- Name
- Michael Lamerson
- Company
- Help With Bad Credit, LLC
- E-mail
- Contact Michael Lamerson (Help With Bad Credit, LLC)
- Website
- http://www.sblcfinancing.com
- Office Phone
- (734) 765-7598
- Description
- I provide: SBLC, SBLC Financing, Commercial Hard Money, PPP, Credit Repair, FHA, Hard Money, and Commercial Loans. I'm a Private Dealer, Consultant, Webmaster and Internet Marketing Professional. .
About Me:
SBLC Financing will offer Funding on just about any project of $150 million or more with NO DEBT, NO FEES, and NO PAYBACK.
SBLC Financing needs projects to invest in. That's where you come in. We work with Principle Partner(s) and or the Developers and some Brokers. We will provide you with the SBLC Financing you need for your project. Or we will find a Non-Conventional outlet to get the job done.
Here is an example of how the SBLC Funding works for you:
You, the Principle Partner(s) or the Developer needs $150 million for a project. You would get the full $150 million and only be responsible for 30% of the equity projection from the companies Pro Forma. This type of funding is through our SBLC Financing Platform Program. This Platform looks at the project to see if it makes sense. If it makes sense it gets done. The 30% would be from the projected total of the project (ex. 250 mil total, 250 mil x .30 =75 mil total responsible for even though you received 150 mil. This gives you an additional 75m profit).
One thing you need to know about this type of Platform Trade Group is that 1 out of 20 deals get approved. If the project is not tight and right your better off playing the lottery or finding an Angel Investor to get your project funded.
With that being said, don't give up this type of funding for your Project just yet.
The SBLC Financing Team has two programs that will get you the funding you need.
Take a look: http://www.sblcfinancing.com
WHO AM I?
I am one of the top expert authorities on helping people repair their credit so they can buy or refinance a home. I provide: Commercial Hard Money, PPP, Credit Repair, FHA, Hard Money, and Commercial Loans. I'm a Private Dealer, Consultant, Webmaster and Internet Marketing Professional
Over a decade in the mortgage banking industry and one of the most in-demand speakers on the subject, Mr. Lamerson has written two books on the subject. One is called: "Help With Bad Credit Repair" and the other is: "How To Get A Low Fixed Rate Mortgage After Credit Repair, That's Not Based On A Fico® Score." http://www.creditrepairturbocredit.com/.
I'm a partner of a software company called Turbo Credit Solutions, LLC. http://www.creditrepairturbocredit.com/ which is on the forefront of the credit repair business and set to launch a credit repair software program going National by July 2007. This credit repair software is a turnkey program that can be done in the comfort of your own home.
If you are looking for a mortgage that is not based on a credit score please go to my website: http://www.creditrepairturbocredit.com/bad.credit.mortgage.html
I will help you get the financing you deserve.
Mr. Lamerson is a real credit repair specialist and mortgage banker and has reviewed hundreds of thousands of credit reports in his career. He can be reached at: http://mailto:turbocredit@sbcglobal.net.
Again, I'm a Private Dealer and Consultant. I work with and private group of commercial hard money, hard money, private money, hedge fund and commercial joint venture equity funders. Our minimum loan amount is $150,000,000.00. I act as a Facilitator for clients to the group. I know for a fact, nothing is set in stone till the deal closes as do you. But, you will be in total control when it comes to accepting the offers that will come. What they will be I have no idea, but you will be the first to know. At that point you take the deal or walk... it's that simple.
I will need from the Principle or Developer:
1. Signed NCND
2. Signed Facilitator Agreement
3. LOI
4. Joint Venture / Equity Funding Pre-Qualification Sheet
Documents needed before submitting your project. I need all of the following in PDF Form (No 50 Page Plus Documents, No Exception.)
5. Executive Summary (up to 10 pages)
6. Precise Use of Proceeds (up to 10 pages)
7. Pro Forma - with all debt service removed/interest reserves (Up to 10 pages)
8. Strong resume supporting the individual(s) doing the project (up to 5 pages)
Note: All docs should be to the point and simple for streamlining purposes
After getting your information I'll submit your project and then I will be in touch as soon as I hear something. Please scan and email all documents to sblcfinancing@gmail.com
If you are a Broker...I will send a different agreement out to secure your interest in the project.
LEGAL/PENALTY NOTICE!
