Category: Referral Partners

Referral Partners send us business from time to time when they stumble upon a need from one of their clients, they are professionals in a number of areas including but not limited to, Attorneys, CPA’s, Bankers

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

BLOC E New Pre-Funded $100,000 Corporations: 20 Per Month

This came in Saturday June 19th. It was addressed to a client of ours:

Tom,

The cost is 15K per PREFUNDED LOC

There is a $1,000 deposit paid to NBF with application [page 10, 11 and 12 with copy of DL and SS card] to hold a space.

The remaining balance of $14,000 is paid into an attorney escrow account.

The attorney is located in PA.

The $1,000 deposit will be credited against the total client cost of $15,000.

If the client backs out for any reason out they will forfeit their $1,000 deposit.

If the client is unable to close within 5 business days of the LOC availability [the middle of each month] they will forfeit their deposit.

The client will have possession of the escrow agreement to review by their attorney well in advance of the respective month’s closing date.

The client and or client’s attorney can suggest changes and if the changes are agreed to by the escrow attorney they will be incorporated into the escrow agreement.

This is not a real estate closing with various fees, settlement charges or disbursements to third parties.

After confirming receipt of the checkbooks by the client [likely a FedEx signature] the escrow attorney will release funds to me.

There will be no closing statement.

There is a limited number available and only 1 remains for Augst.

Multiple lines per client are available.

$100,000+ Unsecured Business Lines of Credit

Application Only; Stated Income/Asset!

NO Tax Returns OR Business Financials!

NO Credit Scores OR Personal Guarantee!

Multiple 100K lines available; close in escrow!

As always Cash Flow Specialists Inc. has a fully earned, non-refundable business consultation fee of 1% minimum $2,500 that is paid up front.

Read How We Do Business at www.joetufo.com/blog

Categories
In The News Large Projects Money Available Preparation Real Estate Projects Referral Partners

Funds & Funding for Transactions

Services

Funds & Funding for Transactions

Performance is Guaranteed by an Escrow undertaking supported by Insurance Guaranty to refund your Fee deposit if we would ever fail to perform as agreed!

Who buys funding Services?

Clients who require cash funds to settle their Transaction.

What are the Services?

A Commitment to ‘Funding’ your Transaction supported by a bank proof of ‘Funds’ for $1±Million -to- $100+Million.

What are typical Transactions?

Any transaction with a guaranteed exit —

Buy-Sell assets — invest in Private Placement Programs — buy or support Enhancements — make Escrow deposits — fund Debt/Bridge obligations — structured Project financing.

How do we do Business?

Services are escrow exchanged for Service Fee.

Service Fee is refunded if we fail to exchange the Funds as agreed.

Service Fee refund is supported by escrow undertaking and/or Performance Bond.

What are the Benefits?
Quick, private, and direct with principal.

  • Our Funds — Your Transaction.
  • Services may be customized to meet your needs.
  • Quick cash to fund your transaction = quick benefit to you.
  • Leverage your capital 20-to-100 times = higher profit for you.
  • No credit check — No collateral — No encumbrance — No delay — No profit share.
  • Protects your bank relationship, your source, your privacy, and your benefits.
  • Performance or Refund Is Guaranteed
Categories
Approvals Business Lines Of Credit In The News Large Projects Money Available Preparation Real Estate Projects Referral Partners REO

The Perfect Storm: Unprecedented Opportunity, Hundreds of Millions Funding Now, REO Availability, POF, BLOC $50k to $150k, CFSI – 10 Year Anniversary

Greetings from the sunny, warm San Francisco Bay Area where temperatures are in the high 80’s.


I’m pleased to report that four of our large projects are funding at this time: they range from $10 million to $454 million.

If you have a large project that you need funded you’ll want to visit www.joetufo.com/blog and subscribe. You’ll want to read “How We Do Business” on that site. You may also want to visit www.joetufo.com/roadmap

While it might look like a tough time for the national and global economy I believe that we are encountering the perfect storm for entrepreneurship.

I recently read a poll which I wholeheartedly agree with. Americans were asked, “Who will lead us to a better future?“ 63% believe it will be small businesses and entrepreneurs compared to only 21% for large corporations.

I’m certainly not surprised by the outcome of this poll as I’ve been working with entrepreneurial small business owners for 10 years with Cash Flow Specialists, Inc., and 22 years previously when I owned an insurance agency and brokerage.

Small business provides more than 60% of new net jobs in America. We – small business owners, entrepreneurs, and their advisors – are the backbone of the American Economy, and we have a duty, to our Companies, our Clients, and the Greater Economy , to strive for success and do all we can to make sure that the American Dreams are reachable goals for whomever strives towards them.

