Right From The Heart: Joe Will Be In LA And San Diego 5/6 to 5/8, New Publishing Schedule, Out of Ground Assets, Testimonies, Proof of Funds, Hard Money, Get Ready Questions and More 20100505
Greetings from the beautiful San Francisco Bay Area where temperatures are in the high-70’s: the sky is blue and rainfall has exceeded normal for the first time in years, Praise God!
Sunday April 25th we exceeded the bandwidth capacity again. Dale added another gig four days ago. We’re up to 7.5 GB. Viewership is way, way up! Thank you!
Here was the message I saw:
Bandwidth Limit Exceeded
The server is temporarily unable to service your request due to the site owner reaching his/her bandwidth limit. Please try again later.
We’re changing the way that we Market and promote our websites. If you’d like to learn more about what we’re doing visit:http://www.TrafficGeyser.com/cmd.php?af=33538 Dale and I are taking classes (mainly Dale).
This new marketing tool will help you build your business too!
We’ve gone to a publishing schedule for the first time in 10+ years:
Monday: Monster Corporations, Business Lines of Credit $50,000 to $14,800,000
Tuesday: International Hard Money Conference and Access to Hard Money Funding $500,000 to $100,000,000
Thursday: Proof of Funds, SBLC, BG, Bank Instruments and More
Friday: Large Project Funding $20m+, 100% True JV, Trade Programs
Saturday: Down Payment Assistance Programs
Sunday: Credit Restoration, Derogatory Removal, Inquiry Removal, Business Credit Enhancement
Dale and I are looking for “Don’t Wanter” Real Estate. If you know of properties kindly refer them to me firstname.lastname@example.org We pay referral fees.
Today is Mom and Dad’s 60th wedding anniversary. As most know Mom died January 31st.
We have a prospect that needs a $5m POF for one year. He is in the construction business. He needs the POF to show financial substance. The loan is due to close June 15th. He needs to show POF in the next two weeks. He would prefer paying monthly if possible. What is the cost?
30 day $5m 1.5%, renewal 1.25% a month
60 day $5m 2.0%, renewal 1.75% 60 days
I think you met me through Mark Boersma.
Again, not really sure how I got on your email list.
I have a home health care business and had some questions about raising more
capital for my business growth.
Not sure If I really need it at this time, but it seems like I might be able to get some direction from you. Which is why I am emailing you.
Seems like we are on the same page spiritually and I think its great you express that to the world without hesitation as Jesus instructed us to do.
Maybe I can get a few minutes of your time to see if your line of work might be able to assist our business. If not now, maybe in the future.
Kurt Hjelle, PT
I have known Mark for six+ years. We have 5,116 double opt-in subscribers to the newsletter. I personally know a little less than a third.
The articles and websites explain how we do business:
You’ll get good ideas there.
The best of success in your business!
Jeremiah 29:11 NIV
Time Is Money: Credit Restoration Services
by JOE TUFO[EDIT]
The through-put numbers are abyssal; recently Wells Fargo accepted 55 out of 1,000 business applications; Bank of America accepted 89 out of 1,000 business applications. Is it any wonder why so many businesses are shuttering?
The same can be said about personal credit scores. Your goal should be to maintain a minimum 740 FICO across the board – all three bureaus: Equifax, Transunion, and Experian.
We’ve had thousands ask us about reliable, trustworthy Credit Enhancement and Credit Restoration Services over the years.
We have two services that we recommend:
For Business Credit Enhancement we recommend Hector and Peter’s Services:
To date 1,652 have watched: http://bit.ly/7YtNKh our Derogatory Removal Video.
To date 2,034 have read the article: http://bit.ly/7YtNKh
Derogatory Removal Service – Guaranteed Results!
To date 539 have read: http://www.bit.ly/5QqVwG our Business Credit Enhancement Program.
If you are seriously interested in getting your business or project funded you need an 80 PAYDEX score and 77 Experian score or higher. Read out the services by clicking on the hyperlinks.
We’re not for everybody.
We do our best to serve each who is referred to us or contacts us.
We work on either a Priority basis where you pay us a commitment fee which caps our expenses or a Non-Priority basis where we get to you when we can.
To date 5,792 have read http:www.bit.ly/5QqVwG Let Us Help You Get Funded.