This blog is not intended as a solicitation to customers in any jurisdiction in which we are not authorized to operate. We are not Certified Financial Advisors, Securities Brokers or Stock Brokers. We are business consultants and intermediaries who provide advice to private individuals on or about business matters.
Areas of Expertise
I specialize in all kinds of finance programs, i.e. refinance loan, home equity loan, grant loan, commercial mortgage commercial hard money, hard money and private money loans. I also offer to my clients the best credit repair program out there from TurboCredit®. I love to help people out who have ran into some hardship. Why you may ask? It's simple... everyone need a second chance. Unless you've been there you don't understand the stress and hartack that comes along with the hardship. I've been there and have swarn to be the man to help the people.
That's why I specilaze in credit repair. You may not be able to get the loan now, but I'll show you how to get it 30 - 60 days. And you'll get a low fixed rate mortgage that not based on credit score. Purchase loans or refinance loans, I can get it done for you.
What are my areas of expertise you may ask... here you go:
LOOKING TO PURCHASE? No Gimmicks! No Hassles! At Turbo-Mortgage, we have arranged for qualified home buyers to receive FREE DOWN PAYMENT grant money through a national non-profit organization. You will never have to pay it back. Call or email me today for more details!
***EXCLUSIVE OFFER*** Get a FREE CREDIT REPAIR PROGRAM from TurboCreditTM. This Product retails for $39.95 PLUS S&H. If you are in the market to pruchase or refinance a home, we are offering the credit repair software FREE when you make an aplication with Turbo-Mortgage!
LOOKING TO REFINANCE? GET THE "NO CREDIT SCORE TURBO-MORTGAGE!"
NO CREDIT SCORES NEEDED! FREE CREDIT REPAIR PROGRAM FOR HOMEOWNERS!*
Compared to conventional guidelines, the No Credit Score Turbo-Mortgage Loan credit criteria allows you to have more monthly expenses and overall, the No Credit Score Turbo-Mortgage Loan is more forgiving of unfortunate circumstances in people's past credit histories.
· LOW FIXED RATE
· NO PRE-PAYMENT PENALTY
· ESCROW YOUR TAXES & INSURANCE
· TWO YEARS OUT OF A CH 7 BANKRUPTCY, OK
· ONE YEAR IN A CH 13 BANKRUPTCY, OK
· ONE YEAR IN CREDIT COUNSELING, OK
· CASH OUT FOR ANY REASON
· PAYOFF 1ST & 2ND MORTGAGE
· CONSOLIDATE DEBT
· SOLVE CREDIT PROBLEMS
· FREE CREDIT & INCOME ANALYSIS
· FIRST TIME HOMEBUYERS
· 0% - 3% DOWN PROGRAMS
· FREE DOWN PAYMENT GRANT MONEY
· EVEN WITH LESS THAN PERFECT CREDIT
ATTENTION BUSINESS OWNERS! GET THE CASH YOU NEED NOW! Turbo-Mortgage has the best Commercial Mortgage programs. We offer a full line of commercial mortgage lending and servicing solutions to all commercial investors and developers across the nation. With a full suite of products and services, we will serve virtually any commercial real estate need.
COMMERCIAL MORTGAGES WE SPECIALIZE IN:
· Solving Your Credit Problems
· Bank Turndowns
· Stopping Foreclosure
· Bankruptcies
· No FICO Need!
· Consolidate Debt
· Pay Delinquent Taxes
· Payoff Land Contract
· Balloon Payoff
· Cash Out
· No Income Verification
· Stated Income
COMMERCIAL PROPERTY WE CAN HELP YOU WITH:
· Apartments
· Retail
· Industrial
· Office
· Restaurant
· Mobile Home Parks
HARD MONEY! PRIVATE MONEY LOANS!
"WE HAVE MILLIONS OF OUR OWN MONEY TO LEND"
· Bankruptcys
· Foreclosures
· Vacant Land
· No FICOS Needed
· LTV'S Up To 70%
· Purchase or Refinance
· Same Day Answers
· Competitive Rates & Terms
Just call, each private loan is underwritten on case by case bases. All based on appraised value.
TURBOCREDIT® FINALLY... CREDIT REPAIR MADE EASY TurboCredit® provides the tools that can help consumers lower interest rates and get approved for home loans, auto loans, credit cards, etc., while getting the accurate credit report they deserve by law. TurboCredit® helps consumers improve credit scores by helping to remove fraudulent, inaccurate and erroneous information such as late payments, collections, charge-offs, judgments, and inquiries, etc. TurboCredit® also specializes in fighting identity theft issues an issue that affects millions of Americans.
