This Week in BlogTalkRadio, 2/1-2/7
February is here and this week brought some of the biggest names in entertainment and politics ...
Host Tip of the Week: Taking Callers with Ease
Inviting listeners to call in to your BlogTalkRadio show, whether to ask questions, share ...
Let’s Get Political
Governor Deval Patrick and Ayla Brown. If you’ve been following the news, or ...
http://www.genesisfundinggroup.com
Country: United States
Language: English
Visit on Facebook
Visit on MySpace
Add to Friends
Send Message
You are not logged in. Please log in to write a comment.
Genesis Funding Group Gold Mine Funding. Founded by Gene Murphy. Networking with other Investors, Private Lenders and Private Hedge funds I found a need to put the right people together to make good solid investments in Real Estate and Gold Mining Investments. We are active in Gold Mine Funding,Real Estate Investing, Hard Money Lending, Private Funding, Hedge Funds, Commercial Real Estate Investing. We also help Gold Mine Owners fund their gold mines through means of Private Investment Lenders, Hard Money Lenders and hedge funds. We have great opporunities with Gold Mine Owners that do Advanced Gold Sales for start up money to get the mine in operation or to expand operations for more gold production. Give me a call if you have questions. Gene Murphy 775-772-0628 genesisfundinggroup@gmail.com
GenesisFundingGroup
Date / Time: 8/14/2009 2:30 PM UTC
Category: Finance
Special Guest Geologist Dave Smith will be talking about a Gold Mine Joint Venture Opportunity with the gold mine owner of the Confedrate Gulch Gold Mine in Montana. Joint Venture details of the Gold mine and explains how rich the gold mine is and his experience in geology and assying of gold mines.
Date / Time: 1/6/2010 3:18 PM UTC
Date / Time: 1/5/2010 2:58 PM UTC
Joint Venture – Project and Purchase Funding
10/100 Product
Product Perimeter
$2M to $500MM Joint Venture Partnerships – income producing property.
$2M to $500MM Joint Venture Partnerships – construction projects.
All Joint Venture Projects values are calculated in US Dollars
(Funding group has a strong appetite for income producing properties).
Commercial Joint Ventures Only – (not for residential home purchase) USA, Caribbean, Canada, Europe, South Africa, Australia, Japan and areas that are not considered high risk due to government instability or terrorist related issues.
Downpayment consideration is a 10% returnable cash deposit. The 10% cash is held for 2 years in a blocked account at Bank of America or CITI and then returned. If returned sooner – 10% of downpayment amount penalty applies. There is a minimum 1 year hold for the 10% amount. The 10% is calculated against the total purchase price of existing improvement or total funds required for construction project.
3 years in business (less than 3 years will be reflected in JV split) (must have financials for file – not verified)
100% Funding
Joint Venture Split - 60% Principle / 40% JV Partner
Joint Venture Submission Requirements for consideration/approval–
Ø Executive Summary with principle resume and Performa – must have successful track record.
Ø Proof of 10% Cash Consideration – must be liquid (not POF)
Ø Previous 3 years business financials (for file only – not verified)
Ø Appraisal
All type projects considered - response within 3 to 4 business days.
How It Works?
Sample: You have a contract on a 50MM dollar income producing property, developed, or needs to be developed. You have a resume and a successful track record in this field, and you can prove that you have 10% cash consideration liquid, our funding group wants to be your partner!
With the JV Program, you pay no interest payments, ever! You wave these payments by taking on one partner at 40% giving you the majority share at 60%. You pay nothing until the project starts making money.
The Process:
Step 1:
Submit detailed Executive Summary with resume and proof of 10% liquid funds, we will review and get back to you within 3 to 4 business days.
Step 2:
Principle signs NCND. Principle submits application/introduction fee. We then arrange a conference call between the JV facilitator and principals.
Step 3:
An agreement outlining the terms discussed on conference call are sent to you, if all clear, you sign and send back to us. In this agreement, we guarantee funds (commitment). At this time the application/introduction fee becomes non-refundable.
Step 4:
You set up a blocked account with either BOA or CITI for 10% of the requested amount to be funded. Funds are then verified. Full commitment is issued. Partnership contract needs to be done by legal. This is all done within the first 10 days.
Step 5:
Facilitator collects $15,000.00 fee and JV attorney’s $15,000.00 charge for all legal work. The legal work charge is credited back at closing.
Important:
Application/Introduction fee is refunded if no firm commitment is issued. Additional fee are not collected until a firm commitment is in place. Upon closing application/introduction fee is returned to principle and facilitation fee is credited back to principle.