To date 1,608 have read: http://bit.ly/8ouk8Y
HOW TO ACCESS THE BLOC CATEGORY
To date 527 have read How We Work: http://bit.ly/8ouk8Y
To date 756 have read: http://www.bit.ly/4MyKB4
Business Line of Credit Application (BLOC)
To date 1,609 have read: http://www.bit.ly/ezAZ0
To date 1,925 have read http://www. bit.ly/1IBF7q
Most of our business is by referral. If you want to learn about how you will be compensated on referrals:
To date 620 have read: http://bit.ly/2bMnBU
TO DATE 830 HAVE READ:HTTP://BIT.LY/2855MV
Referral Program Earnings Disclosure
I am in the process of writing a series on:
Inquiry Removal – Did you know that for a nominal $190 that you can have each inquiry removed from your credit report? A prospective client called this morning and told me that he has 11 inquiries in the past 45 days.
Express Late Removal – I discuss this in detail on the website but briefly, the attorney retainer is $1,000. The removal of each late is $1,000. Each mortgage late removal is $1100. Each collection removal is $1,150. Each charge-off removal is $1,150.
These come with a performance guarantee – if the items are not removed you get your money back.
There’s a Public Record Eraser Service – Foreclosures may be removed on a quote basis – usually $5,000 to $10,000 each. Chapter 7 and Chapter 13 removal $6,000. Tax Lien Removal 10% or $5,000 whichever is greater. Judgement Removal 10% or $5,000 whichever is greater. UCC-1 quote.
There is a Credit Identity Profile – This is the Alter-Ego that many celebrities, professional athletes, and entertainers use. Three Lines of $5,000 to $45,000 is $5,000. Five Lines of $5,000 to $45,000+ is $7,000.
Authorized User Trade Lines:
Level 1 – $5k to $10k – $900
Level 2 – $10k to $15k – $900
Level 3 – $15k to $20k – $1,000
Level 4 – $25k to $45k – $1,100
Level 5 – Over $45k – Quote
Primary Lines – Quote
Debt Negotiation – Quote
Loan Modification – Quote
ID/Theft/FTC Repair – Have you had your identity stolen? Need to get your credit restored? $2,500.
Accelerated Credit Repair – Need Credit Repair but can’t afford the Express Program? Can you afford to wait 60 business days? $1,499.
Need to acquire a seasoned California corporation:
2.5 to 3 year – $5,900
4 year – $7,900
5 year plus – Quote
Experian Business Lines (Chris) – $1,000 each
D&B Trade Lines (Chris) – $1,600 each
How to Proceed:
Visit http://www.creditchecktotal.com and open an account. The monthly investment is $20 to $25. This will count as a soft inquiry and will not effect your credit score. Provide us with your user name, password, and social security number. We will obtain a customized quote for you.
Prices are subject to change until finalized. We have two different service providers. Additional discounts for larger files may be available. Updates are verified on http://www.creditchecktotal.com
I have received U.S. Banker since 1984 in print and in the last several years over the Internet. You may be interested in this publication:
|show details 6:12 AM (16 minutes ago)|
Friday, April 30, 2010
The news you need from the major dailies
By Allison Bisbey Colter, with contributions from Kate Davidson and Sara Lepro.
Receiving Wide Coverage …
Devil in the Details: The Senate began debating a financial overhaul bill Thursday. The Post said, “the real fight over the details of the legislation will begin to unfold next week, as lawmakers” begin voting on additional amendments.” The Times said several of the proposed amendments by Democrats were designed to “demonstrate that the legislation would not provide any future taxpayer bailouts of failing financial companies — answering a Republican criticism that the Democrats had dismissed as false.” The Journalsaid that, if adopted, these amendments “would change the banking industry far more than the current version of the bill that aims to overhaul financial-sector regulations.” Wall Street Journal, New York Times,Washington Post
I have four situations you might want to be aware of:
1) An ongoing opportunity – see the attached document that describes in great detail a USD$100M Leased SBLC program that can turn, historically, USD$4M into USD$55M in 4-7 weeks using more traditional business means (it is NOT a private placement platform).
2) An ongoing opportunity but with a real short term positive twist, as follows:
Ø Owner of a BG, SBLC, or MTN instrument that is currently on DTC or Euroclear
Ø Face Value of Instrument is to be ideally USD$1B (but can be less).
