Commercial property buyers are watching for deals following the pandemic

Commercial property buyers are watching for deals following the pandemic

After more than 50 years in the real estate business, Craig Hall has gone through markets good and bad. Even in the down times, he has found opportunities.

He’s already scouting for deals that will result from the current pandemic. “There will be a lot of opportunities, and there is room for a lot of players,” Hall said.

Rather than buying properties, his Dallas-based Hall Group is gearing up to buy problem debt from lenders.

“Banks don’t want to deal with property workouts,” Hall said. “They don’t want to be in bankruptcies and foreclosures. A lot of banks would rather sell a portfolio of mortgages. We think that is going to be a good opportunity for us.”

As much as 20% of investment properties financed with commercial mortgage-backed securities are expected to wind up in default.

Hall expects to see some bargains in the hotel market, which has been hardest hit by the pandemic and economic shutdown.

But right now, he said, it’s too early to try to buy most properties outright.

“Nobody knows how to price it,” Hall said. “There’s a disconnect between what a seller wants to get out of it and what a buyer is willing to pay, and there’s no real financing market.”

Recession or depression?

Hall said that the economic downturn brought on by the pandemic will create property market conditions close to what he saw in the 1980s real estate crash.

“I don’t think this is a quick recovery,” he said. “I think it will be worse than 2008 and 2009 by a long margin.”

Investors have to decide just how bad the economic shakeout from COVID-19 will be, Hall said.

“If you believe this is going to be a 1930s-style depression, this is not a good time to buy because you have another 10 to 12 years of misery,” he said. “If you believe that at some point in the next three or four years we are going to come out of this and likely there is going to be significant inflation because of what the government is doing, buying is going to be a significant opportunity.”

That’s what Hall sees ahead.

Other property investors are also watching for buys that surface during the current instability.

“We are definitely keeping an eye out for new deals,” said Chad Cook, founder of Dallas’ Quadrant Investment Properties. “We have capital that can move quickly and close all cash for the right opportunities, but we do believe the window of opportunity in Dallas, specifically, could be relatively short compared to past cycles.”

In the short term, he said, many new commercial property purchases may be on hold.

“Today, and likely for the next quarter, the capital markets are virtually closed outside of deep value opportunities,” Cook said. “There are still opportunities with noninstitutional sellers, and we expect the capital markets to come back relatively quickly.”

Dallas-based real estate investor and developer Champion Partners bought buildings coming out of the Great Recession that it later sold for substantial profits. The company is gearing up for a similar play after the pandemic.

“We do anticipate being very aggressive this year as this disruption is likely to provide some excellent investment opportunities for those that have access to capital and can move quickly,” Champion Partners’ Steve Modory said.

Good deals from bad times

One of the Dallas area’s biggest property buyers before the pandemic was developer Centurion American Development Group.

CEO Mehrdad Moayedi said he has several major purchases scheduled to close soon and is looking for more buys.

“The only time we have actually made real serious money is in the bad times,” Moayedi said. “When times are good, everyone and their brother are trying to buy.

“The property prices got so high the last few years you could hardly make any money.”

Moayedi said he just locked up a land purchase he’d been chasing for four years. “The guy wouldn’t budge on the price, and he finally came down,” he said.

Real estate investors by nature are optimistic about the future, so they aren’t being chased off by the pandemic.

“We are the greatest country in the world — we’ll come back,” Moayedi said.

Authored by Steve Brown, Dallas Morning News

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    A new season has started for commercial real estate post-pandemic

    A new season has started for commercial real estate post-pandemic

    Developers, lenders, appraisers, contractors, asset managers, attorneys, and many other professionals have been slammed daily with a barrage of challenges and requests.

    By Greg Winchester  – Head of Industry and Alumni Relations and Adjunct Professor, Auburn University Master of Real Estate Development Program

    May 8, 2020

    It’s been over a month since the double black swan events of Covid-19 and the great oil war have broadsided the U.S. and world economy. Since then the U.S. commercial real estate industry has gone from a fully priced and “risk on” market to an abrupt halt with major players and professionals assessing the impact on planned and existing projects.

    Developers, lenders, appraisers, contractors, asset managers, attorneys, and many other professionals have been slammed daily with a barrage of challenges and requests. The current environment has led to an industry-wide scramble to maintain normal business activities. Some long-time players in the industry have shared that they are experiencing a schizophrenic feeling ranging from fear of losses on existing deals, to a fear of losing new opportunities. Across the landscape, new realities and opportunities are starting to emerge in the aftermath specifically based upon property types and/or locations.

