mcre Real Estate - 41 years of real estate - #commercialrealestate

Today I reactivated McClure Real Estate, LLC. [ mcre ]. Founded in 2000 after an 18 year Odyssey that included Corporate Real Estate positions with the MaceRich Company, MD Management, Excel Realty Trust, and Divaris Real Estate.

In 1995 my premonition that shopping on the internet was going to be popular; Shopwave.Com was founded. Gambling on this deal was an invaluable lesson in modern business treads and a lesson. I learned that I should have used Shopwave to be a better real estate professional and not to reinvent Henry.

Springers were a big distraction too. Tieless shoelaces never were the home run I wanted - In 1993 I pitched springers in-person to Adidas, Nike, Payless Shoes, Woolworth (for all the Kinney Shoe Brands [ all the footlocker and Champs]) and 1,000's of California flea market shoppers that purchased 50,000 pairs.

Pizza Pub is the final distraction and the best lesson into the sheer fabric of my business acumen. I learned if you own a restaurant the only way to fly is to live above your life. To make a living in food services this takes 125% of your time. If the government does not kill dining out (how in the hell do we eat with a mask?) next time tip your server 20% or stay home.

Today is a day we will never have again. Remember in life/business sometimes it is what we "don't do" that saves our life or makes the deal. Never give up on yourself.

Subject: FUNDING TERMS AND CONDITIONS

From: William Altbrandt
Sent: Wednesday, June 24, 2020 10:33 PM
To: mcre@cox.net
Subject: FUNDING TERMS AND CONDITIONS

 

Hi Henry,

 

We provide funding on all deals ranging from Startups to real estate to commercial and land deals etc. 

Funding depends on the strength of the project as we believe all projects are unique, hence we try not to assign general terms on any deal we decide to fund. This means that Funding is based on the strength of the project not LTV or LTC.

Here is what we do and some terms and conditions, get back to me if you have questions or in need of further clarification. 

** To get qualified for a loan the borrower must understand our terms and conditions and must be willing to work according to these terms and conditions**

1. Loan Size: $100,000.00 – $2M+.

2. Interest Rate: 4% - 6%.

3. Term: Short & Long term programs tailored to fit different loan scenarios.

4. Repayment Type: Loans can be structured as interest only, P & I, Amortization with balloon payments.

5. There is no pre-payment penalty attached.

6. Recourse: Recourse and Non-Recourse are available.

7. Collateral: Collateral and Non-Collateral. All Commercial RE Property Types, including Specialty Uses and Land.

8. 10-15years term available.

9. Closing: Typically 3-4 business days after submitting the necessary information required. 

 

10. Interest Only monthly payments.

                  

11. One point at closing as a referral fee for any deal you bring to our table.

12. Location: Nationwide in primary and secondary market.

 

 

OUR PROCESS:

 

*Submit application: Borrower will be required to submit a filled loan application form alongside an Executive Summary of the Project. We will quickly evaluate your loan request and send you a quote.
   
*Lock in Rate: If the borrower agrees with the repayment quote, he/she will sign to lock in rate (negotiable).

 

*Stated Income/Bank Statements Only.

*Document: Borrower will be sending documents already listed above. Documents will be reviewed for loan approval.

*Sign Loan agreement contract: Borrower will be required to sign a loan agreement contract.

*Loan origination cost: Borrower will be required to pay loan origination fee as compensation for processing a new loan. Only applies to first time borrowers.

*Funding: Loan funds will be wired to borrower on the agreed date to the borrowers proposed account..

*Closing: Typically 3-4 business days after submitting an Application/Executive Summary. We can work to accommodate a quicker closing if necessary.

 

Best Regards,
William Altbrandt
Loan Originator/Consultant,

AG Funding, LLC.

Tel: 512-308-3147