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Double Closes, Down Payment Assistance, Proof of Funds

Post author By Joe Tufo
Post date July 3, 2009
No Comments on 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

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 1^{st 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.

Cash Flow Specialists, Inc.

And Joe Tufo

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?

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.

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.

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 91^st 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.

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.

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

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.

Business Lines Of Credit Improve Credit In The News Money Available Preparation

Credit Scoring In Volatile Times

Post author By Joe Tufo
Post date June 21, 2009
No Comments on Credit Scoring In Volatile Times

As the economy shifts, the risk levels indicated by credit scores shift as well. Many questions have been raised regarding the effectiveness of credit scores and their ability to accurately separate higher credit quality from poorer credit quality consumers in light of the significant economic downturn. Underlying risk profiles associated with consumers at a specific score level must be adjusted to reflect the new economic conditions.

Lenders relying on credit scores need to regularly assess whether or not the model they are using is adequately capturing the changing environment and further determine if any resulting recalibration is needed to again align risk properly with business strategies.

It is imperative to apply best-practice analyses on credit scores to assess levels of continued performance for both new accounts and existing account management amidst significantly deteriorating conditions. A critical review is undertaken on real estate loans with emphasis on the States most impacted by credit deterioration. Additionally, performance reviews are conducted for credit card and auto loan portfolios.

Underwriting rules continue to change in banking. If you need funding in the next 30 to 60 business days you should have applied four to five months ago. If you need funding in six months, apply now. This is good advice for business loans.

Business Lines Of Credit Improve Credit In The News Money Available Preparation

Possible Solution For Cash Strapped Business Owners With Tainted Credit

Post author By Joe Tufo
Post date June 20, 2009
1 Comment on Possible Solution For Cash Strapped Business Owners With Tainted Credit

This is the response to a Bay Area businessman who is credit challenged. He has operated businesses for 48 years. He wants to retire but he cannot afford to. With tainted credit he has struck out with local banks. English is not his first language.

Since you have read my website posts I urge you to enroll at www.joetufo.com/powerfunding. A client who made the same comments that you did qualified for a $100,000 business line of credit AND a $150,000 grant. You won’t know unless you try.

You should also become a paid subscriber to www.joetufo.com/blog

You need to restore your credit. That can be done through the administrator of the Power Funding program or at www.themackfinancialgroup.com/tufo

For consulting visit www.joetufo.com/consulting

This is a public service announcement on our www.workingcapitalfast.com site:

Working Capital Fast

Money to Solve Cash Flow Needs

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

by JPTUFO on JUNE 21, 2009[EDIT]

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.

Hi Joe:

For some time you have sent to me a lot of your e-mails, I am an entrepreneur that have work successfully on my own several business
for the last 48 years. You talk of financing, investor, partnership between others, but all those words are for people that usually don’t need
the financing or they have more than enough to back up their needs, but for the average guy there is no way to get financial help from any
institution, specially is you slow down in doing business preparing for a retirement, and worst yet, and very common in this present times,
if your credit is not strong, you are in a way financially dead incapacitated to continue to do business in the way you want it. I have couple
projects that are good but dead because of the financing.

The fact that you may have a very impressive business track record, to have for the last 40 years a successful in business, that financially you
are not struggling, that presently you have two good business with a value of proximately one quart of a million each, no liens, that you have
the capacity to create more business, that does not mean anything, you just became a number from one to ten and if you do not score
electronically, your project come to an stand steel. I agreed with you, “Now is the time to get started”. The question is were is the financing. Have you try
any banking institution?, financial groups, the government etc?. they all connected to the same COMPUTER. The answer is “We are sorry, contact the credit bureau”

I was going to retire, but I have decide to continue doing business for few more years, but that WALL is there and I do not believe that what you
offer is there. I my be wrong, I like to be proven otherwise. Who knows, you my be right. Do you have any ideas?. Perhaps you have the financing
and want to go partner with me.

Richard Quintanilla
650 xxx-xxxx

Improve Credit In The News REO

Facing Foreclosure On A Personal Residence? Read This Carefully.

Post author By Joe Tufo
Post date June 19, 2009
No Comments on Facing Foreclosure On A Personal Residence? Read This Carefully.

For 17 years I volunteered my time counseling families, singles, and business owners in financial trouble. That’s why we are affiliated with a top law firm that uses satisfaction laws to resolve debt at 40 cents on the dollar.

If you’re in trouble or know someone who is you’ll want to read this carefully.

Validating the strategies we have been promoting here, the latest is a Miami woman with a $100,000 mortgage. After years of struggle in foreclosure, Legal Aid got her a settlement: No mortgage, no note and a reverse mortgage, which means they gave her money to at least pay off the balance. Why? Because if they don’t have the note, they don’t have a case. Georgia recently enacted a law, like New Jersey, providing for proof of ownership of the note and mortgage prior to instituting foreclosure sale.

