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NO UPFRONT FEE BRIDGE LENDERS

CASH OUT - PURCHASE - REFINANCE - WINSTON ROWE & ASSOCIATES

By Winston Rowe & Associates | Mortgage Broker
or Lender in California
  • Market Update Distressed CRE Financing Available

    Posted Under: Financing in Florida  |  February 18, 2014 11:43 AM  |  122 views  |  No comments
    Winston Rowe & Associates is focused on financing transitional commercial real estate starting at $3,000,000. with no upper limit.

    These financing solutions come without upfront or advance fees for the processing and due diligence. In many cases financing can be completed in just a few weeks.

    • Discounted payoffs, no new cash required
    • Construction completion, commercial property only
    • Condo inventory
    • Development site acquisitions
    • Other non-bankable situations

    Winston Rowe & Associates target lending market is the East Coast, with a focus on the New York metropolitan area.

    When speed and experience are important and crucial to your commercial investing success, a principal at Winston Rowe & Associates is always available to speak with prospective clients.

    They can be contacted at 248-246-2243 or visit them on line at http://www.winstonrowe.com

    Winston Rowe & Associates provides no upfront or advance fee due diligence and advisory services in the following states.

    Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming
  • Commercial Real Estate Finance Options for Challenging Situations

    Posted Under: Market Conditions in Florida, Financing in Florida, How To... in Florida  |  December 9, 2013 10:26 AM  |  195 views  |  No comments
    Winston Rowe & Associates a national non investment due diligence, advisory and consulting firm specializing in structuring complex debt, private equity and institutional financing for commercial real estate.

    If you would like to learn more about lending options for your business from Winston Rowe & Associates you can check them out online at http://www.winstonrowe.com

    A common perception in today’s economy is that commercial banks do not want to lend. As anyone who works for a commercial bank can attest, this quite frankly is dead wrong. In fact, commercial banks are clamoring to put money into operating companies that have annual positive cash flow of more than $5 million and working capital assets.

    Lending standards have stiffened considerably since then, but banks still desperately want to provide loans to creditworthy companies. They are flush with cash, and interest rates are at historic lows. The main issue lenders are having with making loans is that their customers are showing very little demand for them. Corporations have record amounts of cash on their balance sheets, and companies that have credit lines continue to use them at abnormally low levels. While 60 percent was once viewed as a normal overall usage rate for credit lines, the figure has hovered around the 40 percent range for the past several years.

    Asset-Based Loans:

    An asset-based loan is secured by a company’s collateral, typically through its working capital. Collateral used includes accounts receivable and the raw material and finished goods portion of inventory. Secured capital can be up to 85 percent of accounts receivable and up to 60 percent of inventory. There are two main types of loan structures for asset-based loans:

    Asset-based loans are used in a multitude of business situations. They are particularly useful when traditional credit is tight or a company does not have sufficient cash-flow stability to qualify for a traditional loan. An asset-based loan is also an option for companies that have large amounts of working capital, are seeking expansion, or need to restructure.

    Companies seeking alternative lending options often do not have the luxury of time to wait for approval of a traditional loan. Turnaround time for securing an asset-based loan can be quite short. Asset-based loans can be used to help smooth out the unpredictability that operating firms face as they navigate through changing business climates. They can help to stabilize liquidity, enabling a company to operate more efficiently. Funds and nontraditional banks lend at a higher percentage of accounts receivable and inventory than traditional banks do. Asset-based loans also allow companies to maintain ownership of their assets.

    Factoring:

    Factoring involves the sale of an asset, such as accounts receivable or purchase orders, to an outside firm to help a company manage its collections and finances. Factoring creates an environment in which a lender becomes intimately involved with a company because the factor becomes the owner of the asset. Therefore, the factor is vested in the success of the firm, although a factoring arrangement is usually short-term.

    Factoring is an option for companies that are growing rapidly, such as a start-up, but need assistance with managing their receivables and invoices. It is also an option for a company that cannot obtain traditional or alternative lending, but has either substantial working capital to collateralize or purchase orders that are enticing to factors.

    Purchase Order Financing:

    Purchase order financing is a short-term financing method that allows companies to collateralize their invoice orders to obtain financing.

