Boutique firm Best answer on the web
worldwide brokerage organization can arrange only "100% joint ventures
financing to pay for all of the closing costs" for purchase of
residential property of minimum US$ one million worldwide for
commerial investment ?? Please provide general information about the
above mentioned question.
Apologies, but at this time I do not have the time to work your questions.
Looking Forward, denco-ga - Google Answers Researcher
I am not trying to be difficult with my clarifications, but if the website
in question does not have the information, there is no way I can make any
"hard" statement for you. This is one of those cases.
It gets down to working with and negotiating financing sources to arrange
any kind of financing package, and Commercial Funding International is no
different.
I reckon that they could probably arrange a 100% LTV finance package if
the right business opportunity was presented to them.
Looking Forward, denco-ga - Google Answers Researcher
So therefore Denco researcher if you want to provide answer of my above mentioned statement then please provide that answer and thanks and best regards from Shoaib and I am looking forward to hearing from you for that.
Please note that my above information also provides answers to 'ALL' of the comments posted by the Myoarin-ga commenter in favour or against me for loan questions and if possible for Myoarin-ga commenter then please also provide clarification of my above mentioned information and Regards from Shoaib and I am looking forward to hearing from you for that purpose.
and the price of that question ID is US$ 5 and if possible for you then please provide its answer and I am sure you would provide its answer with interest and the question in that ID is
totally different from my previous posted questions about loan and
finance and Denco researcher thanks for that help from Shoaib.
Looking Forward, denco-ga - Google Answers Researcher
OK, let me take one last attempt at this:
Shoaib, we all understand what you are looking for and hope to get, but what everyone keeps telling you is, unfortunately, the truth: it just does NOT exist, or at least not in any way that will ever work for you. You can continue to spend the next year looking for someone who will loan you 100% of the money you want, at no cost, and regardless of your experience, but people like that simply DO NOT EXIST.
I told you before that all of those 'brokers' are simply tricksters who are out to get your money. Let me change that slightly, to the following: anyone or any web site you find who tells you that they can get you the financing you need is one of the following:
(1) a bad person out to trick you and take your money up front; or
(2) someone who won't do any work, but will happily take a commission if someone DOES fund you; or (3) someone who is not necessarily mentally sound
The latest site you pointed us to (First Broker Financial) is actually BOTH 2 AND 3. If you read their site carefully, you will see that all they are doing is putting up a web site and hoping that people like you will submit projects, and then other financial brokers will come along looking for deals and decide to bring your project to someone who has money. Despite all the fancy-sounding words (a lot of which don't actually make sense), the ONLY thing that First Broker Financial is doing is making sure that the first everyone does is sign a contract agreeing that FBF gets 25% of any commissions that anyone pays.
The bottom line, therefore, is that you can certainly go ahead and apply through them, but nothing will happen after that, because (a) if there were any brokers involved, they simply wouldn't fund you, but more importantly, (b) there likely ARE NO serious brokers who come to that site! Why do I say that?
Well, this brings us to category #3: instead of being, as you described it, "the leading international loan and finance brokerage organization in the world", First Broker Financial is simply one of several strange little web sites created by a part-time Utah tennis instructor named Richard Wigley! The other sites he runs include (a) a similar site that claims to be a worldwide commodity broker; (b) the site for his tennis coaching company; (c) a 'media services' company that claims to create websites and do marketing; and (d) a truly bizarre, New Age web site called "Perisanna" that is filled with some of the most incomprehensible gobbledygook that I have ever seen. He also writes a few different blogs on strange, New Age, semi-religious topics that are also pretty weird.
My guess is that he doesn't have one, single broker signed up on his system, but that he gets hundreds of sincere people like you submitting plans because they believe everything on his website. None of them, I am sure, have ever gotten funded, but that's probably a good thing. Why? Because in the United States anyone who wants to act as a broker in the way that this guy is, MUST, by law, register with the United States Securities and Exchange Commission as an official "Broker Dealer". And I think it is pretty safe to say that Mr. Wigley has not.
So, before you go and point me to even more pages on the website which "prove" that they can do all the things they're claiming, let me suggest a simple test:
Send an email to First Broker Financial and ask for the following:
1) Proof that they are an SEC-registered Broker/Dealer
2) References from five "principals" like yourself for whom they have successfully found funding 3) A letter from ANY reputable source (like a government agency or even the local Better Business Bureau) confirming that they are a legitimate business.
