Posts Tagged ‘commercial loans
05
Nov
11
Donald and the economy
05
Jul
11
New Rules for Money
14
Apr
11
Banks Can’t Touch This!
Local Banks Can’t Touch Our Speed?
SPEED is the name of the game. Sometimes you have clients who just need to close fast. We can get the deals done QUICK, just check out these two closings…
Investor Refinance of a $1.2 million loan on a retail shopping center. The client came to us after being denied by a local bank. The note was due and the lender was willing to extend it on an adjustable loan but this borrower wanted a low fixed rate. We closed her in 34 calendar days from app to closing BUT, she took 4 days to sign the commitment letter. We could have closed this in 30 days! We did this with our IN-HOUSE LENDING PROGRAM. That was with a new appraisal, inspections, everything. Her Rate? 5.9 fixed for 5 years.
The borrower said at the closing, “Thank you SOOO much. Orlando said I would be in good hands”. If the borrower won’t hesitate, we can close conventional loans with great rates in 30 days consistently on our in-house program.
Discounted Note Deal closed in 8 days! Sometimes people don’t have 30 days. This guy was going to lose the property if he did not close by Wednesday. The lender was calling the note and offered a deep discount if he would pay it off by a certain date-otherwise, they would execute the foreclosure. He signed our agreement on Monday, March 28. We ordered a quick review appraisal on the spot and had the file closed the following Wednesday-in just 8 business days through our private money fund. This fund will look at any type of property as long as the deal makes sense. It must be RE based, and we won’t go above 65% LTV but we can close lightning quick. This borrower got $500,000 off on his note by closing on time and saved his property to boot!
The broker who sent the deal said, “Ernie called & is thrilled at how well everything went with the closing. He couldn’t thank me enough for getting this done in such a short time period. He now believes that I have the ability to get loans closed & will be sending referrals over my way.” Closings beget more closings!
If you have a loan that needs to close quickly, or you know of someone who needs to close quickly, give me a call. Our in-house lending and our private money fund are closing loans and fast. Call me today (888) 890-2416 or email at info@thefernandezgroup.com.
Perry Fernandez
P.S. We are closing commercial loans of all types, from the new High LTV 504 Refinances that can allow commercial refinances to 90% LTV all the way to private money transactions for people with “issues”, we can get them done! Call me today at (888) 890-2416 for help for you or someone you know-we have money to lend!
I attended our bi-weekly men’s “Band of Brothers – Meat Only Potluck” at Jubilee Christian Center in San Jose, Ca last night. Since I was in a hurry, I went to the fast food drive-thru and bought the meal deal 10 taco package from Taco Bell to share with the other men.
For sure, it may not hit all the P90X mineral and nutrient levels, but it didn’t matter, the tacos combined with whatever meat meals someone else brought always seemed to go down better when you’re surrounded by Godly men in pursuit of something more and anticipating a word of direction for their lives.
For the past several weeks, the discussions at these “Band of Brothers – Meat Only Potlucks” have been centered around Dr. Myles Munroe’s book on “Vision” – The Power of Vision, Being Directed by a Clear Vision, Your Potential in the Vision.
As men, we all need to have a vision for ourselves, our family and our business. From Stephen Covey’s book, The 7 Habits of Highly Effective People, Habit #2 is “Beginning with the End in Mind”, having a clear vision of what we want to accomplish, or better yet, having clarity as to our purpose.
I wanted to share some of my notes about our discussion last night.
Jesus said…I must be about my Father’s business (Luke 2:49)….for this purpose I have been sent (Luke 4:43)…I have finished the work which You have Given Me (John 17:4)
We must be directed by a clear vision by asking ourselves the burning questions that open us up to those mysterious answers awaiting to be confirmed by our inner desires, such as, What is it I want? (Neh 2:4)…Why was I born?
To have a vision, we must choose where we want to go in life and then be Decisive and Faithful in carrying it out. However, in order to find your vision, you must be in touch with the values and priorities of The Kingdom of God.
Just as important, we have to know our potential for fulfilling vision. Now to him who is able to do immeasurably more that all we ask or imagine, according to his power that is at work with us (Eph 3:20)
Remember that whatever we were born to do, we are equipped to do. And we must come into awareness of our potential. For God will never call us to an assignment without giving us the provision of accomplishing it. Don’t ever allow anyone else to judge your potential.
