https://activerain.com/blogs/fairydust en-us https://activerain.com/blogsview/1098310/commercial-real-estate-financing Commercial Real Estate Financing Use of Loan Proceeds: Existing Business, Owner Occupied; no investors General purpose commercial real estate No ground leases. Single loan closing on construction. Loan Amounts: $250,000 to $2,000,000 Special programs to $2,500,000 Cash/Equity Injection: 10% of Total Project Costs. 15% for restaurants. Total Project Costs can include moving expense, equipment, furniture, working capital, refinance of business debt, etc Loan Terms: Term up to 25 years. Fully amortized (no balloon). Interest Rates: Dependent upon strength of business. Rates from P+1.25% - 2.5% variable Repayment Ability: Based on historic cash flow of the business. Minimum Debt Service Coverage= 1.15x for last yr + interim. For restaurants, chiropractors: DSC=1.35x for last yr+interim Expansion loans for medical practices with increasing trends. Collateral: LTV can be over 100% Personal Guaranty: SBA requires from all 20% or more owners. Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at 317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:32:29 -0700 https://activerain.com/blogsview/1098310/commercial-real-estate-financing https://activerain.com/blogsview/1098307/multi-family-financing-new-construction---substantial-rehabilitation Multi-Family Financing New Construction / Substantial Rehabilitation Multi-Family Financing We specialize in working with Realtors, referral fees available (Up to $15,000)! Our rates smoke the banks - call for quotes! New Construction / Substantial Rehabilitation * 90% Loan-to-Cost * 40 Year amortization * 40 Year Term (no balloon) * No maximum loan amount * Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield. * "Developer's Fee" of 10% of cost allowed to be used towards equity requirement * No personal liability (non-recourse) * Negotiable pre-payment terms * 1:10 Minimum Debt Service Coverage * This loan is always assumable. Third-party expenses and loan costs are able to be financed Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes. please call 317-348-0732 or loans@fairydustlending.com Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:30:51 -0700 https://activerain.com/blogsview/1098307/multi-family-financing-new-construction---substantial-rehabilitation https://activerain.com/blogsview/1098300/multifamily-acquisition-or-refinance-programs-avail MULTIFAMILY ACQUISITION OR REFINANCE programs avail. * 85% Loan-to-Value (80% with Cash-out Refinance) * 35 Year Amortization * 35 Year Term (no balloon) * 7.5% Seller promissory note allowed for down payment requirements - (For Acquisition only) * No maximum loan amount * Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield * No personal liability (non-recourse) * Negotiable pre-payment terms * 1:18 Minimum Debt Service Coverage * This loan is always assumable. * Third-party expenses and loan costs are able to be financed For current offer as there subject to change please contact 317-348-0732 or loans@fairydustlending.com Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:23:42 -0700 https://activerain.com/blogsview/1098300/multifamily-acquisition-or-refinance-programs-avail https://activerain.com/blogsview/1098297/medical-professional-loans Medical professional loans Use of Loan Proceeds: Practice start-up or purchase / Expansion, partner buy-out / Real estate or leasehold Can include equipment, furniture, working capital. Loan Amounts: $250,000 to $2,000,000 Cash/Equity Injection: 10% of total project costs. Experience: Proper license and 2 years direct experience in the industry. Loan Terms: Term up to 25 years. Fully amortized (no balloon). Interest Rates: Dependent upon strength of practice Rates from P+1.25% - 2.5% variable Collateral: No minimum for Start-ups up to $500,000 No minimum for Acquisitions to $1,000,000 Personal Guaranty: SBA requires from all 20% or more owners. Life Insurance: Key man life insurance may be required Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at 317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:22:10 -0700 https://activerain.com/blogsview/1098297/medical-professional-loans https://activerain.com/blogsview/1098292/limited-use-financing Limited use financing LOAN LIMITS $100,000 - $3,000,000 PROPERTY TYPES Automobile Dealerships Automotive Service Repair Assisted Living Facilities Grocery Stores and Markets Educational / Day Care Car Wash (Full Service and Coin Op) Funeral Homes Restaurants Bowling Alleys Properties with excess land RV Parks LOAN TYPES Purchase Refinance Cash Out Refinance MAX LTV 90% Owner Occupied Purchases (SBA 504) 65% Purchase (Non-SBA, up to 90% CLTV) 65% Refinance / 60% Refinance Cash-out LOAN TERMS 25 years fully amortized  years fully amortized 15 years fully amortized MIN FICO 650 AVAILABLE PROGRAMS 5 YR Fixed SBA 504 Adjustable Conversion The DIFFERENCE No Balloon Payment Broker or referral source 100% protected Flexible Underwriting No Lender Points Quick Closings Simple Documentation Rate locks available at no cost Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:19:17 -0700 https://activerain.com/blogsview/1098292/limited-use-financing https://activerain.com/blogsview/1098285/hotel-loans-lending Hotel loans,lending May 30th, 2009 3:01 PM Start-up, Business Acquisition, Construction / Perm Loan Amounts: $250,000 to $2,000,000 Cash Injection: 15% for Flags in good standing, 20% for others. Start-ups and inexperienced management may require up to 30%. Experience: Full service requires full service experience. On-site management by >20% owner. Collateral: 80% of total Project must be for real estate or construction. Repayment Ability: Based on historic cash flow of the business. Minimum debt service coverage = 1.25x for last 2 years plus interim. Expansion loans available for businesses with increasing trends. Start-up projected coverage 1.25x within 1 year. Loan Terms: Term up to 25 years. Fully amortized (no balloon). 