which covers expenses of the attorney documentation, initial due diligence, etc., No moneys are released from escrow until the clients bank receives the acceptable collateral from a bank acceptable to them.

5. There is bank to bank communication by phone, fax and/or Swift prior to entering into a final contract with POFLLC to make sure POF and the client are not wasting any time or energy.

6. The client makes no payments to his lender whatsoever.

7. The instrument can be the primary and/or only collateral used to support the clients credit facility.

8. The client can get a loan from many different types of creditors to include but not limited to the following.

a. Banks

1. Private Banks

2. Commercial Banks

3. Retail Banks

4. Investment Banks

5. Central Banks

b. Credit Unions

c. Saving & Loan Banks

d. Angel Investors

e. Equity Investors

f. Brokerage Firms

g. Hedge Funds

h. Investment Funds

i. Pension Funds

j. Venture Capital Firms

k. Private equity firms

Submit an application today along with documentary evidence of your ability to pay the 1.75% upon receipt of an acceptable instrument.

Regards,

Dane

Sample Commitment Letter

[CLIENT’S BANK LETTERHEAD]


[Client’s name]
[Client’s firm]
[address, telephone, fax, email]

Date: dddddddd

Dear [Client name]:

Having reviewed and evaluated [the property or transaction], subject to receiving a Guarantee supplied by a first class Bank acceptable to us for the purpose of the repayment of principal and interest, we shall extend to [Client’s firm] a one year loan in the sum of $ [000,000,000] for its ventures.

It is understood that we shall receive and that we shall accept a confirmation only from a first class Bank, for the irrevocable transfer of the Guarantee, guaranteeing the repayment at maturity of the loan principal plus the agreed upon interest rate of ___%, with a Certified Copy of the actual Guarantee, and that the original will be lodged and assigned on the Custodial Safekeeping Receipt, from a deposit account with the agreed top bank, to us.

The face value of the Guarantee must represent principal plus interest of the loan advanced and must be payable, at maturity, in one year and one day from its date of issue.

Funds will be disbursed by our bank to the bank supplying the Guarantee (or to mutually consented coordinates) upon our authentication and identification of the guarantee offered to us.

Unless a Bank-to-Bank communication is received by us from the Bank that will supply the guarantee, this commitment will terminate on [MM/DD/YY] at the end of the business day in New York, USA.

For verification of this communication and confirmation of our willingness to proceed with this loan offer, please request that the Bank that will supply the Guarantee make contact with:

Bank officer :

Phone No. :

Fax No.  :

SWIFT ID :

Sincerely,

[TITLE OF BANK OFFICER]       [TITLE OF BANK OFFICER]

[SEAL]

Joe Tufo June 26, 2009 at 9:33 am [edit]

If you need collateral to secure funding for a large project this is the tool for you to use.

The largest POF that we have funded to date was $500 million in December 2008. We have
several sources.

eZs3

This is a Referral Partner Welcome Letter that we send out. It has hyperlinks for several of our sites:

Referral Partner Welcome

Hi,

My name is Joe Tufo. I’m president of Cash Flow Specialists, Inc. of Concord CA. We are located 30 miles due east of downtown San Francisco.

I started this company July 1, 1999 after selling my insurance agency that I owned for 22 years. We were initially incorporated as a C-Corp in NV. I re-incorporated in CA February 2009 as a Subchapter S Corp.

I am not perfect. Here is proof of a personal screw-up in my own life:

http://joetufo.com/blog/medco-explanation

I do the very best that I can to serve you and the clients that you refer. I work 7AM to 5PM Pacific M-F. The toll-free number to our office is 1-800-669-2700. The direct dial number to my desk is 925-691-8200. When I am not in the office calls forward to my cell phone.

You can email me at either help@joetufo.com or joe@joetufo.com I receive hundreds of emails a day and do my best to answer each. if you do not receive a written reply kindly call me and I’ll find the email and respond. Thank you.

I return all morning calls and emails from 11AM to 12 noon and all afternoon calls and emails from 4PM to 5PM.

If you would like to purchase consulting time for you and/or your client visit www.joetufo.com/consulting If you need coaching visit www.joetufo.com/coaching or www.successbehaviors.com

We have a popular website at www.joetufo.com/blog If you want to learn about most of our products and services you should subscribe to the blog. New content is added several times a month. It’s a great place to refer prospective clients to inculcate them to our way of doing business. We are adding video to explain each post and page.

I encourage you to enroll at www.joetufo.com/subscribe to learn about our products and services. Listen to the video on the site.