    Purchase order financing can be a funding source for companies that have purchase orders representing large amounts of future revenue on their books, but low levels of cash flow or collateral assets. The financing arrangement allows a company to purchase raw materials to continue developing goods that buyers have previously ordered. Financiers are willing to lend on purchase orders because buyers have set a demand precedent for the product. Purchase order financing is an option for companies that are undergoing rapid growth, such as start-ups or companies executing aggressive growth strategies.

    The main advantages of purchase order financing are that qualifying is relatively simple and that it can be implemented quickly. The main disadvantage is that it is more costly than traditional lending.

    SBA Loans:

    U.S. Small Business Administration (SBA) loans are orchestrated to help small businesses meet their capital funding needs when they are having problems securing traditional loans. Designed to spur small-business activity and therefore increase overall economic activity, SBA loans help small businesses secure financing through a variety of lending sources by guaranteeing repayment of up to 75 percent of the amount of the loan.

    The SBA connects companies with third-party lenders that are geared to meeting specific lending needs of small businesses. Typically, SBA loans are available for up to $5 million but in some cases may be as high as $10 million.

    Because of the repayment guarantee, underwriting due diligence is not as stringent for SBA loan approval as it is for traditional loans. One drawback to an SBA loan is the upfront cost. Borrowers must pay from 2.5 to 3.5 percent of the loan amount upon initiation.

    Mezzanine Financing:

    Mezzanine financing is a capital raise that involves a mix of both debt and equity. Namely, it is debt capital with equity warrants attached. Mezzanine financing is a subordinated form of capital, junior to the senior loans of banks and venture capitalists. It is a viable alternative for companies looking to expand via acquisitions, initial public offerings (IPOs), or organic growth. The advantage of mezzanine financing is that it can be obtained quickly because little or no collateral is required to secure the loan. It also acts as an equity component on the balance sheet and may ultimately help a firm secure a traditional loan. The main disadvantage is cost. Lenders who issue mezzanine financing typically seek returns in the 20 to 30 percent range.

    Hard Money Lenders:

    Hard money lenders are often referred to as lenders of last resort. A hard money loan is secured by the value of a company’s property, not by its collateral. These loans are sometimes used for distressed debt and turnaround situations, normally by companies that have a great deal of equity on their balance sheets. The loans are usually short-term. Under no circumstances will traditional lenders issue loans under these terms.

    The advantage is that a company finds a lender that is willing to issue a loan. The disadvantage is the cost of the loan and the risk inherent with a loan of this nature.
  • Announcing 70% LTV Commercial Bridge Loans No Upfront Fees

    Posted Under: Financing in Florida  |  June 25, 2013 1:52 PM  |  270 views  |  No comments
    Winston Rowe & Associates is pleased to announce one of the most competitive commercial real estate bridge loan solutions in the Nation.

    At 70% loan to value (LTV) with a core focus on the commercial asset, this bridge loan is designed for borrowers that need fast funding in days, not weeks or months.

    Their bridge loan program is designed for small and medium sized business needing capital deployments from One Million to Fifteen Million Dollars.

    Winston Rowe & Associates Program Highlights:

    • No Upfront or Advance Fees

    • Amortization Interest Only

    • Interest Rates Starting at 8%

    • Loan Terms from 12 to 36 Months

    Funding Uses:

    • Time Sensitive Situation

    • Property Acquisition

    • Note Acquisitions

    • Rehabilitation & Redevelopment

    • Lease Up & Stabilization

    If you would like to learn more about commercial bridge financing options for your business from Winston Rowe & Associates you can check them out online at http://www.winstonrowe.com

    Whether it's an initial purchase or a refinance they have the solution for you. Winston Rowe & Associates offers expert friendly service combined with years of experience and will work with clients to find the best solution that fits your needs.
  • Guide To Buying Hotels Winston Rowe & Associates No Advance Fees

    Posted Under: Financing in Florida  |  June 25, 2013 5:19 AM  |  154 views  |  No comments
    Hotels and motels can be great investments. The travel industry is not going away, and for this reason, there will always be a need for hotels and motels. While the investment in this industry is generally sound, not all hotels and motels are worth investing in.