Ø The instrument may be leased if the verbiage is suitable for monetization.
Ø Will receive 80% of the face value of the instrument by May 4th or 5th, 2010 if client moves quickly. Funds are sent within 1-2 banking days after the instrument DTC is received.
Ø Instrument is assigned for 90 banking days and will be returned at the end of this period back to the client, free and clear.
The monetization provider had another client with a USD$1B face value instrument. All arrangements had been made to monetize the instrument, including the monetization group setting up the line of credit from which to pay the instrument owner. However, at the last minute, the instrument owner was unable to deliver the instrument. Hence, the monetization group has a LOC that is just idling at present.
Hence, the opportunity is for another client to fill the defaulting client’s shoes and walk into a USD$800M non-recourse, no interest, no repayment 90 banking day loan. As the instrument is returned to the client at the end of this 90-day period, the client can reinitiate another transaction using the same instrument.
If you have a client that owns a USD$1B instrument that may be interested, please contact Dwain Wiley as soon a possible as this is a very short term opportunity but one that is very profitable for the client.
Joe, this second program far exceeds what Tod offered you today. The client gets 80% of face value of instrument in 24-48 hours after the instrument is delivered via DTC AND the client gets their instrument back after 90 banking days AND the client does NOT have to repay the interest free, non-recourse loan.
3) I have a wonderful small opportunity for typically between USD$20K and USD$100K where the client can historically get 50x their investment in 3-5 business days by enabling a much larger client to trigger their line of credit when a large BG is issued. The 1% fee up front that the issuing bank charges for the MT799 to the large client’s bank triggers the large client’s line of credit for their projects. For example, a USD$100K fee can trigger a large client’s LOC backed by a USD$1B bank guarantee or SBLC providing hundreds of millions of dollars available for a larger client’s project. That is why they are willing to pay the small client 50x their investment, and the way it is structured, the small client’s funds are secured against non-performance by HSBC.
4) I also work directly (with my partner) with a Swiss trader who works with copper isotopes and historically provides about USD1.8B per 1,000 Kg of copper isotopes.
Please call me if you have any interest in any of the above or if you know of a client who may need any of these services.
P.S. Remember, you and I met at the American Cash Flow Conference in San Francisco a couple of years ago … shared the same 3-4 day course, had dinner together, etc.
CONFIDENTIALITY NOTICE: This e-mail contains information that is privileged and confidential and is intended only for the individual(s) or entity named. It is also subject to legal restrictions and penalties regarding its unauthorized disclosure or use. You are prohibited from copying, distributing or otherwise using this information if you are not the intended recipient. If you are not the named addressee you should not copy, disseminate or distribute this e-mail. You should notify the sender immediately and delete it from your system.
DISCLAIMER: The sender is not a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a Private Investor and Introductory Service Provider for borrowers and/or clients to the various contacts that suit their business needs at their request. The sender does not provide any funding, bank instruments, bank guarantees or other financial instruments or commitments of any kind. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This communication (including any attachments) is covered by Electronics Communications Privacy Act 18 U.S.C. 2510-25212701-2710,3121-3126 and is confidential & legally privileged. Information contained in this E-Mail message is intended for a specific individual(s) & purpose & therefore is protected from disclosure under the Gramm-Leach-Bliley Act. Upon receipt and acceptance of these documents, you as the Recipient(s) acknowledge this warning and disclaimer.
More from Tod:
IT WAS A REAL PLEASURE SPEAKING TO YOU. I WILL RESPOND TO THIS EMAIL WITH TWO EMAILS SO TO ELIMINATE ANY CONFUSION.
SBERBANK BG, RUSSIA. WE DO A NUMBER OF DEALS OUT OF RUSSIAN AND IT ALWAYS DEPENDS ON THE LEVEL OF SOPHISTICATION AND CREDIT WORTHINESS OF THE INSTITUTION AS TO WETHER WE CAN GET A DEAL DONE.
1-THEY NEED TO BE ABLE TO DELIVER THE INSTRUMENT VIA MT760 OR DTCC/EUROCLEAR “FREE DELIVERY”. OUR REQUIREMENTS ARE WE HAVE TO RECEIVE A CREDITWORTHY INSTRUMENT TO OUR LENDING BANK.
