Putting the right borrower together with the right source of capital – quickly and easily
By Don Logay
Here’s an all-too-frequent scenario for savvy real estate investors. An incredible opportunity has just emerged that could be the deal of the century, or at least, a substantial money-maker. The problem is, you’re not the only investor who sees this potential – so fast action on your part is paramount.
As for funding, it will take $2.9 million to close the deal. However, you currently only have a firm $900,000 at your disposal.
You also know that agonizingly slow and documentation-rich “traditional” funding – based on having a stellar credit score, a solid income history and being able to prove that you probably don’t actually need the money – is not going to be the answer in this particular instance.
Time is fleeting and you can practically hear your competition dialing the seller as you consider your options. So, what is one to do?
Experience and the Right Capital Partner
When a great opportunity is at hand, and both time and money are short, experienced real estate investors know how and where to access rapid funding – despite challenges ranging from a compromised credit score to being self-employed.
It begins with private funding and working with the right licensed broker who has great resources, flexibility and local market expertise.
When negotiated and obtained by an experienced top-tier broker, private funding and hard money lending can provide a wide range of flexible solutions for readily accessible capital specifically structured to meet your needs.
Working with the right broker, who has access to the best local market alternative lenders, begins with less stringent lending criteria and ends with a much higher approval rate than banks and other conventional lenders. It also allows you to access rapid funding when you need it instead of letting time-sensitive opportunities pass you by.
Instead of having to convince a bank that your loan can be repaid, a great broker – with a roster of locally-based private money lenders – will instead measure your investment’s potential. If they see evidence that you can make it work, coupled with your experience and previous successes, they’ll team with you to secure the rapid financing required.
First Capital Trust Deeds
On the West Coast, savvy real estate investors looking to capitalize on a great opportunity have but one name on their speed dial.
With five West Coast locations, First Capital Trust Deeds (FCTD) offers local market expertise for both private trust deed investments and non-traditional financing for business purposes with specialized solutions and experienced answers ranging from Foreign Nationals guidelines to completing a transaction that needs a certainty of execution to close.
Last year, FCTD exceeded over $400 million in specialized funding transactions and today is considered one of the top West Coast private lending and trust deed investment brokers.
“What separates us as a capital source,” states Brett Everett, who heads up the Bay Area, “for one, is our local market expertise… and the ability to recognize client goals and expand their access to capital. Through our regional locations, it gives us the ability to meet just about any deadline.”
“Obviously, when time is of the essence,” he adds, “every minute of every hour counts and we consistently deliver.”
Another hallmark of FCTD is its unique blend of old-school lending basics – that takes into account who you are and what you’ve done – and melds it with cutting-edge, state-of-the-art financing concepts and technologies to come up with rapid funding solutions for the amount you need, when and where you need it.
Going after an incredible opportunity that has just emerged that could be the deal of the century, or at least, a substantial money-maker?
“Whether for Commercial, Residential, Luxury Spec Construction or Cash Out Refinances via HELOC,” the Southern California-based Broker, Corey Kohnke notes, “we’re there with workable and fast tailored solutions for business purpose private money financing… to help experienced borrowers, developers and investors looking to start, complete or expand projects.”
“Where banks say no,” he adds, “we say yes, then close quickly.”
For more information visit www.FCTD.com. First Capital Trust Deeds CalDRE Broker: 01947341; NMLS: 1165726.
Corey Kohnke
(949) 412-5155
[email protected]
Los Angeles
NMLS# 1086543
CalDRE Broker: 01923994
CalDRE Broker – Corp: 01947341
Brett Everett
(619) 414-2999
[email protected]
Bay Area
CalDRE Salesperson: 01950100
CalDRE Broker – Corp: 01947341