Ultimately, dreams are given to us to draw out what’s already inside us and to activate God’s power in enabling us to achieve our visions. Our ability to accomplish our vision is manifested when we say Yes to our dream and Obey God.
If you are in search of your Vision and happen to be in the Silicon Valley Area, Ca, I encourage you to attend a Band of Brothers event. Email me for more information at perry@thefernandezgroup.com.
The Fernandez Group has a passion for creating solutions needed to improve the local economy and America. We believe that improving the economy by job creation comes from local entrepreneurs and investors having a clear vision. To learn more about how we can help stimulate the economy from our commercial capital services, please contact us at info@thefernandezgroup.com or call us at 888.890.2416.
03
Dec
10
America On Sale
Commercial Foreclosures Up 500%
“Hang on for the ride”, was the mantra at a recent conference I attended regarding commercial real estate investing.
As thrilling as the opportunity might sound, I wanted more insight as to what all the HYPE was about in commercial real estate investing, so I decided to jot down some notes that struck a chord.
BUT IS IT ALL HYPE? You be the Judge…
Over the last decade many commercial property owners took advantage of the flexible lending environment, financing their dreams with highly leveraged, short to mid-term loans, anticipating quick future appreciation. But with the dramatic change in the economy and property values decreasing, the possibilities of refinancing are now slim to none.
The Big Wave is coming…property owners can’t refinance, can’t sell, where more and more banks are forced to work with the owners. It’s anticipated that over the next 18-24 months, everything will be on sale…
For those looking to CASH IN on the FIRE SALE…
Here are 7 Deadly Sins to Avoid in Commercial:
1. Paying too much for the property
2. Not enough cash equity for the investment
3. Lack of initial property due diligence
4. Over leveraging the property
5. Believing you can obtain market rate financing without having skin in the game
6. Waiting until the last possible moment to arrange financing and picking the wrong mortgage broker to provide financing for your project
7. Lack of a solid exit plan
Now that you know what to avoid, here are 6 common types of commercial opportunities:
1. Multi-family
2. Office Space
3. Retail
4. Mixed Use (Lifestyle Communities)
5. Hospitality (Hotels, Hospitals, Self-Storage, Mobile Home Parks)
6. Raw Land
And where do you find these opportunities? well here are 13 tried and true places to find commercial deals:
1. Hard Money Lenders
2. Private Lenders
3. Bank Workout Department
4. Defaulted Commercial Paper
5. CCIM Realtors, Brokers
6. REIC (Real Estate Investment Club)
7. Attorneys (BK, Probate)
8. Courthouse
9. Internet Search
10. Apartment Association
11. Letters to Owners
12. Distressed Properties
13. Networking Groups
Find the Help You Need! Sign up with us for VIP access to our HOTTEST DEALS…
At The Fernandez Group, we specialize in buying investment property. We are the premier real estate investment company in the Silicon Valley market. The type of properties we buy range from residential to commercial handymen’s specials, REO’s to pre-foreclosures. Our mission is to develop a list of clients who rely on our team for 100% of their purchases. If you would like for us to consider adding you to our current buyers list, please contact us at (888) 890-2416 or email us at info@thefernandezgroup.com
22
Sep
10
Small Business, Big Opportunity
HR 5297 passed the Senate last week. This Bill is HUGE for small businesses and the economy.
So here is a super quick rundown of just some of the benefits and what they mean to businesses, focusing on a few of the HUGE changes to SBA and commercial lending and what they mean to the marketplace and the economy.
- Increase of the guarantee on the SBA 7A loan from 75% to 90%.
- Increase the SBA loan limits on the 7A loan from $2 million to $5 Million and on the 504 loan from $1.5 Million to $5.5 million.
- Allows refinancing on the 504 Loan Program – THIS IS A GAME CHANGER.
- Waive the SBA fees – Generally 2% of the loan amount, these fees are now waived until the end of the year. This makes it cheaper to do these loans and saves borrowers thousands.
The benefits of the Bill will be felt for years to come. Small businesses are the backbone of this country and by freeing up the credit available to them, by allowing them to consolidate and save money, by allowing the better run businesses and the larger businesses access to capital, we will see an increase in jobs, in revenue, and ultimately, in the economy.
As for us, we are about to get really busy writing up these loans for these hard working small business owners that are the engine of growth in this economy!