    Clearly the hospitality sector has been the most severely impacted and is at the tip of the spear. After going through a 10-year recovery following the last financial crisis, the industry finds itself in unprecedented waters. Many hotels have closed, and most operators are applying for both federal and state governmental assistance. Some properties are focusing on serving the quarantined Covid-19 patients while others are assisting medical personnel and first responders on the front line of the medical battle.

    Industry trade groups report occupancies are ranging from 2-30% for many properties that are keeping the doors open with skeleton staffs to avoid shuttering. Against this backdrop, other property professionals are assessing possible alternative uses for troubled hotels, such as senior housing and workforce housing.

    According to long time hotel industry banking and consulting executive Tom Day, of TD Hotel Capital in Dallas, the hotel sector is among the hardest hit as measured by jobs lost, and the travel industry will be among the last to come back as the economy recovers. Hotel owners are fighting for survival with their attention focused on extreme cost containment, lender discussions, and governmental assistance.

    Recovery will be slow. Leisure, corporate, and group demand will return in that order, but full recovery is dependent upon development of an effective vaccine for Covid-19. Despite these circumstances, hotel industry professionals are known for their optimism and creativity and will do all they can to accelerate recovery and create guest experiences that we are accustomed to enjoying.

    On the other side of the spectrum, the already strong and robust industrial sector is expecting a substantial pickup in demand and new opportunities. According to David Welch, chief executive officer of Robinson-Weeks in Atlanta, the challenges with “just in time inventory” and supply chains and the acceleration of the blending of industrial and retail will create greater demands for industrial space.

    Welch expects additional major tailwinds to come from online grocery shopping and the “onshoring” of American manufacturing back to the U.S. According to Welch, if companies keep an extra 5% of inventory, it could translate into 800,000 to 1 billion square feet of new demand for warehouse space. While the next few months will be challenging, the industrial sector should emerge with new and stronger tailwinds behind it.

    The office sector is just starting to see the impact from the crisis and is benefitting from its traditionally long-term leases. This has created a fluid situation that is still unfolding. Concerns over tenant credit quality, workplace stations for users, workplace shift operations, and co-working tenants are surfacing.

    How much future office demand will be impacted by companies allowing more remote locations for workers is a hot topic. In addition, discussions around the needs for lobby redesigns and new levels of workplace cleanliness are just beginning.

    Dan Lovell, senior vice president with Graham and Company in Birmingham expects more creative and efficient ideas will emerge in the office sector. In addition, Lovell anticipates that as prices reset the investment opportunities will emerge for office investors.

    The creative destruction in the retail sector due to e-commerce has dramatically accelerated due to Covid-19. One industry executive shared that he was in the credit analysis and credit counseling business with his smaller retailers. According to Darryl Bonner, senior advisor with Stirling Properties in Pensacola, Florida, the retail sector was performing strongly the first two months of the year due to consumer spending and confidence, but since then, the industry has felt the detriment the most.

    The second half of the year should be healthier for retail due to a pent-up demand of consumers to dine out and visit stores. Certain retailers, such as grocery and home improvement stores, have flourished as consumers are staying home and working remotely. Smaller tenants, however, are challenged and are applying for government assistance. They are adapting quickly or closing. According to Bonner, if people can’t come to you to shop, they need to be able to access retailers from their homes.

    The multi-family sector is seeing some initial turbulence with rent collections due to the uptick in unemployment, although it varies widely depending upon property level and location. The government-sponsored enterprises Fannie Mae and Freddie Mac quickly developed and published programs on lender forbearance terms for borrowers who did not evict existing tenants impacted by the virus.

    According to Joseph Welden, president of StoneRiver Company in Birmingham, tenant collections are off modestly from prior months averages on Sunbelt garden apartment complexes, but they expect annual revenue to be relatively in line with prior projections.

    Both leasing agents and tenants are adjusting to no physical showings and to virtual leasing, online tours, and facetime communications. Welden expects a continued increase in demand for SunBelt apartments from investors and tenants due to the continued single-family housing shortage and greater hesitancy by renters to become homeowners due to uncertainty in the market.