2-CREDITWORTHINESS OF THE BANK. BASED ON MY PAST EXPERIENCE, ONLY, HAVE NOT DONE DUE-DILIGENCE ON THE CREDITWORTHINESS OF THIS BANK. I WOULD ESTIMATE US DOING A LOAN BETWEEN 80-85% LTV, ONE YEAR TERM, 2 PT TO THE LENDER, 2 PTS TO THE ACTIVE INTERMEDIARIES, NET 81-76%. THIS COULD BE LOWER OR HIGHER AFTER RECEIVING THE KYC, COPY OF INSTRUMENT AND RWA.
We make NO INTEREST loans against BG, SBLC, CD, Bank Drafts and Sovereign Bonds.
How does it work. Provide a KYC, RWA and copy of instruments (attached). On “AA” rated instruments we make loans at 90% of face, 2 pts to lender and 2 pts to intermediaries. No daisy chains. On a 1-year term, at the end of the the term you pay back the 90% and get your instruments back. Lessor rated, “B” and “C” discounted more.
1-Provide a KYC, RWA and copy of instrument.
2-We verify in 24-48 hours, conference call with lender and client, then issue out Loan Agreements.
3-Upon receiving the executed Loan Agreement back we fund in a matter of days.
All intermediaries supply a CIS, Passport and wire instructions and are protected by a Master Fee Agreement.
FOR YOUR EASE PLEASE SEE ATTACHE KYC, TO BE COMPLETED BY THE OWNER OF THE INSTRUMENT AND RWA. I HAVE PROVIDED TWO SAMPLE TEXT FOR RWA’S. PLEASE ONLY USE THE RWA THAT COENSIDES WITH THE WAY THE CLIENT WISHES TO DELIVER, EITHER MT760 OR DTCC/EUROCLEAR. ONE OF THE OTHER, NOT BOTH.
HOPE I HAVE BEEN CLEAR WITH THIS EMAIL.
Waiting your favorable reply and successful completion of a transaction.
I had several long talks with Jay, our Preferred Proof of Funds Provider this month. Friday, April 30th Jay stated that the largest POF they have personally closed was $10billion. They can go higher. There is no upper end limit. As long as it is not something illegal they will furnish the POF.
Marty asked the fee for a $10b POF: Jay replied 1.5% looking for the client to proof up for the $150m. If the client proofed for $75m Jay would use the completed application and POF to negotiate a lower fee.
My friend, Jerome, is an expert on funding start-ups. He is an Angel Investor that funds $50,000 to $350,000. He takes 10% to 15% equity. Learn how to get your foot in the door.
Add Discount Code: Cashflow CA – jp04221010
They are not here to look at projects. He’s here to give an education.
Introduction To Venture Capital
Friday, June 25, 2010 from 9:00 AM – 4:00 PM (ET)
White Plains, NY
Introduction To Venture Capital Process
Seminar & Networking Event
Featured Presenter: Jerome, Venture Capitalist
Location: White Plains, NY
Date & Time: Friday, Jun 25th, 2010 from 9:00 AM – 4:00 PM
Seminar & Networking Event Objective: Provide entrepreneurs and others searching for investors with an understanding of the typical VC deal screening process and the elements VCs look for when considering business deals for investment.
Key Topics Covered:
- Differentiating between angel investment and Venture Capital
- The stages of business development from initial concept to expansion along with rounds of financing
- The origins of a good VC deal: Trusted sources, a message to brokers and a word on “shopped” deals
- The final word on the importance of a quality executive summary and business plan
- Identifying key elements and show stoppers when screening deals
- An alternative funding option for those with assets and cash flow – What’s hot with SBA
- Utilizing an IT partner that recognizes the constraints of start-up resources
- How to get your foot in the door and build relationship with Angels and VCs
Who Should Attend:
- Financial consultants
- Individuals looking for networking opportunities
- Vendors and service providers seeking partnerships
- Individuals considering a new career, educators, and recent grads who are seeking a broader understanding of the VC process
Enter this discount code: Cashflow CA – jp04221010
I really appreciate your open expression of your faith and sharing the way with all who see it.
