{"id":461,"date":"2012-04-12T12:20:01","date_gmt":"2012-04-12T19:20:01","guid":{"rendered":"http:\/\/privatemoneysource.com\/broker-blog\/?p=461"},"modified":"2012-04-12T12:20:01","modified_gmt":"2012-04-12T19:20:01","slug":"ffs-has-new-source-of-private-money-funds-nationwide","status":"publish","type":"post","link":"https:\/\/privatemoneysource.com\/broker-blog\/?p=461","title":{"rendered":"FFS has new source of private money funds nationwide"},"content":{"rendered":"<p>I am pleased to announce that we now have a new source of funds nationwide, and for larger loans than what we have typically been able to do. The basic parameters are as follows:<br \/>\nELIGIBLE LOCATIONS<br \/>\nAnywhere in the United States<br \/>\nELIGIBLE PROPERTIES<br \/>\nIncome producing commercial real estate properties including multifamily, but no construction<br \/>\nTRANSACTION SIZE<br \/>\n$2 million to $15 million<br \/>\nMax LTV<br \/>\nUp to 65% of Lender&#8217;s assessed value &#8211; will accept cross-collateral to support equity requirements<br \/>\nRATES<br \/>\n12% &#8211; 15%<br \/>\nORIGINATION FEES<br \/>\n3% &#8211; 6%<br \/>\nDUE DILIGENCE DEPOSIT<br \/>\nEXIT FEES<br \/>\nNegotiable<br \/>\nLOAN TERM(S)<br \/>\n6 &#8211; 36 months, extension options available<br \/>\nCLOSING TIME<br \/>\n2 &#8211; 4 weeks is typical<br \/>\nDUE DILIGENCE DEPOSIT:<br \/>\nUpon acceptance of the term sheet, Borrower will be liable for all out-of-pocket third party expenses (including but not limited to environmental, property condition report, ALTA survey and Legal fees), and shall make a deposit of $10,000 to $15,000 to cover such expense. Lender will not require an Appraisal. Any remaining due diligence deposit will be refunded to the Borrower at closing.<br \/>\nIf you have a loan that might fir with these parameters, please e-mail me at     clay@privatemoneysource.com or submit by entering a brief summary at <a href=\"http:\/\/www.privatemoneysource.com\/loanproposal.php\">http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a>. Otherwise, if you would like to get a     better feel for our company and the types of programs we do, please     browse our web site at <a href=\"http:\/\/www.privatemoneysource.com\/\">http:\/\/www.privatemoneysource.com<\/a>.<br \/>\n\u2013 Clay (clay@privatemoneysource.com, 503-476-2909)<br \/>\n<em>Clay is Vice President of Fairfield Financial, a primary source                        for private money since 1964.\u00a0 Fairfield is  currently           targeting       loans    in    OR, WA, AK, CA, CO,  ID, FL, GA,   ID,   MT,       NV, NY, OK   and     TX.\u00a0 To    submit  a    loan to    Fairfield  for       consideration: <\/em><a href=\"http:\/\/www.privatemoneysource.com\/loanproposal.php\">http:\/\/www.privatemoneysource.com\/loanproposal.php<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am pleased to announce that we now have a new source of funds nationwide, and for larger loans than what we have typically been able to do. The basic parameters are as follows: ELIGIBLE LOCATIONS Anywhere in the United States ELIGIBLE PROPERTIES Income producing commercial real estate properties including multifamily, but no construction TRANSACTION [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":""},"categories":[4,16],"tags":[37,42,43,46,54,55,58,62],"_links":{"self":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/461"}],"collection":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=461"}],"version-history":[{"count":0,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=\/wp\/v2\/posts\/461\/revisions"}],"wp:attachment":[{"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privatemoneysource.com\/broker-blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}