I will frankly be surprised if they can do any of the above, let alone all three.
Now, having disposed of First Financial, let me again compliment you on your tenacity, and strongly, STRONGLY suggest that you get a copy of the book I suggested before: "Investors in Your Back Yard", which can be found at this link on Amazon: http://www.amazon.com/gp/product/1413304206/103-8335890-7167838?v=glance&n=283155
The book is a good introduction to how funds REALLY get raised, but the answer, which you are not going to want to hear, is that that you will eventually realize that myoarin, denco and yorker are all correct, and you are just NOT going to find financing over the Internet.
I honestly wish (as, I'm sure, do the others) that we could be positive and agree with you. But the reality is that you will really, really be better off (and much less frustrated!) if you just start DOING something on your own, no matter how small it is, instead of fruitlessly chasing "free" money for a grand plan...because, as much as we would all like it...there just is no such thing .
Yes, you win, I accept defeat.
Myoarin
See my comment on question 726495. I am afraid that you will not find it helpful.
I misspelled Yorker-ga's name there. I suggest you read again his above comment here.
Regards, Myoarin
Mybe we are not talking about the same website.
Sure, I will admit defeat.
I wish you success with getting a loan.
Myoarin
I agree with you and hope Shoaib reads and understands your comment.
Unfortunately, I expect that your comment will be removed on Monday because you
have included an email address.
Shoaib,
Yorker is without doubt closer to the online lending scene than I am, so I trust his comment that all these websites are just trying to get people to pay them. Even if this is not the case, even if one or the other site is legitimate,
when you ask "can they lend/arrange 100% funding", no one can tell you if they actually will for your project. As Denco has patiently answered many times, all anyone can read from the sites is that they say that they can. Denco's confirmation or explanation of what the sites say they can do is absolutely no assurance that they will lend you money, especially if the condition is 100% financing of the project AND any up front costs.
But to look at the positive side, your insistance on asking about getting funding of up front costs has probably saved you from wasting money by paying someone and then discovering the hard way that they cannot provide the loan.
Regards, Myoarin
From your English style (no complaints), I assume that you are not a native speaker. Perhaps it needs to be pointed out that on a website of the types you have found, including "Commercial Funding International", when the people say "we can" do something, this is no promise that they will or, indeed, that they really can. It is advertising; they want anyone reading the site to think that they "can" do everything. Furthermore, none of these sites are those of actual financers, who will be the people that actually make the decision. These sites of those of brokers, who at best hope that the financers will be interested in taking on a project that comes through the broker's site. These brokers may to some degree help present the information from someone seeking financing, but they cannot EVER promise that a financer will do the deal.
It might also be explained that people with a potentially good project and the experience to make it work, will almost always also have business experience and an existing business which allows them to deal directly with financers. They know that using a broker will cost them more money and know that if they cannot find financing directly by themselves, it is most probably a sign that their project is not attractive to financers.
Having been a banker, I know that financers don't tell people directly that their project is "bad", that "no one will lend you money for this"; they explain politely that at the moment they are not making that kind of loan, or that the project sounds all right, but the bank must have additional security if it is to finance the project 100%.
Both these points relate to "joint venture financing". "Joint Venture" implies that such financing is joining with an existing business operation, maybe helping to finance an additional store, for example. The joint venture financing might cover 100% of the costs for the purchase of the property and construction of the building, but the original store owner would then put his name over the door and operate the store, having demonstrated to the financer with a business plan that the new store will be a money-making operation.
You don't have to accept my simplified description, but I think that if you read the definitions of "joint venture" that you can find by searching with: define:joint venture
you will see that they all point in the same direction: two business entities working together.
I hope this helps you in some way.
Regards, Myoarin
Looking Forward, denco-ga - Google Answers Researcher
If the brokerage association in question, such as Commercial Funding
International, LLC, were to have access to or represent more than one
funding source that provides 50% equity financing, then it could be a
possibility that the brokerage association might be able to arrange
50% equity financing from one funding source and a second 50% equity
loan from another funding source, and meet the financing requirements
you outline.
