Howdy Shoaib,
Equity loans are not the same as equity investments, which is what you are
usually asking about.
From the Trust USA Mortgage Company web page you cite.
http://www.trust-usa.com/programs/hardlines.html
"The main factor in this type of loan is the equity in the collateral and the
position of the mortgage (first, second or third mortgage.)."
An equity loan is a loan of money based on property wherein you already own
some amount of (partial or full ownership) equity.
This Mortgage-Investments.com page entry by Matthew D. Weidner, Attorney At
Law, might describe it better.
http://www.mortgage-investments.com/Real_Estate_Professionals/lenders.htm
"What are 'hard equity', 'hard money' or 'private' mortgages?
These terms refer to non-institutional residential and commercial mortgages
which are often funded by private parties or specialist companies. The
mortgages are secured by the equity held in the property against which the
mortgage is recorded."
So, if there is a piece of property that you held equity in, then yes, if
you could get a hard equity loan on that property, you could then in turn
use that money for the purposes you describe.
But, if you don't own the property yet, that is, you are trying to acquire
(buy) that property, then you would not have any equity (ownership) in that
property yet, and would not qualify for a hard equity loan.
Search strategy:
Referenced the URL provided.
Google search on: "hard equity"
://www.google.com/search?q=%22hard+equity%22
Looking Forward, denco-ga - Google Answers Researcher |
Request for Answer Clarification by
shoaib-ga
on
31 Jan 2005 20:28 PST
Denco researcher thanks for your answer and your answer deserves
***** rating. But Denco researcher you have indicated above
that borrower cannot get hard equity loan for commercial
investment unless borrower does have some equity in the
property, Denco please note that First capital solutions
organization or www.1stcapitalsolutions.com provides "100%
loan-to-value real estate mortgage loan and 100% equity loan or
hard equity loan" to pay for "property closing costs, lender
commitment fees, processing fees, and to pay for application fees"
and borrower has to pay "nothing" so as to obtain property mortgage
loan because this organization provides loans only to those borrowers
whose loans:
"have been turned down for conventional funding... or borrower has
run into difficulty in structuring a deal because your project falls
outside the "normal" development scenario... if you feel the window of
opportunity is closing and feel beaten by "the system" ...
So therefore please "clarify" this statement and thanks for
your help from Shoaib.
|
Request for Answer Clarification by
shoaib-ga
on
31 Jan 2005 20:45 PST
Denco researcher you have indicated above that borrower cannot get
hard equity loan for commercial investment unless borrower
does have some equity in the property, Denco please go to the
following website address:
http://www.kandh.net/page5.html
and then click on the link stating "100% equity loan is available"
and on that webpage it is written that "The investor will finance up
to 100% of both hard and soft costs, associated with project
development and is willing to address financing soft costs prior to
final project approvals",
Denco you will notice above that the specialized international
investment bank will provide 100% equity loan or hard equity
loan for commercial investment for property purchase and its
specialized equity investor is also willing to address
financing soft costs prior to final project approvals" and
please note that there is no indication in that webpage that the
borrower also should have 'some equity in the property' before
purchase in order to qualify for property mortgage loan ?? So
therefore please clarify this statement and thanks for your help
from Shoaib. Denco researcher if required I will increase the price
of this question.
|
Clarification of Answer by
denco-ga
on
01 Feb 2005 11:14 PST
Howdy Shoaib,
Secondary and tertiary questions like this really should be posted as new
questions. You should review the suggestions here:
http://answers.google.com/answers/help.html
When it comes to the First Capital Solutions web site, I can not find the
page on that site that states they have a "100% loan-to-value real estate
mortgage loan and 100% equity loan or hard equity loan" program.
http://www.1stcapitalsolutions.com/
If you could point the web page on the above site that has that information,
that would be greatly appreciated. Thanks!
As for the Kilpatrick and Hart, Ltd., Inc. web page, please note the link is
"100% Equity and Debt Profile" and that the document you get when you click
the link is titled: "100% Equity and Debt Financing."
http://www.kandh.net/100%25%20Equity%20and%20Debt%20Financing-1.doc
Nowhere in the above document is the word "loan" mentioned, but rather it
appears to be outlining an equity investment program. They do seem to
indicate they might handle "hard" costs (the money to purchase the property)
as well as the "soft" costs, such as closing costs, etc. That said, please
note their main criteria: "The sponsor of the project?s main requirement is
to be able to show a record of successful development performance."