David Van Meter
You can see all comments on this post here:
We had a referral partner bring a $1.72 billion precious gem collection for monetization Friday April 16th. Here’s what I sent them:
OUT OF GROUND ASSETS
Get as much as possible as to all that applies.
Can monetize up to 90%LTV
The $ can then be placed into our Trade Platforms.
Send at the same time, do not piece mail.
*REQUIRED INFORMATION FOR OUT-OF-GROUND ASSETS
Precious Metals-Gold/Silver/Ore, etc. Precious Stones, Gems, Rubies Emeralds, Diamonds, Sapphire, Rare Coins MuseumQuality Antiques & Art works.
(PLEASE PUT THE LAST NAME OF OWNER OR FUNDING ENTITY AND ASSET IN THE E MAIL SUBJECT HEADING
SKR’S- IF AVAILABLE
FULL COPY OF THE POLICY IF ASSET HAS INSURANCE WRAP
APPRAISAL FROM A CERTIFIED/REGISTERED GEMOLOGIST NOT LESS THAN 90 DAYS OLD IF POSSIBLE.
PICTURES OF THE STONES/GOLD/ASSETS ETC.
FINANCIAL STATEMENT/NET WORTH FORM-PERSONAL & BUSINESS
WHERE THEY ARE HELD
HOW THEY ARE HELD
PROOF OF OWNERSHIP
USE OF FUNDS
Trisha wrote asking about T-strips Saturday, April 24th:
i have a real buyer,, for t strips.. it is a bank.. and hedgefund.. I had the strips for them .. [ but the seller is sick, and I don’t want to lose this client…question
do you have someone that is selling t strips that is on the seller side… ? these people will buy.. and they also have with them x badge caring treasury officers.. and they are ready to go officer to officer
I replied with this:
Direct To Programs and Providers
Also available for further monetization & Instruments for Purchase;
Seasoned/Slightly Seasoned T-Strips BG’S & MTN’S
If your goal is mainly to earn a Safe and High Yield
Slightly Seasoned T-Strips, BG’s, & MTN’S Managed OR -Buy-Sell Trading Programs
Here’s what I received and sent Sunday April 26th before leaving for church:
I’m off to church. I work M-F 7AM to 5PM Pacific. I received this moments ago:
A- I am direct with several major Principal’s/Commitment Holder/Trader
For (Wholesale) – FC/SS-SEND LOI with POF-
B- My Trust has 2 Foundations;
For Retail- (S) -Need the buyer’s procedures with LOI
Then we can match up buyer with seller.
We can issue elements of the asset principal to principal once we know who we are dealing with.
C- Commitment Holder/Trader-SELLER
Screen Block & Pay (ATP)-NO SWIFT- Settlement at ECB
If you have any questions, please contact me at any time of day or night.
As a Cadillac owner for many years this was Good News from GM:
We are proud to announce we have repaid our government loan – in full, with interest, five years ahead of the original schedule. We realize we still have more to do. Our goal is to exceed every expectation you’ve set for us. We’re designing, building and selling the best cars and trucks in the world. Like the award-winning Chevy Malibu, the all-new Buick LaCrosse, the versatile Cadillac CTS Sport Wagon and the innovative GMC Terrain, just to name a few. We invite you to learn more about the new GM and join our community, by visiting gm.com.
Susan E. Docherty
Vice President, U.S. Marketing
Here’s a testimony from a referral partner that was received Friday April 16th:
My Name is Kurt Henry and I’m a financial and Commodities Broker, I’ve Known Joe Tufo since the Fall of 2007, he came highly recommended to me from a couple of my business partners at the time.
Joe has been a Consultant, Mentor, and a good friend ever since, I’ve recommend Cash Flow Specialists, Inc. to over 200 people within the last 3 years and I always pass on Joe’s Monthly Newsletters to several business associates of mind.
I think very highly of Joe Tufo and Cash Flow Specialists, Inc, I’ve seen several companies similar to Tufo’s company around the country but none of them has the integrity and success rate as Cash Flow Specialists, Inc.
Gxxxxx Enterprise Inc.
Here’s an email Mark Molenaar sent to Jim Thursday April 22nd:
I strongly encourage you to read the email below and contact Joe Tufo about funding your green growth technology project!