Looking Forward, denco-ga - Google Answers Researcher
No, I do not believe that Commercial Funding International, LLC could meet
your usual requirements, in specific, the "no fee" need. The following is
from their "Contact" page.
http://www.commercialfundinginternational.com/contact.html
"At execution of the formal Application, a Travel Expense and Application/
Due Diligence fee will be required by our underwriting source ..."
Looking Forward, denco-ga - Google Answers Researcher
You are quite right, I have not provided an answer to the question in you request for clarification. I have tried to explain why any response attempting to answer a question in this form can only repeat what the website says. I used the expression "confirm" to mean repeat, meaning the person answering could only confirm to you that that is what the site says, perhaps confirming that his and your understanding is in agreement. The only way anyone could prove that a site could actually provide the service advertised is by seeing a loan that it made or brokered, information that won't be on the web.
GA Researchers are very careful to answer questions precisely, answering the question as it is stated. Commenters may take the liberty of reading something into the question and commenting on that instead, as I have done, hoping that this adds something to the questioner's understanding of the subject. I truly hope that has been the case here.
Regards, Myoarin
If the brokerage association in question, such as Commercial Funding
International, LLC, were to have access to or represent more than one
funding source that provides 50% LTV financing, then it could be a
possibility that the brokerage association might be able to arrange
50% LTV financing from one funding source and a second 50% LTV loan
from another funding source, and meet the financing requirements you
outline.
Looking Forward, denco-ga - Google Answers Researcher
If you have remarks, etc. for a comment, you should place that remark in
the comment area. Thanks!
Looking Forward, denco-ga - Google Answers Researcher
It sure seems like you have found a site that does include all brokerage and commission charges in the funding by the lender. Congratulations!
Good luck with your project, Myoarin
"No, I do not believe that Commercial Funding International, LLC could meet
your usual requirements, in specific, the "no fee" need. The following is
from their "Contact" page.
http://www.commercialfundinginternational.com/contact.html
"At execution of the formal Application, a Travel Expense and Application/
Due Diligence fee will be required by our underwriting source ..."
Denco researcher in response to your above statement I agree for the above mentioned costs for real estate projects but please note that if "only" Equity participation is involved but if that international finance brokerage company can arrange 100% joint ventures financing for real estate projects then in this special situation joint ventures partners would provide financing or loan to pay for "all of the closing costs" associated with the purchase of real estate projects for commercial investment and borrower has to pay nothing for purchase of real estate projects for commercial investment. Denco researcher please provide "clarification" of my above mentioned statement and thanks and best regards from Shoaib.
"In that regard, Commercial Funding International, LLC ("CFI") is not a Lender but is a small, boutique firm based in Portland, Oregon. We assist clients with traditional financing requests but our unique market niche is to help clients with "harder to fund" projects. Even though the funding request may be more challenging, we roll up our sleeves and go to work to secure the best rate and terms for that specific project, given its overall risk assessment.
The major advantage of working with a small company like ours is that we are dedicated to giving you individualized, personal service to achieve project funding. To expedite the process, we offer you a working relationship with a firm dedicated to persistence and flexibility, where it is not unusual to "think outside the box". Our creative team can process your file, do the risk analysis, pre-qualify your project with the appropriate Lender/Investor, and then do the underwriting and final packaging work required to help get your project funded".
so therefore the above mentioned information indicates that this international finance brokerage company has the capability to arrange 100% joint ventures financing for real estate projects of minimum US$ one million for commercial investment and this international finance brokerage company can also arrange unsecured/signature business/personal loans or working capital loans to pay for "all or any of the costs(including any or all of the costs of its fees)" associated with the purchase of real estate projects for commercial investment. Denco researcher please provide "confirmation" about my above mentioned statement and thanks and best regards from Shoaib.
I agree that Commercial Funding International, LLC states they can arrange
joint venture financing and 100% loan to cost (LTC) loans.
I have not found a statement on their website that explicitly states that
any joint venture financing would be 100% loan to value (LTV) or LTC, and
I have not found any statement, including your reference to the "Some of
the services offered ..." phrase, that would indicate that any financing
they arrange would include "all or any of the costs" associated with the
purchase of real estate for commercial investment.
If Commercial Funding International, LLC usually would arrange unsecured
or signature business/personal loans or working capital loans, I would
think they would have been more explicit is stating such.
Joint venture financing would probably be the product that they offer that
could possibly address your usual needs.
