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Why borrowers select FMC:
- Quick funding for time sensitive loans
- Loss of bank loans, for any reason, including credit denials and excessive loan conditions
- Borrower's election to avoid the long hassle of processing a bank or institutional loan
- FMC's ability to make larger loans with more flexible terms than most banks
- Short term bridge loans
- Property purchased with a percentage of down payment in the form of subordinated seller financing
- Construction loans from infrastructure and vertical construction
- Borrower has an opportunity to make an investment in a new property using the equity in the real estate he/she owns. Point Center can cross collateralize both properties
- Borrower has circumstances making it difficult to obtain institutional loan including, but not limited to:
- Complex financing structures (LLCs, partnerships, trusts, and corporations)
- Credit problems (minor to moderate)
- Tax liens (Federal and state taxes, estate taxes, etc.)
- Foreclosure or receivership
- Bankruptcy (old or current)
- Other liens (judgment, Homeowners Association, property tax, etc.)
- Property held in probate, trusts, family limited partnerships, irrevocable trusts, corporations, etc.
- Divorce, medical emergency, or unemployed
- Property has characteristics making it difficult to obtain an institutional loan including, but not limited to:
- Partially or nearly completed construction of the building
- Property improvements or rehabilitation
- Loan is needed to increase the occupancy rate of the property
- Note Hypothecations (loans secured by assignments of notes and trust deeds)
Why borrowers select FMC:
- Quick funding for time sensitive loans
- Loss of bank loans, for any reason, including credit denials and excessive loan conditions
- Borrower's election to avoid the long hassle of processing a bank or institutional loan
- FMC's ability to make larger loans with more flexible terms than most banks
- Short term bridge loans
- Property purchased with a percentage of down payment in the form of subordinated seller financing
- Construction loans from infrastructure and vertical construction
- Borrower has an opportunity to make an investment in a new property using the equity in the real estate he/she owns. Point Center can cross collateralize both properties
- Borrower has circumstances making it difficult to obtain institutional loan including, but not limited to:
- Complex financing structures (LLCs, partnerships, trusts, and corporations)
- Credit problems (minor to moderate)
- Tax liens (Federal and state taxes, estate taxes, etc.)
- Foreclosure or receivership
- Bankruptcy (old or current)
- Other liens (judgment, Homeowners Association, property tax, etc.)
- Property held in probate, trusts, family limited partnerships, irrevocable trusts, corporations, etc.
- Divorce, medical emergency, or unemployed
- Property has characteristics making it difficult to obtain an institutional loan including, but not limited to:
- Partially or nearly completed construction of the building
- Property improvements or rehabilitation
- Loan is needed to increase the occupancy rate of the property
- Note Hypothecations (loans secured by assignments of notes and trust deeds)
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