I believe that 20 to 30 years from now historians will record and call this the greatest window of entrepreneurial opportunity of our lifetime. It is over the next 12 to 18 months that the successful companies of tomorrow will be created or make their move.

Did you know that 16 of the current Dow Jones Industrial Average stocks were born during either a recession or depression? It’s true; Procter & Gamble, Disney, McDonald’s, General Electric, Johnson & Johnson and others – once entrepreneurial startups, now giants in industry.

Now is the right time for you to build your business.

Every so often our system of capitalism shifts. The present financial crisis and economic downturn have shaken the status quo. In prosperous times it’s difficult for a small business to compete with big business. But now the playing field has been leveled:  everything is up for grabs. You can become one of the future kings of commerce.

The economic downturn has created  a whole bunch of problems that savvy entrepreneurs can step up and solve. Solving problems are the lifeblood of entrepreneurism. Those who create solutions to these new problems will become the great beneficiaries of the next decade.

Everything is on sale. It has never been cheaper to build, equip, and market your business than it is today. Vendors are flexible, opportunities are unlimited, and there is a pool of extremely talented people looking for a promising future. Your companies big ideas may be fueled by this unprecedented opportunity.

Challenges and obstacles force us to think outside the box and come up with creative solutions, services, and products. 40 years ago Joe Gandolfo wrote a book, “Ideas are a dime a dozen.” The challenge is to follow thru and implement a great idea.

Now is the time to get started.


This is a welcome letter that I send out to all new referral partners:

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. 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.

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 and www.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.


To access our public videos visit www.joetufo.com/youtube

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.

We Just Added a New Credit Line Provider!

We added a provider in the DFW area whose partner is an attorney in LA last month. They can furnish credit lines from a few thousand dollars to$100,000 or more.

In order to qualify for more funding sources I urge you to enroll in our Power Funding program at www.joetufo.com/powerfunding

We specialize in unsecured lines of credit for small businesses. We have a program for all of your business needs, whether you are an established business or just getting started. Our extensive nationwide lender network provides unsecured fundingto businesses at various stages of growth.

There are many advantages to using our consulting services. We help you tosuccessfully navigate today’s lending environment in securing the capital that you need. We have done the research for you, and with many years of experience in the financial industry, we will work to get you the most money at the best rates available in today’s market.

We only work with banks that offer no documentation, stated business financing. What that means for you is that we will not request business plans, tax returns or collateral for these programs with this vendor.

We offer a true no collateral loan or line of credit. Your good credit is your collateral. You must have a minimum 700 FICO score to qualify for this vendor’s program. And we offer a simple application process. You only need to complete a one page application. Once we receive your completed application and submit it to our lenders,we are able to obtain an approval generally within 48 hours.

We are so confident in our ability to help our clients that we do not charge upfront fees on this particular program.  We are particularly unique to the industry as we can also supply qualified clients with an Aged / Shelf Corp with no upfront costs!  Therefore we can deliver a perfect funding solution for new or expanding business owners.

The back end cost for the unsecured lines is 12% of which 2% is paid to Cash Flow Specialists, Inc. the back end cost for the tw0 year old  NV shelf corporations is $8,900. Cash Flow specialists, Inc. charges $2,500 which is in addition to the $8,900.

Financing Approved $50,000 – $150,000+

NO Upfront Fees
NO Documents Needed 
NO Application Fees
NO Financials
NO Collateral Required
NO Equity Needed

Fast, Easy Funding!
 (1) Fill Out Form

(2) Get Approved

(3) Receive Your Funds

We have six large projects funders of which four are open now. We have four business line of credit lenders including the one featured above. We have a REO source that is one of 10 with access to the FDIC. We have five Proof of Funds providers. We have access to 383 hard money lenders, asset based lenders, merchant cash advance companies, bridge loan lenders, factors, private investors, hedge funds, banks, and other alternative funding sources.

REO:

Joe:
We have an opportunity to put a investor into Wells Fargo to access REO multi-family inventories. Our primary investor got in last week and Wells has offered us a second buyer slot.
Do you have a investor or JV group that can buy 50 to 100 million in Multifamily?
Thanks,
Paul
This came in Friday June 19th

Hello Joe:
One of the brokers we work with in Chicago is looking for a JV partner to take down a buy with a workout plan and share the income stream. He has many years of experience in the region and is looking for a Joint Venture partner.
He has cash but is not strong enough to do the REO take down and the work out with the safety margin he believes is prudent.
We are working with him on tapes in the 4 to 5 million range (broker has 1 million cash) and his plan is buy and rent using existing management at just below market averages or via HUD contract. This type of workout should produce 30 to 50% annual return on initial purchase price.
Do you have a potential join venture partner for this type of deal?
Best Regards,
Paul
If you want REO’s visit www.joetufo.com/blog and subscribe. You’ll see REO postings and the criteria for placing an order – LOI on the principal’s letterhead and an absolute proof of funds not older than three banking days.

