For the full month of July, we're offering Free Appraisals for New Silver clients 🎁 If you're ready to move forward with a fix and flip deal or a ground up construction project, this could be the catalyst you need to close. This offer is limited to qualified Fix & Flip and Ground Up Loans - https://ow.ly/vQXk50Sr7i5
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Day 26 "What are Interest Reserves and What is Their Purpose" Interest reserves act as a safety net in loan agreements, particularly common in real estate financing. Interest reserves ensure timely interest payments to the lender during periods when the borrower might face cash flow challenges. This is especially helpful in construction loans where the property isn't generating income yet. The reserve acts as a buffer until the borrower starts receiving rent or selling units. Benefits: Lenders gain a layer of security by receiving guaranteed interest payments on time. Borrowers get some breathing room to manage cash flow during the initial phase and focus resources on completing the construction project.
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🏡 Recent Settlement: Partially Complete Construction 🚧 🏗 The scenario: The applicant was looking to finish their incomplete construction project home 👷♂️ The obstacle: Significant works required on a Regional Category 2 property to reach completion 🛠 The solution: A facility with funding.com.au has allowed our borrowers to complete their high-spec property and refinance from their existing lender at 70% LVR. Does your client base need this type of funding? Reach out with any scenarios you may have related to private short-term lending. Specifically – bridging finance, incomplete constructions, purchases, equity releases or business purposes.
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🔨 93% LTC GROUND UP CONSTRUCTION LOAN 🔨 When land inventory is scarce, high leverage matters. Reach about any deals your entertaining, let's talk about if this is the right program for you too. 93% Loan-to-Cost allowed our client to cash-out on their new construction loan, providing them an abundance of liquidity to break ground and look for the next deal to tie up (...by the way no appraisal either)
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***DEAL OF THE WEEK**** Andrew P. took a rare step away from Drainage this week, funding a Civil Engineering company for £320k on a multi asset refinance deal. Releasing equity out of eight bits of yellow plant, our client is now able to take on a number of new projects in the pipeline, safe in the knowledge that their cashflow is protected. With a turnover north of £25m and a multi million £ balance sheet; we managed to beat the direct banks that the client historically worked with on rate, term AND the valuation provided on the kit- a win on many points and our first deal done for this new client! With an increase in liquidations in the Construction sector recently which is expected to continue over the slower winter months, we're seeing a large number of our clients looking to protect their cashflow from late payers by taking flexible business loans and refinance products out over periods anywhere from 6 months to 6 years! Deal transacted on a 2 year Hire Purchase Refinance. Thank you for your business Mr P, we look forward to now transacting more deals with you now you know the bank way isn't always the best way... AP; well done as always; another large client to add to your growing customer base! #CrownBusinessFinance #Refinance #YellowPlant #NewClient #Funding #BusinessFinance #AssetFinance #Construction #CivilEngineering Disclaimer: Crown Business Finance Limited (12091513) is an independent asset finance brokerage (an Appointed Representative of AFS Compliance Limited) not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with financial advice. Crown Business Finance Limited will receive payment(s) or other benefit from the finance provide if you decide to enter into an agreement with them. Address: Norfolk House, Silbury Boulevard, Milton Keynes, MK9 2AH.
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🏗️ Check out our top 5 tips to get a construction loan approved by a hard money lender. From being permit-ready to choosing the right lender, we’ve got you covered. Learn more and set your real estate vision in motion! 🚀 #RealEstateInvesting #HardMoneyLoan Read here: https://lnkd.in/gRN8mxf8
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Constructing a commercial building can be hectic without proper financing. As an investor, finding ways to finance the project to completion should be the priority. The availability of commercial construction loans should help meet your expectations easily. For this reason, learning more about loans is paramount. https://bit.ly/3MQ2MX8
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Constructing a commercial building can be hectic without proper financing. As an investor, finding ways to finance the project to completion should be the priority. The availability of commercial construction loans should help meet your expectations easily. For this reason, learning more about loans is paramount. https://bit.ly/3MQ2MX8
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Financier I Construction and Development Funding I NDIS Property Funding I Commercial Mortgages I Carbon Financing I Mezzanine Debt I 2nd Mortgages I Land Bank Finance I Duplex Financing
The Critical Role of Financial Precision in Construction Loans In the world of construction finance, precision is everything. As a borrower, being right across your numbers from the outset of your project is essential. Without a detailed and accurate plan, you're not just risking your project's success—you're also jeopardising the confidence of potential lenders. Assessors need to see that you have a comprehensive understanding of costs, timelines, and contingencies. By being meticulous with your financials, you can secure the necessary funding and avoid unnecessary setbacks. Call Jonathan 0404 963 963
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I rarely hear people talk about one of the most important aspects of buying distressed properties with loans, CONSTRUCTION ESCROW! Construction escrow is GOLD... Whether you're working with private money lenders or hard money lenders you'll typically get a certain amount of money set aside as construction escrow for your renovations and how you prioritize your projects will determine how money will ultimately flow in and out of your business. Working with more private money lenders has allowed us to have more control over the construction escrow because we're typically one call or text message away from the lender requesting funds to be released to the title company. Experienced operators are in short supply and our private money lenders love how easy we are to work with (and the love the returns even more!)
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Our new construction loans offer flexibility to innovate and create. 🏗️ Here's the rundown of what you need to prepare: ☑️𝗟𝗮𝗻𝗱/𝗟𝗼𝘁 𝗣𝗮𝘆𝗺𝗲𝗻𝘁: Make sure your land or lot is paid in full before applying for a new construction loan. ☑️ 𝗔𝗿𝗰𝗵𝗶𝘁𝗲𝗰𝘁𝘂𝗿𝗮𝗹/𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿𝗶𝗻𝗴 𝗣𝗹𝗮𝗻𝘀: Have your architectural and engineering plans ready, as they play a crucial role in the loan application process. Also, make sure that you have a builder that has experience and can proof to you that he can finish the job. ☑️ 𝗟𝗼𝗮𝗻 𝗧𝗲𝗿𝗺𝘀: GL&L Holdings offers new construction loans up to 70% of the After-Completion-Value (ACV) for a 12-month interest-only term. No prepayment penalties. ☑️ 𝗔𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻: Provide the scope of work, spec sheet, and draw schedule as part of your loan application. Find out more here: https://lnkd.in/gUQtTcB9 Discuss Your Deal with us: 📲832-770-9415 🗓 https://lnkd.in/gbz2HHmu #NewConstruction #BuildingDreams
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