TurboCredit® is a software program designed to challenge and dispute negative items, fraudulent items and mistakes that appear on their credit report. TurboCredit® helps consumers get the most up-to-date and current credit report possible while maximizing and improving credit scores. TurboCredit® features the TurboDispute Generator which generates dispute documents for Transunion®, Experian® and Equifax® in minutes. TurboCredit® also includes TurboStop®, an interactive software document that will legally stop the harassing and annoying calls from the creditors.
TurboCredit® helps the law work for consumers by helping to ensure that information is accurate and verified and that any verified inaccuracies are removed from the credit reports as defined in the Fair Credit Reporting Act (FCRA).
TurboCredit® is the perfect tool for financial professionals such as mortgage and real estate professionals, who need to improve their clients' credit score. Whether their client only needs a couple points to get approved for the loan or over a hundred points, TurboCredit® is designed to help your clients.
TurboCredit® is available for $39.95, comes with a 30-day money-back guarantee and is available at http://www.turbocreditsolutions.com/.
Commercial Hard Money
We Underwrite Direct for our Private Lenders Nationwide. We arrange private money loans for Raw Land, Bridge Loans, industrial properties, unusual properties and more. If you are looking for private money, our funding time averages 45 days. Our program consists of "Hybrid Lenders". This term refers to providing private money at bank interest rates or better. Complicated lending is our specialty. We fund private money loans from $1Million to $1Billion. The documentation needed is typically swift and uncomplicated. Our Private money loans are generally interest-only loans.
It's easy to qualify! We focus mostly on Asset Based and collateral value of the real estate. We are very creative and can move quickly. Additionally, we will work with All brokers. Our Hybrid funding can fund deals others cannot. If you are a broker with deals you cannot place and need help, please contact us directly for details on our private money co-broker and referral programs.
Our approval process is simple and in most case depending on the program, we can provide a preliminary approval the same business day.
It's easy to qualify for a commercial hard money loan! We focus mostly on collateral value and the fundamental value of the real estate. We are very creative and can move quickly. Additionally, we do work with brokers. Our Hybrid funding can fund deals others cannot. If you are a broker with deals you cannot place, please contact us directly for details on our private money co-broker and referral programs.
Our approval process is simple and in most case depending on the program, we can provide a preliminary approval the same business day.
Loans in our Finance Suite are typically for loans under 2 million.
There are 4 basic loan programs which a client may fall under and they are outlined as follows:
Conventional/Hybrid Lending Rate- Usually the credit worthiness and overall financial strength of the client either meets or exceeds standard guidelines. Rates could very between 6%-8% interest only for 12-36 months in most cases.
Private Lending Rate- Usually the overall strength of the client is less then satisfactory for the lender to commit to a favorable interest rate, but the feasibility of the deal is very strong. Rates for this type financing may very from 9%-16% interest only for a period of 12 months.
Subsidized Security Lending Rate- Usually the security is lacking in value and therefore it is necessary to provide leverage in the form of bank guarantees to make up the difference in security and provide for a more collateralized value loan. Rates for this type of financing can very from 7%- 16% depending upon other strength factors.
Our team of Direct Funders is made up of Private Financers who are called "Hybrid Lenders". This term refers to providing private money at bank interest rates or better. Underwritings primary objective is to group their lenders based upon the strength of the deal they are underwriting, the lender will then dictate their individual terms to the client in the form of the term sheet, and or commitment agreement. Interest rates will often very depending on credit worthiness, financial strength, and overall experience level of the client. Other factors which may determine rate variances could be market conditions, cash to value and collateral strength. With Hybrid Lending, interest rates may meet or exceed expectations to the more favorable conventional rates; however private lenders make their money with the finance fees they charge.
In all cases the base finance fees for Hybrid Lending is going to be between 6% to 8% of the base loan amount.
Upon satisfaction and agreement of all conditions' our underwritings staff will begin the process to make the determination of how best to fit your financial needs with our programs described briefly above. In order to avoid any time delays or impair the underwriting process, all documents requested should be sent in a timely manner. All underwriting is given the same amount of priority the moment the last document requested is received. To insure thoroughness in the process we allow for up to 45 days before final determination of a loan. This time cycle begins the moment underwriting has received the final requested documents. Once approved, our designated team of Direct Funders shall issue its final and firm Commitment with a Term Sheet or Conditional Commitment.