Their "Hard Money Profile" does not mention a 100% loan product either.
http://www.kandh.net/Hard%20Money-Updated1.doc
"COLLATERAL: Real Estate and other fixed assets
LOAN TO VALUE: Up to 50% to 70% of 'Quick Sale Value'"
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
01 Feb 2005 18:33 PST
Denco researcher you are right that information about "100%
loan-to-value real estate mortgage loan and 100% equity loan" is not
provided in that website of First capital solutions
organization but please note that few months before it was written in
their website that our funding sources will provide all
"property closing costs, lender commitment fees, processing fees, and
to pay for application fees" and the borrower shall "only" have to
"absorb" the cost of due diligence for his project by any outside
agency and please note that this information about due diligence is
provided in its following webpage address:
"the "Due Diligence" will be done by an outside agency and the cost
will usually be absorbed by the client" in its following website
address:
http://www.1stcapitalsolutions.com/1_due.htm
so therefore the above mentioned statement means First capital solutions
organization can arrange "100% loan-to-value real estate mortgage
loan and 100% equity loan" to pay for "all" of the above
mentioned or below mentioned property purchasing costs. To
provide "proof" of above mentioned statement please go to its
following glossary webpage;
http://www.1stcapitalsolutions.com/1_glossary.htm
and in that webpage the following information about closing costs
has been provided:
Closing Costs
Various fees and expenses payable by the seller and buyer at the time
of a real estate closing, (also termed transaction costs). Includes
brokerage commissions, lender fees, title insurance, recording fees,
prepayment penalty, inspection and appraisal fees, and attorney fees.
In the above mentioned statement please note that lender fees
includes "lender commitment fees, processing fees, and application
fees"
Denco researcher if possible then please provide response to that
statement. Thanks for that from Shoaib.
|
Clarification of Answer by
denco-ga
on
02 Feb 2005 10:41 PST
Howdy Shoaib,
It is hard for me to comment or draw conclusions from something that I can't
read myself. I am not saying I am doubting you, but rather if the web site
no longer includes this information, it is hard to determine if they still
offer this product.
If a company has a product that provides for the total ("hard and "soft")
costs of the purchase of a piece of property, it does not always mean it
will be in the form of a "hard equity" loan.
But, yes, what you describe looks like a product that would provide, most
likely in the form of a "100% loan-to-value real estate mortgage loan,"
and not a "hard equity" loan, all of the costs, except the due diligence
fees, for a investment property acquisition.
Obviously, if the applicant does not "pass" due diligence, it would be
doubtful they would get financing.
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
02 Feb 2005 20:48 PST
Denco researcher you have indicated above that I might have drawn
conclusions please note that I have not drawn conclusions
because that First capital solutions organization works or arranges
loans from "non-conventional international funding sources" and
please note that non-conventional funding sources can provide 100%
loan-to-value real estate mortgage loan and 100% specialized equity
loan without personal guarantees but on the other hand conventional
or asset based funding sources can provide 100% equity loan
without personal guarantees as an exceptional case but please note
that conventional or asset based funding sources in that case
can provide maximum loan-to-value loan of 70% or 80% for
purchase of property and conventional or asset based funding
sources "cannot" provide 100% loan-to-value property loan in
that case. For confirmation of that information please go to the
website of Fidelity global group or www.fidelityglobalgroup.com
and this organization is international conventional or asset
based funding source. Denco researcher if possible then please
provide clarification of my above mentioned statement. Regards from
Shoaib.
|
Clarification of Answer by
denco-ga
on
02 Feb 2005 22:03 PST
Howdy Shoaib,
I did not mean to indicate that I thought you had drawn any conclusions
from the information that you provided. I was trying to indicate that
it is hard for me to comment on content that is either no longer on a
web site, or is content that I can't locate on a web site.
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
07 Feb 2005 00:37 PST
Denco researcher I need a little of your help. Denco researcher I
shall place another request in this website and I need the website
address of any leading and SPECIALIST "international loan
broker or international loan consultant" working as "agent or
representative" with WWW.ML.COM international investment bank and
that international loan broker or international loan consultant
should be able to arrange 100% loan-to-value real estate mortgage
loan and speciality equity loan to pay for all of the
property transaction or closing costs from above mentioned
international investment bank and its speciality equity funding
source should also be willing to address financing all of the
soft costs prior to final project approvals for purchase of
residential real estate in the Latin America and Europe for
commercial investment so that I shall be able to 'apply' to that
international loan broker or international loan consultant for
above mentioned purpose. So therefore I want to know that you can
provide to me answer in this regard in another posted question ID
and thanks for that from Shoaib ? Note; Please note "minimum" loan
amount of that international loan broker or international loan
consultant should be US$ 250,000 or US$ 500,000 or US$ 1 million
for above mentioned purpose.
|
Clarification of Answer by
denco-ga
on
07 Feb 2005 11:38 PST
Howdy Shoaib,
I will take a look at a new question that you post. For the type of
question it appears you have, I do not believe the fee that you usually
offer will suffice. It looks like there could be at least tens of hours
needed to do the research required to answer it to your satisfaction.
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
08 Feb 2005 23:04 PST
Denco researcher thanks for your answer above and you had indicated
above that fee for providing that answer should be sufficient so
therefore please note that I will pay US$ 30 for the answer of that
question and according to my opinion US$ 30 would be sufficient
for the answer of website address of 'one' of any leading and
SPECIALIST "international loan broker" working as "agent or
representative" with WWW.ML.COM international investment bank for
my above mentioned purpose ?? Denco researcher if you need any
further clarification of that statement then please provide
response to that statement ? Thanks for your help from Shoaib
Sarfraz
|
Clarification of Answer by
denco-ga
on
09 Feb 2005 13:29 PST
Howdy Shoaib,
I will be more than happy to look at any question that you post.
