Short answer. Yes. Bulk REO package deals with banks are happening. Mostly in the several hundred thousand dollar to several million dollar range with 3-15 properties.
But, even these packages aren’t all that common. You can still be successful. You keep trying until you get a real source that can validate his/her claims.
Find REO's and make
CASH NOW.
The huge majority of REO deals with most banks are onsey and twosey and are happening with everyday investors like me and you.
However, if you have access to Bank officers, Disposition Managers, Hedge Funds and Private Equity firms directly you can be successful in the creation of better wealth through larger packages. Remember, personal relationships are the key to almost any successful business. Especially in the Real Estate/Investing world. You better have contacts. Real contacts not just a Broker in a chain of brokers that says he knows a guy that has a contact that is direct to the banks. Beware of this type of broker. Or should we say Hack. Don't get me wrong everyone wants to make money either buy a referral or representing a buyer directly. But you have to ask yourself is this just a broker referring a broker...and so on.
If you are a serious Investor or have a direct relationship with a serious Investor then give us a call.
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We are a major project funding source with many projects that have been pre-approved and are in need of Interim Finance to complete these projects.
We are seeking a reputable, reliable Bridge loan provider.Please see the following point form information on the interim finance we are looking for.
1.There are approx 12 deals in limbo right now looking for interim finance.
2.These deals Range in needed Bridge capital from $500,000 - $5,000,000
3.Hold times are from 12 to 18 months
4.These deals have been pre approved by a large trust for project finance but need the interim financing for soft costs such as attorneys fees and entitlements.
5.Structure could be mezzanine style with a possible negotiated equity position after reimbursement of investment capital
6.Payout to happen from the trust, out of escrow when project is funded
7.The Trust is looking for a Quality interim finance partner to work with on a long term basis with many projects in the future
These projects are primarily Energy type of projects. Some of the projects may or may not have MAI appraisal.There are assets that can be securitized and Commitment letters from the Trust.
My business associates and I are actively seeking projects in biomass power, wind power, oil and natural gas. We are a well connected group of individuals with direct ties to some of the largest financial institutions in the country. If your project is viable, and supported by the appropriate documentation, we could offer you a wide variety of financing options.
We offer an off-balance-sheet project financing program which will allow you to finance 100% of your projects cost. This is also known as services agreement financing or contract financing and allows us to fund against your projects payment stream. Minimum financing amount for project financing is $10 million dollars with no maximum.
If your project has: a stable customer, sales contracts, PPA, PA, Power Purchase Agreement, lease contract, rent rolls, government contracts, letters of credit (LC), Standby letters of credit (Standby’s, SBLC’s, SLC’s), Bank Guarantee’s (BG’s), Bank Instruments, Promissory Notes or other Financial Instruments, these can all be used to securitize your project for financing.
We have lenders (Hedge Funds, Trusts and Contract financing) that are looking to fund profitable projects $100 million or above. 100% financing available for the following project categories: Energy, alternative energy, Windmill, Solar, Hydro, mining, Recycling. Humanitarian, environmentally friendly (green) and casino projects preferred. Any profitable project will be considered. No residential real estate with the exception of large Rental Projects.
A recent partnership between a commercial business and a government agency could help save area taxpayers money along with helping improve the environment.
Both Henry County and Enterprise were recently approved for $200,000 grants through the governor’s office to help establish bio-fuel programs.
Stephanie Blankenship, the Henry County economic developer, said the county plans to partner with the cities of Headland and Abbeville, along with an Abbeville business called American Bio-Fuels. She said the county hopes to produce a biodiesel fuel with waste vegetable oil from the county’s restaurants, other food services, churches and private donations by residents.
The city of Enterprise plans a similar program, but they will burn the fuel in its diesel equipment and sell the excess to area municipalities, according to a statement from the governor’s office.
Blankenship said the grant money will be used to buy tanks for the waste and a tanker truck to pick up the grease. She said it would likely be a year before the benefits of the program could be noticed.
“It’s a community effort working toward one goal,” Blankenship said. “It’s a great opportunity to show how county and municipal organizations work with the private sector like American (Bio-Fuels).”
Steve Sobrado, the chief operating officer for American Bio-Fuels, said the company plans to design a specific collection tank for Henry County. He said they’re taking “baby steps,” as a commercial biodiesel company with a yearly production of about 2 million gallons.
“Fifty-five million gallons across the country are dumped in the landfill each year, and that’s 55 million gallons of fuel wasted,” Sobrado said. “We can only take on the world one gallon at a time, and we started in Abbeville. Now we’re trying to go from there.”
Scott DeWolfe, the plant manager near Abbeville, said the product goes through nearly a dozen large metal tanks to get the unwanted, old food particles out of it. He said it takes about three to four days to turn 6,000 gallons of grease into bio-fuel.
Biodiesel is a clean burning diesel replacement fuel made from natural, renewable sources, including vegetable oils and animal fats, according to the American Bio-Fuels Web site. DeWolfe said anyone interested in donating their grease to the company could call (334) 585-5147.
“We’re taking waste, and turning it into something good,” DeWolfe said.
Milwaukee, Wis. - Middleton-based C5-6 Technologies and BEST Energies of Madison, both members of the Wisconsin Bio Industry Alliance (WBIA), have received a combined $1.35 million in state grants to develop new bio fuel technologies.
“BEST and C5-6 are two great examples of Wisconsin companies that are on the cutting edge of bio fuel technology development,” said Joshua Morby, executive director of the WBIA. “These grants are an important step in helping these companies bring new, exciting technologies to the market.”
BEST Energies, which operates an eight million gallon per year bio diesel facility in Cashton, WI, received a total of $1 million - $500,000 in grants and $500,000 in loans - to develop and implement technology that will allow its facility to use corn oil from ethanol plants as its feedstock for biodiesel. The corn oil is a co-product of the ethanol process that is unsuitable for use in food products.
C5-6 received $350,000 to help the company develop and commercialize new enzymes for bio fuel production that will allow ethanol facilities to increase the amount of ethanol they can extract from a bushel of corn.
Governor Doyle has awarded over $7 million in total grants in the past two weeks from the Wisconsin Energy Independence Fund (WEIF) to help fund renewable energy projects across the state. WEIF is a ten-year, $150 million grant and loan program designed to make Wisconsin a national leader in renewable energy development and production.
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The Wisconsin Bio Industry Alliance is a diverse group of businesses, environmental groups, and statewide and local organizations that have come together to build both public and legislative awareness of the Bio Industry in Wisconsin.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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