1 Frequently Asked Questions About Trust Deed Investing and Sterling Pacific Financial This document is presented in four categories: FAQs about Trust Deed Investments (this page) FAQs about investing with Sterling (page 3) FAQs about fractional note and deed investments (page 6) FAQs about Sterling Pacific s mortgage pools, The Foundation Fund LLC and The First Floor Fund LLC (page 8) FAQs About Trust Deed Investments Q: What exactly is a trust deed and, what are trust deed investments? A: A trust deed (or a deed of trust) is a document filed with a county recorder s office indicating that there is a loan against a property creating a secured lien on the property, providing collateral for the lender or lenders. (Terminology may differ outside of California some states may use a mortgage instrument, for example but the filing of some sort of lien is typical when mortgage loans are provided.) Trust deed investments are opportunities for individuals to provide these mortgage loans privately, working through a licensed intermediary like Sterling Pacific Financial. Q: What are the benefits of trust deed investing? A: Trust deed investing offers a combination of high returns and monthly cash flow with a secured investment. Investors receive monthly interest payments on their invested capital as they would with a fixed income investment or money market fund, but the yields are typically higher. Trust deeds also offer a vehicle for investing in real estate without the need to manage property. They re an excellent way to diversify a portfolio. Plus, unlike publicly traded real estate related securities e.g., CMOs, MBSs, REITs trust deed investments are straightforward and easy to understand. Q: Why haven t I heard of trust deed investing before? A: Most private money trust deeds are created by small mortgage companies, and are not typically sold or securitized on the secondary mortgage market a prerequisite for trading in mainstream markets. This, combined with their smaller volume, makes them unattractive to large financial services firms to market to the masses even though investors might benefit from awareness of these opportunities.
2 Q: What are the risks associated with trust deed investing? A: There are four main sources of risk with trust deed investing: property devaluation, interruption of cash flow (i.e., borrower fails to make payments), legal action, and, in the case of second position deeds, loss in the event of a foreclosure and sale of the senior lien. Sterling Pacific Financial aims to manage all of these risks on behalf of investors. For example, requiring an appropriate loan-to-value (LTV) ratio keeps property devaluation risk to a minimum. Sterling Pacific carefully manages its relationships with borrowers throughout the loan term helping to contain the risk of interrupted cash flow and the need for foreclosure. Detailed evaluation of potential borrowers before agreeing to lend money helps avoid backing properties that could be tied up in legal actions. Q: Why would a borrower choose to use a private money lender and pay a higher interest rate? A: There are many reasons why a borrower would prefer a private loan to a bank loan. Most often, speed, service and flexibility are priorities. Q: Are trust deed investments FDIC Insured? A: FDIC insurance only applies to bank deposits. Trust deed investments are not FDIC insured. For example, if a borrower needs a loan closed within 30 days, this is generally impossible for a commercial bank. Short term loans (e.g., one to five year term) are also typically outside the specifications of conventional loans. Or, sometimes a borrower may have minor credit issues unlike a bank, a private lender can assess the potential risk and vary the terms to make a profitable loan in these situations. Q: How do I choose a reputable mortgage company specializing in trust deed investments? A: Find a company that has a successful track record of providing these types of investments. Research the company online at the website for the California Bureau of Real Estate ( where you can check to see if the company has an active license or any consumer complaints against them. Q: Can I invest in trust deeds in my retirement account or my company s pension plan for employees? A: You can invest in trust deeds in your IRA or pension provided that it is self-directed. Custodians who can help you set up a self-directed account include: IRA Services Trust Company PENSCO Polycomp Entrust Sunwest Trust Equity Trust Company Trust Company of America
3 FAQs About Investing With Sterling Pacific Financial Q: What type of investments does Sterling Pacific Financial offer? A: We act as a mortgage broker to investors interested in making private real estate loans to California real estate borrowers we ve identified and evaluated. A note and a first or second deed of trust secure these loans, which may be funded by a single investor or fractionally by multiple investors. Additionally, we offer mortgage pools that allow multiple investors to collectively fund multiple real estate loans. Q: What role does Sterling Pacific Financial play? A: For both borrowers and investors, Sterling Pacific Financial provides a single management organization to handle evaluation of loan opportunities, loan origination and underwriting, documentation and compliance, payment operations, intake of investment funds