To view videos on our products and services visit www.joetufo.com/youtube

We are adding a second site for referral partners only. This will also be a subscription site. Soon you will be able to earn commissions through Click Bank for selling our books, templates, and courses. It can be a tool to supplement your income.

www.joetufo.com/roadmap will give an overview of our products and services. There are hyperlinks to other sites complete with video. We tweak the map by adding products and services so you’ll want to check back often. It’s a good starting point to refer clients.

www.joetufo.com/powerfunding is a great tool for borrowers to become pre-qualified. Glenn & Mary just got $100,000 approved on a credit line and $150,000 on a grant using that program.

We have many other websites some of which are featured on the www.joetufo.com/blog

I’ve attached the referral partner paperwork. Kindly complete and email back.

For REO’s go to the www.joetufo.com/blog site I list all inventory. Get a LOI on the principle’s letterhead and an absolute proof of funds not more than three business days old.

For green projects read everything on the blog site especially references to large projects check www.projectfundingoptions.com and the www.joetufo.com/roadmap site andwww.greenprojectsfunding.com

For credit lines other than BLOC E visit www.joetufo.com/blog We have a new site that we are populating at www.workingcapitalfast.com We have access to merchant cash advance, asset based lenders, hard money, factoring and more alternative sources that fund in 30 days or less.

Dale and I wrote a book on FOREX visit www.thebasicsofforex.com

95% of our business comes from referral and the balance comes from my public speaking engagements.

As always I am here to serve you and those whom you choose to refer to us.

May God bless you exceedingly, abundantly above whatever you may think or ask.

Yesterday I received a cashier’s check from the owner of a limousine company in NYC who needs $1 million to expand his business. Visit www.joetufo.com/consulting to purchase blocks of consulting time.

I’m hired periodically to help companies launch or expand. Yesterday, a former BLOC funding source contacted me to help them expand other business operations across the USA. I’ve referred a friend who will run Northern CA operations as VP of Marketing.

If you have a project that requires my expertise in running financial services companies we can discuss my availability to serve. I’m usually retained for 10 to 20 hours a month. Rates are posted atwww.joetufo.com/consulting

One of the six major project funding sources, LP Source E,  recently began funding four or our clients more than $876 million. For your edification we charge a modest 1% fully earned, non-refundable business consultation fee to offset our business expenses. We are not in the Fee Business and we are not in the Work for Free Business.

I have found that the clients who pay the fee are committed and the ones that won’t feel that if one is good 10 is better. They frequently “shotgun” their submission and pit one funding source against another wasting precious time. Historically 3% of transactions using this approach fund and close. I am not going to waste my time 97%.

We credit the expense fee against commissions earned. What do you think I’m interested in?  The average funding is $219 million. We normally earn 1.5% gross before paying referral commissions. Our normal commission is 1.5% which translates to $3.29 million per transaction. These large projects take eight to 15 months to fund with LP Source E in my experience.

You have three options when you work with me:

1. Subscribe to www.joetufo.com/blog I publish how we get projects funded. The cost is presently $4.95 for the first two weeks, and $97 a month thereafter

2. Sign up for consulting time at www.joetufo.com/consulting The cost is currently $1,000 an hour.

3. Belly up to the bar and pay the 1% which provides six months of consultation and mentoring services for each project that you submit.

We have four active sources for business lines of credit. More often than not credit scores play an important role in funding success. My best advice is for you to target a minimum 730 FICO score. It will make a huge difference in your approval rate, funding cost, terms, conditions, and the amount funded.

If you don’t have a minimum 730 score with all three credit bureaus you should  go to www.themackfinancialgroup.com/tufo and invest the money to clean up your personal and business credit.  Your personal goal should be to have an 800 FICO score.


You should also consider investing the current $1,750 for the www.joetufo.com/powerfunding process. A Florida CPA received $100,000 in credit lines and $150,000 in grant money last month. What about you?


We have direct access to one of only 10 nationwide brokers with direct access and appointment by the FDIC to liquidate commercial and residential REO’s. We have 99 packages available. If you have an interested client we will need a LOI on their letterhead and absolute proof of funds not more than three days old.


Our niece, Tanya Palermo, is marrying her college sweetheart, Oscar Maria July 5th in Coronado CA. Bonnie and our two youngest children Katie, age 11, and Mike, age 9, flew in from Milwaukee Tuesday evening June 23rd. They will return to WI August 25th.


Bonnie and I were married for more than 34 years. I have asked her to re-marry me.  She divorced me November 2, 2007. She has been the great love of my life for more than 40 years.


If you live in Southern CA and want to meet with me kindly call me at 925-352-6000 which is my cell phone. You will need to come to me. Thank you.


We have several sources for Accounts Receivable Lines of Credit. I received a call this morning from a banker here in the SF Bay Area whom I’ve known for a few years. His rates are the lowest that I have seen. I’ve written several articles that will be posted at www.joetufo.com/blog that will be appearing in the next two weeks.


