Essencap Funding LLC

1-4-unit residential properties, (Non-owner-occupied investment), 30 years, fixed rate, Minimum 680 FICO, 3 year turnaround,... No tax return requires. See more

Essencap successfully provides a refinance on a $1,350,000 mixed-use building, Somerset, NJ with no cash-out restriction. The subject is a mixed-use property on a site totaling 0.1722 acres. The improvements are comprised of 3 total buildings with a gross building area of 6,319 square feet. The property configured for three retail units, five two-bedroom apartments and one four-bedroom apartment. As of the date of value, the property was 100% occupied. The subject is located... within Somerset County in Central New Jersey. Located approximately halfway between Boston and Washington, D.C., the region combines excellent transportation links, a diverse and educated work force, a wide range of housing and proximity to both New York City and Philadelphia. As a function of these attributes, Central New Jersey realized unprecedented growth and development in the 1990's. These gains have not been without cost, however, presently, the area is wrestling with the same problems faced by most large urban economies in America. These include a shortage of affordable housing, a shrinking industrial base, and overburdened infrastructure. See more

Essencap is the direct lender on 1 to 4 family investment property loan - 30 year fixed. (No requirement on tax return, CPA nor employment letter submission.) http://mailchi.mp/2eaa29b2f73d/successful-funding-509727

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Essencap successfully provide a cash out refinancing on a $1.49 million mixed property in Midwood, Brooklyn, NY Essencap provided a 5 year term loan continues rolling for 20 years. The loan reset every 5 year until the loan is mature and pay off as schedule. The subject consists of a 2,100+ square foot site. Surrounding improvements are mid-rise, which has shown that it is possible to build on the site. The subject property is located in a R6 Residential District with a C1-2 ...Commercial Overlay; this zoning designation permits residential, and commercial improvements. The subject consist of a three-story, and cellar, mixed-use walkup apartment building with 5 apartments and one store. The Midwood neighborhood is a stable middle-income neighborhood. It is bounded on the north by the Bay Ridge Branch tracks just above Avenue I and by the Brooklyn College campus of the City University of New York, and on the south by Avenue P and Kings Highway.

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Three topics https://mailchi.mp/f622ac5cef94/successful-funding-4879360 Small Business Loan... Reminder on the CARES Act payments which covers the first 6 months of P&I payments for SBA Borrowers expires the end of September. This would be a good time for anyone buying a new property or refinancing a conventional loan for a better rate and working capital. The monthly P&I payments for a $1,000,000 SBA 7(a) loan would be $6,161 a month based on a 5.5% rate. This would also save a small business $36,969. Rates for SBA 504 loans are under 2.5%, fixed for 25 years. The weighted average rate for the 1st and 2nd mortgages would be under 4% today. Government Constructor Client The Federal Government’s fiscal year ends September 30th. We are seeing a ton of small government contractors with purchase orders they need to fill, but they don’t have the capital to purchase what they need. Government contracts are being funded by us as quickly as 24 hours. If you or your associates are looking for $25,000,- $250,000 to complete a contract please send me an email. Happy to help new and experienced contractors continue to service our government. Commercial Real Estate Loan A number of lenders do not offer cash out refinancing on commercial property. We are continues to provide cash out refinancing without issue. Our rate start at 3.875%. Can be a 10 year fixed rate term loan. Apartment building Office building Strip mall Single tenant property Warehouse Restaurant

Essencap successfully provide a cash out refinancing on a $900,000 strip mall in Erie, PA The borrower wants to take opportunity in purchasing more real estate and taking the opportunity in the slow economic. 3 weeks closing with no restriction cash out, including restaurant and nail spa tenants, which is currently a hard hit business sector . https://mailchi.mp/f622ac5cef94/successful-funding-4879360

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