In this crazy real estate and mortgage market the days of "dry closings" is over. Title companies do not want to conduct simultaneous closings any longer because of the intense scrutiny from State and Federal regulators. They require that the first closing  "stand alone", by the investor bringing their own funds to the closing table. So what do you do if you don't have the cash? Hard Money? No way!

Transactional funding is much cheaper than Hard Money and more profitable than not being able to close at all! WE WILL MEET OR BEAT ALL OTHERS ON PRICING AND RATES! You must have documentation in writing showing the competitors pricing. To contact us, please use the following link to submit your information:

www.comresinvestments.com/transactional

I am looking for a loan of $550,000.00 to close my leasing contract with buyer on Phase One (1) and Two Phase (2) and I am looking for a loan of $2,000,000.00 to close my other leasing contract with buyer on the final 3 phase.

The developer has given us an extension until Thursday morning, October15 2009 for phase 1-2 and an extension until October 23 2009 end of business day for phase (3).

Phase One (1) and Phase (2)

As of today, I have a couple of Investors on the table for phase One (1) and Two (2) that has come up with a total amount of $375,000.00. I am short $175,000.00

Next investor has an option to come up with the complete $550,000.00 or the remaining amount of $175,000.00

I'm offering 80% return on the $550,000.00 investment and will see your return by November 30, 2009.

I'm offering $100,000.00 return on the $175,000.00 investment and will see your return by November 30. 2009.

Phase Three (3)

I'm currently raising $2,000,000.00 Million Dollars to complete the transaction for the final 3 phase.

If I raise the complete $2,000.000.00 by the deadline of October 23, 2009, I can offer 30% return on investment and will see your return by November 30TH, 2009. Just weeks away!

I am offering a huge return because I am on a very short time frame to close the deal on this corporate and vacation rental contract. I will be paying investors out of my huge commission check that I will receive on November 30, 2009.

What I am prepared to provide:

For your protection and guarantee your investment, I will have you added as a lien holder on my performance bond. No matter what happens, you will get your money back, on January 31st, 2010 plus interest. I will provide this document as soon as the wire transfer is made.

1)    Copy of contract- which is executed by both parties of 2.1 million being non-refundable

2)    Developer information to speak to them about deal

3)    Drive to Kissimmee together to see community and meet on site staff who having been working with me for the last six months if necessary

4)    Copy of Bond

5)    Bond Verification with PFS investments who broker all my cds, bonds and are the current escrow holders with affidavit of person verifying information

6)    I will provide affidavit with my attorney for you to ask any questions

7)    We can add you to bond as first lien holder/ dispersment letter within 24 hours of wire

8)    Promissory Note with my company of your guaranteed return of 80% if in first position of the first loan of $550,000.00

9)    Letter from developer verifying that I would get 50% of deposit if buyer cancels we could add you to receive your compensation from title company if buyer falls through as well to ensure the safety of your investment.

10)   My business license

11)   My real estate license- No complaints on either of 10 or 11

12)   Character References of folks whom I have borrowed money from and paid back quickly and have done business with for 5 years or more or currently- Phone numbers

13)   Synopsis of Deal should have been sent already with compensation package enclosed

14)   Bio of My Accomplishments- ie team leader of KW for 300 agents #1 recruiter and sales for five years, #6 salesperson in all of Re/Max currently

Tired of the lengthy process it would take to create a closing for commercial property? How about a faster, simpler, closing solution? One that would allow buyers to approach any cash flowing property and close within 30 days without a loss of capital and at the same time preserve the seller's tax advantages and income.  Introducing the 10-Cap Exchange Network!

So how does it work?

1. Property Evaluation - A property needs to be eligible for refinance, be listed at somewhere between 60%-65% below Market and cash flowing with a Cap Rate of 10% or better.  (Some rare exceptions may be made.)
2. Sale Price Evaluation - A price and terms are mutually agreed in writing between you, your attorneys and the investor including the shared 50% of the NOI, tax concessions etc.
3. Appraisal - An appraisal is ordered to verify the value of the property.  Terms are reevaluated if necessary based on the newest value of the property.  (If the owner already has an appraisal from the last 3 months this will speed up the process.)
4. Company Restructure - The investor is added to the corporation or one will be formed.
5. Refinance - The investor will act as co-borrower to refinance the property for up to 80% of the appraised value.
6. Debt Service - The proceeds from the refinance is used to prepay the debt service one year.
7. Leveraged Buyout - After six months to one year, you will be removed from the Corporation and the note as agreed.  During that time you are free to reinvest your proceeds or take a vacation while 50% of the property income flows into your bank account.
8. Tax Time - NO Capital Gains.  PLUS, our investors will allow you to take straight line or accelerated depreciation for your property.  As you know in the case of a hotel, and GoZone Properties this could be as much as 50%.

The beauty is, if your property qualifies, you are as good as free right now.  Because it's a leveraged buyout through refinance, you control the process and the closing. You'll never have to wait on the buyer. Qualified investors will facilitate a quick and successful close.

So what about the risk?  What if the investor defaults on the note?

Because the note is prepaid for the year, it will coincide precisely with the agreed timing of the owner's removal from the note.  There will be no possibility for default until after the owner has left the company.

Is this legal?

Yes, and we do encourage you to consult your attorney for advice.  It is important to note that the steps outlined be followed carefully to comply with a refinance.   If a sale is indicated in any way it will change the terms of eligibility significantly.

Why would a Qualified Investor want to do this instead of use cash?

Leverage.  With the 10-Cap Exchange Network, our investors can contract up to 1 property every day because the property is leveraged with the bank for such a short time (6mo.-1yr).  That is a significant increase to their investment portfolio, especially as we begin to see a rise in the market over the next few years.

Can you do large portfolio's?

Yes, our buyer's can do up to $400,000,000.

What other properties can you do this with?

Single Family Homes (min.25)
Hotels
Multifamily

Interested? Write comresinvest@aol.com with the CAP10 in the subject line for more info!

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Waikiki Gateway Hotel

 Kalakaua Avenue, Honolulu, HI 96815

Attachments

Pacific Marina Inn

Waiwai Loop, Honolulu, HI 96819