It will be necessary for our underwriters to speak directly with the client during the underwriting process. This initial contact will generally occur 48-72 hours after the underwriting process has begun, at which time the client and underwriter may wish to go over the deal and field any questions they have for each other.
Our 4th Program is to send your deal to our Finance Suite and get multiple offers. This is typically for loans under 2 million.
Michigan & Detroit Investment Rehab Loans
Up to 75% of After Repair Value! Rates as Low as 8%
Flat $4500 Fee Covers ALL Costs
► 100% of Purchase & Improvements
► Interest Rebates for Early Payoff
► 12 Month Term - IO Payments
► 1-4 Family Primary or Investment
► Michigan Only - Detroit OK
► No Seasoning of Reserves
► Flexible Draw Schedule
► NO Appraisal Required
►Down to 580 FICO with Compensating Factors
► Must be MI Resident
► Stated Income or SE OK with Assets/Reserves
If the deal makes sense, we'll get it done!
A hard money or rehab loan is a short term, high interest loan that offers you the opportunity to buy a house with no money out of your pocket. We loan up to 75% of the ARV. We give an appraiser the list of repairs (if any) that need to be done to the house and he gives us the value based on those items being complete. We loan the money to buy the house, the money to repair the house and the closing costs up to 75% of the ARV. The repair funds are kept in the lenders account and released to the borrowers in draws. From the time of the request, we send our inspector out to make sure the work is completed satisfactorily.
This means you can begin the refinance process the day the work is complete or if no work was needed, the day after you purchase the home. Keep in mind that when you refinance, you should limit your LTV to insure a cash flow. We usually recommend no more than 80% LTV. Many Investors who learn about these strategies get very excited and see it as a "get rich quick opportunity" IT IS NOT. It is important to proceed with caution, slowly and with lots of homework. Steady plodding is the key. If you try to fudge and push the formula to the limit, you will likely fail. You can count on more work being needed than you originally planned. Termites will show up even after inspection; HVAC units will be out of order that appear brand new. Believe that unexpected things will occur.
Simple steps to submit your deal:
Broker or client will write a quick summary in simple terms of what the deal is about.
We will need a completed submission form that will be provided when NCND is signed and sent back.
Just Follow These Steps:
► Fill out application 1003
► Tri-Merge Credit Report
► Asset Documentation
► Sales Comps
► Repair Schedule
► Client needs to sign Agreements
Send us a copy of clients Executive Summary
Broker needs to sign NCND
Client needs to sign NCND
With in 24/48 hours you will receive the following documents for final submission, LOI (Letter of Intent)...general terms and conditions, memorandum of conditions for underwriting.
For more information email me: turbocredit@sbcglobal.net
Testimonials
My name is Cynthia, I purchased "TurboCredit" approximately one month age. I am very pleased and somewhat surprised that my credit score went up so fast, but let me tell you my history since January 2007.
In January I became a crime victim, my purse was stolen from my 'locked car.' I was driving on the highway and stopped for coffee at a gas station, I was only gone for five minutes. When I returned to my car, the window was smashed and my purse gone. My credit cards and check book were in my purse. The perpetrator purchased $4000.00 on my cards in the three hours it took for me to get home and cancel the cards. Once the cards were stopped, he decided to write checks in my husbands name. Several checks purchasing expensive items, a total of $5000.00 in checks alone.
Since I send out my payments electronically to pay my debts, all my payments from the first of the month started to bounce. This led to late fees and stop payment fees from the bank. Our credit started to go bad, the score was in the mid 400 range.
At the same time, we suffered the loss of my sister, she died from the MRSA infection. I had to deal with her death and then my husband had another heart attack and ended up with by-pass heart surgery the same week. All this added up and I started forgetting payments and then late payments. It all became a nightmare with stolen identity on top of everything else.
"TurboCredit" was a life saver. In a matter of one month after following the directions my credit is fixed almost completely and they are still working on only two items. My score went up 260 points.
Thank you... so much for this wonderful program. I recommend it to everyone. Even if your credit score isn't that bad, it will help raise it. In this unpredictable world we live in, it's good to keep track of your credit. In this unpredictable world we live in, it's good to keep track of your credit and fix it as soon as you can. I still have two more I am working on and thanks to "TurboCredit" I will soon have my good score back again.
An extremely thankful customer,
Cynthia- MI
