Author: Joe Tufo
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$12.6m REO Bundle 1096 Properties
I received a call Wednesday at 1:20PM From a seller’s mandate for 1096 single family homes in Ohio, Michigan, Pennsylvania, Iowa, Indiana, and Illinois. That’s $11,496 a home less than the price of a seven year old minvan. These homes can easily rent for $500 a month. The price represents a 23% BPO (Property value…
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Large Project Funding 45 Business Day Close
I received a call April 24th from the Funding Manager of a European Trust Fund who startled me with his funding ability: If you have 2.5% of your project value in cash he can leverage 10:1 and close your loan in 45 business days. Rates are at Prime +3% (P+3). The minimum transaction size is…
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Asset Based Loans
A short term loan which is backed by a company’s assets is known as an asset based loan. Possessions such as real estate, equipment, or inventory are utilized to secure the loan. Equity based lending is a good option for borrowers who do not meet regular lending standards. These include those that have poor credit,…
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Testimony Cindy Who Has been Approved For a Total Of $275m
Very thoughtful, organized and well put together Joe! I wouldn’t expect anything else from you! Hope the source you’re talking about finally tranching the beginning of summer is S!!!!!!!!! Have a great day today! Cindy This was a response from a mini-newsletter that I sent May 17th: Good Morning!
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New Hard Money Lender/JV Partner
This came in recently. This lender/JV is not operational but is scheduled to be up and running by mid-June 2009. Here’s what he sent: Before we get started, let me say we are NOT funding yet. I will post here when we are ready to lend. It could be as soon as 30 days, but…
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Basics of a Hard Money Loan
Hard money loans (HMLs) are a special type of loan backed by real estate collateral. Generally short-term loans with slightly higher interest rates, hard money loans are typically made by private individuals or companies not affiliated with larger banks. Though few people truly understand the hard money lending business from either a lender or a…
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Need Fast Cash? Have $5m in AR? Rates Mid-Teens
I received call from an acquaintance, Bob McCarthy, Friday May 29th, whom I first met three years ago. Bob is a banker who offers accounts receivable financing in the mid-teens which is a fraction of normal AR rates. In order to qualify a candidate needs $5m in open AR plus good credit. He also offers…
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$1,000,000 Lines of Credit – BLOC Source E
$1,000,000+ Unsecured Business Lines of Credit PACKAGES & PRICING OUR AGED CORPORATIONS DO NOT REQUIRE CREDIT SCORES OR A PERSONAL GUARANTEE
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BLOC E Requirements For Application
There are three things we need you to do before before we send the BLOC E application: 1. Sign and scan the fee agreement and return to joe@joetufo.com. The minimum fully earned non-refundable business consultation fee is $2,500 to Cash Flow Specialists, Inc. The program managers fee is $7,500 per corporation. The funding amount…
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5 tips from Leonard Rosen, Americas Hard Money Lending Expert
I have known Leonard Rosen for several years. Back when I was the national sales manager of a mortgage company I helped him put on a seminar at the Fairmont Hotel in San Francisco. These are tips that I gleaned from him: 1. What is hard money and how does it work? Hard Money is…
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Commercial Hard Money
Commercial hard money is a loan issued to a business by another business. Collateral can take the form of a commercial property or residential investment property. As a means of receiving additional collateral for the lender a blanket mortgage can occur in which the loan is secured against a residence in conjunction with a business…
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We Just Added a New Credit Line Provider!
I just got off the phone 12:30PM May 21, 2009 with a provider in the DFW area whose partner is an attorney in LA. They can furnish credit lines from a few thousand dollars to $100,000 or more. In order to qualify we require you to enroll in our Power Funding program at www.joetufo.com/powerfunding We…
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Do You Really Want To Be Funded?
Do You Really Want To Be Funded? Funding Is 85% Presentation And 15% Is The Appetite That The Funding Source Has At That Point In Time When You Submit Your Project. You Will Dramatically Improve Your Chance Of Getting Funded When You Follow The Road Map To Funding Success Our www.joetufo.com/roadmap explains in a mind…
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Whopping Returns With Our SF Bay Area FOREX Trader
Your results may vary, Don’t invest unless you have funds set aside in a conservative bank account. We are NOT securities licensed. Read our disclosure link: http://joetufo.com/blog/about/read-me-first-an-introduction-to-cash-flow-specialists We have several clients that have invested in one of our FOREX traders. Rates of return have been in a range of 0% to as high as 49%…