July 1, 2009 will be our 10th anniversary of being in business.

As always I am here M-F 7AM to 5PM to serve you and those whom you choose to refer.


May grace and peace be multiplied to you (2 Peter 1:2a)


Categories
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

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.

—

Categories
Large Projects Preparation Real Estate Projects Referral Partners

How Do You Really Feel About Paying Our Business Consultation Fee?

This was my reply to a prospect who is under pressure to fund $99.7m for his project within 30 calendar days. He objects to paying our expense fee.

Lou,

I am not a miracle worker. I do the very best that I can. I have 32 years of financial services experience and have funded hundreds of projects for billions of dollars directly or indirectly from years of running companies. The minimum point of entry with us is to subscribe to our blog: next is to purchase one of our products or services.

Pam “jumped the gun” by scheduling a conference call before acquainting you with the way that we do business. I cannot possibly serve everyone who contacts us. 95% of our business is from referral and the balance is from speaking publicly.

You are under pressure to close within 30 days. According to Pam two lenders gave written commitments and reneged. The materials that Pam provided for your project require a lot of improvement before a lender “will pull the trigger” and fund. It will take me a minimum of 25 hours of pure, uninterrupted time to prepare your package for funding.

The $25,000 is fully earned and non-refundable but if you read the CFSI funding agreement you’ll find that it is credited against the success fee at closing. If you check the blog you’ll find that four clients are being funded this week and in June 2009 for $622 million. They’re not whining or complaining.

Historically the success rate that brokers have in closing commercial loans is 3% so the 40% to 60% that you’ve credited me with is 13 to 20 times what others accomplish which bodes well for you, doesn’t it?

You also receive six months of service which means that you have almost unlimited access to me 50 to 54 hours a week by phone, personal visit here in Concord CA, or by email.

When you are serious and you want to hire a seasoned pro you may consider us. I tell the truth. I provide way more informational content that any competitor. Business is referred by 230 referral partners whom are attorneys, CPA’s, financial planners, insurance agents and brokers, bankers, members of the American Cash Flow Association, note brokers, commercial realtors, people in the business valuation business and more.

I sincerly hope that you succeed in funding your project.

May God bless you exceedingly, abundantly in your endeavors.

On Tue, Jun 16, 2009 at 7:08 AM, Louis Bexxxx 145@earthlink.net> wrote:

Joe,

I always find it funny when a person tries to sell other products to me while saying send me $25,000 for a 40% to 60% chance to get us financed.

Louis H Bexxxx

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

Do you need $150,000 to $3 million? Do you have $2 million in credit card receivables a year?

Size

CC provides financing for much larger businesses than other merchant finance companies. They target companies whose credit card revenue exceeds $2,000,000 per year. Loans start at $150,000 and go up to $3 million. Many other companies reach their top limit where they begin.

Rates

CC has the lowest rates of any merchant finance company. Clients use CC as an addition to, or perhaps instead of, bank financing. Knowing this, their rates have to be competitive. lower.

Keep Your Own Processor

Most merchant finance companies require you to switch to their processor with the expectation of getting the same or better rates and quality of service. CC does not require any such change. They respect the relationship that you may have developed and want to be part of it, not replace it.

Alternatively, if you would like to change processors, they have relationships with several of the most recognized processors in the industry, who will either meet or beat your current rates and level of service. The choice is yours.

Transparent Pricing

CC will explain the rates in detail. Other finance companies may avoid this discussion. They will try to educate you so you can make better informed decisions. Once you see what other merchant finance companies charge, you will thank them whether or not you become a client.

Customized Client Programs

They know that each client is different. You are in different industries, have different financial backgrounds and have different goals. They look at each client individually and tailor a program to meet your needs. Upon understanding your business, they then develop a transaction involving both an agreed upon rate and payback period. They know that it would be impossible to fit you into a preset program.

Easy Renewals

Once your loan is paid down by 75%, you may qualify for a renewal at your option. Unlike other programs, you only pay for the additional funding, not for the cost of an entirely new funding. For  clients that continually renew, this can prove to be a huge savings.

Lowest Payback Rates

Their programs extend out to two years. This is longer than any other competitor and allows for the lowest payback rates in the industry. Your payback period will be determined as part of the overall customized initiatives.

No Delays or False Promises

CC is structured without bureaucratic layers. Top management is always available to discuss and understand individual needs. Decisions are made quickly.

Asset Based Lending Approach

CC views your credit card receipts as only part of your financing solution. Because of their broad lending background and affiliation with EGC, they are able to review your entire financing needs and perhaps provide additional working capital.