Looking Forward, denco-ga - Google Answers Researcher
I would not begin to speculate on the comments or non-comments of others.
As to my statement: "If the brokerage association in question, such as
Commercial Funding International, LLC, were to have access to or represent
more than one funding source that provides 50% equity financing, then it
could be a possibility that the brokerage association might be able to
arrange 50% equity financing from one funding source and a second 50%
equity loan from another funding source, and meet the financing requirements
you outline."
There is no website that will outline every possible finanacing arrangement,
and the above is just one finanacing arrangement that MIGHT be possible. I
did not and do not make any assessment of the probability of any such type
of arrangement being made.
You continually ask if one type of finanacing or another is POSSIBLE, and the
answer to that question will be, at least from me, to the affirmative, as it
is my experience that lots of things are possible.
Frankly, in your situation, I doubt very much that you will ever find a lender
that will take the chance on your usually proposed project.
With a properly written and dynamic business proposal and plan you might be
able to find some "angel" financing, but there is no easy path to that.
Looking Forward, denco-ga - Google Answers Researcher
"If the brokerage association in question, such as Commercial Funding
International, LLC, were to have access to or represent more than one
funding source that provides 50% equity financing, then it could be a
possibility that the brokerage association might be able to arrange
50% equity financing from one funding source and a second 50% equity
loan from another funding source, and meet the financing requirements
you outline",
Please note that I am satisfied with your above statement but I also want to know that from where you have located the above mentioned statement please provide the website or webpage address in which your above mentioned statement is written so as to confirm your above mentioned statement ?? Thanks and regards from Shoaib Sarfraz
Looking Forward, denco-ga - Google Answers Researcher
Your original question was about CFI, so a question about CMG is beyond the
scope of the original question.
Looking Forward, denco-ga - Google Answers Researcher
Looking Forward, denco-ga - Google Answers Researcher
I have answered Question ID: 746015
http://answers.google.com/answers/threadview?id=746015
Looking Forward, denco-ga - Google Answers Researcher
INTERNATIONAL BARTER ? BUSINESS,
B-2-B Customer-Communication-Center
& Pricing Agency Limited
WORLDWIDE LOANS FROM ESTABLISHED LENDER -
USD$1 MILLION MINIMUM--Bulletin #360
We are correspondents with a well established lender who has a track record of making several thousand loans to clients worldwide since 1980. Their sources of funds, to make loans, are AAA rated banks all over the world and especially in Europe. Funds used for loans are clean and cleared. This lender is interested in arranging loans to clients worldwide which we refer to them.
Terms & Conditions:
Minimum loan amount is USD$1 million. There is no maximum.
Loans are made for either three, five, seven or ten years.
Current loan rate is 4.8% per year, paid annually in arrears.
Principal is repaid at the end of the loan term.
This lender will make loans for all kinds of purposes including real estate acquisition, construction and development, business expansion and acquisition, start-ups, all types of industrial and commercial loans, special projects like movie production and mining. They will make loans for all types of humanitarian projects and even loans to governments and banks.
Loans are made worldwide. There are no geographical restrictions.
Loan applicants are not required to provide any collateral. This lender uses Credit Insurance at a cost of 2.9% deductible from the loan amount. Credit Insurance is provided by APIB-Lloyds in London.
Loans are made to virtually all loan applicants The only ones rejected are those who are found to make fraudulent statements in their Executive Summary, Business Plan and cash flow projections.
Normal time to funding is 30 to 60 days after receipt of the loan application and associated documents.
In some cases, the lender will find it more expedient to guarantee a loan with Bank Guarantees instead of Credit Insurance. This is worked out case by case with each loan applicant. Bank Guarantees are provided by this lender?s sister company.
If you wish to apply for funding from this lender, please send the following documents to International Barter-Business Ltd. by priority mail or courier. We will accept applications as e-mail attachments only if ALL documents are sent together in one e-mail attachment.
1. Loan Application addressed to International Barter-Business Ltd.
2. A well prepared concise Executive Summary and/or Business Plan with statistics. The lender wants to know the purpose of the loan, the loan amount needed and how you intend to repay the loan. When seeking to fund profit-making projects show cash flow projections for three years or longer. Later in this bulletin we give suggestions on how to properly prepare an Executive Summary and Business Plan. All documents must be in English and typed, preferably in 14 point font. Do not send handwritten documents or documents that are not in the English language.
