Asset-Based Loans ...

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Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI

                     house market paper                                                                                                                                         

    Unfortunately, even after portions of the new stimulus dollars have been dispursed, many banks are still not lending to small businesses.  The infusion of the Fed's capital has not loosened the lending as we'd like.

    We are now facing the reality of 5 & 7 year balloon clauses written on commercial loans in '02 through '04  having, or soon coming due, as well.  Value on many properties has dropped, and the bank's are not willing to always renew those notes.  If this is what you or your borrowers/owners are facing, what do you do?  What options exist for them or you?  The answer to the dilemma may be found within an unique lending product.

    Please consider the unique asset-based loan ... money lent solely on the size and strength of publicly traded stock.  Some of the benefits of an asset-based loan are:

  • There is no reporting of income.
  • No appraisal needs to be done. 
  • No underwriting is involved in these loans. 

    If the borrower/owner has stock of substantial value, lending can occur at interest rates of 3.5% to 6%, interest-only, up to 80% of the value of the stock.  You, or an owner, can payoff the bank note held with this new loan.  The stock gets pledged as the loan's collateral.investing path

    If you, or someone you represent, is facing this scenario now or in the near future, please contact me for further information.  This loan may afford a great opportunity to the situation you are facing, offer a unique solution to your lending needs, and place you on the right financial path for the future. 

    The opportunity for lending is open for those in multiple areas, as my company and I are fully licensed and able to assist in many states across the nation.  I look forward to speaking with you very soon.

Gene Mundt, Professional Mortgage Banker                                                 www.genemundt.com     Chicago Bancorp

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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

 

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Topic:
Mortgage / Finance
Location:
Illinois Will County
Groups:
Investors
Out Of The Box!
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Chicagoland and Northern Illinois Real Estate
Tags:
investing
mortgages
financial assistance
stocks
commercial lending
stimulus
market mess

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Rainmaker
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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