INDUSTRIES WE SERVE

  • Manufacturers
  • Staffing
  • Transportation




  • Technology
  • Service Providers
  • Distributors

  • Wholesalers



If we can be of service to you in any way kindly call M-F 7AM to 5PM Pacific.


Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

America’s Recovery Capital (ARC) Loan Program Up To $35,000

As of June 15, the SBA began accepting applications for the America’s Recovery Capital (ARC) loan program, which provides up to $35,000 for small businesses that are experiencing an immediate financial hardship due to the tough economic times. This loan program is designed to help keep these businesses afloat until they get back on track.

ARC loans are interest-free to the borrower and payment for these loans is deferred for 12 months, after which the borrower will have 5 years to pay back the loan principal. The funds provided by these loans are meant to be used to make payments of principal and interest on existing, qualifying small business debt, including mortgages, term and revolving lines of credit, capital leases, credit card obligations and notes payable to vendors, suppliers and utilities. Additional details on this program can be found at http://www.sba.gov/recovery/arcloanprogram/index.html

The SBA will provide a 100-percent guaranty for these loans and they have no SBA fees associated with them. To see if you qualify and to apply, contact your local SBA lender or call us.

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

Update: Credit Lines From $100,000 Up To $20,000,000 For Eligible Businesses

Update that came in at 6:30AM this morning June 30, 2009 from Bob:

Joe,

I forgot to attach an application like you requested yesterday. I can gather the materials needed for me to put together a term sheet or you can do that. Whatever level of involvement you want to have in a transaction is up to you. In order to put together a term sheet, I only need the following items:

1) A completed application

2) A current detailed AR aging report.

3) Last year’s year end and this year’s interim income statement and balance sheet.

Thank you,

Bob

Read the previous post. This bank’s fees on factoring accounts receivable are a fraction of what normal factors charge. If you want to save money on fees with a creative seasoned banker, Bob’s your man. Bob also knows a lot of people in the finance world and is a tremendous resource to me.

Categories
Business Lines Of Credit Factoring In The News Money Available Preparation Referral Partners

Credit Lines From $100,000 Up To $20,000,000 For Eligible Businesses

I had lunch with Bob, a Peninsula Banker at Cheesecake Factory in Walnut Creek CA June 29th. Here’s Bob’s follow-up email that came in Monday night:

Joe,

It was great catching up with you today and I look forward to working with you. I have put together a general deal description for you to look over. We will approve credit lines from 100K up to 20MM and for the larger cleaner deals (above 3MM or so)we could price as low as 12-15%. Since I have been here, the deals I have proposed on are in the 18-25% range and the deal size is $500K to $2MM.

We cannot assist clients in construction, agriculture or who bill 3rd party insurance companies, Medicare and/or Medicaid. It is an exception, but we will do inventory components as a complement to the AR line. I am negotiating a deal right now for a furniture distributor that has the goods manufactured in China, has them shipped to the states to a bonded warehouse and they are drop shipped to each customer. Since the goods are in a bonded warehouse we are contemplating giving them some inventory availability. We will advance 80% on the AR and then give them an inventory sub-limit that is capped at 20% of the outstanding AR. We are effectively advancing 100% on the AR.

We have a standard style full notice factoring product and a hybrid product that uses factoring documents, but notice of assignment is not required on the invoices, they can send copies and pricing is as described above which is under market for factoring. We do not at this point have a borrowing base type of ABL product. I also wanted to point out that we do not require our clients to bank with us, so your banker referral sources need not be concerned about that point. In fact, I can include language in each contract that will waive any minimum monthly fees or contract termination fees in the event the client is approved for a bank line with the referring bank.

I would really appreciate any referrals. Call me or send an e-mail anytime if you have any questions or would like to discuss a transaction. I have attached a referral fee agreement that you can review. It contains language written by corporate counsel that you have to collect certain documentation form the prospect if you want to be eligible to collect. fees. I will not hold you to that part of the agreement. If you wish, you can just facilitate the introduction and I can take it from there and I will make sure you are paid your full fee. What the corporate lawyers don’t know won’t hurt them.

Regards,

Bob

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

$150,000 to $3 million in 10 Business Days?

When it comes to merchant loans, an inverse relationship often exists between merchant size and credit risk. The smaller the merchant, the larger the perceived risk; the larger the merchant, the lower the risk.

Dean L. and CC provide working capital and funds a maximum of a company’s average monthly credit card sales amount.

So, it makes sense – at least on paper – to get in the business of loaning money to bigger merchants. There is less risk, and the funding amounts are larger. Therefore, the revenue from the loan will be considerable. However, there is a reason few companies are willing to lend significant sums to merchants: It takes money – and lots of it. Most merchant cash advance companies don’t have such resources, so they focus on smaller merchants. It is more work, but still profitable.