Here is what our commercial funding sources have recently closed:
- Firehouse Subs Franchise – Loan Amount: $ 270,000 – Location: Louisville, KY
- Self- Directed IRA Financing – Loan Amount: $118,000 – Location: Noblesville, IN
- Firehouse Subs Franchise – Loan Amount: $ 272,000 – Location: Missouri
- Self- Directed IRA Financing – Loan Amount: $ 172,122 – Location: Rehoboth Beach, DE
- Multi-Family Purchase – Loan Amount: $1,650,000 – Location: Washington State
- Self-Storage Facility Purchase – Loan Amount: $400,000 – Location: Georgetown, DE
- Securities Financing – Loan Amount: $3,000,000 – Sandwich, IL
- Retail Cash-Out Refinance – Loan Amount: $250,000 – Location: Hamden, CT
- Office/Warehouse Refinance – Loan Amount: $350,000 – Location: Davie, FL
- Self- Directed IRA Financing – Loan Amount: $ 1,284,572 – Location: Bonita Springs, FL
- Office Business Acquisition – Loan Amount: $1,780,000 – Location: Fort Wayne, IN
- SBA Purchase – Loan Amount: $1,193,000 – Location: Bonita Springs, FL
- Multi-Family Refinance – Loan Amount: $250,000 – Location: Crestwood, IL
- Self- Directed IRA Financing – Loan Amount: $104,757 – Location: Brookhaven, PA
- (4) Burger King Franchises Purchases – Loan Amount: $2,640,000 – Location: Louisville, KY
- Ofc Purchase/Imprv/Working Capital – Loan Amount: $874,000 – Location: Allentown, PA
- Commercial Business LOC – Loan Amount: $750,000 – Location: Porterville, CA
- Firehouse Subs Franchise – Loan Amount: $ 290,000 – Location: Columbus, OH
If there is a commercial finance scenario that you would like for us to review, contact us at info@thefernandezgroup.com or call our office at (888) 890-2416.
No Dream is Too Big!
Perry Fernandez
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12
Jul
10
Rates as Low as 0%? Impossible!
The benefits of our Commercial Loan Modification program are substantial and cannot always be quantified in dollars and cents.
For example, we can all agree that an interest rate reduction or the extension of your loan term to prevent a balloon payment or adjustable rate can be expressed in a simple math equation, right? On the other hand, consider the interest earned from increased cashed flow generated from those savings or the equity and returns gained by remaining in business during lean years which will only be realized by implementing a long-term solution.
See, most of our existing clients would not be in business today without the cash flow created by our strategic relationships with major commercial lenders. Imagine what it would be like if we were able to provide the same tangible, cash benefit to your business! Where would your business be in next three, five or ten years?
Submit your FREE Pre-Qualification today to see how much our Commercial Loan Modification can save you on the terms of your loan!
Free Cost Savings Analysis
We look forward to putting on paper the benefit of our program by providing you a Cost Savings Analysis at no cost or obligation!
Our free Commercial Loan Modification Pre-Qualification process gives us the information and insight we need to determine exactly how we can help you. All completed Pre-Qualification worksheets are reviewed by our seasoned negotiators and compared with previous loan modifications to determine the savings and cash flow we can add to your bottom line.
The typical turnaround for a no cost, no obligation Commercial Loan Modification Cost Savings Proposal is ten business days or less. Let one of our experienced negotiators review your Pre-Qualification worksheet to determine how we will can assist you today!
To receive your Free Cost Savings Analysis simply call our office at (888) 890-2416.
Remember, getting started is easy and costs you nothing to find out your potential savings!
Industry Leading Results
The good news is we are a full service company providing real-time status tracking via secure client portal. When it comes to your business investment you must be certain that you are working with a company that has your long-term best interest in mind.
Our Commercial Loan Modification staff consists of seasoned professionals with a minimum of ten years experience working directly with lenders in various capacities including underwriting, loss mitigation, valuation models and real estate law to ensure you receive the highest level of service, professionalism and results.
A careful approach and an understanding that your business needs to be positioned for long-term growth allows us to maintain a level of client satisfaction unrivaled in the our industry. We only take on new clients after thorough research and certainty that our solution will result in a strong value proposition for your business.
Feel free to contact one of our experienced professionals for more information on how we can serve your real estate and mortgage needs.
Contact Us
We are here for you and look for the opportunity to earn your referral business!
