All Forum Posts by: Kyle Ransom

We are looking to work with commercial real estate brokers who specialize if off-market, distressed, value-add properties from 30-200 units in the Southeast ie. Atlanta, Jacksonville, Charleston, Charlottesville, Miami, Tampa Bay, Birmingham, Montgomery, St Petersburg.

If you are interested please contact Kyle Ransom at 470-362-7887

Here are 5 easy ways to get it.

INSTALLMENT”CASH” LOANS FOR BUSINESS OR PERSONAL

By far the most utilized because of its ease and quickness we can get people 25-300k in cash loans. They deposit cash in your bank account and you have a fixed monthly payment for 2-7 years. Individual loan amounts go up to 100k each w/ rates ranging from 6-30%, combine multiple for max funding.

Remember:

• →650 MIN score, higher scores needed for most money.
• → You can choose between installment (cash loans) and lines of credit.
• → No Business revenue or business entity needed.
• → No CPN’s or built files.(must use real social security number and have real primary accounts)
• → Can be in Business or Personal name but all require a personal guarantee and it’s always easier in a personal name.

LINE OF CREDIT FOR BUSINESS OR PERSONAL

Get access to lines of credit that only cost you interest when you are using them. Not Credit Cards, come in amounts up to 50k each and are usually in the 7-12% range.

Remember:

• → 680+ credit score needed, higher scores get more.
• → No Business revenue or business entity needed.
• → Can be in Business or Personal name but all require a personal guarantee.

BUSINESS FUNDING BASED ON REVENUE

Large range of options, in general, gets 1/12 to 1/3 of your yearly business revenue in form of a loan or LOC. Varies state by state but amounts for business loans and lines of credit can go up to 500k each and have monthly payments. Rates start at 6% and go much higher depending on strength of borrower and company.

Remember:

• → Need business revenue to business bank account of 10k/mth or more
• → With scores 500-620, expect daily payments and higher rates with terms less than 1 year.
• → With scores over 620, rates from 6-20% are possible, with weekly or monthly payments.

"STREAMLINE" SBA

Loans under 350k are easier to get now but go to 5MM. Even better, I can tell you if you are in the ballpark for one of these loans by filling out the form below.

Remember:

• → 650+ personal score needed.
• → No losses on tax returns last 2 years
• → Best for existing businesses.

ASSET BASED LENDING

Loans can be for almost all types of properties, multi-family, commercial, retail, SFH, etc. NO INCOME VERIFICATION NEEDED. Fill out for more info

Remember:

• → 650 Minimum score
• → Loan amounts 100k – 5MM
• → Rates as low as 7.99%
• → 30 Year Fully Amortizing
• → 65-80% LTV

You will need a copy of a credit report showing all there scores to get a quote. We recommend CreditCheckTotal.com

To Get Stated  Click Here

I recently consulted a fellow small apartment investor about his recent apartment purchase. It was a great fixer upper and he got bank financing to purchase and fix it up. The loan was based on the lender's after repair value through which was not consistent with the market value. It was in fact much lower. Banks tend to be more conservative and based their values on other factors like experience and location among other things and not just the proforma income.

Now, this investor never bothered to get an appraisal done on his own so he really had no way of really confirming the after repair value for this property. All he had was what the bank thought the ARV should be. As a result, he was short some cash to finish the rehab.

So when buying a fixer-upper apartment is really is best to have an appraisal done or at least have one of your broker contacts confirm the value for you upfront. It would be best done when you have the property under contract during your due diligence period. This will help to make sure that you are buying right and can get all the funding needed to complete the project. You will also seem more credible when requesting a loan as it shows that you did your homework. Plus if your lender attempts to knock down the property value you have a legitimate proof otherwise.

Here is another tip, getting a bridge or hard money financing from a lender in the area where your property also helps you get to an after repair value more in line with that local market. Whereas banks tend to be ultra-conservative when it comes to the value of a property. Especially a fixer-upper where you have to use the proforma income and expense to justify it's value.