References will be provided. References include, project, state, loan amount, contact information, etc..... NO BULL HERE! As you can see, everything is disclosed, no hidden surprises.
Joint Venture Partnership Benefits:
In most cases, you will find that when a project is being developed, there are several partner/investors in place. All taking a piece of the pie, the principal who put everything together is only getting a small piece. Using our scenario, the principal gets 60%, we get 40% and we put up 100% of the money. No monthly payments are made until the project starts profiting.
Principals make more money, making no interest payments during construction phase.
Joint Venture Projects typically close in less than 45 days. (Exception: No funding from 11/15 to 1/15 of each calendar year)
Remember, there is no loan, this is your partner. You’re closing on the partnership agreement with a group that has all the capital you need.
Date / Time: 1/5/2010 2:32 PM UTC
Security Based Loans can be the cheapest loan product out there.
I don't know of any loan that has a low interest rate of 2.5% to 4.5% other than security based loans. Anyone that has a Stock Portfolio in this market should consider this type of loan to leverage the stocks to their benefit. You can get a non recourse stock loan, meaning that, if you choose not to pay back the stock loan, for what ever reason, all you loose is the stock and you can walk away without any penalties.
Security Based Loans are easy to get with no credit check. You can use the loan for what ever you like. Business owners can use the stock loan for their business expansion, equipment, inventory, remodel, advertising or whatever the need may be. Stock Loans are affordable and fast to get and only take about 7 days to close.
Genesis Funding Group Security Based Loan ProgramA simple, quick and innovative way to help your clients find the funds they need for real estate purchasing (or any other use) at a low interest rate of 2.5% to 4.5%! You can have your loan in as little as 7 working days.This loan program allows the borrower to use their investments (stocks, bonds and other securities) to obtain funds for personal or business use.
Security Based Loan Benefits- Fixed interest rate between 2.5% and 4.5%.- Funds may be used for any purpose.(Real estate purchase, refinance, business expansion, etc.)- Non-Recourse Loan. (The only collateral are the pledged securities.)- Close in a matter of days.
Criteria- Retirement funds (401k's, pensions, etc), do not qualify for this program.- Borrower cannot own more than 10% in the company of the stock issuer.
Security Based Lending is a loan program whereby owners of securities (stocks, bonds or options) are allowed to borrower money at low interest rates by pledging their investments as collateral. Funds may be used for the down payment on a home, cash purchase or any other purpose. By pledging some or all of their investments as collateral they are able to borrow money at low interest rate financing for up to 10 years.
- Fixed interest rates between 2.5% and 4.5% - Interest Only payments - Loan terms of 3, 5, 7, or 10 years - Funds may be used for any purpose - Non-Recourse loan - No lien is placed on any property - Loans available for up to 80% of the securities value - They keep all dividends and upside market appreciation of the securities - At pay off, the shares or collateral initially pledged is returned
Margin Loans vs Securities Lending.
Here are a few of the differences-
Margin loans can only go up to 50% of the value of the stocks - We are able to go to 80%.
Margin loans are not allowed to lend on stocks valued at less than $10.00 per share - we offer the loan on any price share. (100k minimum loan amount and no maximum loan amount.)
Margin loans rates are typically 6-9% ARM's - We are between 3-5% fixed.
Margin loans are FULL-recourse - ours are NON-recourse.
The "call" on margin loans is set at 80% of the stock value and they have one day to cure - our "call" is set at 80% of the loan ( approx 60% of the stock value) and we offer 5 days to cure and since ours are NON-recourse if they cannot cure the loan default the borrower can simply walk away, leaving the stock on the table - no credit repercussions to the borrower.
Contact us to get a quick quote request to borrow against your stocks, bonds or mutual funds.
Gene Murphy
genesisfundinggroup@gmail.com
Date / Time: 11/1/2009 1:16 PM UTC
Genesis Funding Group Bulk REO Sales are quick and easy to obtain. Our Bulk REO Tapes are nationwide and are not available for the public. Our tapes come to us before they hit the market. Bulk REO Tapes are 30% to 60% LTV and interested Investors can cherry pick the tapes.
Bulk REO Sales are nationwide and Investors can place an order for the region of choice, price point, residential and commercial properties. Bulk REO Investors can have first choice of the tapes if they have an account set up with us. REO Investors need only to fill out our request form so we can customize the tapes to our investors request.
For more information about purchasing Bulk REO Tapes contact us at info@genesisfundinggroup.com
Original Air Date: 9/11/2009 4:00 PM UTC
Original Air Date: 8/14/2009 2:30 PM UTC
Original Air Date: 8/5/2009 3:00 PM UTC
< Previous Episodes