    The senior housing sector, which has experienced strong tailwinds over the last decade, is seeing mixed implications to their properties and new developments. According to Justin Osborne, vice president at Flournoy Development in Columbus, Georgia, the silver lining for operators is a softening labor market that should reduce operation costs. On the contrary, increases in operations to combat infections spread may become a permanent fixture.

    Developers of senior housing projects will wait to see how land prices and construction prices adjust to the new reality and strong, well capitalized developers should benefit. There may also be adaptive reuse opportunities from other property types to senior housing as distressed properties hit the market.

    It’s clear from initial discussions that pivoting by developers and operators is occurring quickly. In addition, innovation and creativity are accelerating at a rapid pace. The long-term impacts are just beginning to unfold in this new season for commercial real estate.

    Learn more about Auburn University’s Master of Real Estate Development program.

    Auburn University’s Master of Real Estate Development program is a collaboration between the College of Architecture, Design, and Construction and the Harbert College of Business. It provides experienced professionals the theoretical and practical knowledge to develop real estate projects emphasizing best practices in economic resilience and design excellence. Visit mredauburn.com.

    Greg Winchester is head of industry and alumni relations and adjunct professor for the Auburn University Master of Real Estate Development Program. He has over a 35-year career in banking, finance, and real estate. He is the founder and CEO of Summit Investors, LLC and previously was a co-owner and co-CEO of Trimont Real Estate Advisors.

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      Coronavirus fallout: Commercial real estate values drop 9% in April

      Coronavirus fallout: Commercial real estate values drop 9% in April

      In April, all 11 subindexes fell for the month and only two had gains in the past year.

      STAFF GRAPHIC
       

      Commercial real estate values nationwide fell 9% in April as pandemic containment throttled the economy.

      Green Street Advisors in Newport Beach tracks commercial real estate values in two ways. Analysts watch both publicly owned real estate investment trusts traded on Wall Street and property dealings among privately held funds. Once a month Green Street combines that research into indexes tracking real estate performance in key categories.

      The coronavirus outbreak halted what had been commercial real estate’s long rebound from the depths of the Great Recession, where values plummeted by one-third. Business limitations due to various stay-at-home mandates have hurt property owners’ ability to collect rents as tenants lost jobs or cash flow. The industry also found that renting empty spaces — whether it be overnight (think, hotels) or a longer term — was very challenging.

      Green Street’s overall commercial real estate index, measuring “unlevered” valuations, for April was down 9% in a month and down an overall 8% in the past 12 months. In April, all 11 subindexes fell for the month and only two had gains in the past year. April’s bigger loser was malls; smallest losses were seen in industrial, self-storage and healthcare properties.

      Here’s how Green Street broke down values by commercial real estate niches. Start with the basics …

      Office: down 9% in a month and lost 6% in the year.

      Industrial: down 5% in a month but gained 7% in the year.

      Then there are the businesses putting roofs over people’s heads or goods …

      Apartments: down 10% in a month and lost 3% in the year.

      Self-storage: down 5% in a month and lost 2% in the year.

      Hotels: down 7% in a month and lost 16% in the year.

      Student housing: down 12% in a month and lost 9% in the year.

      Mobile home parks: down 6% in a month but gained 11% in the year.

      Next are the retail categories …

      Malls: down 20% in a month and lost 33% in the year.

      Strip malls: down 15% in a month and lost 13% in the year.

      And some specialty groupings …

      Healthcare: down 5% in a month and lost 5% in the year.

      Net-lease properties: down 8% in a month and lost 9% in the year.

      Authored By JONATHAN LANSNER | jlansner@scng.com | Orange County Register

      PUBLISHED: May 6, 2020 at 1:55 p.m. | UPDATED: May 6, 2020 at 3:03 p.m.

       

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      Coronavirus Will Accelerate Trends in Commercial Real Estate, Says NAIOP

      Coronavirus Will Accelerate Trends in Commercial Real Estate, Says NAIOP

      Coronavirus Will Accelerate Trends in Commercial Real Estate, Says NAIOP

      NAIOP, the Commercial Real Estate Development Association, is predicting that the coronavirus outbreak will accelerate trends that had been forming in commercial real estate and cause dramatic changes in the industry faster than had been anticipated. The crisis will result in some short-term contractions in the industry, but will lead to a long-term expansion for commercial real estate generally, particularly in the industrial and warehouse sector.

      During a special webinar last week Dr. Timothy Savage of New York University, and a research economist for NAIOP, updated his outlook on demand for industrial, office and retail commercial real estate in light the coronavirus.

