Foreclosure University Announces New Transactional Funding For Real Estate Investors


Orem, UT (PRWEB) June 12, 2013

Foreclosure University announces new transactional funding for real estate investors. This is causing a major buzz and excitement in the real estate community because it gives investors another option when trying to fund their end of the deal in order to sell to an end buyer.

Transactional funding has become more and more popular among real estate investors as title companies decided to “stop” allowing transactions that were not independent of each other. “At one time, title companies would allow investors to use their end buyers money to fund the transaction with the seller. That’s not the case anymore. They want each transaction to stand on it’s own independently,” say Jarad at Foreclosure University.

Because of stricter title standards, this forced investors to get their own independent funding to fund the transaction with them and the seller.????Most investors went to transactional funding because it still accomplishes what they need at a low expense.

With transactional funding one of the many benefits is they don’t have to provide employment verification or worry about credit because it’s irrelevant. They can also leverage someone else which allows them to do multiple deals at one time. Transactional funding is only used for back to back closings and is not to be confused with other types of funding.

Jarad says, “Most of the deals we fund are short sales, reo’s, and wholesale deals and in all cases we have end buyers lined up ready to fund their part.”

Another big piece to doing deals is the actual proof of funds letters that banks are requiring. Jarad says they offer that as well to anyone who is needing a proof of funds letter.

Foreclosure University also created a video to help investors understand how the process works and what they can expect from transactional funding.

For those that would like more more information on transactional funding or proof of funds can visit ForeclosureUniversity.com







Opportunity Fund Launches $500,000 Start-Up Funding Challenge to Help Bay Area Small Businesses Get Off the Ground


San Francisco, CA (PRWEB) March 21, 2013

Today, Opportunity Fund announced their Start-Up Funding Challenge to help Bay Area businesses get off the ground. For a limited time, the organization is lending up to $ 500,000 to local start-up entrepreneurs, who are either launching their businesses or have less than a year of sales. At 7.5% interest and no loan fees, the challenge aims to offer financing that is hard to come by for most start-ups at an affordable rate.

Getting the access to necessary capital is a huge hurdle for most businesses that are starting out. And 45% of businesses fail due to lack of financing, said the groups Vice President of Lending, Marco Lucioni. With banks often unwilling to lend to start-up businesses, many people turn to friends and family, or high-interest credit cards. Opportunity Fund is seeking to help those businesses get off the ground and running, putting them in a position to succeed for the long-term.

Last years Start-Up Funding Challenge winner, Rachel Myers, started her dream business, the Home D?cor Learning Center in Concord, California. Rachel began teaching upholstery at Mt. Diablo Adult Education in 2007. In 2009 she and her students found out the program was going to be cut. Confident in the demand for her instruction, Rachel developed a business plan to offer classes on her own, but she couldnt find the funding to make it a reality until applying to the Start-Up Funding Challenge.

Rachel was able to borrow $ 30,000 in order to move into a new warehouse space. I remember being on the phone with Opportunity Fund, and I was in a state of disbelief about getting the loan. I wouldnt have been able to start this without Opportunity Fund. Or we would have gone so far into debt it would have been ridiculous, said Rachel.

Entrepreneurs like Rachel will be able to apply to Opportunity Funds Start-Up Funding Challenge through March 31st. The winners will be selected by a panel of Bay Area business and philanthropy leaders, and will be announced in April. For more information, please see http://www.opportunityfund.org/startup.

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Press inquiries: Caitlin McShane, 408-512-2211 (o), 415-225-8855 (c), caitlin(at)opportunityfund(dot)org

Loan inquiries: Tim Hatfield, 408-516-4701 (o), startup2013(at)opportunityfund(dot)org

Opportunity Fund is a not-for-profit social enterprise helping thousands of California families build financial stability. Our mission is to advance the economic well-being of working people by helping them earn, save and invest in their future. Our strategy combines microloans for small businesses, microsavings accounts, and community real estate financing. Now California’s leading microfinance provider, Opportunity Fund began based on the idea that small amounts of money and financial advice could help people make permanent and lasting change to improve their own lives. Since making our first loan in 1995, our team has deployed over $ 279 million into our communities.







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Direct Commercial Funding Inc. To Expand Development Financing


Houston, Tx (PRWEB) November 02, 2012

Direct Commercial Funding Inc., a leader in the commercial loan market, has announced plans to expand its commercial development financing division to meet increased market demand for such loans.

Weve seen a twenty percent increase in construction development financing applications in the two most recent business quarters, says Calvin D. Blake, the firms managing director. Whether the overall economy is improving remains uncertain, but there does appear to be growing interest in commercial and construction loans.

Direct Commercial Funding Inc. is a direct private commercial lender based in Houston, Texas. The company delivers customized solutions and a full menu of loan and financing programs for business owners, developers, investors and commercial real estate professionals throughout North America and abroad.

Development financing can involve the purchase of individual commercial buildings or complexes, residential communities, or land destined for use in either.

The firms website states that it provides commercial funding for short-term commercial loans, mixed use, and equity capital with flexible terms. And that, as one of the largest commercial funding lenders, Direct Commercial Funding Inc. is committed to providing fast commercial funding in one business day.

We are the worlds quick closing commercial lender providing the highest loan to value ratios with far lower conventional interest rates than our competitors, notes Blake.

What loan types does DCF offer? According to Blake they vary by property type, but the firm does offer fully amortizing loans as well as term options from one to ten years fixed, plus variable rate loans. Their portfolio of clients includes a wide range of projects on several continents, with some projects running hundreds of millions of dollars in value.

For more information on Direct Commercial Funding Inc. and its products and services visit their website at DirectCommercialFunding.com or call 877-239-7933.







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