Howdy Shoaib,
After a thorough review of the E-loansgroup web site, and although it
looks like they can arrange unusual or complex non-institutional real
estate loans, it does not appear that they will go for anything that
is too non-conforming, and they almost certainly will not do a deal
where the financing covers the closing costs, or credit rating is not
considered. Please note that they use the domain "mortgagepages.com"
for their information pages.
From their "About Us" page.
http://mortgagepages.com/webcity/aboutus.php
"We do not try to ' force a square peg in round hole ' . This also means
that we may not be able to assist everyone , but we will do our best and
will inform our clients accordingly , rather than waste their time.
...
We understand that it is very difficult to obtain Project Funding or
Commercial Loans , so we sometimes bring Collateral Providers to the table
to furnish sufficient Collateral , that makes a Project more attractive to
Lenders ."
From their "Unsecured Business" page.
http://mortgagepages.com/webcity/unsecloan.php
"Must have a minimum credit score of 680 from Equifax, Trans Union and
Experian.
...
Business Credit must also comply with Personal Credit."
From their "BUSINESS & COMMERCIAL LOANS" page.
http://mortgagepages.com/webcity/busloans.php
" ...
- 2 Years Tax Returns on all Principal Borrowers.
- Current Personal Financial Statements on all Principal Borrowers.
... "
From their "Hard Money Loans" page.
http://mortgagepages.com/webcity/hardloans.php
"Proof of Borrower?s Additional Funds to Close"
Their "INTERNATIONAL LOANS" page might offer some potential though.
http://mortgagepages.com/webcity/intloans.php
" ...
- Co-signer Funding
- Credit Builder Lines
- 100 % No Money down Plans
We offer an extensive array of loan Programs , mostly backed by Private
funds that include , but not limited to the following :
International Loans ..."
So, it might not hurt to send your proposal to E-loansgroup (a division
of Koko Investments) as they state on the "About Us" page referenced above,
"If there is no funding , the client does not pay us ." Also note, though,
they do state on that same page, "Projects that do not meet our standards ,
will be rejected." which might not bode well for a "credit record not to be
considered" situation.
If you need any clarification, please feel free to ask.
Search strategy:
Examined the E-loansgroup web site in detail.
http://www.e-loansgroup.com/
Looking Forward, denco-ga - Google Answers Researcher |