3yr (5-3-1) prepayment penalty. Interest Rates: Dependent upon strength of business. Personal Guaranty: SBA requires from all 20% or more owners. Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at: 317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:14:36 -0700 https://activerain.com/blogsview/1098285/hotel-loans-lending https://activerain.com/blogsview/1098284/commercial-hard-money---we-got-it--- HARD MONEY - WE GOT IT!!! * $ 2Million to $ 25 Million or more! * 1to 3 Year Terms * Good exit strategies are critical * QUICK CLOSINGS * LOW OR NO DUE DILIGENCE FEES! * No daisy chains accepted ________________________________________________________________________________________________________________________ This is the real money. Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call us at 1-317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:12:38 -0700 https://activerain.com/blogsview/1098284/commercial-hard-money---we-got-it--- https://activerain.com/blogsview/1098276/development-money-lending-we-got-it- * $ 10 Million to UNLIMITED! * International as well * Terms and structure will vary by deal * Tier 1 & Tier 2 Developers Only * All properties and projects considered, but the deal MUST be strong. * No daisy chains accepted * Must have access to the principals Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call us at: 1-317-348-0732. It costs nothing to see if we can help you! Call us today at:1-317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:09:29 -0700 https://activerain.com/blogsview/1098276/development-money-lending-we-got-it- https://activerain.com/blogsview/1098270/church-real-estate-financing Property Types: Sanctuaries, Schools, Expansion Loan Proceeds: Acquisition, Refinance, Construction, Cash-Out Trustee Guarantees: None Size: $400,000 - $20 million Fast Close: 45-60 days Cash Flow Multiple: 3-4x Unrestricted Contributions LTV: 66% - 80% Term: 25-40 Years; Open-Ended for additional borrowings Interest: Fixed Rate @ 190-220 over Treasuries Prepayment: No Penalty Construction Bonds: None required for qualifying projects Our underwriters are professionally trained to keep the interest of the church a priority. They are experienced in working with churches of all sizes. Thus, they can fund loans for any denominations anywhere in the country! So please call one of our underwriters today at 1-317-348-0732 * due to the changing markets rates are subject to change without notice. Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:06:39 -0700 https://activerain.com/blogsview/1098270/church-real-estate-financing https://activerain.com/blogsview/1098267/blow-away-church-construction-loan- 6.9% Fixed Rate* • That's fixed during the construction period! You pay interest only during construction! • That's fixed for 5 years AFTER the construction period. • Lock in today's rates for tomorrow - no re-pricing at C.O. • 30 Year amortization keeps the payment low. • No Pre-Payment Penalty / No Guarantors - This is flat out the best construction loan on the planet. Loans are subject to change without notice. Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 14:04:48 -0700 https://activerain.com/blogsview/1098267/blow-away-church-construction-loan- https://activerain.com/blogsview/1098249/assisted-living---skilled-nursing-loans Assisted Living / Skilled Nursing New Construction / Substantial Rehabilitation * 90% Loan-to-Cost * Interest-only construction loan that automatically converts to a 40-year permanent financing * 40-Year Amortization * 40-Year Term (no balloon) * No maximum loan amount * Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield * No personal liability (non-recourse) * Negotiable pre-payment terms * 1:10 Minimum Debt Service Coverage * This loan is always assumable * Third-party expenses and loan costs are able to be financed. Rates and Terms determined by LTV, credit, property type and otherconditions. This is limited information and meant for generalreference purposes. For detailed information or a specific quote on a project, give us a call at 1-317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 13:41:40 -0700 https://activerain.com/blogsview/1098249/assisted-living---skilled-nursing-loans https://activerain.com/blogsview/1098246/assisted-living---skilled-nursing-acquistion---refinance ASSISTED LIVING / SKILLED NURSING ACQUISITION OR REFINANCE* * 85% Loan-to-Value (*No Cash-Out Refinance) * 35 Year Amortization * 35 Year Term (no balloon) * No maximum loan amount * Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield * No personal liability (non-recourse) * Negotiable pre-payment terms * 1:18 Minimum Debt Service Coverage * This loan is always assumable. * Third-party expenses and loan costs are able to be financed. __________________________________________________ Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes. For detailed information or a specific quote on a project, give us a call at 1-317-348-0732 Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 01 Jun 2009 13:39:35 -0700 https://activerain.com/blogsview/1098246/assisted-living---skilled-nursing-acquistion---refinance https://activerain.com/blogsview/838518/q-a-on-factoring-how-can-you-help-my-customers-or-my-business- What is factoring? Factoring is the purchase of your accounts receivable (invoices) in order to provide you with the cash flow you need. Factoring is a widely accepted financing option used by companies of all size. How long before I can receive funding? Typically within 24 hours of receiving your company's information, we'll issue you a proposal. Upon acceptance, we conclude our due diligence and complete documentation. Funding can happen as early as within a few days of initial contact with your company. Ongoing, it is common to fund within 24 hours of your invoice submission to fairydust lending Do I need to sell or factor all of my invoices? No. Depending on the amount of additional cash flow you require, you decide which invoices we factor from your company. Our service allows you flexibility while providing your company with the cash flow it needs to thrive. How will I know the status of my factored invoices? We have an on-line service that allows you access to your account and reports any time you wish. Additionally, you will be assigned a Client Service Representative, who will be your contact for any questions you may have throughout your relationship with us. Is factoring a recent financing option? Factoring has been around for centuries. It's one of the oldest types of financing, first seen in the United States in the garment and textile industries. Today however, factoring is a funding solution for companies in all industries. How does factoring differ from bank financing? Factoring is faster and less complicated than bank financing. Factoring companies make decisions based primarily on the credit worthiness of your customers, while a bank's credit decisions rely mainly on your company's financial history, cash flow, and collateral. We fund quickly, often within days of receiving an application, when banks generally take weeks or months. In addition, when you factor your accounts receivable, your company incurs no debt, as there is no interest to pay or principal to repay. Factoring can also help companies that banks traditionally shy away from, such as start-ups, companies with tax liens, or even companies in bankruptcy. Why would a business sell its accounts receivable? Businesses with cash flow problems cannot wait 30 to 60 days or more for payment on their invoices. They need immediate cash to meet the financial obligations of their companies. Factoring provides this cash to businesses through the purchase of accounts receivable. Which companies benefit the most from factoring their invoices? Factoring is a good fit for many companies for a variety of reasons. Start-ups and high-growth businesses need cash from factoring to help fuel their growth. Companies who have suppliers to pay or service-based companies with high payroll and payroll taxes use factoring to assure they can meet their financial obligations. Who makes a good factoring client? Companies who sell a product or service to commercial or government entities and need cash fast to make payroll, payroll taxes, pay suppliers, or fulfill other financial obligations make excellent factoring clients. How will our customer be treated by fairydust lending? We respect the relationships you have developed with your customers. We understand they are the backbone of your business and treat them with the highest level of courtesy and professionalism. What is the major benefit of factoring? You receive cash immediately from your invoices instead of waiting 30, 60 days or more for your customers to pay. It is as if you have COD terms with your customers. You receive our collection and credit expertise, while enjoying increased cash flow. You can then concentrate on running and growing your core business. What does factoring cost? Rates are based on the amount your company factors and how long it takes your customers to pay. We are happy to provide you with a QUICK QUOTE if you give us a bit of information regarding your business. Is factoring a type of loan? No. Factoring is not a loan. It is the purchase of an asset, your accounts receivable. While approval of a bank loan considers all of your company’s assets as well as your financial history and balance sheet, a factor relies mainly on the credit worthiness of your customers. Factoring is often the ideal solution for businesses with poor financial histories, little or no track records, or weak balance sheets. What type of invoices can my business factor? You can factor almost any valid invoice for a service or product that’s been