Mortgage and Lending |
RAINER 1,084 |
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Richard Lictawa | ||
location_on East China Township, MI — Bluewater Financial Services, LLC | ||
web Richard Lictawa's (bwfinancial) Blog |
No up front fees! Timing sensitive, International & Nationwide Database of Investors & Lenders
$100,000 and up for commercial real estate projects with preference to $250,000 and up deals. Asset based
business loans of $100,000 and up.
Types of Properties:Income producing properties, i.e. apartments, office buildings, shopping centers, medical, hotel/motel,
retail, mobile home parks, health care, mixed-use etc. Unique properties i.e. gas stations/convenience, dry
cleaners, restaurants, repair shops, funeral homes, taverns, day care, golf courses, ranches/farms, self
storage, churches etc.
Loan Purpose:Refinance acquisition, expansion, and construction.
Loan Programs:Immediate funding, forward, commitments, standby commitments, bridge loans, joint venture, SBA loans,
partner buyout, hard money loans.
Amortization/TermUp to 30 yr. amortization with terms of 5, 10, 15, 25 and 30yr dependent upon type of project.
Rates/Fees:Rates and fees are competitive and are dependent upon, project, credit, loan to value, etc.
SMALL COMMERCIAL LENDING PROGRAM HIGHLIGHTSDiscover How Fast, Easy And Flexible Commercial Lending Can Be.
Unlike most bank loans, Bluewater Financial Services, LLC. Can broker a Stated Income/Asset Program. That means full document paperwork isn't required - and you andyour clients enjoy greater flexibility and faster turnaround times.
• No tax returns required
• No income verification
• Unrestricted cash-out
• Loan amounts under $1 million
• Secured on commercial properties like multifamily, mixed use, warehouse, office,
retail, industrial, automotive, special use and more
• Several affordable payment options
• Automatic payment options - no more writing checks
• Fixed or adjustable rates
• 15 to 30-year amortization
• Loans to corporations, partnerships, and trusts ok
ELIGIBLE PROPERTIES
We Can Provide Financing For A Wide Variety of Properties.
Use the expertise of Bluewater Financial Services, LLC professionals to determine the proper value for
your clients' commercial property - and take advantage of the simplicity and speed of our programs to
simplify their financing. Eligible properties include:
• Mixed Use/Apartment Buildings - These properties integrate residential spaces with commercial
uses, such as retail or office space. Often these properties have a ground floor retail store or office
with apartment(s) above, all in the same building.
• Self-Storage Facilities - Now one of the most competitive buildings classes in the country, these
facilities are designed primarily for storage. This category also includes cold storage, RV and boat
storage facilities, and truck terminals (transit facilities).
• Retail/Office Buildings - Designed for retail or office sales and display, this category includes
stand-alone buildings such as offices, supermarkets, convenience stores, drug stores, department
stores, bakeries, and beauty shops - as well as strip centers, and neighborhood and community
shopping centers.
• Warehouses/Light Industrial Properties - Single and multi-tenant facilities that are used for
warehousing, light manufacturing, distribution, research and development. Does not include
buildings where heavy manufacturing or specialized industrial operations such as welding occur.
• Automotive Services - Includes everything from auto repair facilities to retail auto shops and part
supply stores.
• Special Purpose/Unique Properties - Bluewater Financial Services, LLC, will consider all
commercial and unique properties that fall within our program guidelines and loan amounts,
including day care and educational facilities, funeral homes, campgrounds, outdoor entertainment
centers, trailer and mobile home parks and marinas.
• Hotels/Motels - With our industry knowledge and expertise, we feel we understand the nonflagged
world of hotels and motels better than most lenders. Our valuation assumptions are based
on facts relative to the specific property.
• Restaurants - We offer competitively priced financing for a wide range of properties, including
owner-occupied and leased facilities as well as fast-food and full-serve restaurants in
neighborhood settings or urban.
• Multi-Family Housing - We fund residential structures that contain five or more dwelling units
in the same building. These multi-story buildings generally offer individual apartments for rent
with common area facilities, such as an entrance, lobby, elevator, stairs, hallway, walks or
grounds.
• Health Care - Included in this category are all Assisted Living or Nursing Home types of
operations where a license is required to operate the business.
Ineligible properties for this program include:
• Adult entertainment
• Agricultural purpose
• Church/Religious
• Education
• Heavy industrial
• Hospitals
• Properties with underground storage tanks
But may qualify under other available programs
Purchase of mortgages/notes purchasedContracts for deed
First mortgages/first trust deeds
Partial purchases
Full purchases
Wraps
Balloons
Interest only notes
Types of properties:Land -- improved or unimproved
Single family residence
Rental houses/condominiums and multi-family
Commercial buildings
Purchase Amounts:$5,000 and up
Loan-to-Value:Owner occupied single family: up to 75%
Non-owner occupied single family: up to 70%
Multi-family residential: up to 60%
Commercial: up to 60%
Land: up to 50%
Current Pricing/Yield:Residential: 8.5% - 10.5%
Commercial: 9% - 11%
Land: 11% - 15%
Location: NationwideAdditional Information:We also have the capability of purchasing business notes. A business note is normally secured by the assets
of the business, not by real estate. We also purchase receivables secured by timeshares, fractional shares,
and campground resort end loans. We can now purchase lottery winnings in certain states. Call for further
details.
