Special Loans and Hard Money
BRIDGE LOANS: $500,000 minimum loan amount
up to 75% LTV
Stated Commercial Bridge Loans-No tax returns!
Our bridge loans are concerned with two things: equity and assets. If the cash is there, then there is no reason the deal can’t get started. We’d be happy to pass on tax returns in lieu of a good down payment or significant reserves – and we’ll close it for you in two weeks with a full package (including appraisal).
Don’t let a good deal die if it’s just a matter of tax returns!
Bridge Loan Features:
- $500,000 to $5,000,000
- 12 month term
- Interest only
- Prime + 2%
- 4 points
- 75% max LTV
- Quick response
- No prepayment penalty
LOAN SUMMARY SAMPLE FOR SUBMISSION
IF YOU ARE SEEKING A HARD MONEY LOAN, BEWARE OF PAYING A BROKER ADVANCE FEES! USFS DOES NOT CHARGE ADVANCE FEES, BUT THE LENDER DOES. FOR MORE INFORMATION ON THIS SUBJECT, PLEASE CLICK ON THE LINKS TO RECENTWALL STREET JOURNAL ARTICLES. THE MONEY YOU SAVE WILL BE YOUR OWN!
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< HARD MONEY >
Hard money is available on ships, aircraft, real estate, oil and gas reserves, and other assets.
- There is no pre-payment penalty.
You will need to submit a general outline of the transaction. Click Here to download a sample form (please note, I will only accept submission in this format. If you have an executive summary or business plan, I will look at that later).
Real Estate max loan amount is 75% LTV.
Oil and Gas are at 30% of the 10% net discounted value.
Paintings are 30-50% Please note, this is for masterpiece caliber, not "collectibles". Masterpiece art will typically have a catalog reference.
Ships and aircraft are at 50% of a value between salvage and quick sale.
Quick Sale is the price the asset would fetch within four months of marketing. This is likely below the appraised value for real property, and in the case of movable assets (like ships, and older aircraft) somewhere between salvage value and appraised value. I will caution all borrowers that this is the issue on which the transaction hinges.
Repayment plan-How are you going to repay the loan? Is your plan realistic?--------------------------------------------------------------------
Airplanes & Helicopter Loans
We are actively lending on Robinson - Business or Personal Use!
Robinson Helicopter Core Rebuild Financing
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AIRPLANES
Low Doc Program!
A very simple and fast finance.
Max loan amount $99,950 minimum is $50,000Required Documentation:
- 2008-09 personal tax return;
- Completed application;
- Spec sheet on the aircraft;
- We do NOT require pay stubs, bank statements, etc.
Loan Parameters
- Max LTV 85%
- 15 year amortization
- Does not show on your credit report! This is a non-reporting transaction. By not showing on your credit report, it won't lower your credit score!
- Most General Aviation aircraft newer than 1965 are acceptable.
Approval simply requires an acceptable aircraft, minimum 670 FICO score, sufficient cash on hand, sufficient income.To be approved:
- Click here to Apply for Aircraft Funding
- Click here to Send a Spec Sheet on the Aircraft
- Click Here to Release Info: May be titled in an LLC or corporation, but must have a personal guarantor. We will need the corporate Certificate of Organization and Operating Agreement
- 2008-09 tax return
This is the perfect loan for someone who has variable income, or low income for tax reporting purposes, or you don't want the hassle of submitting two year's of tax returns, pay stubs, W-2's, and bank statements.
Recent lender transactions and capabilities:
Mooney M20E
Robinson R44 helicopter-purchase
Robinson R22 flight school-purchase
Piper Turbo Malibu-refinance and engine overhaul
Storm Rally Light Sport Aircraft-purchase
Cirrus-refinance
C180 float plane
1976 Islander-refinance
PZL 104-80
Bell OH-58 Aerial application helicopter-purchase
Beech Baron
Cessna 206
Cessna 421
1975 Cessna 172Contact USFS: info@usfundingsource.com
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Features:Acquisition, refinance, rehab, construction
FHA 232, HUD 504 programs, bridge financing
Up to 90% LTV
Up to 40 year amortization
Construction to perm financing as an "automatic" transition
Non-recourse
Low fixed-rate
Rehab repairs generally must exceed $6,500 per unit
Let our experts help you through this process!Contact USFS: info@usfundingsource.com
Mobile Home Park
Acquisition, refinance, construction
3 star or higher
Up to 30 year amortization
1.20 DSCR
5 star parks over $1 million receive outstanding rate/term, as low as 5.95%
Please fill out the questionnaire so we may offer you a no-obligation quote
Contact USFS: info@usfundingsource.com____________________________________________________________________
Special Funding Events:
If you are tired of losing or making less than 3% on your own funds; Try investing in Real Estate! You can partner with US Funding Source & Holdings, LLC on one of our qualified Real Estate Acquisitions for far better returns per year and have a hard asset to bank on - not virtual money pits. We offer Asset Protection through Trusts and that part of the equation is for both of our interest - free to you as a potential investor.
For more information contact US Funding Source & Holdings, LLC. at:
Email: info@usfundingsource.com
