Investor · Cerritos, CA · Member since 2014 · 56 posts · 5 votes
LOW INTEREST RATES
- Rates as low as 8.99%! 0% interest rates for the first 6-12 months
UNSECURED/NO COLLATERAL - Do not need to leverage any assets to acquire capital
NO RESTRICTIONS - Funds can be used same as cash.
FUNDING IN AS LITTLE AS 15 DAYS - Quick approval process
NO UPFRONT FEES - We don't charge for submitting an application, we are paid solely on results. We charge 10% success fee based on the principle balance of funding our clients. You won't be charged the 10 points unless you already have the funding.
NO INCOME VERIFICATION - Stated income only. No income verification
REQUIREMENTS - A company with an EIN# and good personal credit
John Terry Nicasio Synergistic Investments, LLC Direct: 323-419-3921 Website: http://fundinganllc.com
@Linda Crandell Yes it a one time 10% success fee. We will only charge you once you have your funding and you can pay using your business credit line. Bear in mind we guarantee 0% Apr for 6-12 months so technically you are only paying 10% on a n unsecured loan that you can use without restriction and no down payment required.
That's way better than lets say a hard money loan with a 14% interest rate plus 2-3 point and a required down payment of at least 20%
@Anil Samuel we have references of real estate investors that we've funded and we will provide references to qualified investors. Please note on the post that we do require good personal credit. I will email you the details.
john what I am reading its a 10% fee and the use of the funds is 9% which comes to 19% why not just get a business credit card and do the same thing ?Program is nice but average person with a 720 and a LLC and a trade line a few years old can get 20 K and if they apply four or five times a 100K . when you put them all in one pot.Maybe I am Missing something I have seen people do this as low as 8% and as high as 15% so your 10% fee is not to bad for a person who is just starting out who wants to make a few points better than hard money with less out of pocket.In Ny DC and La it is a little harder due to the price point of the homes . in the mid west and other area it may be another great source of funding . will reach out to you later in the week to get some more detail . In this game even if you do not use it is allways great to have extra funding sources.
@Ahmed Porter I think you misunderstood. There is a ONE time 10% fee but it's 0% APR for the first 6-12 months so there is NO other cost to use the funds. After the 0% introductory period it will be as low as 8.99% but bear in mind there are no other fees required. So technically you pay around 10% on your first year then 8.99% on your second year. NOT 19% total.
Also even if you have a FICO score of 800, you cannot just apply for multiple credit cards, chances are you will only be approved for one and have other denials not to mention several credit inquiries on your credit report.
Here are 9 reasons why clients should work with Synergistic Investments:
1. There are 5 major underwriting houses in the US that underwrite over 10,000 different lenders. If you submit applications to 5 different banks that are underwritten by the same house, you will only end up with one approval, and several wasted inquiries on your credit report.
As a result, you won’t be able to get approvals from other banks for unsecured credit for at least 12 months, due to the number of inquiries you have obtained.
Synergistic Investments knows which banks to apply to depending on what state you’re in, which banks pull from what credit bureau and which underwriting house a certain bank uses.
2. Does the client know which banks offer business credit cards that report only to the business credit bureaus? There are thousands of business credit card products, and many of them report to the personal credit bureaus. The banks you apply to will not tell you if their business credit cards report personally or not.
Synergistic Investments already has established relationships with lenders that report ONLY to the business credit bureaus.
3. Does the client know which Credit Bureau each lender is going to pull from? If you send out applications to 5 different banks that all pull from the same credit bureau, it is likely that most of your applications will be denied because of too many recent inquiries.
Synergistic Investments tracks where each lender pulls credit from, so that we can spread the inquiries between the three credit bureaus and get maximum approvals.
4. Do you know which banks to submit applications to first?
We track which banks are more sensitive to credit inquiries than others. There is a specific order that we submit our lending applications to get the best results.
5. Some lenders require existing relationships before approving you for a business credit card. If you do not know which banks require existing relationships, you will waste an inquiry on your credit report, without an approval.
Since Synergistic Investments already has established relationships with lenders, we can maximize your chances of approval.
6. We guarantee that all accounts approved in our program will come with a 0% introductory period for 6-12 months.
7. Synergistic Investments tracks each lender’s requirements, where they pull inquiries from, and who they are underwritten by so we can get maximum approvals for each client, as quickly as possible.
8. Synergistic Investments obtains over $5,000,000 a month in unsecured business credit approvals. This is what we specialize in.
9. Once approved, we will also send you a list of techniques that past clients have utilized to draw funds that they can use the same as cash (without paying high cash advance fees). This will allow you to utilize the accounts in a similar manner to a checkbook line of credit.
"In Ny DC and La it is a little harder due to the price point of the homes . in the mid west and other area it may be another great source of funding . will reach out to you later in the week to get some more detail . In this game even if you do not use it is allways great to have extra funding sources."
I respectfully disagree. I'm from Los Angeles, CA and the price point here is a lot higher as well but we've worked with many local real estate investors. Even if you find a Hard Money Lender that lends 100% which is close to impossible now a days, you will be required to pay hight interest rates plus a 50/50 split on profits because their doing 100% financing.
With our credit line however, let's say you have $150K line of credit and you are purchasing a $400K property, you can use the $100K for a 20% down payment to a Hard Money Lender, and still have $50K left for your rehab. That means that you are leveraging your credit line to do 100% financing (no money out of pocket whatsoever) and still keep 100% of ALL PROFITS. In this business you should just be creative and not limit yourself. I myself started with a $100K credit line. To date, I have close to $3.5M credit line as good as cash that I can leverage up to $30M if I need to.