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SBLC Financing / Commercial Loans
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SBLC Financing will offer Funding on just about any project of $150 million or more with NO DEBT, NO FEES, and NO PAYBACK. |
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Looking for Commercial Hard Money or Private Money?
If you are looking for private money, our funding time averages 45 days. Our program consists of "Hybrid Lenders". This term refers to providing private money at bank interest rates or better. Complicated lending is our specialty. We fund private money loans from $1Million into the Billions. The documentation needed is typically swift and uncomplicated. Our Private money loans are generally interest-only loans and some will just take an equity position.
It's easy to qualify! We focus mostly on Asset Based and collateral value of the real estate. We are very creative and can move quickly. Additionally, we will work with all brokers. Our Hybrid funding can fund deals others cannot. If you are a broker with deals you cannot place and need help, please contact us directly for details on our private money co-broker and referral programs.
Our approval process is simple and in most case depending on the program, we can provide a preliminary approval the same business day.
It's easy to qualify for a commercial hard money loan! We focus mostly on collateral value and the fundamental value of the real estate. We are very creative and can move quickly. Additionally, we do work with brokers. Our Hybrid funding can fund deals others cannot. If you are a broker with deals you cannot place, please contact us directly for details on our private money co-broker and referral programs.
Our approval process is simple and in most case depending on the program, we can provide a preliminary approval the same business day.
Loans in our Finance Suite are typically for loans under 2 million.
There are 4 basic loan programs which a client may fall under and they are outlined as follows:
Conventional/Hybrid Lending Rate- Usually the credit worthiness and overall financial strength of the client either meets or exceeds standard guidelines. Rates could very between 6%-8% interest only for 12-36 months in most cases.
Private Lending Rate- Usually the overall strength of the client is less then satisfactory for the lender to commit to a favorable interest rate, but the feasibility of the deal is very strong. Rates for this type financing may very from 9%-16% interest only for a period of 12 months.
Subsidized Security Lending Rate- Usually the security is lacking in value and therefore it is necessary to provide leverage in the form of bank guarantees to make up the difference in security and provide for a more collateralized value loan. Rates for this type of financing can very from 7%- 16% depending upon other strength factors.
Our team of Direct Funders is made up of Private Financers who are called "Hybrid Lenders". This term refers to providing private money at bank interest rates or better.
Underwritings primary objective is to group their lenders based upon the strength of the deal they are underwriting, the lender will then dictate their individual terms to the client in the form of the term sheet, and or commitment agreement. Interest rates will often very depending on credit worthiness, financial strength, and overall experience level of the client.
Other factors which may determine rate variances could be market conditions, cash to value and collateral strength. With Hybrid Lending, interest rates may meet or exceed expectations to the more favorable conventional rates; however private lenders make their money with the finance fees they charge.
In all cases the base finance fees for Hybrid Lending is going to be between 6% to 8% of the base loan amount.
Upon satisfaction and agreement of all conditions' our underwritings staff will begin the process to make the determination of how best to fit your financial needs with our programs described briefly above.
In order to avoid any time delays or impair the underwriting process, all documents requested should be sent in a timely manner. All underwriting is given the same amount of priority the moment the last document requested is received. To insure thoroughness in the process we allow for up to 45 days before final determination of a loan.
This time cycle begins the moment underwriting has received the final requested documents. Once approved, our designated team of Direct Funders shall issue its final and firm Commitment with a Term Sheet or Conditional Commitment.
It will be necessary for our underwriters to speak directly with the client during the underwriting process. This initial contact will generally occur 48-72 hours after the underwriting process has begun, at which time the client and underwriter may wish to go over the deal and field any questions they have for each other.
Our 4th Program is to send your deal to our Finance Suite and get multiple offers. This is typically for loans under 2 million.
If the deal makes sense, we'll get it done!
A hard money or rehab loan is a short term, high interest loan that offers you the opportunity to buy a house with no money out of your pocket. We loan up to 75% of the ARV. We give an appraiser the list of repairs (if any) that need to be done to the house and he gives us the value based on those items being complete. We loan the money to buy the house, the money to repair the house and the closing costs up to 75% of the ARV. The repair funds are kept in the lenders account and released to the borrowers in draws. From the time of the request, we send our inspector out to make sure the work is completed satisfactorily.
This means you can begin the refinance process the day the work is complete or if no work was needed, the day after you purchase the home. Keep in mind that when you refinance, you should limit your LTV to insure a cash flow. We usually recommend no more than 80% LTV. Many Investors who learn about these strategies get very excited and see it as a "get rich quick opportunity" IT IS NOT. It is important to proceed with caution, slowly and with lots of homework. Steady plodding is the key.
If you try to fudge and push the formula to the limit, you will likely fail. You can count on more work being needed than you originally planned. Termites will show up even after inspection; HVAC units will be out of order that appear brand new. Believe that unexpected things will occur.For more information on SBLC Financing or to submit your project to the SBLC Financing Team:
LEGAL/PENALTY NOTICE!
This website is not intended as a solicitation to customers in any jurisdiction in which we are not authorized to operate. We are not Certified Financial Advisors, Securities Brokers or Stock Brokers. We are business consultants and intermediaries who provide advice to private individuals on or about business matters. The information presented is not in anyway considered or intended to be a solicitation of funds and is intended only as general knowledge. Please understand that the contemplated transaction(s) is strictly private and in no way relates to the United States securities act of 1933 (THE"ACT") or related regulations and does not involve the sale of registered securities. This transaction(s) are private and exempt from the act. Please be aware that any disclosure, photo copying, distribution or use of the contents of this information is prohibited.
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