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Business/Economy:
Could Multifamily Lead Single-Family Out of its Recession?
Private Market Lenders, Investors Would Have To Step it Up
Click Here to Read the Full Article
If you are considering purchasing a property, check out the "Resource Center" in the left-hand column of this newsletter for interactive online tools that can help answer just about any industry related question.
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Monthly Moments of Seriousness:
Girl Swallowed by Pavement in China
Imagine walking down the street, chatting on the phone when suddenly the sidewalk opens under your feet and you fall 18 feet into the darkness under the street. That's exactly what happened to this poor woman in China. The accident was captured on a surveillance camera aimed at the street. You must see this video to believe it!
Click Here to Watch the Video
Stressed Cat Had a Long Day At Work
A cat's life can be extremely stressful. Scratching furniture, playing with toys, sleeping, chasing laser pointers and being petted all day...Sounds rough right? The cat in this video unwinds by getting a neck massage. He's got to work out all those knots.
Click Here to Watch the Video
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Program of the Month:
A NEW STATED FUNDING PROGRAM
In one of the surest signs that the money is flowing back into commercial lending, stated income loans are once again available! This source came to the game late in 2008 with a stated product and when Lehman went down, they pulled the plug quick. So they did not have a lot of exposure-they did not get hurt in the commercial collapse. Over the last couple of years they have been building up reserves and waiting for the ideal time-and now they are ready to deploy.
| The Program: |
With the EXCEL Commercial Capital small balance loan program,
less is more. By starting and closing with us, we provide a more efficient and quicker process for funding small balance commercial loans.
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| Product Type: |
Purchase, Refinance and Refinance with Cash Out
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| Property Type: |
- Multi-family (5) Plus Units
- Mixed-Use
- Office & Retail
- Motels **
- Mobile Home Parks **&
- Warehouse/Light Industrial
- Garage & Auto Repair
- Churches & Non Profit **
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| Program Types: |
Stated Documentation
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| Highlights: |
Loan Amounts from $500k to $3 MM
LTV up to 75%
Credit as low as 600 fico **
Fixed and Adjustable Available
Low Rates
States Offered: National
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** For loans under $500,000 only
We treat purchase, rate and term refinance and cash-out refinance the same! So you can go cash out on a stated income product to 70% on most properties and 75% on mixed use or apartments-this is HUGE. This loan can help a lot of people get financing that otherwise may not be able to get it. This can be a huge boon to you and your clients. You can go 3, 5, or 7 year fixed and the amortizations on ALL products is 30 years which keeps the payments affordable even with the higher rates. It is an awesome product!
We have a flyer on this product that can tell you more about it-just e-mail me at ed@excelccc.com
To run a deal by me, just call 770-650-7870. At EXCEL Commercial Capital, we are closing deals with the most creative mix of products available. Call Ed Beard, Jr. today at 770-650-7870 to help get more deals closed!
Ed
P.S. Now, you can help MORE CLIENTS and people you know get financing for commercial acquisitions. We can also refinance them and even get them cash out up to 70 or 75% depending on property type-and that is STATED income! HUGE! To get a flyer that tells more about the product, just e-mail me at ed@excelccc.com or to run a deal or refer a client over, just call me at 770-650-7870. Let’s close some commercial loans!
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Dumb Criminal Story of the Month:
Obiwan Kenobi Arrested for Hit and Run
A California man who legally changed his name to match that of the fictional "Star Wars" hero may have given in to the temptations of the dark side of the Force, as he was charged with a hit-and-run. And as Yoda warned the fictional Kenobi, "Told you I did. Reckless is he. Now, matters are worse."
Click Here to Read the Full Article
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Brian Tracy Inspirational Article of the Month:
How to be Happy: 5 Steps to Living a Life You Love
Brian Tracy is a world-renowned personal and professional development coach that has helped millions of people achieve their goals and develop a positive mindset. Brian will be contributing to our newsletter every month by providing us with an article to help inspire you, our clients, to reach higher and achieve more than ever before.
Click Here to Read the Full Article
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Interesting Articles and Photos of the Month:
Lickable, Tasty Walls Installed Inside Company Elevator in London
Staff workers at a communications building in London have something more to do when they ride the company elevator. They can lick one of the 1,325 Jaffa Cake, a popular orange-flavored sponge cake snack, flavored stickers that line the walls. Would you give the world's first lickable elevator a taste test?
Click Here to Read the Full Article
Netflix's Unlimited Employee Vacation Policy: Why It Works
Will extra time off improve company culture? Sure. But can giving workers all the time off they want also increase their productivity. Netflix is one of many companies to adopt an unlimited employee vacation policy where success is measured by what employees get done rather than on how many days they worked. Share this article with your co-workers and more importantly your boss and maybe your company will be the next to adopt an unlimited vacation policy.
Click Here to Read the Full Article
Woman's Cancer May Have Been Fruit Pit from 1984
Bianca Riveron was struggling, as many Americans do, with lung trouble. After decades of coughing, asthma attack, and other problems, doctors had recently found a spot on her lung. Lung cancer is always the pits, but sometimes the pit isn't lung cancer.
Click Here to Read the Full Article
Where Are The Flying Cars?
Call it keeping up with the Jetsons. After decades of dreaming of traveling via flying cars, we're one step closer to the goal. Terrafugia, a company dedicated to creating personal aviation solutions, has debuted their version of the flying car. The Transition, is the ultimate hybrid combining a car with a small private plane.
Click Here to Read the Full Article
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