    Prospective hotel investors that would like additional information about Winston Rowe & Associates and their hotel investment strategies can contact them at 248-246-2243 or visit them on the web at http://www.winstonrowe.com

    Winston Rowe & Associates is a national no upfront fee hotel financing company specializing in hotel loans including SBA 504 and 7(a), conventional, USDA B&I, and private funds for acquisitions, construction and take-outs, refinancing, and cash outs for both franchised and non-flagged independent hotels.

    As with any purchase of real estate, the condition of the structure should be checked, and inspected by a professional. Necessary repairs, as well as the need for updated furnishings, fixtures, equipment, and inventory should be considered. This information will help you in determining the market value of the property.

    Once the sale is complete, make sure that the owner gives you a separate bill of sale for all furnishings, fixtures, equipment, and inventory, as well as the deed to the property.

    Check with the county or state about planned changes and roadway construction. If the property is on a highway, and there are plans to build a loop, the property and business may not be as valuable as you thought it was.

    Stay at the hotel as a guest for a week. Try to do this before anyone is aware that you are considering the property. This will give you the opportunity to view the hotel or motel as a guest would.

    If the hotel or motel is franchised, read the franchise disclosure. Also, view the franchise agreement that the current owner has with the company, and find out if that agreement will be transferred to you, or if you will have a new agreement with the company. Find out what fees you will be required to pay to the company upon taking over the property.

    Check out the current competition, and consider the potential for future competition. Also consider the local reputation of the hotel or motel. If it has a bad reputation, it will be difficult to change the local opinion. A bad reputation drastically lowers the market value of the property.

    Look at the financial statements for the past two or three years. Also, check the occupancy rate. Look at room rates and expenses for running the business. Check the room rates at nearby hotels and motels for comparison. Verify all financial information.

    It is usual for the buyer to have a 30 day study period, and this is usually set down in the letter of intent or the agreement of sale. Use this period to check things out to your satisfaction. If you are not satisfied, you can back out of the agreement.

    Review contracts that the current owner has with suppliers, as well as customer groups. Find out if those contracts will be renewed or valid after you take over the property. Be sure that the contracts will be satisfactory for you as the owner of the property. If there are existing contracts that you may wish to cancel upon purchasing the property, make sure that you will be able to cancel those contracts without being penalized.

    Make sure that the hotel or motel is currently in compliance with governmental requirements. Also consider what licenses and permits you will need to get to operate the property, as well as the requirements and costs in obtaining those licenses and permits. Find out what insurance company is currently insuring the property and how much the premiums are. Do your own insurance shopping as well to see if you can get better coverage, or a better rate.

    Winston Rowe & Associates has an excellent knowledge based hotel and motel investor resource for commercial real estate valuation and market analysis located at:

    http://www.winstonrowe.com/Free_Real_Estate_Resources.html
  • Hard Money Loan Lenders Florida No Advance Fees

    Posted Under: General Area in Florida, Financing in Florida  |  March 23, 2013 11:12 AM  |  249 views  |  No comments
    WINSTON ROWE & ASSOCIATES WEB SITE

    Today, more than ever, traditional banks continue to "Talk" about Lending, but few actually are.

    Winston Rowe & Associates, a national no advance fee hard money commercial bridge loan firm specializes in time sensitive financing solutions.

    Why investors are turning to Winston Rowe & Associates.

    Commercial banks and financial institutions throughout Florida seldom offer hard money loans. Rather, most hard money lenders in Florida are private companies like Winston Rowe & Associates who specialize in high-risk commercial real estate investments.

    When speed and experience are important and crucial to your real estate success, contact Winston Rowe & Associates, a principle is always available to speak with prospective clients. They can be contacted at 248-246-2243 or email them at processing@winstonrowe.com

    They also have many other commercial real estate financing solutions that meet almost every need. Check them out online at http://www.winstonrowe.com

    • Never an upfront or advance fee

    • Zero red tape during the due diligence and underwriting processes

    • Their hard money bridge loans can fund in just a few weeks

    • They consider all commercial real estate types

    • Loan amounts start at Two Hundred Thousand with no limit

    Winston Rowe & Associates best business practices process ensures that their clients receive lighting fast funding with the most aggressive rates and terms available, while managing every step of the financing process from document collection to commitment negotiation and closing.