3. The borrowing entity must be a Special Purpose Company*, please send a copy of the Registration Papers of the company.
4. Enlarged color passport copy of the company director or signatory who will sign the loan agreement and will be responsible for the repayment of the loan.
5. Send a Corporate Resolution in which the loan application is authorized and a signatory is appointed to act for and in behalf of the company.
6. C.V. (Curriculum Vitae) of the director or signatory. (A C.V. includes a brief life history, job history, and summary of your achievements and skills.) The Internet has many sites which show how to properly write a C.V.
7. Letter of Intent--This is a brief document on the borrower?s letterhead with all contact details including name, mailing address, phone number, fax, if any and e-mail address, if any. See sample inside this bulletin. The LOI is addressed ?To the Lender? requesting the loan amount and the loan term (length of loan) and describing in one sentence the purpose of the loan.
8. When International Barter-Business Ltd. receives all of the above mentioned documents, properly prepared, the funding procedure is started which includes getting all documents to the lender, contact with the Credit Insurance Company and the Funding Bank. The lender will contact the borrower to negotiate the terms and conditions of the loan.
information in its result page :
Commercial Funding International, LLC- Commercial Real Estate ...We
provide funding for commercial real estate, 100% joint venture
funding, international and project financing, and venture capital.
so therefore Denco researcher it means that above mentioned
international finance brokerage company can arrange "100% joint ventures finance" for commercial investment ?? Denco researcher please provide clarification of my above statement and thanks and
best regards from Shoaib.
Denco researcher you have indicated above it is possible that "any one" international loan and fnance brokerage company for example above mentioned Comercial funding international LLC loan and finance brokerage company can arrange "50% LTV loan from its one funding source AND 50% LTV loan from its another funding source" for purchase of SINGLE residential property
for commercial investment and I am "satisfied" with your above answer but please note that second part of my above question is I also want to know that is it also possible for that "any one" international loan and fnance brokerage company for example above mentioned Comercial funding international LLC loan and finance brokerage company to also arrange "50% EQUITY financing or loan from its one funding source AND 50% EQUITY financing or loan from its another funding source" for purchase of that SINGLE residential property for commercial investment so as to pay for "all of the closing costs" for purchase of ONE residential property for commercial investment ?? Denco researcher thanks for your above help from Shoaib.
731282 for photos of four Moons of Mars planet as stated above for its
answer so therefore if possible please provide its answer and thanks
for that help from Shoaib.
http://www.globalfinancenetwork.com/loan_application.htm
international loan and finance brokerage organization can arrange "50% LTV mortgage loan from its one funding source AND 50% LTV mortgage loan from its another funding source and 100% joint ventures financing in the form of Equity without personal guarantees and working capital or/and unsecured/signature business/personal loans for purhase of residential real estate projects worldwide for commercial investment ??
Denco researcher I have asked that mentioned question from you in this question ID because you had provided to me the answer of that global international finance network organization in my previously posted question ID and thanks for that help from Shoaib.
Sorry, but at this time I do not have the time to work your questions.
Looking Forward, denco-ga - Google Answers Researcher
http://www.commercialfundinginternational.com/alternative-financing.html
it is written that :
"Business Loans - CFI can help businesses in the lending
process for commercial expenditures. This extends from financing
commercial real estate to acquiring SBA financing for business
development".
so therefore Denco researcher I also want to know that what is the meaning of above mentioned statement ? Thanks for that help from Shoaib.
"We provide a variety of services for individuals and businesses, finding money outside the traditional lending community. This usually involves offering cash for all or a portion of incoming payments or finding money for a purchase. "SOME" of the services offered are listed below: ETC.
Denco researcher it is also written in the above mentioned webpage address that "Business Loans - CFI can help businesses in the lending process for commercial expenditures. This extends from financing commercial real estate to acquiring SBA financing for business development".
Denco researcher you would notice above it is written that only "SOME" of the services are mentioned in that webpage address so therefore it means that above mentioned international finance brokerage organization can arrange unsecured/signature business/personal loans or working capital loans to pay for "all or any of the costs" associated with the purchase of real estate for commercial investment. Denco researcher please provide 'confirmation' about my above mentioned statement and thanks and best regards from Shoaib.