Most likely, if a company has the means to offer a $3 million loan to a credit-worthy large merchant, it will. Dean L. and CC extends credit to larger merchants only and has the resources to assist clients whose monthly credit card volume is at least $200,000. It provides working capital and funds a maximum of a company’s average monthly credit card sales amount, offering amounts from $150,000 to $3 million.

CC is comfortable providing sizeable loans to the large-business segment. In fact, through its affiliate firm EGC  it has been lending to this niche since 1937. CC managers have over a combined 100 years of experience in this business, and their clients represent more than $750 million in annual sales.

One of the advantages referral partners enjoy with CC is the ability to place deals that their existing source can not fund. “Because our target markets are larger merchants, we do not compete with other cash advance companies,” said Dean L, Founder and CEO of CC. “Processors, ISOs and MLSs can maintain their existing cash advance relationships and utilize CC for their larger merchants. We have also found that larger merchants are unwilling to pay the typical cash advance rates; so our product is a viable resource for ISOs.”

Unlike other funding options developed in the payments industry over the last five or six years, such as the purchase of future credit card receivables, CC adheres to true loan processes. It also reviews accounts receivable, inventory, equipment and real estate. Another advantage for referral partners and their clients is merchants and other clients do not need to change processors. Dean L noted that many of CC’s clients borrow their funds in addition to a bank loan, while some use the company instead of going through a bank. “Clients may want to grow and know they shouldn’t or can’t go back to the banker,” he said. “We are a good option for them. We fill in. We subordinate to the bank, and we don’t interfere with that relationship.”

Seasonal businesses, such as restaurants and stores in vacation destinations, are particularly well-suited to borrow funds from CC. Often it can be difficult for these types of businesses to secure additional funding, because they have low cash flow during off season months. In these cases, when a bank loan or additional funding from investors is either not ideal or impossible, CC can be a viable solution that pleases owners, as well as investors and creditors.

CC is also a solution for businesses that have considered mortgage refinancing, but due to the recent tightening of the mortgage market, either can’t or don’t wish to pursue that avenue. Also, mortgage refinancing takes time that many businesses don’t have. CC typically supplies funds within 10 days of receiving all the appropriate paperwork.

In terms of funding options, larger merchants typically are more experienced than their smaller competitors. “Others focus on small merchants and charge high rates,” Dean L. said. “As you get to the larger merchants they say, ‘We are bigger, more sophisticated. We know enough not to pay those kinds of rates.’ This is a new sales product, to a new group.”

CC rates are as low as 1% per month, so a six-month loan could be as low as 6%, 12 months as low as 12% and so forth. Terms are from six to 24 months. Repayment is typically 3% to 10% of credit card sales. Merchants can either pay a percentage of credit card sales or a fixed daily payment.

There are many ways to measure customer service. You can study surveys, ask people for recommendations or look at an existing client roster. In the case of CC, 100% of its credit cash advance customers have renewed their loans. “After three generations of being in the lending business, we understand customer service,” Dean L. said.

CC makes it easy for clients to renew loan applications. “Once they’ve paid 50% of the loan, they become eligible to renew,” Dean L. said.

CC provides financing for much larger businesses than other merchant finance companies. They target companies whose credit card revenue exceeds $600,000 per year. Their loans start at $150,000 and go up to $3 million. Many other companies reach their top limit where they begin. I have personally known Dean L since January 8, 2007. He is a class act.

Categories
Business Lines Of Credit In The News Money Available Preparation Referral Partners

Looking for a Private Investor? Jack typically invests $1 million to $10 million in each principal transaction.

Jack L. is a successful investment banker in San Francisco whom I have known for a few years.

Jack offers a private investment partnership which generates current income and capital appreciation

through direct placements of senior or subordinated secured debt and, in some instances, convertible

debt securities in hyper-growth private and public companies.

Jack seeks companies experiencing successful growth, yet are typically underserved by

traditional lower middle market investment firms. He approaches each investment opportunity with a

customized, risk-adjusted model tailored to meet the capital objectives of the company.

His transaction structures yield a secured base return with upside potential for significant capital

appreciation. Equity participation includes, but is not limited to, conversion rights and

options/warrants to purchase common or preferred stock.

Jack typically invests $1 million to $10 million in each principal transaction.

SECTORS OF INTEREST

Consumer Products

Specialty Retail

Information Technology/Internet

Business/Financial Services

Alternative Energy

Manufacturing/Equipment

TRANSACTION TYPES

Growth Capital:  Capital support for business plan and expansion initiatives

Recapitalizations: Improvement of capital structure, preservation of cash flow

Acquisition Financing:  Capital support for contingent merger or acquisition event

Bridge Financing:  Short-term working capital to a foreseeable recapitalization event

Liquidity-based:  Provides partial liquidity event for owners, while maintaining a

significant equity stake in the business