We are a nationwide purchaser of structured court settlements and annuities. Structured settlements are
agreements to make a number of payments over time in order to release a liability. The outcome of a
lawsuit can result in a settlement placed in the form of an annuity, which is paid over a certain period of
time. We can offer cash to annuitants for their remaining payments. We structure our transactions based on
client's specific financial requirement and only acquire the portion of their payment stream that's necessary
for them to fulfill those needs.
We can purchase:• All future payments
• A specified amount of payments
• A portion of any payment
A structured settlement or annuity may have been offered as a result of an:• Auto accident
• Medical malpractice
• Workers compensation
• Wrongful death
• Others
Privately Held Mortgage NotesThere has never been a better time to sell your mortgage. We purchase privately held mortgage notes, trust
deeds and land sale contracts.
FREE UP THE CASH YOU WANT NOW!WE PAY TOP DOLLAR FOR YOUR MORTGAGE,TRUST DEED, OR CONTRACTAs you know interest rates are at a historical low. If there is one thing that I'm sure of ... Your mortgage
will never be worth more than today. Now is the time to sell all or part of your mortgage!
ARE YOU IN NEED OF EXTRA CASH? Are you tired of collecting the payments? Would you like toconvert the mortgage to cash and let someone else worry about it? If so, we provide a service to people like
you who own a mortgage note. We will buy ALL or PART of your mortgage with no effect on the payer's
terms. We pay a LUMP SUM OF CASH today for payments you would receive in the future. WE ALSO
PURCHASE STRUCTURED SETTLEMENTS AND ANNUITIES.
If you would like CASH TODAY for any reason: debt payoff, large purchase, or an alternative investment
opportunity, we can help!
We can offer:
• A full Purchase
• Partial Purchase
• Specified Amount
• With or Without the Balloon
We purchase notes secured by:
• Single Family Residences
• Multi-Family Units
• Mobile Homes (with land)
• Condominiums/Town homes
• Land (improved and unimproved)
• Commercial Properties
Factoring with Bluewater Financial Services, LLC.Bluewater Financial Services, LLC. Is a full service factor that provides excellent service and low rates.
Our factoring program offers the following advantages:1 No long-term contracts.
2 No application fees.
3 No minimum monthly funding requirements.
4 No hidden fees.
5 Fees are based on the funds transfer date.
6 No wire fees for overnight funds transfer.
We focus on providing our clients the funding they need along with courteous professional service. Our
professionals have years of experience working with companies who are growing rapidly and who want to
focus on more than just dealing with their factoring company everyday.
Factoring articlesAsset based lending techniques, such as factoring loans, give you the funds you need to expand yourbusiness with ease.Imagine the peace of mind you'll gain by eliminating your cash flow worries. Bluewater Financial
Services, LLC. gives you access to the funds you need via invoice factoring (also known as asset based
lending, factoring loans or receivables factoring).
There are many reasons to investigate receivables factoring. If your new business is growing rapidly,
traditional banks offering $50,000 lines of credit don't help when what you really need is $250,000. Asset
based lending methods, like invoice factoring, fit into your business model by giving you the money you
need to keep your business moving forward. At Bluewater Financial Services, LLC. You'll benefit from:
• Immediate Cash: Get quick cash from receivables factoring of your eligible accounts at any time.
• Funding for New Companies: Bluewater Financial Services, LLC. understands how small
businesses can struggle financially. Factoring loans can be the ideal solution allowing you to
leverage your customer's credit to build your own business.
• Unlimited growth: When you choose invoice factoring, you'll have access to the necessary cash
flow to fund new business. Unlike traditional lines of credit, which place a value on your company
based on today's sales (and can stunt your business growth), factoring loans are designed to help
with your continued business development.
• Credit Extension: It can be tough when customers continually find ways to extend payment
beyond 30, 60 & 90 days. While you're confident the invoices will be paid, your customers may
be outsourcing their accounts payable departments to India, or mailing your checks to the other
coast in order to mail them back to you to play the float. Invoice factoring enables you to extend
your receivable terms to land the big accounts.
• Collection Assistance: Time is money- and chasing down unpaid invoices can be very timeconsuming.
With receivables factoring you'll get regular reports about your accounts receivable,
as well as problem solving assistance.
• Early Payment Discounts: Your customers are regularly taking advantage of the "two ten, net
30" terms that you offer. Why shouldn't you? Receivable factoring gives you the cash you need to
take those discounts and enhance the bottom line.
• Build Your Credit: With factoring loans and asset based lending your company will have the
cash flow to pay its bills in a timely fashion-ultimately building its credit score, which allows you
to leverage your suppliers for better terms.
