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Question !
Category: Business and Money > Finance Asked by: shoaib-ga List Price: $2.00 |
Posted:
03 Aug 2005 19:39 PDT
Expires: 02 Sep 2005 19:39 PDT Question ID: 551483 |
Denco researcher I want to know that www.harry-hoffmann.com organization can provide "unusual or complex non-institutional, non-conforming real estate mortgage loans and Equity financing for a real estate deal" in foreign countries for commercial investment. | |
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Re: Question !
Answered By: denco-ga on 03 Aug 2005 20:52 PDT |
Howdy Shoaib, It appears that Harry Hoffmann will do the foreign country part, at least in Asia or Europe, but there is no explicit indication about Mexico, which is your usual country of interest. As for difficult projects, Harry Hoffmann says the following. http://www.harry-hoffmann.com/Project_funding.htm "For small, medium size and large projects also in difficult situations: - very low equity - in a difficult environment - at complicated market situations Direct contacts to large and worldwide operating institutions and suppliers support successful project implementation and project funding" He also says the following. http://www.harry-hoffmann.com/Risk_management.htm "Funding of projects, transactions and companies if sufficient securities for normal bank loans are not available ... We provide combined Bank Guarantees and Bank Loans for financing." My analysis of the site indicates that the Harry Hoffmann organization can and will handle unusual and complex non-institutional real estate projects. It also appears that they will do equity loans as well. As to non-conforming loans, the web site does not appear to explicitly address that part of your question, and there are not enough details or any specifics at all to tell how the Harry Hoffmann organization will react to your usual needs of all the costs, such as closing costs needing to paid by the finance package, etc. If you need any clarification, please feel free to ask. Search strategy: Went to the web site in question and reviewed it in detail. http://www.harry-hoffmann.com/ Looking Forward, denco-ga - Google Answers Researcher | |
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Re: Question !
From: myoarin-ga on 04 Aug 2005 07:06 PDT |
Shoaib, Since Harry Hoffman lives in here in Germany, I searched on his name and was surprised to find the name of an acquaintance on the same site, a person who offers fanancial services to individuals. I know a little about this person's activities from discussions and having translated a brochure or two for him. Then I checked where Hoffmann lives. Tornesch is a little town of 13,000 inhabitants several miles NW of Hamburg, and the street shown on his site is a purely residential area; he works from his home, as do most of these "financial advisors." Their primary activity is selling investments to wealthy individuals, especially investments that provide tax advantages, whereby their expertise is with the German tax system, of course. These investments are usually arranged by investment companies: funds, real estate projects, insurance policies, ... , whatever they can that pays them a good return, which is often concealed from the investor. The man I know said he wouldn't touch anything that did not give him 15% of the investment sum, whereby I know that the budgeted "marketing expense" on brochures for real estate projects showed only 10% of investment. The financial services these people sell may indeed be "unusual, complicated" and so on, but they are not "one-off" transactions tailor-made for a single investor. They may sell you a real estate investment in S.America with financing arranged, but it will be project from their contacts, not something you propose to them, and they will be getting a good commission. These are one and two man operations. If they can arrange loans, it will be through other lenders and almost certainly only within Germany. Regardless of how their websites read, they will avoid the hassle of working with a foreign investor seeking financing for a project in still another country. It isn't worth their time and they don't have the expertise. As good marketing people, they probably will not refuse directly but rather refer you to someone else, who will probably be polite and tell you that the first person made a mistake by sending you to him. I am sorry to put a damper on your hopes with this name, but in this case I do have some personal knowledge that I could share with you. Regards, Myoarin |
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