(This is the very reason why an experienced attorney can reduce mortgage indebtedness dramatically.)

By GRETCHEN MORGENSON
Published: July 27, 2008

MAMIE RUTH PALMER isn’t a celebrity. People magazine doesn’t chronicle her every move. The paparazzi don’t wait for a photo op outside of the modest Atlanta home where she has lived since 1987. In some mortgage circles, Ms. Palmer, a 74-year-old former housekeeper, has earned her moment of fame. After enduring six years in foreclosure hell, almost losing her home twice, Ms. Palmer has escaped intact.

Last month she received a settlement from the Bank of New York, the trustee for a vast pool of mortgages that included hers. Under the terms of the deal, the bank reduced Ms. Palmer’s loan balance to $59,000 from about $100,000 and has agreed to accept the proceeds of a reverse mortgage in full satisfaction of her obligation.

The settlement also eliminated about $12,000 in foreclosure fees added to her debt and called for the installation of central air-conditioning in Ms. Palmer’s home.

Roughly $10,000 in legal fees billed over five years by Ms. Palmer’s lawyer, Howard D. Rothbloom, will be covered by payments she has made toward her mortgage while she was battling foreclosure.

“I feel good,” Ms. Palmer said last week. “It’s been a long time coming.” To celebrate, she said, she is going to Florida to fish with her nephew.

Ms. Palmer’s case is hardly unique. It’s just one of a swelling number that revolve around the thorny issue of who owns the note on a home when it’s forced into foreclosure proceedings.

In the seemingly long-ago era when banks held on to the mortgage loans they made, this was a straightforward matter. But today, amid the freewheeling packaging of mortgage loans into securities that are sold off to investors, it’s much less clear who controls the note — all of which promises to cause banks enormous legal and financial headaches as foreclosures mount.

The added twist is that some judges are taking the borrowers’ side in foreclosure disputes, precisely because of murkiness surrounding notes.

In 2002, Ms. Palmer filed for bankruptcy protection to protect her home from a quick sale on the courthouse steps. She continued to make mortgage payments, to the bankruptcy court.

Mr. Rothbloom took her case in 2003, suing the Bank of New York for levying fees on Ms. Palmer that had not been authorized by the bankruptcy court. The note securing the property was assigned to Bank of New York in September 2002, two months after it had begun foreclosure proceedings against Ms. Palmer. As a result, Mr. Rothbloom maintained, the bank had no standing to foreclose.

The two sides battled for five years, until last month.

“The Ms. Palmers of the world can’t afford to resolve these types of disputes,” Mr. Rothbloom said. “So they usually wind up losing their homes.”

Bank of New York declined to comment on the settlement.

The problems associated with banks that begin foreclosure proceedings when they do not have proper legal standing are now looming larger in the mortgage meltdown. Loans were heaped into trusts with little documentation of ownership or proper loan assignments — it was all about volume and the fees that came with it — and now that sloppiness is hurting both lenders and borrowers.

Mr. Rothbloom said he had another case in which the lender’s representative has been unable to prove ownership for two and a half years.

Meanwhile, consumer lawyers fear that borrowers are being pushed out of their homes by companies that have no right to do so. Such a prospect is particularly worrisome for residents in states that allow lenders to foreclose without court supervision, known as nonjudicial foreclosure states.

Georgia is one; its borrowers can lose their homes on the courthouse steps less than a month after foreclosure notices have been posted.

To try to protect its borrowers, Georgia just instituted a law requiring that lenders moving to foreclose on a borrower must file proof in county records that they own the underlying property before the home goes to foreclosure sale.

“We believe that many of these companies can’t find the assignments,” said William J. Brennan Jr., director of the Home Defense Program of the Atlanta Legal Aid Society. “If they can never prove ownership, then they can never foreclose.”

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

A Special Business Line of Credit Application. You Must Have a 700+ FICO Score to Qualify. $50,000 to $150,000

Post author By Joe Tufo
Post date June 18, 2009
1 Comment on A Special Business Line of Credit Application. You Must Have a 700+ FICO Score to Qualify. $50,000 to $150,000

Thanks to my good friend Adeel we have access to an exemplary funding program. The Program Manager and Team have successfully funded hundreds of businesses since 2004. They have business relationships with lenders nationwide.

Their expertise is in small balance loans $50,000 to $150,000. The credit amounts and interest rates are determined by the strength of the personal credit of the applicant. The stronger the credit, the better the rates and the higher the line amounts. It’s as simple as that.

