business loans

USDA 80% BUSINESS LOANS FIXED RATE 30 YEAR, $25,000,000 LIMITS

The United States Department of Agriculture USDA Business and Industry Loan Guarantee Program represents a unique source of funding for those seeking Commercial Loans.

MARKET: Buyer’s and business owners of commercial real estate

LTV: 80-90 percent based upon either startup or existing business status

TERM: Variable and Fixed rates, 7 to 30 year depending on collateral and use of funds. New accelerated approval process (October 1, 2009) 10 day approval process possible

LOCATIONS: Communities with populations under 50,000 and their contiguous urbanized boundaries.

COLLATERAL: Projects eligible for B&I financing include business acquisitions, commercial real estate purchases, startup costs and working capital, machinery and equipment purchases and some refinances. Commercial/Residential mixed use properties are now eligible.

More information on on the USDA Business and Industry Loan Guarantee Program is available HERE.

This is not a commitment to loan. This information is provided by your Realtor. Any commitment to loan will be based upon borrow’s loan application, property eligibility/collateral, Lender’s approval and USDA’s guarantee.

business loans

REO Fixer-Upper Bargains, Cottonwood CA Homes For Sale , FHA 203k

The Bargains: Are you in the market for a home and seeking some real bargains. We would like to draw you attention to some often overlooked bargains in the real estate market in Cottonwood homes for sale There are really two categories of REO homes for sale. Those that are ready to move in and fixer- uppers. These fixer-uppers are additionally undervalued due to the inventory of ready to move in homes for sale. We have developed a team to assist you in taking advantage of these real estate bargains. Many times fixer-upper properties are overlooked due to the challenges created in assessing the costs of the repairs as well as funding the purchase and rehabilitation in a cost effective and timely fashion. We are able to provide you with these services in the following areas: Cottonwood, Redding, Anderson, Red Bluff, Chico and Oroville

The Benefits: Homes in this category can reap immediate rewards due to the increased value of the home once the work is completed. Final cost savings averaging approximately 10% under those of ready to move in homes can often be expected. Another added benefit is the enjoyment the rehabilitation improvements bring to your new Cottonwood home for sale. Due to the rehabilitation these homes require they do not generally attract the bidding activity of other low priced ready to move in homes.

The Loan: FHA 203K Rehab/Purchase loan. This loan is available with Loan To Value limits has high as 110%. The Rehabilitation portion of the loan can be as high as $35,000.

The Process: We have developed a uniquely comprehensive program to assist you with these property purchases and the challenges they represent. Our team consists of experienced Realtors and Licensed Contractors (lic. #360678) to provide all the services necessary to assist you with a smooth home purchase. We will assist you with the following:

• Prequalifying for the FHA 203k loan.
• Targeting homes that are within your budget and have what we refer to as “Good Bones”. We want to insure that the home you purchase will yield maximum benefits from the rehabilitation work. Our team of experts are able to assist you with a rapid 3 step evaluation process to determine the home’s rehabilitation potential.
• Once the potential of the home is confirmed. We work with you the buyer to develop a rehabilitation plan that fits the home’s needs as well as your vision for your home.
• Purchase of the property including coordination with the FHA lender.
• Contracting and timely completion of the rehabilitation phase for your new Cottonwood home for sale.

This is not a commitment to loan. Loans oac and are subject to HUD guideline, etc.