and distribution of monies to investors. Sterling Pacific Financial acts as broker for investors lending directly by investing in a specific trust deed, and as fund manager for two mortgage pools, The Foundation Fund, LLC and The First Floor Fund, LLC. Q: Why do investors choose Sterling Pacific Financial for private money lending? A: First and foremost, investors tell us they appreciate Sterling Pacific s track record of successful real estate lending, and the underwriting and management techniques Sterling Pacific uses to achieve their results. Sterling Pacific Financial s transparent information policies, along with the depth of information provided about loan opportunities, give investors confidence. Investors also appreciate the personal attention and boutique style service the firm provides. Sterling Pacific Financial is comparatively well-capitalized. As a result, we re able to act on attractive opportunities quickly unlike many other firms, we do not need to line up investors prior to approving a new loan. This often allows us first pick of the best lending opportunities. Many investors also appreciate the fact that the managers of Sterling Pacific Financial are themselves investors in the fund. Q: How do I know if I am eligible to invest? A: Although trust deed investing is not widely marketed, it is available to many different kinds of investors through Sterling Pacific Financial. Our net worth requirements (exclusive of home, furnishings and automobiles) are $500,000, or $250,000 when combined with annual gross income of at least $65,000. Also, investors must be prepared to commit their money for at least one year. Q: What is the minimum amount I can invest? A: The minimum initial investment is $25,000. There is no maximum investment amount. Additional investments can be made thereafter at any time. Q: Why do borrowers choose Sterling Pacific Financial for funding? Why are they willing to pay higher interest rates than banks charge? A: Borrowers choose a private money lender like Sterling Pacific Financial when bank financing is
4 inappropriate or unavailable. For example, when a borrower needs to close a loan very quickly, needs a short-term bridge loan, has imperfect credit, or has a development plan that doesn t fit with (typically somewhat inflexible) standards required by banks. Often, a private money loan is the only option. Many of Sterling Pacific Financial s borrowers are repeat clients. They prefer to work with Sterling Pacific over other private money lenders because they value the attention and personal service Sterling Pacific provides. Working with repeat clients in turn helps Sterling Pacific Financial keep its default risk low. Q: What types of real estate projects are considered for loans by Sterling Pacific Financial? A: Sterling Pacific Financial brokers trust deed loans on non-owner-occupied residential real estate, raw and improved land, and commercial real estate, including retail, mixed-use, offices, apartments and industrial properties. Our loans include purchase money loans, refinance loans, construction loans, and rehab loans. We do not broker unsecured business loans, personal loans, or consumer purpose loans. Q: What measures do you take to prevent or minimize risk? A: Sterling Pacific Financial takes several steps and precautions to minimize risk and to protect investor capital. Because we are primarily a collateral-based lender, our first and most important concern is that the property have sufficient protective equity. The loan-to-value ration (LTV) is determined on each and every property we consider by a licensed, third-party appraiser. Our standards for LTV are very strict, and are typically considerably more conservative than a commercial bank s. Sterling Pacific Financial further mitigates risk by regularly monitoring other pertinent criteria including senior lender payments, taxes, and hazard insurance. By monitoring payments to senior lenders, we can protect our investors even when we are in second position. If a foreclosure action has been started by a senior mortgage holder, Sterling Pacific Financial will cure the defaulted payments and have the foreclosure rescinded. Sterling Pacific Financial would then initiate a foreclosure action to protect its investors interests. Q: What happens if, despite preventative measures, the borrower defaults? A: Sterling Pacific Financial has advised investors on loan opportunities through all market cycles. Our in-house expertise in work-out situations allow us to work with the borrowers and successfully work-out the loan to protect invested capital. Foreclosure and sale of the real estate may be part of the process. Q: How does Sterling Pacific Financial make its money? A: Sterling Pacific Financial earns fees by originating, underwriting and servicing loans. The borrower pays both the origination fees and the underwriting fees. The servicing fee is netted out of the monthly distribution to investors and represents the spread between the note rate, which the borrower pays, and the investor yield. Sterling Pacific also earns a fee for managing its Foundation Fund and First Floor Fund mortgage pools. Q: Is Sterling Pacific Financial a Real Estate Investment Trust (REIT)? A: Sterling Pacific Financial is not a REIT - we are a California-licensed real estate mortgage broker that originates privately funded real estate loans.