      “Commercial Real Estate was faced with technological disruption before this crisis,” Savage said. “This crisis is more of a natural disaster than a financial crisis; the significance of which is that on the other side of it, the fundamentals will be the same, they have just been moved further along the continuum.”  

      These trends, Savage said, affect all commercial property sectors:

      • Industrial:  Prior to the crisis, the NAIOP Research Foundation had revised its projections for industrial demand upward in a report entitled, The NAIOP Industrial Space Demand Forecast. It had forecast decreased demand into mid-2021 due to a lagging supply of available space and economic uncertainty but a fairly quick rebound to robust levels similar to those seen in early 2019. Those levels may now be reached sooner, as people have come to rely on delivery-based goods for more everyday living items.
      • The office sector will be driven more quickly by changing work patterns that will favor decentralized work, co-working and short term leases, even in Class A spaces.   
      • Retail: The converse of the industrial real estate expansion will be a continued decrease in brick and mortar retail, specifically small and independently owned business. Some retailers, especially those that were born online, will continue to have marquee locations for branding and customer service purposes, but this area will continue to decline overall.
      • Hospitality will be significantly negatively impacted, but will bounce back quickly.

      Commercial News » Dallas Edition | By Michael Gerrity

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      become so through owning real estate.

      – Andrew Carnegie

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      The Ultimate List of Remote Work Resources for Real Estate Leaders

      The Ultimate List of Remote Work Resources for Real Estate Leaders

      Whether you’re a solo agent or brokerage owner, you’re probably wondering how to stay productive during the coronavirus outbreak.

      At Follow Up Boss, we’re a remote first company. We’ve been working in a distributed team structure since 2011, so we know a thing or two about how to support your team and customers—even when you can’t see them face-to-face.

      As a team who’s been living remote work practices for years, we wanted to share our tried-and-tested tips and resources that have proven genuinely useful to our team. 

      Top 7 Resources for Remote Work

      Remote Work Pro Tips Straight from the Follow Up Boss Team

      Dress to impress or embrace #sweatslife? Slack or Zoom? There’s no one way to work remotely. 

      It all depends on your goals and culture. We’ve been remote for over four years and thought we’d share some of our favorite tips that have inspired the remote culture at Follow Up Boss.

      We hope this helps you find a few shortcuts to stay productive while you’re out of the office, and maybe even helps you understand what the person on the other side of that video conference might be thinking!

      Create a Dedicated Work Space

      It’s important for me to have a dedicated workspace. I have a desk and monitor for my set up, but for those who are transitioning this could be more of a challenge. I would encourage you to experiment with finding a productive space and leaving it at the end of the day. For example: my neighbor (transitioning to working remotely) unplugs and puts her extra monitor away at the end of the day which helps add some boundaries for the work/life balance. 

      — Caroline Becherer, Product Support Expert

      Set a Hard Start Time

      Try to have a normal start to your day. Don’t just roll out of bed and work.

      — Danielle Lloyd, Product Support Expert

      Set a Hard Stop Time

      Being able to spend time with my family little bits here and there throughout the day is important, so I usually end up taking 2 hours during the day for lunch and other things. I have a hard stop at 5pm. That’s when I do dinner, chores, spend time with the family, run errands, etc… After I put my daughter to bed and spend time with my wife, I will generally hop back online and work for another hour or so (depending on how much fun I’m having with the work at that time).

      — Steven Wade, Full Stack Engineer

      Don’t Give Up on Routine

      A good routine is important. Water, breakfast, stretching, supplements, shower and fresh change of clothes, coffee, etc. Taking at least 1 walk every day for 10 minutes or so is also important to me.

      — Erik Wantland, Head of Customer Experience

      Set Micro-Goals

      Set small goals and reward yourself for each goal e.g., If I complete 3 sales calls, I get to watch one YouTube video. However, you have to be disciplined in this approach—one video can quickly become 4 or 5. Also, print your schedule and put it somewhere everyone can see. Working remotely is not only a mindset adjustment for you, but for everyone around you. When I first started remote work, I used to stick my daily schedule on my office door. This way the rest of the house knew when I was unavailable.

      — Saf Suleman, Senior Full Stack Engineer

      Block All Distractions (Including Housework)

      Chrome extensions like FlowTime (time blocking), Blocksite (website blocking), and Pocket (website/article saver-for-later-er) do wonders for productivity and avoiding distractions… I occasionally find myself getting up mindlessly, which can easily spiral into loading the dishwasher or other housework that can (and should) be done later. If that tends to bother you, try to get on top of things the night before so that during the day you’re maintaining, not fixing. 