The Fernandez Group, a branch of a national commercial lending company, was started by Perry Fernandez to capitalize on the commercial loan requests. Over the years, we have learned the nuances of the commercial lending arena and now have the team in place to provide the great rates and flexibility of a broker with the underwriting knowledge of direct lenders. In so doing, we can fill the void between the local commercial bank with its slow approvals, rigid terms, zero follow-up and restrictive criteria and the “hard money” lenders who will give you 15%+ rates.
In fact, we will help structure the deal and can often get the loan approved with banks and lenders that you would be unable to get done. Plus, through a strategic alliance, we are a direct lender and correspondent lenders with several national banks–which means better pricing for you and your clients; and we have access to all of the nationwide lenders and direct conduits to Wall Street money.
As the numbers of deals we do grow, and the database of lenders that respect our underwriting grows, our ability to provide truly the finest service and terms available is reaching new highs. When you bring your deal to The Fernandez Group, you are getting a partner that will help you get the right deal for your dream. At The Fernandez Group, no dream is too big!
We are fast becoming the most proven player in the commercial lending space and we look forward to working with you to make your commercial dream a reality.
Think Big!
Perry Fernandez
888-890-2416
info@thefernandezgroup.com
http://thefernandezgroup.com
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12
Apr
10
Exponential Business Growth
Exponential Business Growth
Your database is an infinite source of revenue for you. 200 names marketed with alternating methods, such as emails and phone calls are good for a MINIMUM of 5 closings a month when done consistently (emails one month, phone call the next). You just see 200 names, but those 200 people each know 50 people on a first name basis which makes the database 10,000 and don’t you think you can get just a small percentage of that? Included in most people’s 50 “fast” names are insurance people, as well as colleagues, friends, church members, attorneys and more, the opportunities are endless!
And in tight times, you can add more value than ever before with a simple follow-up system of alternating emails and phone calls will have you top of their mind and inexpensively as well. A common question I get goes something like this, “Perry, what do I talk about when I call these people? Especially when I just talked to them 2 months ago? I was just wondering what kind of conversation topics you might suggest when you are talking to them that often?”
That first call after the first value added email should be a simple, “Just calling to make sure you received the helpful info I sent you” and then move into the best question of all…
“so how are things going?”
The key is to get them talking about their life and especially their problems because in the issues are the opportunities to sell other things…refer them to your affinity partners, etc.
The key is relationship, building trust, solving their problems and if everything is hunky dory, try to at least get a referral …something. Everyone needs to know a good Advisor, especially now as the market has changed. Make sure they have all your contact info and know that they can refer you. You do that on every call and you will be winning the game big time.
Remember, don’t make this hard…don’t call to sell them something. Call to check in, make sure you have their info correctly in your database, check to make sure they received your helpful info, and then ask them “how they are doing” and listen. Your database is a goldmine just waiting for you to tap it….
Perry
P.S. Remember, in tough times, often a good commercial mortgage firm can make or break a deal. Call me today to review not just changes in the industry but ways that we can help grow your business. We are more than a brokerage-We are trusted advisors COMMITTED to YOUR success. Just give us a call at 888-890-2416 or email us at info@thefernandezgroup.com
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30
Mar
10
Liquidity in an Illiquid Market
Providing Liquidity to Illiquid Situations:
The Fernandez Group has private commercial real estate providers of debt and equity nationwide. They partner with, and provide initial transaction terms and due diligence with sponsors, investors, and borrowers who can co-invest on the following types of transactions:
1. Distressed note acquisition
2. Distressed note financing
3. Distressed asset financing
4. Project recapitalizations
5. Existing loans
6. New acquisitions
7. Short term bridge loans
Products consist of deals from $1MM to $7MM and range from 1 to 4 years. If you or your client is in need of such financing please contact our team by clicking on the following link: Submit Scenario
The Fund’s strategy is to be a provider of capital in this market, versus a buyer of assets.
The focus of the Fund will be to provide capital in the form of debt, participating debt, preferred equity and equity. The Fund seeks to work with the following sponsors:
- Sponsors who have an opportunity to repurchase their debt.
- Sponsors who are in need of recapitalizing or restructuring their existing debt.
- Sponsors who have new opportunities under contract (fee simple acquisitions or note acquisitions).
- Legacy lenders wishing to sell or joint venture their problem assets. The Fund has developed a “private bad bank” model, designed to assist privately held community banks in removing troubled assets from the books without a write off and being able to maintain upside.
The Fund is focusing on the smaller balance space, and transactions in the $500,000-$10 million range. Yield requirements start at 12% and increases based on the risk profile. The Fund does not typically require recourse or yield maintenance, and transactions can typically be prepaid at any time.