I have seen (and, I think, commented on) some of your other questions here over the last year. As Myoarin-ga has written, the unfortunate fact is that the services you are looking for (someone to lend you all the money you need to purchase property) are simply NOT going to happen. Not ever. I'm sorry to have to be the one to tell you this, but it is the truth.
The "official" Google Answers researchers like denco-ga have all been very polite, and are being very careful in what they write, but the fact is that ALL of the sites you have been referring to this past year (including commercial funding international, the Highlander Club, and the others) are ALL just people trying to trick you. They do NOT have any money to lend you, they do NOT know any real investors, and their web sites are only designed to fool you into thinking that they can get you 'free money'.
The way the trick works is that their web site says things like "100% joint ventures financing to pay for all of the closing costs" but then hidden in another place they admit "At execution of the formal Application, a Travel Expense and Application/Due Diligence fee will be required by our underwriting source ..."
The trick here is that EVEN if they COULD arrange the "100% joint venture" (which they CANNOT, because they are people who are just trying to fool you!), the costs they would pay are the CLOSING costs at the END of the transaction, but they require that YOU pay the "Travel Expense and Application/Due Diligence fee" (which is money that THEY get from YOU) at the time you "submit the formal application"!
So the trick works like this: YOU pay THEM the fee at the beginning, and then they tell you that for some reason they cannot find you a joint venture partner (note that nowhere on their site do they ever promise in writing that they WILL find you a partner or investor), and then THEY keep YOUR money, YOU never get ANY money from ANYONE, and it is all legal.
I wish I could tell you that there were honest, legitimate people to do what you so much want to find, but those people just do not exist. Instead, you will find over ten million (!) pages on Google if you search for the term "free money", and EVERY SINGLE ONE OF THOSE is just trying to to steal YOUR money.
The only way you are going to be able to make the money you want is for you to work hard yourself without borrowing money (unless it is from someone you know, like a family member.) There is a well-known expression in English that "there is no such thing as a free lunch", which simply means that nobody is going to give you or lend you money for free.
It is obvious, however, that you are very ambitious and very determined to work hard and make money doing business. There is a good book that you can find on Amazon.com that might help explain to you how investors work: "Investors in Your Back Yard", which can be found at this link: http://www.amazon.com/gp/product/1413304206/103-8335890-7167838?v=glance&n=283155
Good luck with your business efforts, and if you would like I can try to answer more of your questions if you either post another comment here (so that helpful people like myoarin-ga can also participate in the conversation) or write me directly at angelinvestor@gmail.com.
"In some cases, joint venture financing may be the only way to get the project funded.
Joint Venture Financing - A Specific Solution
Joint Venture Financing can be a complicated method to structure and it is not appropriate for all projects. We can look at your specific situation to see if a joint venture is a viable means of finance. When it does makes sense, we will advise our clients appropriately, and our underwriters can help match the right Lender/Investor to the project".
so therefore Denco researcher the above mentioned information means that 100% joint ventures financing is possible for real estate projects for commercial investment AND please also note that "minimum" international real estate loans of the above mentioned international finance bokerage company is US$ ONE million for commercial investment as indicated in its following webpage address of http://www.commercialfundinginternational.com/real-estate.html Denco researcher thanks for above help and I am looking forward to hearing from you.
I will be very happy to be entirely wrong, when I hear that you have actually had the loan approved. For the present, I can only wish you success. Regards, Myoarin
Your original question notes that the financing should "pay for all of the
closing costs" and although it appears that Commercial Funding International
can arrange joint venture financing and 100% loan to cost (LTC) loans, and
they possibly can do a combination of the two, I have provided a link to show
that there would be costs associated with their process that might not be
covered by the financing.
Looking Forward, denco-ga - Google Answers Researcher
It appears that Keystroke-ga has already put in some work on the above
question, so I would not want to step in while Keystroke-ga is doing so.
Looking Forward, denco-ga - Google Answers Researcher
This is beyond the scope of the original question.
Looking Forward, denco-ga - Google Answers Researcher
Commercial Funding International, LLC- Commercial Real Estate ...We provide funding for commercial real estate, 100% joint venture funding, international and project financing, and venture capital.
so therefore Denco researcher it means that above mentioned international finance brokerage company can arrange above mentioned joint ventures finance for commercial investment ?? Denco researcher please provide confirmation about my above statement and thanks and best regards from Shoaib.