The processing office which is run by an attorney in LA will discuss directly with the client what they feel you will be approved for upon pre-approval. In these small loans most clients receive business credit cards. As the market strengthens credit lines will be offered based upon the type of business that you own and your credit and business qualifications.

They have access to MANY sources of business credit. These sources are national, regional, and local banks and private investors. Each lender has a slightly different appetite for certain deal types. They match you with the best source of funding.

Many applicants approach obtaining business credit improperly by shot gunning their application to multiple lenders producing multiple inquiries that drive the credit score down. Most lenders block new applications for two to six months. When you are serious you need to come to us and work exclusively with us. Banks are very cautious with respect to the number of inquiries on a file.

It doesn’t matter if your business has a credit score. Here’s what they evaluate:

1. Your Corp or LLC is two years old.

2. It is in good standing, current, and valid with the Secretary of State (SOS).

3. It has no past history of reinstatement from a previous owner (case by case)

5. It has a positive business credit history (if business credit is already in place).

6. It is registered properly within the state of incorporation and foreign qualified if necessary.

7. It has a necessary business address, phone etc. (case by case).

8. The officers/Owners/CFO are registered properly with the SOS online database.

If you have a Duns number kindly submit a copy of the Credit profile. This helps with underwriting.

Remember that in order to qualify you need to have a viable business. How can you qualify for business credit if there is no business and no income to pay the debt obligation?

In order to qualify you must have a 700+ FICO score AND an existing two year old corporation or LLC. This program has NO UPFRONT FEE. We ask our clients to do five things:

1. Go to www.myfico.com and run your credit.

This funding source has built their underwriting tools around this service.

2. Sign our fee agreement

3. Sign our mutual NCND.

4. Complete the attached application

5. For extra funding sources visit www.joetufo.com/powerfunding This will enable you to obtain funding through the featured source and obtain ADDITIONAL funding through a former Dun & Bradstreet manager.

If you cooperate they’ve been known to fund in 30 business days or less. The back end fee is 12%. If you are interested in this program send me an email to joe@joetufo.com or help@joetufo.com or call me at 925-691-8200 M-F 7AM to 5PM Pacific.

My time is at a premium. You may purchase consulting time at www.joetufo.com/consulting

As always we are here to serve you and those whom you choose to refer.

—

Business Lines Of Credit Improve Credit In The News Money Available Preparation

Plan Your Business Financing To Avoid A Death Sentence For Your Business

Post author By Joe Tufo
Post date June 17, 2009
1 Comment on Plan Your Business Financing To Avoid A Death Sentence For Your Business

Most businesses start out thinking the first thing that they need is a great business plan. The popular myth is that potential lenders will place great stock in your business plan as a major consideration for approving the financing you need.

While a well written business plan will assist you when you are seeking financing, it is far down on the lender’s list behind things such as your business management team’s experience, your past business successes and your “lending character “.

Having a plan for accessing the business capital you need to execute your business plan is what is required to bring your business success. Not having a viable business financing plan is the direct cause of why 95% of all new businesses fail.

Your lending character means that the lender sees you as having the ability to repay the loan. They also ask how far they believe you can take the business to maximize the potential earnings and therefore their chances of getting repaid.

The first thing a lender is going to look at is how did you structure the business and were you responsible and knowledgeable in that. Are you Incorporated or an LLC? If not you are declined for a business loan and everything becomes based solely on you as an individual. Did you obtain your EIN, State, business licenses and bank filings correctly? If not, you are declined because lender’s require attention to detail.

A simple business credit report check by a lender will quickly show whether or not you are even in the ballpark for getting approved for financing. If the lender finds that you haven’t bothered to insure that your business has active reports with all three major business credit reporting agencies, then of course you are immediately declined.

Next, the lender will look at the character of your business credit reports. What do they say about your business? What kind of payment histories have you had with debts that are easy to get such as vendor trade lines, small business credit cards, equipment leases, etc? If your business has no credit history or very minimal history then no lender will even consider your business for a larger loan when you have no track record of paying smaller debts.

If you pass these simple tests, now a lender will get to the heart of you business loan application and it is only at this point that you even get the opportunity to present your funding request. Unfortunately as high as 90% of all business loan applications never get to this point, because most business owners never take the time to complete the initial steps.

So you have made it this far, The next question you need to ask is what is a lender going to want to see? Debt service! Here is where the lender finally looks at your business plan (or at least the financial pat of it) to determine if your business can debt service the loan. To make this determination a lender will test the reality of your numbers. Basically this means do your numbers add up and do they make sense.

If you don’t know anything about accounting you had better get help. When a lender looks at your projected financial statement and finds simple accounting errors, then in most cases you will again be declined. They don’t want to lend money to someone who cannot produce a simple proof and loss statement; or someone that can’t balance a balance sheet. There is a lot of help out there, get some.