If you or your client is in need of such financing please contact our team by clicking on the following link: Submit Scenario
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30
Mar
10
Rise Up to Your Potential
Sometimes, I come across articles that I think are really good. I like to share those with you from time to time. I hope this adds value to you today. Give me a call today at (888) 890-2416 or email us at info@thefernandezgroup.com to see all the ways I can build your business. Enjoy this article by best selling author and leadership expert Dr. John C. Maxwell.
“Discipline: The Path to Potential
By Dr. John C. Maxwell
He may have been the most naturally gifted baseball player of all time. He was clocked rounding the bases in an incredible 13 seconds. Yet, his speed was nothing compared to the power of his hitting. It’s been said there were home run hitters, and then there was this man – in a league of his own. The Guinness Book of World Records credits him with hitting the longest home run ever measured, at 643 feet.
The player I’m describing is the great Mickey Mantle. By the age of 19 he had been called up to play for the New York Yankees. He won a World Series his rookie year, and his teams would capture seven championships over the course of his career. By the time he retired, Mantle had played more games as a Yankee than any other player, and had been named MVP of the American League three times. He still holds the all-time World Series records for home runs, runs scored, and runs batted in.
Yet, in spite of his impressive accomplishments, experts believe Mickey Mantle never reached his potential. Most blame Mantle’s chronic knee injuries for preventing him from doing more. But injuries weren’t the root of the problem. What most people didn’t know was that Mantle was a raging alcoholic.
At age 62, with his health and family life a mess, Mantle checked into the Betty Ford Clinic and started the long road to sobriety. Looking back from this vantage point, he assessed his career:
I never fulfilled what my dad had wanted [to be the greatest player who ever lived], and I should have. God gave me a great body to play with, and I didn’t take care of it. And I blame a lot of it on alcohol.
Everybody tries to make the excuse that injuries shortened my career. Truth is, after I’d had a knee operation the doctors would give me rehab work to do, but I wouldn’t do it. I’d be out drinking… I hurt my knees through the years, and I just thought they’d naturally come back. Everything has always come natural to me. I didn’t work hard at it.
Despite his great natural talent, Mickey Mantle never disciplined himself off the field. By the time Mantle was ready to change, it was too late. His liver was ruined from a life of alcoholism, and he died at age 64 from inoperable cancer.
Four Truths about Discipline
What were you born to do? What is your dream? To become the person you have the potential to be, you have to cultivate a life of discipline. Consider these truths concerning discipline:
Discipline Comes with a Price Tag
Discipline is costly. It demands a continual investment of time, energy, and commitment at the expense of momentary pleasure and ease. Discipline means paying hours of practice to win the prize of skill. Discipline means giving up short-term benefits for the hope of future gain. Discipline means pressing on to excellence long after everyone else has settled for average.
Discipline Turns Talent to Greatness
When you read about someone like Mickey Mantle, you realize that too much talent can actually work against someone. Super-talented individuals can coast on sheer ability and neglect building the daily habits of success that will sustain them. Poet Henry Wadsworth Longfellow shared much insight when he wrote:
The heights by great men reached and kept
Were not attained by sudden flight,
But they, while their companions slept,
Were toiling upward in the night.
If you want to reach your potential, attach a strong work ethic to your talent.
Discipline Focuses on Choices, Not Conditions
In general, people approach daily discipline in one of two ways. They focus on the external or the internal. Those who focus externally allow conditions to dictate whether or not they remain disciplined. Because conditions are transitory, their discipline level changes like the wind.
In contrast, people with internal discipline focus on choices. You cannot control circumstances, nor can you control others. By focusing on your choices, and making the right ones regularly, you stay disciplined.
Discipline Does Not Bow Down to Feelings
As Arthur Gordon said, “Nothing is easier than saying words. Nothing is harder than living them, day after day. What you promise today must be renewed and redecided tomorrow and each day that stretches out before you.”
If you do what you should only when you really feel like it, then you won’t build disciplined habits. At times, you have to act contrary to emotions. If you refuse to give into your lesser impulses, no matter how great they will make you feel in the moment, then you’ll go far.
Summary
Discipline is a matter of taking total responsibility for your future. Choose not to blame circumstances for the outcome of your life. Choose to go beyond your natural talent. Choose to make wise decisions repeatedly. Choose discipline as the path to your potential.”
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