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