I didn't want to come back to this question, but Denco's clarification to your last proposal about having your loan included with a larger loan needs more emphasis where it says: "and they would be willing to incorporate your proposal ..." True, but that is NOT going to occur, it simply will not happen that another borrower includes your project in his credit request. Getting a credit approved for one project is difficult enough; no one would risk having his project complicated by an including an entirely separate project over which he had no control. Sorry, I just don't want you to have an false hopes.
Regards, Myoarin (ex-banker and credit analyst)
Even though they have the phrase "100% joint venture funding" within their
HTML, Commercial Funding International, LLC does not state that visibly on
their website, so I think it would be a mistake to assume they can make any
such arrangements.
I agree there is always the possibility that joint venture financing will
pay for all of the closing costs of financing, but again, this is not
something that one can assume.
Looking Forward, denco-ga - Google Answers Researcher
provided the response or answer of the above mentioned information
about international Barter business business loan and finance
brokerage company arranging loan and finance according to the terms
and conditions mentioned in my above clarification so therefore if
possible for you then please also provide the response or answer as
stated above ? Note : Myoarin-ga commenter if you do not provide to me response of my above clarification then it means that you have been defeated and I have become victorious. I am looking forward to hearing from you.
Perhaps another researcher would be willing to work Question ID: 731000
Looking Forward, denco-ga - Google Answers Researcher
The following statement is fairly self explanatory.
"Business Loans - CFI can help businesses in the lending process for
commercial expenditures. This extends from financing commercial real
estate to acquiring SBA financing for business development."
The "SBA" referenced is the "Small Business Administration."
http://www.sba.gov/
Looking Forward, denco-ga - Google Answers Researcher
It really gets down to the general appeal of the question, the amount
that I come away with from answering the question, whether I feel there
are going to be excessive requests for clarification, my schedule of
open periods of time, or lack of the same, plus other things that I use
to consider whether I attempt to answer a particular question or not.
Looking Forward, denco-ga - Google Answers Researcher
If you could find another person/borrower seeking financing for a $9M or
larger project, and they would be willing to incorporate your project of
$1M into their project, then it would appear that Commercial Funding
International, LLC would consider such a project.
Looking Forward, denco-ga - Google Answers Researcher
To start, First Broker Financial does not yet have to have broken the law to be a questionable website.
Now to the new website that you have mentioned: Capital Management Group, CM-group.com. This website was established on 9 February 2006, will expire on 9 February 2007, and it as all contacts in Tanzania, Africa. http://who.securepaynet.net/whois.aspx?domain=CM-GROUP.NET&prog_id=shost
Registrant:
Respicius Tibazarwa
Mikocheni
Dar es Salaam 32462
Tanzania
Registered through: Superior Host International
Domain Name: CM-GROUP.NET
Created on: 09-Feb-06
Expires on: 09-Feb-07
Last Updated on: 09-Feb-06
Administrative Contact:
Tibazarwa, Respicius tibaz@raha.com
Mikocheni
Dar es Salaam 32462
Tanzania
255744310076
Technical Contact:
Tibazarwa, Respicius tibaz@raha.com
Mikocheni
Dar es Salaam 32462
Tanzania
255744310076
Domain servers in listed order:
PARK3.SECURESERVER.NET
PARK4.SECURESERVER.NET
There apparently is a "Capital Management Group" in Anaheim, CA, as this site shows: http://maps.google.com/maps?oi=map&q=934+S+Flintridgeway,+Anaheim,+CA
But, surprisingly, when you click on it, it only shows a link to a different website: cashadvance101.com
If it were the same outfit as cm-group.com, it would certainly have shown that website. cm-group.com's website looks funny. All the graphics look like they have been scanned in, that is "borrowed" from somewhere else. Also, the press release dates for 2004, and even more suspicious, the "Management Update" is from June 2002. You mention that you knew of this Capital Management Group before the website cm-group.com was established, and also speak of its "worldwide loan and finance brokerage organization". I didn't find "worldwide" on the site, but may have missed it. And you repeat the phrase just quoted. Are we talking about the same outfit: cm-group.com? Or has that "CMG ..." now disappeared? That would suggest that it was not very successful, at least as an ongoing concern. I have to recall Yorker's comments about financial brokers.