5 In a REIT, investments are pooled primarily to purchase income properties, and the return to investors is typically dependent upon management of these properties and the generation of rental income. Sterling Pacific s investors, on the other hand, are simply providing mortgage loans, and earning interest income. The process is relatively simple, straightforward and transparent. Q: Should I invest in individual trust deeds or in one of Sterling Pacific s mortgage pool funds? What other investment decisions do I need to consider? A: The answer depends on your preferences. Some investors like the idea of funding a specific project especially if the type of development or location are familiar to them, or if doing so provides a higher return. Other investors place more value on diversifying across multiple projects and delegating property selection entirely to a fund manager; mortgage pools are specifically designed for these goals. If you are considering investing in a single trust deed (or fractional participation with a small number of co-investors), you should also consider whether a first or second deed is appropriate for you. Second trust deeds typically offer higher returns, but with somewhat higher risk. Q: When do I get paid and how? A: We distribute interest payments to investors in individual and fractional trust deeds on a monthly basis, on or near the 15 th of each month. Until the borrower begins repayment of the loan, investors are paid from the impound account associated with the loan. Borrowers payments are processed through our trust account, and then net interest due is paid to investors. You may have the interest check sent directly to you or electronically direct deposited. For the mortgage pools, you can elect to receive a payout of your earnings, or reinvest them in the fund. Earnings are distributed monthly.
6 FAQs Fractional Note and Deed Investments Q: What are fractional note and deed investments? A: When a large loan amount is required for a real estate project, the investment can be divided among multiple investors each providing a fraction of the money. These fractional investments provide the investors a share in the deed proportionate to their portion of the loan amount. Their investments are collectively secured by the trust deed, and the entire loan is serviced and managed on behalf of all the investors involved by Sterling Pacific Financial. Q: What should I look for a trust deed investment opportunity? A: Sterling Pacific Financial suggests that investors choose mainstream real estate property where there is a resale market. This includes properties such as: homes, apartments, commercial and industrial buildings, and land. Some properties we avoid include: water slide parks, fish farms, health clubs, and rural properties.a Because collateral is so important in reducing risk in trust deed investing, the ratio between the mortgage loan and the value of the real estate the loan-to-value ratio, or LTV is especially important. In the example below, a loan amount of $600,000 on a property worth $800,000 means an LTV of 75% -- a relatively conservative figure for a bank loan, but, depending upon the type of property, potentially a bit outside the desirable range for a private money loan. LOAN = LTV $600,000 = 75% (LTV) VALUE $800,000 Q: How do I decide which loan to invest in? There are many criteria to consider, based on your own investment needs and preferences, including: loan term, location of the property, interest rate, and loan-to-value ratio. Every opportunity we represent has undergone an evaluation by our staff before it is offered as an investment. We only offer investment opportunities that, in our opinion, have a very high probability of paying off successfully. Choosing among them is primarily a matter of deciding which specific deal features are most important to you. Q: What information does Sterling Pacific Financial provide to help investors evaluate trust deed opportunities? A: To help you make an informed decision, Sterling Pacific Financial provides the following: o Loan summary for the trust deed investment o Regional and local maps for the subject property o Borrower s loan application o Borrower s credit report o Borrower s financial statements o Appraisal from independent, certified appraiser with original photographs and area location map o Current preliminary title report issued by the title insurer.