Grow your business with the help of asset based lending methods, like factoring loans.Many of today's industry titans began with the help of asset based lending and factoring loans. Now you
can too! Call it invoice factoring, factoring loans or receivables factoring, asset based lending is available
to help you grow your business with ease. Learn more about how our factoring company can help you.
Bluewater Financial Services, LLC.OFFERS COMPETITIVE PRICINGCREATIVE STRUCTURES - TAX AND NON-TAX• Operating Leases
• TRAC Lease
• Sale-Leaseback Arrangements
• First Amendment Leases
• Synthetic Leases
• Note & Security Agreements
• Master Lease Agreements
• Agricultural Lease Program
• Small Ticket - Vista Lease Program
FINANCING FOR A BROAD RANGE OF EQUIPMENT TYPESTRANSACTIONS FROM $15,000 TO $10 MILLION• $100,000 Application-Only Program
ANALYTICAL SERVICES• After-Tax Lease vs. Buy Analysis
• Pretax and After-Tax Cash Flow Analysis
• Incremental Tax Rate Analysis for companies in AMT
CENTRALIZED SALES AND ADMINISTRATIVESUPPORT SYSTEM FOR BROKERS• Debt placement
• Pricing
• Tax impact
• Proposal preparation
• Documentation
• Funding
• Volume incentives
WHAT SETS US APART FROMTHE REST OF THE LEASING INDUSTRY?ANSWER: We lease more "soft" assets, leasehold improvements, construction expenditures, & equipment with minimal residualvalue than anyone in our industry! And do so at low, competitive rates.And we advance "Progress Payments" or reimburse our Lessee for deposits made...priorto equipment delivery.RESULT: We conserve more of your client's capital...so that they can re-invest it back into their own business - with its muchhigher Internal Rate of Return (IRR)!WHERE DO WE FOCUS OUR EFFORTS? A broad range of industries where normal equipment is leased as well asa disproportionately high amount of soft cost items. Industries containing a high amountof soft cost items are real estate, hospitality,resort, golf, retail and timeshare.Real Estate, Hospitality, Resort, Golf, Retail andTimeshare Industries:Our clients are residential homebuilders, resort and hotel
companies, timeshare developers, golf club developers,
campground owners, mall operators, and the like. We
lease everything from model home, condominium, and
guest room interiors, to complete clubhouse & sports
club interiors, to irrigation equipment, turf maintenance
equipment, moorings & docking facilities, etc.
Agri-business and Food Processing:We have provided well over $1.0 billion to Agribusiness
and the Food Processing Industry... and done so with
personal, on-site service at very competitive costs!
We lease and finance not only "hard" assets such as field
equipment, processing equipment, baking equipment,
and weighing and packaging equipment; but also such
"soft" equipment as drip irrigation, polystyrene wall
panels, gas and ammonia lines, complete commercial
freezers, related plumbing, concrete foundations for
equipment, and a host of other leasehold improvements.
Restaurant and Food Service Industries:We've leased well over $1.5 billion dollars in restaurant
FF&E, & leasehold improvements.
We've served regional and national chains from
California to Florida and from the Carolinas to
Washington State. We can lease at least 30% more of your client's costs than any other equipment leasingcompany.Commercial and Real Estate TransactionsHospital chains, telecommunications, the printing
industry, retail chains, the construction industry,
electronics, theatre chains, film & video post production,
manufacturing, aerospace, television production,
manufacturing, aerospace, television production...are
just some of the industries we count as our Lessees!
Again, we lease the "normal" equipment for these
industries, but we go well beyond that to include all of
"soft" items - equipment that supports the "hard"
assets.
Our funds may preclude the necessity for greater equity investment,thereby preserving more of your client's business!In closing, what can we lease?? WELL, YOU NAME IT!! WE LEASE IT!!Lease Credit ParametersDeal Size:$15,000 to $100,000
Terms:24 to 60 months - $1.00 out; 10% PUT; FMV
Time in Business:Minimum 3+ years under present owner/management
Personal Guaranty:Required / all owner 20% or more
Geographic Limitations:48 Contiguous States
Submitted package must include the following:Completed application
Signed credit authorization from each guarantor
Detailed equipment description to include vendor name, address and a cost
Breakdown Bank and comparable debt references
Avoided Equipment and IndustriesATM's
Owner-Operator Truckers Tanning
Small Retail Stores Aircraft Vessels
Gaming Amusement Rides
Coin Operated Machines User-to-User Sales
Environ Hazardous Underground
Rental Equipment
Sale-Leaseback
New and Used Equipment:Used equipment must not exceed 5 years old and needs to have a means of
valuation, i.e. condition report and guidebook or auction sales listing. Term will
be reduced in accordance with equipment age.
Process:The Lease scoring system considers personal and business credit scores as
Well as other factors. Each application will be approved or declined on the score
And its compliance with program parameters.
Nationwide Commercial Funding 100K and Up Purchase, Refinance, Cash-out, Construction, Bridge, Mezzanine, Joint Venture. All Property Types, Environmentally Sensitive. Commercial Financing 50K & Up