Asset Based Lenders Today
The current market situation presents asset based lenders with a multitude of opportunities and risks. As the availability of conventional bank lending shrinks in the marketplace, independent asset based lenders are seeing an uptick in residential and commercial loan applications. This development is a once-in-a-generation opportunity for private asset based lenders to develop relationships with business that was previously out of reach due to strong bank competition.
Asset Based Real Estate Loans
Asset based real estate loans are a viable solution for businesses or real estate investors that cannot provide tax returns or have a few bumps on their credit report. Commercial real estate owners with equity less then 65% loan to value are the best candidates for asset based loans.
At the same time, across the board declines in sales and earnings make many business owners that own real estate a potential asset based loan borrower. How can your business capitalize on the opportunity to borrow when banks say no?
By working with Private Lending Groups to expand and leverage your real estate assets. Business owners have a lender that uses your real estate asset as collateral instead of boxes of documents and months of underwriting your loan request.
For more information on asset based lenders contact Private Lending Groups.
Hello My name is Rosendo and I am looking for a asset based loan in which My son and I have partnered up his mom on a piece of property zoned “commercial garden”, market value at the present is around $200,000.00, it was acquired through a family transfer through his mothers family, she needs $40,000.00 to cover she mothers expenses and would subordinate to a new 1st, said property is free and clear , there are two single family homes, 3/1 with attached garages for each one which the city wants them demolished or moved off the property to make way for office buildings, We have found two residential lots in which to move the houses too and the city is all for that, the cost of remodeling them is minimal , if you think you can help in this matter please call me a Rosendo
I am interested in speaking with you about providing an asset based loan on a 3 unit rental property that I have an opportunity to purchase.