    Winston Rowe & Associates provides no upfront or advance fee commercial bridge loans in the following states.

    Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming
  • Commercial Loans Hotels – Motel Loans – No Upfront Fees

    Posted Under: Financing in Florida  |  March 19, 2013 10:33 AM  |  129 views  |  No comments
    WINSTON ROWE & ASSOCIATES WEBSITE

    If you're looking for hotel/motel financing that comes with customer service, look no further than Winton Rowe & Associates. Their hospitality financing comes with experienced professionals that can explain your financing plan and how your repayment plan will work, so there's no guesswork. There's little waiting time for hotel/motel financing, so you can purchase a property and start making a profit sooner.

    Winston Rowe & Associates has been one of the most trusted and respected private capital firms in the hotel and motel financing business.

    You can contact Winston Rowe & Associates at 248-246-2243 or visit their web site at: http://www.winstonrowe.com

    Are you ready to find out how much you’ll need to get started in hotel/motel ownership today? Are you a current hotel/motel owner, wondering how much you can save with a refinance through Winston Rowe & Associates?

    The Winston Rowe & Associates Advantage:

    No Upfront or Advanced Fees
    Purchase, Refinance, Bank Cram Down Loans
    $250,000 to $510 million
    Up to 80% Loan to Value
    Nationwide
    Close in 30 Days With a Complete Submission

    Winston Rowe & Associates knows what a great investment opportunity hotel/motel ownership can be. They offer both mortgage financing and refinancing for an array of hotel owners or soon-to-be owners, for hotel acquisition and construction of new hotel properties.

    Their experienced and enthusiastic hospitality professional team has the know how needed to make the loan process as easy as possible for our borrowers.

    Winston Rowe & Associates success is measured by our clients' success, and their mission is to be your source for the most appropriate - and advantageous - hotel financing solution that helps you achieve your goals.
  • Commercial Loan Check List Winston Rowe & Associates

    Posted Under: Financing in Florida  |  February 6, 2013 7:38 AM  |  142 views  |  No comments
    WINSTON ROWE & ASSOCIATES WEBSITE

    Winston Rowe & Associates has prepared this article to provide commercial real estate investors with an understanding of the supporting documents needed to perform the due diligence prior to underwriting of a commercial loan.

    Commercial real estate investors seeking additional information about Winston Rowe & Associates can contact them at 248-246-2243 or email them at processing@winstonrowe.com

    Also check them out online at http://www.winstonrowe.com

    The ensuing is a general list of supporting documents that are required by most commercial real estate lenders.

    Financial Supporting Documents:

    1. The last three (3) years corporate tax returns

    2. The last three (3) years business tax returns

    3. Name and address of corporate bank

    4. Business Profit & Loss 3 Years, For Seller or Buyer

    5. Most recent copy of business bank statement

    6. Personal financial statement for all guarantors

    7. Use of Proceeds In An Excel Format For A Cash Out Refinance

    8. Verification of source of down payment

    Property Supporting Documents:

    1. Schedule of Tenants Leases

    2. Copies of Tenant Leases

    3. Schedule of Units with Square Foot Per Unit Excel Format

    4. Schedule of improvements to be made with cost breakdown to subject property

    5. Exterior Photos of Subject Property Photos of Parking Lot, Street view

    6. Interior Photos of Subject Property

    7. Most recent appraisal

    8. Copy of the First Page of the Insurance Binder for Refinance

    9. List of All Litigation Past and Present

    10. Copies of All Recently Issued Letters of Interest and (or) Commitment Documents

    Guarantor Supporting Documents:

    1. 4506 T executed

    2. Tri merge credit report

    3. Government issued photo ID copy – front and back

    4. Signed and Completed Personal Financial Statement.

    5. Articles of Incorporation, For Purchase or Refinance

    They have a core focus on providing loans for income producing commercial real estate properties starting at $250,000 through $100,000,000 nationwide.

    Winston Rowe & Associates provides no upfront or advance fee commercial loans in the following states.

    Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,  Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia,   Washington, Washington DC, West Virginia, Wisconsin, Wyoming
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