I certainly wouldn't deal with an outfit registered in Tanzania. I also have to suspect that cm-group.com would insist on providing a business plan or needs analysis, and from the way it looks, would ask for payment in advance.
I am sorry that I cannot support your impression that this site could find you a loan.
Regards, Myoarin
The bottom line is that most any lender or funding source is going to want
to know what other financing is in place for the proposed project.
That said, there is always the possibility, however doubtful, with the right
negotiations that a 50% LTV loan might be obtained from one source, with
another 50% LTV loan being obtained from another source.
Looking Forward, denco-ga - Google Answers Researcher
I am glad that you have seen Yorker's comment, since it will probably disappear when people wake up in California.
No, I haven't accepted defeat, but in trying to be polite, I feel there is a limit to how far I can go in trying to explain why I don't think you have any chance of getting a loan for your project in any form.
As mentioned in Yorker's and my comments above - and also in response to some of your other questions - many, if not most, of these sites aren't serious. Yorker thinks that none of them are. But even if they are, all their claims about being able and eager to lend 100% loan to value are advertising; you are not the only person who would love to find 100% financing, but that is not the way lending usually works. Denco or anyone else can only repeat what the sites say, so when you ask for confirmation that they "can" lend, this can only be answered by agreeing: "Yes, maybe, they say so," and in some cases being about to point out all the information about your project and yourself that they will insist on having, such as you have listed in your long clarification above. The other sites - if they are serious - will ask for much the same information, even if this cannot be seen immediately on the pages of the site. As a retired bank credit analyst, I know a bit about how banks look at loan applications; they want to know who you are, what your experience is, details about the project, and what their security will be. A 100% financing for an entirely new project is extremely difficult to find, virtually impossible to find for a borrower who does not have experience - a successful track record on other projects - and who cannot immediately demonstrate that he is very familiar the details of borrowing and how the project will be managed.
From your questions, it does not seem that you have such experience.
As to your last clarification, asking about Denco's earlier statement, I assume that it is based on experience - and agree - but again, the possibility of this occurring does not say that you can find such parallel 50/50 financing. It is, indeed, rather unlikely, because one loan will be secured by a first mortage on the property, while the other will be secured by a second mortage. This means that if the project had difficulties and the property must be sold, the holder of the first mortgage would get repayment of his claim before the second lender got anything. The weak position of the second lender, makes it very unattractive for anyone to take the risk, therefore my feeling that such 50/50 financing is very unlikely.
I hope you understand.
Denco has be extremely conscientious with answering your questions, definitely going beyond the effort suggested by the price. As I have mentioned above, the form of your questions, asking if a site "can" supply financing, does not allow an answer that really gives you more information than you can find on the site yourself. That is not very helpful, and perhaps a bit frustrating for you, but it is all that can said, unless someone can demonstrate that a website has all the obvious marks of a scam, which is important but negative additional information. No one can tell you if a broker or a lender with a site on the web WILL actually lend you money. As Yorker has pointed out, if you contact the people, they will probably lead you on, making you hope that they can help you, but at some point they will want money FROM YOU, before and without waiting to see if the loan will be made. They are in business to make money, even if they are honest, and want payment for their work, as you discovered on another question.
Experienced people with a good project and track record don't need website brokers and financers to get their loan. They know banks and other lenders who know them and their experience, lenders who have already worked with them.
Sorry, if I sound discouraging, but I think it is only fair to give you my opinion so that you can understand a little better what you are up against in your effort to find financing.
Regards, Myoarin
I agree that Commercial Funding International, LLC states they can arrange
joint venture financing and 100% loan to cost (LTC) loans.
I have not found a statement on their website that explicitly states that
any joint venture financing would be 100% loan to value (LTV) or LTC, and
I have not found any statement, including your reference to the "Some of
the services offered ..." phrase, that would indicate that any financing
they arrange would include "all or any of the costs" associated with the
purchase of real estate for commercial investment.
If Commercial Funding International, LLC usually would arrange unsecured
or signature business/personal loans or working capital loans, I would
think they would have been more explicit is stating such.
Joint venture financing would probably be the product that they offer that
could possibly address your usual needs.
Looking Forward, denco-ga - Google Answers Researcher
#If you have any other info about this subject , Please add it free.# |