      — Olivia Shanley, Full Stack Engineer

      Take Breaks

      Take breaks! When working remotely, sometimes I’ve ended up sitting in a chair locked inside for a while, so it’s important to get up and walk a little every hour (thanks FitBit for reminding me!), and maybe take a 10-15 minute break every 2-3 hours. And, get outside!

      — Melissa Kayle, Product Support Expert

      DIY Your Own Standing Desk

      I have a standup/sit down desk and my productivity/spirit always increases when it is up. Someone new to working at home obviously won’t have this type of desk ready to go. I talked to my brother who is now working from home and he grabbed a box, put it on the kitchen table and set his laptop on it. Stands all day. He loves it!

      — Lyndon Bystrom, Customer Success

      Separate Work Time from Family Time

      My husband also works remotely when he’s not on a project site and I think a lot of folks might find themselves working remotely with a loved one during this pandemic. We have found it’s best to have work spaces separate from one another. We take breaks and lunch together, but I don’t need to hear him breathe 24/7!

      — Camiel Lawler, Product Support Expert

      Know Where to Find Inspiration When You Need It

      Have some go-to podcasts, books, music, etc., if you find yourself struggling with motivation, ideas, creativity, productivity. We all get stuck sometimes. Prep for that

      — Meghan Porter, Customer Success Team Lead

      Tips for Selling Homes Remotely  

      Personalize your follow ups – At this point, any company or agent who turns a blind eye to what’s happening will come across as tone deaf, or even negligent. Make sure you acknowledge the challenges of shopping for real estate in the current climate and use a supportive tone and message in all your follow ups.

      Leverage the phone – If there was ever a time to hit the phone, it’s now. Buyers still want to buy, sellers still want to sell—they just don’t want to have to meet you face-to-face to do it. So send your listing packages via email and be prepared to follow up consistently by phone, text message and email.

      Embrace virtual tours – 3D tours have been on every agent’s ‘nice-to-have’ list for a while, but now they’re a bona fide must. Initial investment can be expensive but this may be one of the most important tools to keep your pipeline moving throughout the coronavirus crisis. If the costs are too prohibitive, video walkthroughs using your smart phone are another great way to show properties without having to meet in-person.

      How to Keep Your Team Motivated and Productive

      Host regular meetings – Make your weekly standups virtual with remote-friendly project management and video tools (we’ve added a list of our favorites below). Give your agents an opportunity to voice their concerns and work together to troubleshoot issues as they arise.

      Restrict distractions – In the words of Grant Clayton of 1% Listings, “The hardest part is that you are your own boss, you can do whatever you want. The challenge is to manage your free time because nobody’s going to tell you to go to work in the morning.”

      Remote work requires self-discipline. And, if Netflix wasn’t enough, the global health crisis is creating a work-from-home environment rife with distraction. Taking a page from Slack’s playbook, setting up an Announcements channel can help prevent your team members from constantly clicking in and out of the latest headlines so they can stay focused on the task at hand.

      Balance high-intensity and low-intensity tasks – Grant keeps his team proactive by setting them up with natural, relevant follow up tasks and scripts so that “they’re not having to deal with non-stop rejection”. Think about the activities that are the most mentally or emotionally draining for your agents (like cold calling) and consider what other options you can offer to help their days spent working from home feel a little easier.

      If you’re a Follow Up Boss user, you can customize nurture sequences and Action Plans to let your prospects and customers know how you’ll help them through this crisis and open the door to authentic touchpoints for the foreseeable future.

      Use this as an opportunity to get ahead of the curve – In the words of Redfin CEO Glenn Kelman, “The coronavirus has just made the future we’ve been preparing for come sooner.” 

      There’s no time like the present to try the new, tech-driven ideas you’ve been putting on the backburner. The investments and business transformations you make now may be the very things that put you ahead of the competition once we’re past this thing.

