THE NON-NEWS
BULLETIN,
NEWS BULLETIN,
ABOUT GENUINE PRIVATE MORTGAGE FUNDING
News? Not really.
No academic analysis. No economic insights nor forecasts. No hyperbole.
We have
private funds available essentially for first mortgage loans for completed
product (commercial or residential non-code, by far preferred) or DA approved
land. Will consider blend of first and second mortgages to get the gearing a
little higher.
Preferably
$500,000 to $3,000,000 per security. Strong transactions in a hurry. Genuine
private investors only.
No
valuations unless it’s complex (and we don’t like complex).
POA.
We only
deal via Brokers. You should already know the rules. I shouldn’t need to repeat
them to you. No unlikely locations. If there’s more than 30 seconds of
explanation then it’s probably not for us. If we can’t receive an application
in the afternoon, complete sufficient due diligence to have it approved before
lunch tomorrow, and issue instructions that afternoon, it’s probably not for
us.
We’re a
little bit “over” development applications, but will consider them where there
is a genuine back story.
Contact
Steven Acworth.
That’s it. The
end.
