Of the billion plus SBA portfolio for 60 lenders that the group I work with services, I am sure we have a very similar loan we have done very recently.Best of luck.

The property was in the New York area, the investor was all but bankrupt at the time to boot so he couldn't really buy it anyway, but still he obsessed and everyone bet against him after finally giving up on trying to stop him.That investor was Donald Trump, and that deal, the impossible sure looser deal, is what brought him from the ashes, wrote books, made him famous, and launched the multi billion brand Trump.I would say the most dangerous thing in this world is a psychic pessimist; once computers in the home was impossible and now we carry them in our pockets, history is made by those who do the impossible, even in real estate. 

Memphis is having their own boom too with over $4 billion dollars in construction projects either just wrapping up, in progress or about to start.  

I will however submit that when a billionaire takes a 1.3 billion dollar CASH position in real estate over the course of four years leading right up to here in 2014 in a "dying" city, it might cause one to entertain a possible rethink about our beloved Motor City and the future it may hold. 

.- Total dollar volume increased 6.6 percent to $3.1 billion;- The single-family home median price rose 4.5 percent to $249,000, achieving an August high;- The single-family home average price was up 3.4 percent to $312,727 – also a record high for an August;- Single-family homes months of inventory reached a 4.2-months supply, up from 4.0 months last August and just slightly below the 4.3-months supply maintained in June and July.

Any wise lender, be they a sophisticated San Francisco Hard Money Lender backed by a billion dollar hedge fund, or your relative, should confirm your ability to repay the loan.

My personal database built over the last 13 years has individuals with a combined net worth in the billions.

This combined with rising home prices in some areas of the U.S. have made the single family home market a little less attractive for some real estate investors in recent months.Blackstone Group has purchased over $7 billion in single family homes over the past several years.

EXCLUSIVE BANK DIRECT PROGRAMI AM CURRENTLY IN CONTACT WITH BANK DIRECT PROGRAM SELLING 50 MILLION TO BILLION DOLLAR IN ASSETS IF INTERESTED PLEASE CALL DIRECT 678-933-3146OR EMAIL: [email protected]

The guy is only 43 years old, started with nothing, and has exploded his company to $3 billion in holdings.