delivered to and accepted by your creditworthy commercial customer. How much cash will I receive from factoring? We can advance you up to 90% of your receivables immediately. The balance (less our fees) is released to you upon payment of your invoices. Does it matter if my company has a bankruptcy, bad credit, poor financials, or other derogatory information? As we base our financing decisions mainly on the credit worthiness of your customer base, generally the financial strength of your company is not going to prevent you from obtaining our factoring services. What can I do with the additional cash flow I obtain from factoring my accounts receivable? Our clients use the cash to meet payroll, payroll taxes, pay suppliers, and take advantage of supplier discounts, purchase inventory or equipment, and take on more orders. Will my customers think that my business is experiencing financial difficulty when they learn that I'm using a factor? Absolutely not. Factoring is a long established and mainstream financing option for businesses. It is likely that some of your customers do business with vendors using a factoring service. What does factoring with fairydust lending mean to my customers? Basically, factoring will require a change to the address where payments are mailed. In addition, we handle collections for you, allowing your time to be used on your core business. Otherwise, your working relationship with your customers will remain the same. I have customers all over the United States. Are there any restrictions? No. We can work with any business or government agency in the U.S. What matters is that your customers are creditworthy. What types of businesses do you factor? We finance companies from a broad range of industries including, but not limited to, distributors, telecommunications companies, temporary personnel agencies, nursing registries, manufacturers, wholesalers, consulting companies and security guard services. Companies from the above-mentioned industries with creditworthy customers will benefit greatly from our factoring services. What size businesses does fairydust lending finance? Our clients are companies who invoice a minimum of $10,000 each month. We help small start-ups as well as mid-sized businesses with needs up to several million dollars. Who will be responsible for collections from my account debtors? fairydust lenidng teamed up with Working Capital Company and they have over 20 years of experience and handles collections with expertise and finesse. Our collection service allows you the freedom to concentrate on growing your company. Throughout the process, we stay in contact with you and ask for your involvement when necessary. Audrey Patton, diamond5 (Adiamondlending LLC.) Tue, 16 Dec 2008 00:11:57 -0800 https://activerain.com/blogsview/838518/q-a-on-factoring-how-can-you-help-my-customers-or-my-business- https://activerain.com/blogsview/838504/i-have-a-business-that-needs-factoring-loan-can-you-help- Factoring is financing for companies that have too much cash tied up in their commercial accounts receivable. By factoring, your company can immediately receive cash for accounts receivable instead of waiting 30 to 60 days or more, for your customers to pay. Instead of having your receivables tied up in the billing cycle, factoring allows your company to use that capital to grow, buy inventory, make payroll, take advantage of trade discounts…or anything else that demands your financial resources. Factoring is a simple and fast solution to a company’s cash flow needs. When factoring your accounts receivable, your company incurs no debt. It merely exchanges one asset (accounts receivable) for another asset (cash). With factoring, there is no interest to pay or principal to repay. While the history of factoring can be traced back over 4,000 years, factoring became common in the United States at the beginning of the twentieth century in the garment and textile industries. As industry in the United States has progressed, first with the industrial revolution and more recently with the growth of service-based industries, factoring has evolved to keep in step. Over the last 30 years, factoring has found its way into virtually every industry, largely because of the ease and flexibility which factoring has to offer. Today factoring is a worldwide, multi-billion dollar business. Our factoring program offers many benefits to companies in a variety of industries. We offer high advances (up to 90% of the invoices that you are factoring), low rates, on-line reporting, credit and collection services to name a few. We have been factoring invoices nationwide for over 20 years and pride ourselves on the quality of relationships we develop with the companies who use our factoring services. Please contact us to discuss whether factoring is right for your company. We have no application fees and are happy to answer your questions and give you a preliminary quote. Fairydust Lending has teamed up with working capital they have helped hundreds of companies over the last twenty years with their cash flow by factoring their accounts receivable. We look forward to helping you and your company as well. Audrey Patton, diamond5 (Adiamondlending LLC.) Tue, 16 Dec 2008 00:02:38 -0800 