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Updated over 8 years ago,

User Stats

60
Posts
13
Votes
Donald Banks
  • Investor
  • Joliet, IL
13
Votes |
60
Posts

NEW OR SEASONED INVESTORS HARD MONEY IS AVAILABLE FOR YOU

Donald Banks
  • Investor
  • Joliet, IL
Posted

Hello BP Community,

Please answer these 3 questions to see if this is the right funding alternative for you:

Are you new to investing and don't have a long track record of successful flips?

Do you have solid deals but no access to quick cash?

Are you ready to hit the ground running if you find the right funding partner?

If you answered yes to any of these questions, then I can help you get your feet wet on your first deal, or assist you in growing your businesswith your next deal.

Now, I know If you've done 5 or more successful flips you can probably find better terms than what we offer. So you may not consider this program to be your best alternative, and that's OK.

However, if you're fairly new to REI, then stop beating your head against the wall looking for funding, and don't let a good deal get away while you're trying to get terms, or raise funds that are simply out of your reach.

With this program, as with others, the more deals you do the better rates you earn. If you have a solid deal in play in the greaterChicagolandarea, or south and centralFlorida, then don't lose valuable time and moneybouncing from one turn downto another. Or trying to get cousin Bob to loan you that 10% down payment.

I can help you finance your deal with the following terms;

100% acquisition and 100% rehab cost

Points and closing cost rolled into the loan

Short term loan ( 6 months ).

There are no upfront application fees,you risk nothing by applying.

Close in as little as 14-21 days depending on title search

And more importantly, a yes or no based on the deal, not your personal credit within 5 business days, not 3 weeks.

Our in-house attorney will handle the closing and contract negotiations for you.

That being said, we don't charge application fees because we want you to have no barriers to making that first offer. Do your due diligence, negotiate the best deal you can. Don't blow your credibility by submitting a weak deal.

We have two programs available;

1. 70% LTV based on ARV, 5 points 18%, no monthly interest payments, flips only*

2. 70% LTV based on ARV, 4 points 12%, monthly interest payments, flips only*

*We will consider commercial property (multi-family) with a history of at least one successful commercial flip and strong comps.

Send proposals with contracts, **documented rehab estimates, comps, pictures, and ARV to [email protected]. We will not consider hypothetical scenarios, real deals in place only.

I look forward to hearing from you, good luck and good hunting.

Don Banks pres.

Ascension CPI

**Documented contractor estimates for first 2 deals 

Offering

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