7 Q: What kind of security do trust deed investors have? A: There are inherent risks with trust deed investments. We have developed many pre-funding and loan servicing practices to keep these risks to a minimum. Still, sometimes loans become non-performing for reasons that could not be predicted before writing the loan; when this happens, we handle the problem in a timely and professional manner, to protect the interests of our investors. In the event of a default, and if it is determined that it is in our investor's best interest to foreclose, then we take steps to begin foreclosure. Q: What does this high level of service cost the investor? A: Sterling Pacific Financial servicing fee is 0.50%. This fee is deducted directly from monthly earnings before distribution. For example, if the investor is earning a 10.0% interest rate, the borrower would pay 10.5% and Sterling Pacific Financial would take the 0.5% difference as our servicing fee. You will find that we express your return as a net yield, which is the note rate less servicing fee. Q: What if I need my money before the loan I'm invested in comes due or pays off? A: Your investment is applied to a loan for a specified duration. These loans are generally for a term of 12 to 36 months, so you should plan on your investment remaining in place for that period. If you must request liquidation of your investment due to an unexpected hardship, we will do our best to attempt to market your investment position for sale. Our first step is to make your investment position available to other investors. If a new investor agrees to take over your position, we make the substitution and redeem your stake. Please note that, while we make best efforts to accommodate these requests, we cannot guarantee that pre-term liquidation can be accomplished. Q: What happens when the loan matures? Is my invested capital automatically returned? A: Part of our initial underwriting is to determine the borrower s exit or payoff strategy. Generally, the borrower will pay off the loan by either selling the property or refinancing with another lender, or refinance into a new loan with Sterling Pacific Financial. Each of these outcomes provides an opportunity for the initial investors to be repaid.
8 FAQs About the Foundation Fund and the First Floor Fund Mortgage Pools Q: What are the Foundation Fund and the First Floor Fund? A: These funds are mortgage pools managed by Sterling Pacific Financial. Sterling Pacific Financial identifies and qualifies borrowers and originates and underwrites loans made by the fund. They offer investors the opportunity to invest in a variety of real estate lending opportunities with a single investment. The funds are similar in investment philosophy. The main difference between the two is that the Foundation Fund is only available to US citizens residing in California, while First Floor is not geographically restricted. Q: What types of investors participate in the funds? A: Individuals, family trusts, investment funds and corporations invest in these mortgage pools. Besides direct investment, individuals invest through self-directed IRAs and 401K Plans. Corporations may also invest their pension assets in the funds. Q: Why invest in the Foundation Fund or the First Floor Fund? Diversification of investment risk: a portfolio of multiple loans, with a variety of property types, borrowers and locations. Performance: your investment is fully invested at all times in high yielding loans; high historical annual returns; monthly income distributed or reinvested at your choice; excellent for IRAs; low management fees. Effective risk management: experienced team; unblemished track record; all loans secured by real property. Expert fund management. Minimum personal commitment: fund management does the legwork for you. Q: How are the funds able to pay such high returns to its investors? A: The mortgage pools offered by Sterling Pacific Financial are portfolios of high yielding mortgage loans with interest rates currently ranging from 10-12% in most cases. After specific expenses and the management fee are deducted, the majority of the interest earnings collected are distributed to the investors in the form of dividend distributions. Q: How am I assured that the funds invest in good loans? A: Sterling Pacific Financial conducts a thorough loan analysis prior to creating or investing in a trust deed investment for its mortgage pools. This process includes (but is not limited to) securing a third-party appraisal to ensure a conservative loan-to-value (LTV) ratio, conducting a credit and re-payment analysis of the borrower, performing a thorough title search, and obtaining a full title insurance policy. Throughout the loan term, each trust deed held by the funds is professionally serviced and tracked monthly by Sterling Pacific to minimize payment default. Hazard insurance is also
9 monitored to make sure that all policies are in effect. Property taxes must be paid current at the time the loan is created or purchased. In the unlikely event of a default, Sterling Pacific Financial s experienced team works with borrowers to resolve the situation. If necessary, foreclosure and sale of the property will occur to preserve fund capital. Q: Is my investment in the fund secured? A: Each loan in the portfolio is collateralized and secured by a trust deed and your investment in the fund provides you an interest in the entire portfolio. So, even in the unfortunate event of a default, the fund s inherent diversification of your investment across many loans will mitigate the effect on your monthly income. Q: What is my protection from liability as an investor? A: Our funds are set up as limited liability companies (LLCs). Each investor in the funds becomes a member of the corresponding LLC, with all the rights and limited liability protection afforded to members of a limited liability company by law. Q: Who regulates the funds? A: The Foundation Fund and First Floor Fund are licensed by the California Department of Business Oversight under permit number and , respectively. (These permits are permissive only and do not constitute a recommendation or endorsement of the securities permitted to be issued.) Q: What are the fees charged? Are there load charges? A: The fund pays its manager, Sterling Pacific Financial, a management fee of up to 1% per annum. In addition the fund pays Sterling Pacific Financial a loan servicing fee of 0.5% per annum on loans in the portfolio. These fees are deducted before annual yield is calculated and are the only fees paid by the fund. No other fees are charged to investors. Q: What yield can I expect? Are yields guaranteed? A: Investors receive the actual interest paid by the borrowers to the fund less the costs of managing the fund, servicing the loans and administering the fund. The historical range has been 9-11% but this range can change at any time in response to market conditions. Our regulating agency, the CA Department of Business Oversight, prohibits us from guaranteeing any specific yield or that our funds will never suffer a loss of investors capital. That said, the Foundation Fund and First Floor Fund invest only in high quality, low loan-to-value (LTV) mortgage loans. We follow an investment fund that we have tested in California through virtually every economic condition and cycle, across every type of property from farmland to skyscrapers, residential developments to commercial buildings.