I have followed Joe for several years and he is one of the guys I first thought of to put you in contact with. I’ve reviewed several projects with him and really appreciate his approach to funding and taking care of business. He’s a straight shooter and won’t waste your time. The only reason I didn’t refer you to him already last summer was that we were focused on finding a “proof of funds” lender and the lenders on his hot list at the time were similar to what you already had, but wasn’t proof of funds…. But guess what, I just got this email from Joe last week and it is specifically targeted to your needs. Please email or call him directly and let me know how it goes.
I believe this project will be right up your alley. Jim is CEO of a company called “Green Growth Technology”, they are men of integrity, they have excellent due diligence, and they have a compelling project with potential to generate over $250,000,000 within the first year operation.
But as is far too familiar, they haven’t been able to secure the funding necessary to put the plan into action. They had an investor in 2008 that was forced to back out in early 2009 due to economy (sound familiar?). Now they have a letter of intent for $17,000,000 but need proof of funds and its been hard to come by, and maybe we were just talking with the wrong investors (aka: not you). Your explanation below is exactly what we were trying to find and create last fall. This would be good.
My friend’s company has first rights to a land acquisition for a green technology park and mining operations – significant land resources for anthrocite, and butanol with a captive high BTU fuel supply at an extremely low $/mmBTU price. In addition to the full scale butanol projects, this site offers significant opportunities to divest the various non-core assets to provide both a return of invested capital as well as funds to further the mining development other power and fuel developments such as a coal to liquids facility, a synthetic natural gas facility, a natural gas combined cycle project, wind power project, and solar power project. In addition, if GGT is able to finish the first stage of this project, they have also secured the rights to purchase a significantly larger property to expand operational capacity. That could potentially include raising $100-300M funds which you and your affiliates may very well be able to provide.
Anyhow, I’m excited because I think this is really finally doable. Please anticipate a call in a few days.
Best Regards, I appreciate hearing how you’re still able to help people find funding in this economy.
Proof of Funds
We are committed to guiding you through today’s complicated credit environment by targeting your specific needs to insure future success for your business and yourself!
Types of processes our products assist with:
Net worth enhancements
Show of Downpayment
Reserved or Blocked funds
Oil and Commodity
Fund you Large Commercial projects
Proof of Collateral / Liquidity
Qualify for financing
Proof of Funds & Letters of Credit
Welcome to our boutique of financial instruments:
We offer proof of funds with financial backing of over $500billion in assets. Our funds are fully verifiable via bank swift (MT760, MT799, MT999 & MT103/23), bank call, VOD or soft escrow etc. Written Confirmations from 1 to 366 days up to $5B. Clients have utilized these funds for a variety of reasons. These programs aren’t to be used for any Arms, Drugs or any other transaction that are illegal. We do not qualify the use of these accounts.
Our programs exist of but are not limited to:
PROOF OF FUNDS – Investment Brokerage Account: Great to enhance and leverage your transactions with large funds at low costs.
PROOF OF FUNDS LETTER – Investment Brokerage Account: Works very well for Real Estate show of assets.
PROOF OF FUNDS – Top Bank: Enables clients to enter into new arenas of high yield opportunities.
LETTERS OF CREDIT – Investment Brokerage Account: SBLC- BG- DLC Etc. Great for Import/Export and other large transactions.
LETTERS OF CREDIT – Top Banks: Leverage large projects for high volume funding.
This is a Forex Master Trading Account.
Yes&hellip it is cash backed.
This account offers seasoning by request.
Amounts from $50K to $5B and at times higher.
VOD, phone and fax verifiable.
Swift MT799 by request for additional costs.
Funds can be blocked for the transaction and Administrative holds are available.
Great for showing proof of assets for real estate and other business transactions.
Verifiable by standard VOD, phone and fax verification.
Very inexpensive method of proof of fund.
8 week programs with extensions.
Starting from $1M and up.
MT799, MT760 Ping or Fax verification.
Blocked and reserved for the transaction.
SBLC/SLOC: Standby Letter of Credit.
DLC: Documentary Letter of Credit.
BCL: Bank Capabilities Letter.
BG: Bank Guarantee.
Up to $10B.
1 to 13 months with extensions.
Great for Import/Export and commodities.
