All Forum Posts by: Lisa Arlt Escoto

Thanks, Devon Garbus!  I appreciate the referral and will let you know if anything comes of it.  Lisa

For those wanting to read the full blog post please visit the website in my signature.   thanks. 

We provide up to 100% financing for US and International Commercial Real Estate Transactions from $5 million USD up to $1 Billion Plus.  We charge no application fee and have a transparent and easy submission process.  For more info please visit our website www.WorldwideCommercialFunding.com

Walter Hogan I am the president of Worldwide Commercial Funding.  How can I help you? 

up to 100% Financing

JV Financing

All US and International Commercial Real Estate Projects 

$5 million Minimum - up to $1 Billion Plus

Finder's fees paid

No Application Fee

Quick Response

www.WorldwideCommercialFunding.com

[email protected] 

I truly believe you shouldn’t pay a loan broker (like me) an upfront fee (i.e. tipping awaitress before you get your meal) but recent experiences make me wonder if paying a fee to a funding source or their representative (i.e. tipping the maître d’) might sometimes be the best and quickest way to the right funding, and therefore the best option for my clients.

Asking a borrower to pay a fee to a loan broker or lender before receiving a viable LOI is like a waitress demanding her tip before she’ll take your order. It’s just not the way things should be done.

Unfortunately, my list of up-to 100% lenders just shrank by one. Lender 2 responded to one of my submissions for funding with a request for a $300K "placement" fee. When I reminded them I don't charge any upfront fees in advance of an LOI – and I don't work with any lenders who charge fees like that– they told me it wasn't an upfront fee. It was a placement fee. Read more… http://www.worldwidecommercialfunding.com/blog/blog-no-upfront-fees/

Thanks for the comment, Jay.  You are right to be dubious of lenders and fees.  There are a lot of scammers and thieves out there, especially in lending/funding. 

To answer your questions, I have not closed any loans yet with these lenders.  I am 2 weeks away from my first closing with Lender 1.  Just started working with Lender 2, so no closings yet (also NO fees of any sort, not even due diligence, so pretty much no risk to the borrower), and a few weeks away from my first closing with Lender #3 (who will accept due diligence fees paid to a 3rd party, impartial, due diligence company, which lowers the risk dealing with Lender #3).  

I will be sharing my success stories/summary of loans funded on my website, and on BP, so please keep in touch in case I can help you out with funding.   Lisa 

We're looking for real estate developers interested in partnering with our lender in return for 100% financing, with NO upfront fees.  Partnerships are structured as a debt/equity deal, with with a 20-35% equity portion (for the lender, 65%-80% for the borrower/developer) and 65%-80% debt.   We charge NO upfront fees and provide 100% financing from the start.  Finder's fees available for those who are direct to the borrower/developer (please, no daisy chains). 

• Program 2b Specifics:
  • Ground up or shovel ready development transactions
  • $40 million USD or more
  • Rates range 65% Debt/ Equity 35% to 80% Debt/ 20% Equity
  • Property Types:
    • Subdivisions, Large
    • Multifamily (200+ units)
    • Office buildings in a metropolitan area
    • Hotels in prime location, such as near airports, etc (150 keys+)
    • Health Care, such as Hospitals, Senior Care Facilities, etc
  • Co-Brokers welcome (no Daisy Chains)

• Submission Procedure for 2b: Email the following information to [email protected]:
  • A Short (1 paragraph) description of the Project including total project amount and If you are looking for 100% financing or if you have some funds to bring to the table
  • Executive Summary
  • Bios of Principals
  • Entitlements (if any)
  • Documentation for UB-5 (if applicable)
  • Proforma
  • Projections for the project (if available)
  • Anything that isn’t included in the Executive Summary but knowing it may convince us to finance your project
  • You will then be sent a no-obligation non-disclosure, confidentiality document (NCBA) to sign and return so I can share this information freely with the lender
  • Upon Lender’s expressed interest, additional information may be required

Do you know someone who owns Caribbean beachfront property free-and-clear and is looking for a JV partner who can provide all development costs (100%, no upfront fees at all)? Finder's fees available! Contact [email protected], or via my Bigger Pockets account