DANNY, HERE’S YOUR ANSWER. YOUR LENDER CHARGING 15% AT 30% RATE FOR 5 YEAR TERM LEASE. WE DON’T DO LEASING. ITS PURCHASE. THEY OWN IT AFTER PAYMENTS ARE SATISFIED. OUR RATES ARE 12% TO 15%. NOTHING DOWN. 700 FICO. NO DOC IP TO $150,000. WE CAN GO OVER $150,000 WITH LIGHT DOC. We are direct commercial direct lender and we deal with hedge funds securitize AND KEEP INHOUSE OR sell. We do SBA 100% financing. On the same food trailer the pricing
$45,000 food trailer
1077 IRS Purchase
SBA EXPRESS LOAN
MANY COMPANIES USE LEASING AND NOT PURCHASE. PURCHASE PAYMENTS ARE HIGHER VERSUS LEASING
$45,000 LEASE
$45,000 PURCHASE
NO FIRST OR LAST MONTHS
TERMS 5, 7, AND 10 YEAR TERM
CANNOT USE LOAN USE FINANCING
CASE SCENARIO ON A
$100,000
RATES 12% TO 15% RATES. HIGHER THE RATE THE MORE BROKER MAKES. 24 TO 48 HOUR CLOSING.
6% TO 10% POINTS CHARGING TO BORROWER. BROKER GETS PART OF THIS
YOU MAKE money on the interest.
WAREHOUSE LINE ON COMMERCIAL LINE 1.5% TO 2.0% NOT FLOATING
WAREHOUSE LINE ON RESIDENTIAL LINE IS 6% FLOATING
YOU MAKE PART OF INTEREST PAYMENTS
NO Upfront Fees SINCE ITS A PURCHASE
$45,000 EXAMPLE
REFERAL 3% TO BROKER
KICKER OR POINTS UPFRONT LIKE YOUR COMMERCIAL LENDER
2% POINTS TO LENDER 3% TO BROKER. YOU CAN CHARGE MORE.
NO SBA FEES UP TO $150,000 SO DOWN FROM BORROWER SINCE ITS PURCHASE. NO FIRST MONTH OR LAST MONTH PAYMENTS. PAYMENTS ON PURCHASE ARE HIGHER VERSUS LEASE. DIANNE BURNETT WILL COVER MORE FAQ CASE SCENARIOS ON THIS FORUM.
NEXA Mortgage is a mega mortgage broker. AXEN Mortgage is a correspondent mortgage lender on residential mortgage lending.