– This acts as a guarantee of payment issued by a financial entity on behalf of a client that is used as “payment of last resort” should the client fail to fulfill a contractual commitment with a third party. Standby letters of credit are created as a sign of good faith in business transactions, and are proof of a buyer’s credit quality and repayment ability. The financial entity issuing the SLOC/SBLC will perform brief underwriting duties to ensure the viability of the contract and transaction, as well as the integrity of the party seeking the letter of credit. Typically, the letter of credit is cancelled as soon as the terms of the contract have been met by the purchaser or borrower. After due-diligence is concluded, the issuing process is 2-3 days.
Top US and European Banks
We pride ourselves with our success track record and effectiveness to produce results for you. Consider us your complete one stop source for Proof of Funds. Ask about our broker network program. Please note our arrangement fee is upfront (through escrow) and not as a success fee.
Procedures and Forms
1. Client, or client’s representative, will provide the necessary information to provide a quote. The minimum information needed is: the client’s name, email address, telephone number, and physical address, account funding amount, account term and type of account verification required.
2. A Term Sheet will be issued for the amount of funds requested by the Client. The Term Sheet will stipulate the Arrangement Fee, refundable processing costs, escrow fee and include a short application.
3. Upon receipt of the signed Term Sheet, processing fee, escrow fee, application and proof of ability to deposit the Arrangement Fee in the Escrow Account, a Principal Agreement will be issued detailing how the Proof of Funds is to be provided. The agreement will include provisions concerning delivery of confirmation documentation and terms of account use. Escrow instructions will also be provided so that the initial Arrangement Fee can be deposited by the Client into the Escrow Trust Account. It is a condition in the Escrow Agreement that in the event we do not open the Proof of Funds account, the Arrangement Fee will be returned in full to the Client by the Escrow Agent.
4. Concurrent with the Client’s execution of the Principal Agreement, the Client must deposit the initial Arrangement Fee into the Escrow Account. The Client will be required to provide the necessary documentation to complete the account establishment process. This information will include color copies of photo ID’s for all signatories; a second ID including address; Certificate of Good Standing or Incorporation, if applicant is a company; Employer Identification Number (if applicable) and Corporate resolutions (if applicable) and social security numbers for individuals. The Client will be a signatory on the account, but will be unable to conduct transactions or encumber the funds in the account in any manner.
5. Upon confirmation that the Arrangement Fee has been deposited by the Client into the Escrow Trust Account, the Proof of Funds Account will be opened in the Client’s name, and funds will be deposited into the POF account in the amount stipulated in the Principal Agreement.
6. The Arrangement Fee is released from the Trust Account when confirmation is provided to the Escrow Agent that the account has been set up in the client’s name, and that the appropriate funds have been deposited as stipulated in the Principal Agreement.
7. The Proof of Funds account will remain open for the Client’s use for the period of time stated in the Principal Agreement, and conditionally, may be extended through mutual agreement, and payment by the Client of the Arrangement Fee for such extensions, within five (5) days of the expiration of the current term.
Frequently Asked Questions
Proof of funds: blocked funds in a cash account with the client (personal or business name) on the account (master account) for a specified term. These moneys are not available to draw against, encumber … Etc.
Why do I need to pay your fee before you open the letter of credit? Can’t you take your fee out of the profits of our transaction?
We do not participate in the transactions of our clients as a party to the transaction other than providing the Letter of Credit. Our fees are the same regardless of the profit margin in the transaction.
Can I cancel my letter of credit after it has been opened?
All of the instruments that we issue are irrevocable and cannot be canceled except by the beneficiary.
What is the required cost to open a letter of credit?
We require an amount equal to ___% of the face value although in some instances the required amount may increase due to the amount of risk involved. When a client wishes to open a letter of credit, they are to present the details of the transaction so that we can make a decision based on its merit.
What is the maximum size letter of credit that you open?
We are able to open letters of credit of almost any size. We consider the complexity of the transaction such as the product that is being traded as well as other factors having to do with the parties involved and where they take place.
For what type of goods do you open letter of credit?
We can open letters of credit for any type of goods provided they fall into our ethical and legal criteria. That said, we will not get involved in transactions involving weaponry or ammunition under any circumstances.
I opened a letter of credit to my supplier, but he did not ship the goods. Will you refund my fee?