      Tools to Help Your Team Transition to a Remote Setup

      Project Management

      • Slack – The free version gives you 10k searchable messages, 10 apps and integrations, 1-to-1 video calls. For $8 per month per user you can get unlimited messages and for $15 per month you can get 99.99% guaranteed uptime SLA for your team.
      • Asana – Paid plans start at $15 per user per month for access to their standard project management tools, forms and integrations. They also have a dedicated real estate forum where users can share best practices.
      • Trello – Get unlimited boards and cards for free. For attachments over 250MB per file, customization features and automations (aka ‘power ups’), paid plans start at $9.99 per user per month. Trello is offering live training and remote work chats using the #EmbraceRemoteChat hashtag on Twitter.
      • Basecamp – One of the greatest things about Basecamp is the pricing model: you get access to all features plus unlimited projects and users (no per user fees) for a flat rate of $99 per month.
      • Workplace from Facebook – The free plan gives you up to 50 groups, 20 people per video call and 5GB of storage per user. For $4 per user per month you can get unlimited groups, 50 people per video call and 1TB of storage per user.

      Video Calls

      • Zoom – The free plan lets you host up to 100 participants, unlimited 1:1s and for $14.99 per host per month you can exceed the 40 minute limit and get up to 1GB of MP4 or M4A cloud recording. They also have a dedicated resources center for coping with the COVID-19 crisis including daily demos and video tutorials.
      • Skype – Skype-to-Skype calls are completely free. For other calls, users can opt to use the pay-as-you-go option (Skype Credit) or start a subscription for under $5 per month, depending on your needs.

      Video Emails

      • BombBomb – Plans start at $29.99 per user after a 14-day free trial. The Real Estate and Mortgage Exclusive plan costs $2,000 billed annually and includes access to Prompt, an automated system that tells agents what to say and when to say it plus 6-weeks of personal, 1-on-1 training.

      E-signature

      • DocuSign – Real estate start plans are $10 per month and there’s a special offer for NAR members where you can get additional integration and customizable branding features for $20 per month.
      • HelloSign – Free for up to 3 signatures per month but if you want additional branding and security features the unlimited plan is $40 per month. 

      Virtual Tours

      • Matterport – Right now they’re offering $400 off the Matterport Pro2 3D camera with promo code GetPro2. No limitations on quantity.
      • VPiX – No special offers that we can see at time of writing but the team at VPiX is offering workshops and even sharing a publicly available coronavirus map to track active and recovered cases as the pandemic evolves.
      • Realty Tours – This is probably the most affordable option at $19.95/Tour or $49.95/Month for unlimited live tours. Tours can be viewed on smart-phones, tablets, ipads, laptops, desktops, etc. by Android, IOS, and Microsoft.

      If you’re already a Follow Up Boss user you can access our full list of the remote-friendly integrations here.

      How can we help?

      At Follow Up Boss, we know it’s our job to help you succeed come what may. We’re taking action to help our customers get their businesses ready for the day COVID-19 is behind us.

      There’s quite a bit of change to keep up with, and while we don’t know exactly what tomorrow will bring, you can expect to see the same level of care, attention and service you’re used to getting from us. 

      The COVID-19 outbreak could change the real estate landscape for the foreseeable future, and both buyers and sellers are going to need help navigating. We’ll continue to share resources and expert advice for helping your customers and positioning your business for success as life returns to normal.

      Until then, don’t hesitate to get in touch if you need any help. We’re in this together.

      Author –Sam Glover

      https://www.followupboss.com/

       

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      CONSTRUCTION LOANS

      INTEREST RATE

      4.99 to 8.99%

      No monthly interest payments (14 months)

      MAXIMUM LOAN-TO-COST

      90% (80% new borrower)

      100% possible if land subordinate

      FEATURES

      Same day draws possible

      Limited recourse available

      Businesses and Real Estate Investors Who Want More Call Ebizmore.

      No Income No Asset Personal Lines of Credit

      for

      Startup, New Businesses or  Personal Use

      Funding Up to $250,000 

      Fund starts in 7-10 Business Days.

      680 FICO

      Co-signer OK

      NO INCOME DOCUMENTATION

      100% UNSECURED

      BK must be over 4.5 years

      Collections, Judgments, Late Payments must be over 12 months

      Learn More

      Ebizmore.com

      Submit your deals and get offers from multiple lenders.

      Real Estate Lending
      Fix-N-Flip
      Bridge/Hard Money
      Stated Income
      Full Doc
      SBA

      Business Loans
      Merchant Cash Advance
      Business Loans
      Equipment Financing
      Business Lines of Credit
      SBA
      Purchase & Receivable Factoring

      Personal Lines of Credit

      Business Accounting

      Business Credit Builder

      Go to ebizmore.com and register today!