10 Q: How are interest payments calculated? A: The monthly payment each investor receives depends on the total performance of the loans held by fund not the performance of any individual loan. The amount of payment is determined by the amount you have invested (i.e., your share of the total fund investment), and overall fund performance. Q: How soon does my investment in the Foundation Fund or the First Floor Fund begin earning interest? A: All new investment funds are deposited in a subscription account in a bank until they are needed to invest in a loan. This period will be less than 60 days, and during this time the funds will earn no interest. When the funds are accessed for a loan, the investor will receive the same aggregate yield as other investors in fund. Q: Can dividends be reinvested? A: Investors have the choice of receiving regular monthly cash distributions of fund income, or having their income credited to their capital accounts and reinvested by the fund. An investor may elect to switch from one of these options to the other only upon 90 days notice to the fund manager. Q: How do I know how much money I ve made with fund(s) I ve invested in? How can I monitor fund performance? A: As an investor you will receive a monthly statement of your account, as well as annual with audited financial statements. Q: Can I move my current investments into the mortgage fund? A: Yes, we can do this for you immediately or when your current investments pay off. Q: Can I invest funds from my IRA or pension plan into one or both of the funds? A: Yes, provided that your IRA or pension plan is self-directed. Investing in Sterling Pacific Financial s mortgage pools through a tax-advantaged account allows you to benefit from the high earnings potential of the investment while delaying the tax implications until retirement when your taxable rate may be lower. Q: Should I invest all of my money in one or both of these funds? A: While we re confident of our performance projections of the mortgage pools, we believe strongly that diversification is essential to building a healthy and balanced investment portfolio. Diversification spreads investment capital over different types of investments to distribute risk. For this reason, we qualify all investors and limit investment across Sterling Pacific Financial s offerings to a maximum of 10% of the investor s net worth. Q: Is there a minimum term? What if I change my mind about investing? How soon after making an investment in one of the mortgage pool funds can I withdraw my money? Can I add funds at will? A: There is an initial 12-month term beginning when you purchase your membership interest. After that, you may redeem some or all of your shares at will by giving us written notice. We
11 commit to redeeming your shares within 60 days, based upon the availability of cash resources within the fund. Keep in mind that our goal is to keep invested capital working, generating interest which means that most of the capital in the fund at any time will be lent out to borrowers. Of course, as maturing loans are paid off and other investors provide new funds, the funds cash reserves are replenished. We use these reserves to pay off investors who wish to redeem their shares. Regarding adding funds, investors can invest in either fund as frequently as they like, as long as the fund is still offering membership interests.