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
15 Feb 2005 04:23 PST
Denco researcher please note that I need the "website address" of any
other international mortgage loan company "similar" to the
http://www.archongroup.com/about.htm
international mortgage loan company but that another international
mortgage loan company should have "minimum" international mortgage
loan amount of US$ 500,000 or US$ 250,000 or US$ one
million for purchase of residential retail or multiple properties
for individual in the Latin America and Europe for commercial
investment and that another international mortgage loan company
should provide all types of equity loans including hard money(or
hard equity) loan and also including those equity loans for
purchase of properties which are "unusual" or have been:
"turned down for conventional funding... or borrower has run into
difficulty in structuring a deal because your project falls outside
the "normal" development scenario... if borrower feel the window of
opportunity is closing and feel beaten by "the system" ..
Denco researcher I will pay US$ 30 for providing the answer of that
question. Denco researcher I am sure you would not hesitate to provide
to me the answer of that question. Best regards from Shoaib.
|
Clarification of Answer by
denco-ga
on
15 Feb 2005 17:02 PST
Howdy Shoaib,
I will be more than happy to look at any further questions you might post.
Thanks! denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
17 Feb 2005 04:15 PST
Denco researcher please note that I have posted that question for
providing the website address of any other international mortgage
loan company for above mentioned purpose. Great thanks for your help
for that purpose. Best regards from Shoaib.
|
Clarification of Answer by
denco-ga
on
17 Feb 2005 10:18 PST
I will take a look at it Shoaib.
Thanks! denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
18 Feb 2005 02:02 PST
Denco researcher please note that if more money is required for the
answer of that question ID of subject -Contact address- then
please note that I have increased its price from US$ 30 to US$ 40
but if you still want to open that question ID to any other
researcher then please inform to me that how much time any of those
researchers of this www.answers.google.com website would take to
provide its answer ?? Please note that if possible then that
researcher should provide its answer within 24 hours. Thanks for
that help from Shoaib.
|
Clarification of Answer by
denco-ga
on
18 Feb 2005 13:36 PST
Howdy Shoaib,
You should do a clarification on the question in question to note that you
need a quick answer, such as "in 24 hours" or "by Monday, February 21st" or
such. You might also want to note that the question is open to anyone who
could provide the answer to you in that time period. If time becomes open
to me, I will take a further look at the question as well.
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
01 Apr 2005 16:30 PST
Hello Denco researcher I hope you would be fine. Denco researcher
please note that I greatly appreciate for all of the previous
help you provided to me and great thanks for that help and please
note that I had previously asked many questions from you because we
had become familiar with each other but Denco researcher if you are
now inconvenient for answering my questions then I shall not ask from
you posted questions again. Denco researcher please provide response
of my above mentioned statement. Regards from Shoaib.
|
Request for Answer Clarification by
shoaib-ga
on
01 Apr 2005 16:40 PST
OR simply does not want to provide answers for additional
questions then I shall not ask from you posted questions again.
Regards from Shoaib.
|
Clarification of Answer by
denco-ga
on
02 Apr 2005 13:41 PST
Howdy shoaib-ga ,
It's not that I don't like answering your questions. I find the ones I
have answered to be interesting. The main problem that I, and possibly
others have, is that you have many requests for answer clarification.
For instance, the original question here is for $2.00, and it probably
should have been priced higher as it took a certain amount of technical
interpretation to answer.
You then, as you often do, proceeded to ask several (five in this case)
clarification questions that even though they might have been somewhat
related to the original question, were indeed new questions. To be fair
to researchers, each of those should have been posted as new questions.
Once answered though, as researchers try to do, some additional type of
compensation would have been welcome as well.
Sometimes, some researchers, such as myself, will generally not work on
complicated questions due to unpredictable schedules. These researchers
like to work questions that can take a relatively short amount of time to
answer. Other researchers like to work the higher priced questions that
take more time.
I doubt many researchers like to work a low priced question that takes
lots of time.
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
12 Apr 2005 05:43 PDT
Denco researcher please note that I have posted a very simple
question ID 507078 so therefore if possible for you then
please provide its answer. Denco researcher please note that if
more money is required for the answer of that ID then I will
increase its price. Sincere and many thanks for that help
from Shoaib.
|
Clarification of Answer by
denco-ga
on
12 Apr 2005 11:49 PDT
Howdy Shoaib,
I have posted a "Request for Question Clarification" for the question in
question.
http://answers.google.com/answers/threadview?id=507078
Looking Forward, denco-ga - Google Answers Researcher
|
Request for Answer Clarification by
shoaib-ga
on
24 May 2005 11:10 PDT
Hello Denco researcher I hope you would be fine. Denco researcher
please note that I have placed another request in question ID 524051
and please note that I need website address of international mortgage
loan company in that question ID and its price is US$ 100 and
according to my opinion that price is sufficient for its answer. Denco
researcher thanks for that help from Shoaib.
|
Clarification of Answer by
denco-ga
on
25 May 2005 09:50 PDT
Perhaps someone else can work on your questions in the future.
Looking Forward, denco-ga - Google Answers Researcher
|