https://activerain.com/blogsview/838504/i-have-a-business-that-needs-factoring-loan-can-you-help- https://activerain.com/blogsview/838499/i-have-bad-credit--can-you-help-me- Ways we can help" • Secure a loan even with imperfect credit • Lower your monthly payments by consolidating your debt • Improve Your Credit Rating by consolidating your debt If you find that you don't have perfect credit, you are not alone. Don't be afraid to let us know about negative reports that appear in your credit history. We can help you find a loan and quite possibly repair your credit. We offer credit repair assistance to clients who request it. We also have “bridge” or short term loan solutions to your current credit problems. We even have foreclosure “bail out” loans. Don’t let imperfect credit keep you from your dreams. Give us a call and let us find a way to help! DON’T LET IMPERFECT CREDIT KEEP YOU FROM YOUR DREAMS! Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 15 Dec 2008 23:57:04 -0800 https://activerain.com/blogsview/838499/i-have-bad-credit--can-you-help-me- https://activerain.com/blogsview/838491/the-loan-process-what-does-it-take- Prequalification Prequalification occurs before the loan process actually begins. The lender gathers information about your income and debts, and makes a financial determination about how much house you may be able to afford. It's a good idea to know how expensive a home you can afford before you start shopping for one! If you are refinancing the loan on your existing home, then the prequalification process should help you decide whether refinancing is a good idea for you. -------------------------------------------------------------------- Application The application is the beginning of the loan process and either occurs after you have found a property you want to buy or have determined that you wish to refinance the loan on your existing home. You complete a mortgage application for a particular loan program and, supply all of the required documentation for processing. Various fees and down payment options are discussed at this time. The loan officer will deliver a Good Faith Estimate (GFE) and a Truth-In-Lending Disclosure (TIL) within three days that itemize the rates and estimated costs for obtaining the loan. -------------------------------------------------------------------- Processing of your Estimated Loan The lender will typically submit the application package to an automated underwriting system that will provide the lender with the necessary documentation needed for loan approval. In some cases, the lender may also manually underwrite an application package. The lender's processor reviews the credit reports and documentation to verify your employment, debts, and payment histories. If there are unacceptable late payments, collections, judgments, etc., the processor requests a written explanation from you. The processor also reviews the appraisal and survey and checks for property issues that may affect final loan approval. The processor's job is to put together an entire application package for the lender's underwriter. -------------------------------------------------------------------- Underwriting The lender's underwriter is responsible for determining whether the application package prepared by the processor meets all the lender's criteria. If more information is needed, the loan is put into "suspense" and you will be contacted to supply more documentation. If the underwriter approves the loan, the lender issues a conditional commitment to lend, orders title insurance, works with you to clear all conditions to its commitment to lend, and then schedules a closing time. Conditions to the lender's commitment may include issues with credit, income, or the property that may arise during the processing and underwriting process. -------------------------------------------------------------------- Closing The closing will occur after all conditions are cleared and the lender issues a full loan approval. At the closing, the lender "funds" the loan with a cashier's check, draft or wire to the closing agent, who disburses funds, in exchange for the title transfer to the property. This is the point at which you finish the loan process and actually refinance or buy the house, subject to the lender's loan. Closings occur at different places in different states. For instance, some states require that the closing take place at a closing attorney's office, while others use a title or escrow company. You may also be able to close at your home. Audrey Patton, diamond5 (Adiamondlending LLC.) Mon, 15 Dec 2008 23:54:04 -0800 https://activerain.com/blogsview/838491/the-loan-process-what-does-it-take- https://activerain.com/blogsview/557933/who--needs-working-capital-- Why Companies Need to Factor? • Experiencing rapid sales growth, or taking on increasingly large orders/contracts. • Tax liens and/or bankruptcies. • Labor intensive companies having difficulty meeting payroll. • Need help making timely payments to suppliers. • Starting up new business. Need working capital I can arrange this for your customers! Audrey Patton, diamond5 (Adiamondlending LLC.) Thu, 19 Jun 2008 09:40:49 -0700 https://activerain.com/blogsview/557933/who--needs-working-capital--