I hope this helps. Please feel free to comment.  

75+ units @ Dona Ana NM | Area B+ | Property B | 31.10 % ROI | 11.66 % CoC

25+ units @ IL | Area C | Property C | 74.49 % ROI | 34.94 % CoC

175+ units @ MI | Area B+ | Property C | 66.31 % ROI | 24.24 % CoC

Click here for more details

If you buy commercial properties and need funding sources bank may not be the best solution if you need to meet tight closing deadlines.

There are many other alternatives out there that offer a better solution to funding your next deal.

Click Here To Learn More

We can help! We offer many types of lending and alternative lending options for commercial and multi family commercial properties.

Type of funding we offer:

purchase

Refiance cash out and rate and term

Small balance loans

bridge loans

hard money loans

JV Equity

Private Money

Even Lines Of Credit

From $250,0000- $50m

Full Doc

Lite Docs

No Docs

Owner Occupied

Non-Ower Occupied

Corps, LLC's. LP's Welcome

Never any upfront fees

Visit https://ureaholdings.com

or call Kyle Ransom at 470-362-7887 x3

Atlanta Based real estate holdings company is seeking seasoned senior JV Equity partners to acquire b-c class apartments from 30-100 units in the metro Atlanta area for up to 60 Equity.

We can bring up to 40% equity to the table. 

All assets acquired will be held for at least 5 years before liquidation or partner buyouts.

Capital will be used to secure contract and purchase and repairs of assets and stabilization of the asset if needed.

Interested investors should contact Kyle Ransom at 470-362-7787 ext. 2 or email at [email protected]

We us partner with you in finding the best funding options for your next real estate project.

Here are some of the options we have. Get started right now.

For experienced flippers!

90% Loan To Cost (LTC)

• 70% After Repair Value (ARV)
• Unlimited Loan To Value (LTV) /Unlimited Loan To Purchase (LTP)
• Most Non Judicial States, Judicial States are Case By Case
• 3 - 12 Month Terms (Case By Case Up to 18 Month Term)
• $25,000 - $5,000,000
• Fix & Flip | Add Value |Ground Up Construction
• Residential, 2-4 Units, Condos, Developments must own the land
• 1st & 2nd Lien Positions
• Bulk Transactions
• Profit Sharing

Innovative Lending Programs For Small Commercial

Program Features:

• -Up to 80% LTV-Loans From $250K- $2M
  - 30 Years amortizations
  -No Seasoning Requirements
  -Cash Out Refis Available
  -Flexable Prepayment Options
  -Owner Occupied and NOO

Solutions-Based Stated Hard Money Commercial Lending

• No Financials Required
• All Credit History Accepted
• Up to 65% loan-to-value (LTV) Ratio
• 50% loan-to-value (LTV) on Improved Land
• Competitive Rates
• Loan Amounts from $250K - $5 Million*
• No Loan Committees

Type of Commercial Real Estate properties We Fund:

• 1-4 Family Investment / Non-Owner Occupied (NOO)
• Multifamily (Apartment Building)
• Office Building
• Mixed-Use
• Retail
• Strip Center
• Free Standing Commercial
• Warehouse
• Light Industrial **
• Self-Storage **
• Improved Land

Get Started Here

or Call Kyle at 470-362-7887 x3

We are Urea Holdings, and we are experienced real estate investors who are currently looking to add more properties to our portfolio.

If you are a property owner, real estate broker, or anyone who knows of an available apartment building or distressed property, we are looking to speak with you.

We can help you finally get that property off your hands, and we can get it done quickly for your convenience.

Our reputation, knowledge, and background make us THE go-to guys for distressed properties. Don’t delay, give Urea a call today. 470-362-7887

Or Click Here

We do loans in 35 states and D.C. from $250K-$5M

1-3 Years interest only 8-10%

For purchases, refis, bridge loans and investments

UP to 65% LTV

All Credit Accepted

No Financials, Tax Returns nor income verification needed

Fast Closings!

Click Here To Get Started

or call 470-362-7887 x 3