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| LOAN QUALIFYING CONDITIONS and TERMS |
Asset Value will be established by the Lender's appraisal or valuation
- Proof of ownership is mandatory
- Real Estate only needs a minimum of $100 K in equity
- All NON REAL ESTATE Assets MUST be free and clear
- Loans will be up to 100% of value, up to unlimited amounts
- NO CREDIT REQUIREMENTS
- Borrower need only show verifiable income sufficient to make payments.
- Payments and Terms: $500 per month per each $100K loan for 5 years (60 months)
- TOTAL PAYMENTS PER $100K = $30,000.00
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| Yes, with our Leveraged Asset Backed Bank Loan Program you can obtain your asset or property’s full value NOW! |
| QUALIFICATIONS: |
- NO CREDIT RESTRICTIONS (NO FICO SCORE OR US CREDIT required (BK / Foreclosure / Short Sale NOT Considered. If it has no effect on our collateral, we DO NOT consider it!)
- LOANS UP TO 100% Loan To Value (Almost ANY type of collateral)
- Minimums: $100K Loan Amount. Minimum 50% Equity Position in Property Required BEFORE our financing.
- Verifiable Ownership Interest (with NO SEASONING!!)
- Ability to Repay (as verified by Profit & Loss Statements, Rent rolls, W2/Paystubs, Bank Statements, Tax Returns – Personal or Corporate)
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| ACCEPTABLE FORMS OF COLLATERAL: |
EAL ESTATE :
Raw Land, Commercial, Mobile Home Parks, Mixed Use, Residential, Multi-Family, Manufactured Homes on Owned Land, Farms, Condos, Co-Ops, Condotels, Hotels, Motels.
Other :
Corporate Bonds, Accounts Receivable, Rare coins and artwork,, Pensions, Precious Gems and Metals (do not need to be moved if they are in the continental United States), In Ground Assets, Above Ground Assets, Automobiles, RVs and Business Equipment....we can even loan against FILED JUDGMENTS!!
FOR IN GROUND ASSETS:
Environmental and geological studies must be complete and up to date. |
| TERMS: |
Due Diligence: $500 per $100,000 Borrowed
- Due diligence funds are placed IN ESCROW at Edward Jones Escrow Services during due diligence period. This is done so that there is MAXIMUM protection in place for the borrower
- Due diligence funds are not released to the lender until two conditions are met :
- Due diligence is complete and loan docs are ready.
- Borrower authorizes in writing the release of said funds to lender.
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| Repayment : |
| $500 per month for every $100,000 borrowed (equivalent to 30YR Term - 4.375% Rate) |
| Origination : |
| 15% |
EARLY PAYOFF FEATURE:
IF ALL PAYMENTS ARE MADE ON TIME, AT MONTH 60
*****LOAN WILL BE FORGIVEN!!***** |
| So, literally, for every $100,000 borrowed, your repayment equals $30,000, or 30% |
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| NOTE : |
In order to guarantee payment of the broker's 15% origination fee each client will be asked to sign and have notarized an AT FUNDING IRREVOCABLE EXPLICIT PAYMENT INSTRUCTION to the Settling Agent.
If you're interested in this program or in our traditional Private Lending Mortgages
Please contact us at mail@ocfprivatelending.com |
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Disclaimer :
Our program is being presented, meant and sold as a huge time, effort and money saving tool to localize, determine and find likely Private Lenders from information which is free and readily available at the Public Records of any County Recorder's Office.
DISCLAIMER :
OCF Private Lending is NOT a United States Securities Dealer or Broker or U.S. Investment Advisor. OCF Private Lending is a Consultant and makes no warranties or representations as to the Buyer, Seller or Transaction(s). All due diligence is the responsibility of the Buyer and Seller. This Webpage and the attached related documents are never to be considered a solicitation for any purpose in any form or content. Upon reading / receipt of these documents, the Reader / Recipient hereby acknowledge(s) this Disclaimer. If acknowledgment is not accepted, Reader / Recipient must abstain from reading and or return any and all documents in their original receipted condition to OCF Private Lending. This webpage and any attachments are private, confidential, This webpage and its message (including any and all attachments) is covered by the Electronic Communications Privacy Act 18 U.S.C. 2510-2521, is confidential and legally privileged. In addition, the information contained in this Webpage message is personal and confidential and is intended for specific individual(s) and purpose and therefore is protected from disclosure under the Gramm-Leach-Bliley Act. This electronic communication is covered by the Electronic Communications Privacy Act of 1986, codified at 18 U.S.C. §§ 1367, 2510-2521, 2701-2710, 3121-3126. Also, see: http://www.ftc.gov/privacy/glbact/glbsub1.htm Gramm-Leach-Bliley Act 15 USC, Subchapter I, Sec. 6801-6809. CONFIDENTIALITY NOTICE: This communication may contain information that may be confidential, privileged and/or prohibited from disclosure. Except for personal use by the intended reader / recipient, or as expressly authorized by OCF Private Lending, any person who receives this information is prohibited from disclosing, copying, distributing, and/or using it. The information contained in this webpage message and all its documents / attachments are privileged and confidential and are intended solely for the use of the intended reader / recipient.
Important Notice:
Being a Party in an OCF Private Lending Service at no time and under no circumstances shall be construed as creating or establishing a "Loan Officer-Borrower Client" relationship with ANYONE at OCF, whether Licensed Real Estate Broker or Agent(s) or a Mortgage Loan Broker or Officer(s).
THIS IS AN EDUCATIONAL TOOL AND SERVICE MEANT TO HELP CONSUMERS FIND PRIVATE LENDERS FOR LOANS IN PRIVATE LENDER-BORROWER TRANSACTIONS. |
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