by AlanJones
Tue Nov 10, 2020 12:26 am
From: Atsumasa Tochisako - [email protected]
Subject: We are currently funding businesses
Other Email: [email protected]
Tel. Nos.: +12402039444 & +19177226144
Subject: We are currently funding businesses
Other Email: [email protected]
Tel. Nos.: +12402039444 & +19177226144
Dear Sir/Madam,
I would like to share with you what we do here at Sproutfinder LLC and also who we are.
Our primary focus is to provide private hard money loans and/or short-term funding to Real Estate Investors 65% ARV rehab loans in 28 states and Nationwide and lastly International (1-4 unit properties). - Purchase money to 65% of purchase price (1-4 unit properties) - Commercial properties nationwide - Ground up construction loans in 28 states and Nationwide- Cash out to complete construction and on completed projects.
Please see below terms and conditions for a Multifamily Bridge Loans:
1. Multifamily Bridge Loan Program Includes:
*Property Types*Apartment buildings*Student housing*Affordable housing*Seniors housing*Multifamily mixed-use Eligibility- Single or multi-asset portfolios. Purposes- Available for the acquisition or refinance of multifamily properties that do not meet the minimum requirements for permanent financing. Properties that are in lease-up, being re positioned rehabilitation and value add opportunities.
Bridge Loan Size-:
Multifamily bridge loans from $5 million with no maximum - smaller loans considered on an exception basis. Economic Occupancy: No minimum economic occupancy required Stabilized forecasted DSCR of 1.25 - interest rate used to determine DSCR is based on current permanent rate financing plus an additional spread of 100-150 bps.No in-place DSCR requirements for most properties and sponsors. A minimum in-place DSCR may be required for markets, properties or sponsors that exhibit higher risk.In place DSCR less than 1.05 requires an interest reserve.
Maximum LTV : Up to 80% LTV based on stabilized value. Leverage intended to be consistent with permanent financing levels at acquisition.
Amortization- Interest only.
Interest Rate: 8-12%
Terms- Negotiable with 6 Months grace period before the first payment begins.
Prepayment Penalty- Open to prepayment after six months.
Guarantee- Non-recourse for most loans subject to standard carve-outs.
Assumable- Yes, subject to lender approval.
Supplemental Loan:
Available 12 months from date of closing of first loan. Reserves Taxes and insurance. Deferred maintenance, repairs, major rehab costs.Interest reserve for may be required for properties with in-place DSCRbelow 1.05.Fees.
Fees Involved:
*1%-3% commitment fee
*1% exit fee (waived if refinanced through Platinum Escrows LTD).
*1% extension fee.
*Third party reports (TBD).
*Legal (TBD).
*Underwriting (TBD).
2. Loans for small and medium businesses/Student Loans:
99 % Approval Rate
• Unsecured loans
• Real Estate Loan
• Business Loan
• 2 hours processing
• 12 hours Approval Process
• Get Funded Within 48 hours
There is 8 months grace period. I lend at the rate of 6% with no prepayment penalty.
Loan duration 1-10 years.
Loan Options from $20,000 to $500 Thousand dollars in just 12 days.
Good & Bad Credit Personal Loans, Most Credit Types/SituationsConsidered, Reasonable Rates With Years To Pay Off, One Form, Multiple Reliable Offers.
*HIGH APPROVAL RATE
*MINIMAL PAPERWORK
*NO OBLIGATION TO ACCEPT
* NO PERSONAL GUARANTEE
* NO COLLATERAL NEEDED
I will be more than Glad to help. I look forward in closing deals with you.
Thank You
Atsumasa Tochisako
CEO/President
SproutFinder LLC
Office: 2035 Sunset Lake Rd, Suite B-2, Newark, DE 19702.
Email: [email protected]
Contact Email: [email protected]
Website: https://Sproutfinderllc.com
Phone: +1 (240) 203- 9444
Whatsapp Business: +1 (917) 722-6144
https://www.linkedin.com/in/atsumasa-to ... -0443061a2
Please do not tell scammers that they are listed here - it will take them seconds to change their fake details and their new details will not be listed for any future victims to find.
