STOP 👀 (Read Below 👇🏾👇🏾👇🏾)
Real Estate Developers ONLY‼️
If you need $5M in financing (or, more - upwards of $150M+) that will fully fund your next commercial real estate project/development, you will need to apply for the Line of Credit Asset Pledge Funding Program with TMI & Partners
Here are the initial requirements to qualify...
*Applicant must have a written verifiable relationship with their bank
*Applicant must have an attorney and submit a letter stating so
*Project Outline
*Budget Top Sheet (Sources & Uses)
*Project/Production Schedule
*Funds Draw-Down Schedule
(When prompted, “How did you hear about TMI & Partners, Ltd?” please select “DHH Consultants LLC” from the drop down.
https://form.jotform.com/201559446327964
FORM.JOTFORM.COM
Line of Credit (LOC) Asset Pledge Funding Program Request Form
It’s definitely a step in the right direction. Black OWNED banks should consider doing the same.
https://www.nytimes.com/2020/08/26/business/black-banks-m.html
NYTIMES.COM
Two Black-Led Banks Merge to Form a $1 Billion Lender
If a commercial mortgage is too complex or your just starting off in the real estate investing business (its NOT a game), look into the 203K loan. It’s the best kept secret for newbie RE investors. It’s the equivalent of a FHA first time home buyer loan, but for investment properties (up to 4-units). Put down 3.5% on the property (yes, 96.5% LTV) and you live in one of the units (“owner occupied“) while the other tenants pay your mortgage. BOOM 💥 you live rent & mortgage free🤑
#investmentproperty #multifamilyrealestate #financialindependence #fixabdflip
Wow, this Wall Street Journal article will open some eyes this morning. So, if Washington lawmakers introduced a bill that would create a government-backed funding vehicle for struggling CMBS borrowers, how will this ultimately benefit the investor? Or, will it more so benefit the billionaires who hold the CMBS debt? Interesting times we are in [again] - have seen the movie “The Big Short” (there could be a sequel looming)?🤔
https://www.wsj.com/articles/new-legislation-would-aid-cash-strapped-commercial-property-owners-11596015001?reflink=share_mobilewebshare
WSJ.COM
New Legislation Would Aid Cash-Strapped Commercial-Property Owners
When an new investor tells me they want a commercial mortgage with 80-90% LTV. Seriously, no lender is getting into bed with you if you don’t have enough skin in the game. That’s just the reality of the CRE market; even pre-COVID.
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#commercialrealestate #commercialproperty #bridgeloans #constructionloans #investmentproperty #multifamilyrealestate #dhhconsultants
The number one rule that was omitted from this very accurate illustration was seeing the banker for your money. Before anyone rolled the dice & made their first move, they secured financing. Always secure that bag 💰 upon signing a contract of sale. Don’t put the cart b-4 the horse; see a commercial mortgage broker (like me), and lock-in the best terms🤑.
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#generationalwealth #commercialrealestate #commercialmortgage #constructionloans #bridgeloans #sbaloans #dhhconsultants #refinance
#cashflowproperties #residualincomeforlife #netoperatingincome #rentroll #investmentproperties #mixeduse #multifamilyinvesting #groundupconstruction
So, if you’re not involved in commercial real estate, would you consider it now and take advantage of the underlined tax benefits like the POTUS & thousands of others?
NREIONLINE.COM
Trump Tax Saga Shines Spotlight on Benefits of CRE Ownership