Next, a lender will look at the market niche section of your business plan. While most business owners think that this is the place that sets them apart from the competition, it actually is the part where lenders will compare you to your competition. Here is where lenders must see that you have done you market research. Can the revenue claims that you are making in your financial projections be backed up by the actual market demographics for your specific business industry, location, customer base, etc.? It essentially comes down to the need for your product or service.

All of this can seem overwhelming and in truth it can be. It is the reason that 97% of all business loan applications get declined. The overriding reason is that business owners are not taught this in school and typically only gain this knowledge through years of brutal experience that normally includes having one or two failed businesses under their belts.

This will give you plenty of information to get you started on putting together a business funding request. In my next article I will cover some of the other aspects of your business plan.

Reference:

www.joetufo.com/roadmap

www.joetufo.com/blog

www.joetufo.com/powerfunding

Business Lines Of Credit Improve Credit In The News Money Available Preparation

The Rules Are Changing On Small Business Debt Recording To The Credit Bureaus

Post author By Joe Tufo
Post date June 16, 2009
No Comments on The Rules Are Changing On Small Business Debt Recording To The Credit Bureaus

Small business debt hasn’t traditionally been reported to consumer credit bureaus, but the rules of the game are changing

The third sentence in the letter a client received earlier this month about his $50,000 loan from Capital One (COF) surprised him: “We’ll begin reporting your loan status to business and consumer credit bureaus from August 1, 2009.” In more than 20 years as an entrepreneur, our client states that business loans had never affected his personal credit score.

Small business borrowing is generally not reported on owners’ consumer credit reports unless they fail to pay on time. With banks facing rising defaults, at least one lender is moving to add small business loans to borrowers’ consumer credit files, which means that small business owners could soon find that their business debts affecting their personal credit. Any debt that owners personally guarantee—including many business loans and credit cards—could be reported.

Our client took out the Small Business Administration-guaranteed loan through Capital One in 2006 to buy restaurant equipment for his restaurant in San Francisco CA. He personally guaranteed the loan—as the SBA requires—and owes about $25,000 remaining. Although he has never missed a payment and his credit score, is 760, he worries that his credit will suffer when the business debt suddenly appears on his consumer credit file. He’s also disturbed by the precedent: “I signed on [for] a business loan with my LLC. Now three years later you want to make it a personal note?” he says.

Are Deliquencies to Blame?

Small business borrowers at Capital One’s local branches already have their business loans reported to consumer credit bureaus, and the bank will soon report online and direct mail business customers as well.

Capital One began reporting small business loans to one business credit bureau, the Small Business Financial Exchange, in 2007 and is extending the policy to other business and consumer bureaus. “This is standard industry practice,” our client was told. “Full and accurate reporting is best for the consumer, the business, and the system as a whole.”

Capital One declined to detail the reasons behind the change or how many borrowers would be affected. One clue may lie in the bank’s growing number of delinquencies—a problem not unique to Capital One, as financial stress causes rising defaults across the economy. In its most recent quarterly report, Capital One noted “a more rapid degradation in our installment loan businesses” that caused higher charge-offs in the business unit that holds these types of loans.

That division’s net income dropped to just $2.4 million in the first quarter, down from $491 million in the first quarter of 2008. The unit also includes Capital One’s U.S. credit card business and other consumer loans, so it’s unclear how small business loans alone are performing, but the segment’s net charge-off rate for the first quarter was 8.39%, up from 5.85% a year earlier, according to the filing.

Capital One recorded its first annual loss in 2008, with a net loss of $46 million, compared to net income of $1.57 billion for 2007.

Would reminding business borrowers that their personal credit is on the line help Capital One reduce defaults? Any non-payment on a personally guaranteed business debt would show up on the owner’s consumer credit report anyway, regardless of whether the lender reports the account as a matter of course

Credit Score Concerns

Credit experts say lenders don’t usually report business loans to consumer credit bureaus unless the borrower falls behind. “It used to be nonexistent,” says John S. a former Dun & Bradstreet Manager who is writing a book on the subject, “In recent years some banks have begun reporting [business credit]. It’s still a fairly rare occurrence for them to report to the bureaus.”

Because of the complexity behind credit scoring, it’s hard to predict how the shift will affect any one borrower’s credit score. Our client figures that his FICO score could drop 20 to 60 points when the loan’s $25,000 balance gets reported, because the credit rating weighs total debt and the amount of available credit being used.

John S. says business owners generally won’t see their credit hurt if they’re current on payments. Borrowers with strong repayment histories could even see scores improve, says John S. Our client doesn’t plan to find out. “I’m going to scramble and pay this off,” he says.