Once the letter of credit is opened your fee cannot be refunded. We recommend to all of our clients that they need to assure themselves of their suppliers’ ability to perform before opening any banking instruments to them.
DISCLAIMER: Sender is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the buyer and seller. This E-mail letter and the attached related documents are never to be considered a solicitation for any purpose in any form or content. This document including any attachments hereto is a response to a formal request of information only. Upon receipt of these documents, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities-related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way. These Confidential communications are protected under Gramm-Leach-Bailey Act 15 USC, Subchapter 1, sections 6801-6809 and other laws addressing the disclosure of Non-Public Personal Information.
This just came in from a Hard Money lender that I know here in CA Wednesday April 28th:
Multi family-5+units-We have an extreme appetite for this asset class.
Mixed use-We have an extreme appetite for this asset class.
Groups of n/o/o condos
Rehabs loans for multifamily.
O/O and N/O/O Residential.(SFR,Condos,2-4 units). We also have an extreme appetite for this asset class!
Properties I will consider:
Mobile home parks
Motel and Hotels flagged and non flagged-in conjunction with a capital partner
Gas Stations branded and non branded–in conjunction with a capital partner
Properties I will NOT lend on:
And yes Land
Golf courses-yes even if its Tiger Woods personal course.
Water treatment plants
Geo thermal power plants
Nuclear power plants
Clean green alternative fuel power plants
Disney Land-yes even if Mickey is going to personally guarantee it.
Up to 65% on really good deals.
Commercial-up to 1 to 5+ million and as low as 25K.
Trophy homes-up to 5 million!
To submit a package just send me the following:
-1003 or PFS
-Pictures of property-if commercial property
When you call us for help here are some of the questions that I’ll be asking you:
Cash Flow Specialists, Inc. Pre-Qualification Questions
- Who referred you to us?
- What did they say about us?
- Have you visited our websites to see how we do business?
- Do you understand that you will pay a consultation fee to move your project forward?
- How much money are you looking for?
- When do you need it?
- Do you have an Executive Summary that is one to four pages long?
- Do you have a written Business Plan?
- Do you have bio’s of key people prepared?
- Do you have a detailed use of funds broken down monthly for the first year and quarterly thereafter?
- Do you have a 5-year proforma?
- Do you have a written Exit Strategy?
- Do you have a tri-merge credit report dated within the past 30 days that you personally pulled?
- What was your credit score when you last pulled it?
- Have you filed bankruptcy?
- Have you had a foreclosure or given your keys back to a lender?
- How many liens or judgments do you have?
- How many derogatories?
- How many inquiries?
- Are you a paid member of http://www.CreditCheckTotal.com?
- Are you willing to have a 3rd party verification service record your understanding of our fully earned, non-refundable consultation fee?
- Do you have a personal financial statement dated within the past 60 days?
- Do you have a business financial statement dated within the past 60 days?
- Do you have the past three years of business tax returns?
- Do you have the past three years of personal tax returns?
1 Chronicles 16:11
Seek the LORD and His strength; seek His face continually.
A lot of people are afraid to tell the truth, to say no. That’s where toughness comes into play. Toughness is not being a bully. It’s having backbone.
Robert Kiyosaki – Truth – Fear – Leadership – Strength –
As always we are available M-F 7AM to 5PM Pacific to serve you and those whom you choose to refer.
If you have an emergency and absolutely need my help after hours and on weekends call my cell phone at 925-352-6000. I will call back when I can.
Bonnie, Katie, and Mike will be arriving Friday, June 11th and returning to Racine, WI Wednesday August, 25th. I will NOT be working Saturdays in the summer. please pray for reconcilement and remarriage for Bonnie and I. We were married for 34 years. I have loved Bonnie for more than 40 years.
Joe Tufo, Certified Cash Flow Consultant, Certified Capital Specialist
CASH FLOW SPECIALISTS, INC.
P.O. Box 844
Alamo CA 94507
925-691-8200 Direct to my desk
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Your #1 Alternative Funding Source. Call Us When Your Banker Says NO!!!
Business and Personal Lines of Credit $50,000 to $10,000,000, Large Project Funding $10,000,000 to No Limit, Commercial Loans, SBA Loans, Hard Money Loans, Church Loans, Factoring, Accounts Receivable Funding, Merchant Cash Advance.
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