EGC is one of the leading asset based lenders specializing in small to mid size companies. EGC provides loans against accounts receivable, inventory, equipment and real estate. They look at the entire package to see how they might be able to meet more than your credit card needs.

Experience

Most of their managers have been lending for well over 15 years. Combined, they have over 100 years of experience. They have provided working capital to thousands of businesses in dozens of industries. They have been in this business longer than their competitors and have a more lasting commitment to both the industry and clients.

Recent Transactions

Industry

Funding Amount
Airplane Parts Distributor $500,000
Website Host $1,000,000
Restaurant Chain $2,000,000
Truck Stops $1,500,000
Retailer $1,400,000
Oil Distributor $1,200,000
Restaurant Chain $1,200,000
Restaurant Chain $925,000
Retailer $650,000
Truck Stops $500,000
Golf Clubs $500,000
Retailer (DIP) $350,000
Caterer $325,000
Fast Food Chain $300,000
Retailer $200,000
Restaurant Chain $200,000
Fast Food Chain $150,000
Fast Food Chain $150,000
Resort $150,000
Retailer $150,000
Moving Franchise $150,000

Closing Comments

Dean has been involved in every aspect of asset based lending (business development, operations, account and portfolio management, workouts, field exams, accounting and treasury). Using this knowledge, he started CC and has taken merchant financing to a new level of sophistication.

Prior to starting his lending career, Dean was an associate at Bear Stearns and an analyst at Merrill Lynch. Dean holds an MBA from Northwestern’s Kellogg Graduate School of Business and an undergraduate degree from Duke University.

Categories
In The News Money Available Preparation Real Estate Projects Referral Partners

Small Balance Commercial Loans $100,000 to $5 million

This came in from Jim H. a Commercial Banker whom I have worked with for several years on small transactions. This arrived June 10, 2009

We are CLOSING Deals


OWNER–OCCUPIED/OPERATED PURCH. or NEW CONST. to 90% LTV

Property Type

Loan Amount

LTV-SBA

Floating

3-Year Fixed

5-Year Fixed

Term

Office Bldg./Condo.

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Office-Warehouse

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Light Manufacturing

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Multi-Store Retail Ctr.

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Newer Flagged Hotel

$100,000 to $5,000,000

85% Max.

6.00%

N/A

8.90%

25 Years

Heavy Manufacturing

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Charter School

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Day Care Center

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Auto. Service Garage

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Assisted Living Home

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Retail Store

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Day Spa/Salon

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Funeral Home

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Restaurant

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years


NON-OWNER–OCCUPIED PURCH./CONST. & ALL REFI’s up to 60% LTV

Property Type

Loan Amount

Max. LTV

Floating

3-Year Fixed

5-Year Fixed

Term

Office Bldg./Condo.

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Office-Warehouse

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Light Manufacturing

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Multi-Store Retail Ctr.

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Newer Flagged  Hotel

$100,000 to $4,000,000

55% to 60%

6.25%

N/A

9.15%

25 Years

Heavy Manufacturing

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Charter School

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Day Care Center

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Auto. Service Garage

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Assisted Living Home

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Retail Store

$100,000 to $2,500,000

..

MINIMUM Credit Requirements (ALL Loans/Properties):

–  Guarantor(s) MUST show proof of 9 – 12 Months Reserves and Credit Card Balances UNDER $65,000.

–  N.O.O. Borrowers Must have Outside Income to cover Personal Living Expenses AND 25% of Mortgage.

–  Property held less than 5 Years will be Valued at Purchase Price plus Paid Capital Improvements.

–  Owner Occupied Business –OR– SINGLE Tenant MUST be Profitable on 2007 & 2008 Tax Returns.

–  660 Minimum (720 for ANY Construction) Experian FICO on Owner Occupied or N.O.O. Properties.

–  Mortgage Payments, Property Taxes and Payroll Taxes must be Current PRIOR to Underwriting.

–  NO Cash-Out Available EXCEPT for Property Improvements and/or Loan Costs ONLY.

–  MINIMUM Population Base of 40,000 (City/Town/County).

–  NO Bankruptcies or Foreclosures for 10 Years.

Properties we just Can NOT Finance-

ANY RESIDENTIAL Development/Subdivision/Project/Condos/Fractionals/etc.

– NEW Business Start-Ups as Primary Tenant (Except Major Franchises)

– Any VEHICLE DEALERS (Cars/Trucks/Motorcycles/RV’s/Boats/etc.)

– Warehouse/Industrial Over 60,000 sq.ft  – OR –  Over 60 Years Old.

– Car Washes, Convenience Stores (w/ Gas) and Gas Stations

– ANY Hotels/Motels/Bed & Breakfast Built BEFORE 1989.

– CHURCHES and most Church-Owned Facilities

– Multi-Family and APARTMENT Complexes

– Mobile Home Parks and R.V. Parks