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Are you marketing to your exisiting database? - 03/21/08 08:51 PM
One of the more cost effective marketing techniques available is a blast email.  It is possible to use ACT! to generate a template newsletter an send from your own account.   The main problem with this is the activity can get you tagged as a spammer.   That's really what you are doing, but you don't want your personal or work email account to start getting flagged by your recipients spam guard.  Further, there are regulations that you have to be aware of with regard to unsolicited email.
There is a great solution.  A third party service will allow you to upload your contact list … (1 comments)

Too many individual loans holiding you back? - 03/19/08 05:17 PM
Do you know any investors/ builders who have a ton of single family homes they have rented out but cannot obtain additional holdings due to fico/fnma restrictions?
How about a condo developer who had to resort to renting out the balance of his project?
A new loan program that I offer will provide a perfect solution! 
The progam is for investors of multiple residential properties (5 or more) where the total loan size is between $500,000 and $5,000,000.  WE CAN DO FRACTURED CONDO'S ON THIS AS WELL!  This allows the seasoned investor who owns 10 rental properties to put all the properties into one loan, … (1 comments)

Construction to Permanent Multifamily Loans - 03/07/08 03:30 PM
One of the best options in the multifamily financing (5+ units) arena is the FHA construction to permanent loan program.  The program has may benefits and really only one major drawback.
The benefits are numerous.  The loan amount is up to 90% of the cost of construction.  The developer can include the developer fee in the 10% down further reducing the cash up front needed.   The majority of the construction cost such as architectural, engineering, financing fees are just a few examples of what can be financed in the loan. The loan is non-recourse in both the construction and permanent phases.  Once the loan converts … (1 comments)

Difference in cost of obatining financing in commercial vs residential - 03/06/08 02:05 PM
 I often get a lot of questions on why commercial loans are typically more expensive both in rate and fee's and cost.  I thought a brief run down on the reasons might shed light on the subject if you are considering your first commercial/investment loan.
 Rate:
Commercial rates are almost always higher than residential for the same borrower with the same profile. The central reason is the risk.  The risk in a commercial project has historically been greater for a bank than single family homes.  The prospect of disposing of a commercial property sitting empty for a long time is a significant risk to … (2 comments)

 

Douglas W. Dowell, JD

Lees Summit, MO

More about me…

Eagles Flight Commercial Capital, Inc.

Office Phone: (816) 875-3670

Cell Phone: (816) 337-2570

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