Nine Things to Consider When Evaluating Trust Deed Investment Sources for Your Clients A White Paper for Financial Advisers Presented by Sterling Pacific Financial (www.sterlpac.com) Nine Things to Consider
W H I T E P A P E R The more informed one is the better decisions one makes. DISCLOSURE REGARDING THE PURPOSE AND SCOPE OF THE INFORMATION PROVIDED HEREIN This informational booklet is provided to those
Self-Directed IRAs Made Easy All information provided is for discussion purposes only. Please consult your tax advisor before entering into any financial transactions. About Advanta IRA As the nation s
REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer
A Quick Guide to Real Estate IRAs American IRA, LLC Declare independence from Wall Street! Self-directed IRAs and other retirement accounts let you take personal control of your assets. YES! You CAN Own
SafeGuard Capital partners Private Lending: Mortgages & Trust Deeds 900 Washington St, Suite 800 Vancouver, WA 98660 877-280-5771 Private Mortgage Lending (Also Known as Trust Deed Investing) Most investors
SECTION THREE: TYPES AND EXAMPLES OF LOANS This Section on types of loans, provides the opportunity to begin calculating actual loan payments. A basic understanding of the use of a financial calculator
The Real Estate IRA Frequently Asked Questions Simply put, a self-directed individual retirement account (IRA) gives you the freedom, flexibility, and choice of how to invest your hard-saved dollars. A
Real Estate IRA Frequently Asked Questions Simply put, a self-directed individual retirement account (IRA) gives you the freedom, flexibility, and choice of how to invest your hard-saved dollars. A real
GLOSSARY COMMONLY USED REAL ESTATE TERMS Adjustable-Rate Mortgage (ARM): a mortgage loan with an interest rate that is subject to change and is not fixed at the same level for the life of the loan. These
Private Money Blueprint Coaching Program Module 6 Using IRA Money and Pooling Funds Communicate With Us Susan firstname.lastname@example.org Trevor email@example.com Patrick firstname.lastname@example.org
Private Money Commercial Real Estate Finance Solutions 11755 Wilshire Boulevard Suite 1800 Los Angeles, CA 90025 (310) 231-1270 (310) 231-1271 fax www.westbayllc.com 1 Introduction West Bay Capital, LLC
SBA 504 Non Bank Business Model Presented by Sok Cordell CH Capital Partners LLC (SBA Non Bank Lending Program) The information contained in this presentation has been obtained from sources believed to
Investing in mortgage schemes? Independent guide for investors about unlisted mortgage schemes This guide is for you, whether you re an experienced investor or just starting out. Key tips from ASIC about
Business Financing An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Even in these challenging economic times, businesses still have a need to grow and to obtain
Glossary Adjustable Rate Mortgage (ARM) a mortgage with a variable interest rate, which adjusts monthly, biannually or annually. Amortization the way a loan is paid off over time in installments, detailing
A Technical Overview for Clients and their Advisors MassMutual Whole Life Insurance The product design and pricing process Contents 1 Foreword 2 A Brief History of Whole Life Insurance 3 Whole Life Basics
SSBCI PROGRAM PROFILE: COLLATERAL SUPPORT PROGRAM May 17, 2011 (SSBCI) U.S. Department of the Treasury What is a Collateral Support Program? A Collateral Support Program is designed to enable financing
Your Real Estate & Mortgage Investment Specialists Private Lending FAQ s 1. Why Should I Invest In A Mortgage? A mortgage is a loan in which real estate or property is used as collateral. When an individual
GUIDE TO TRUST DEED INVESTMENTS all california funding Today s investment experts are enthusiastically adopting a simple but highly effective strategy: diversify, diversify, diversify. Prudent investors
PRIVATE MORTGAGE INVESTING ARIZONA PROPERTY ADVISORS LLC www.buyazcashflow.com 480-228-3336 Table of Contents The Basics of Private Mortgages 1 What is a Private Mortgage? 1 Why Would Someone Borrow From
Chapter 13 Outline / Page 1 Chapter 13: Residential and Commercial Property Financing Understanding the Mortgage Concept - secured vs. unsecured debt - mortgage pledge of property to secure a debt (See
Louisville Realty Associates Robert Kelly 815 Walnut Street A Louisville, CO 80027 720-284-9211 www.louisvillerealtyassociates.com Your Guide to Real Estate in an IRA Information is provided by New Direction
Opportunities In Mortgages How To Prosper When Banks Don t Investment Thesis Banks have dramatically reduced their mortgage appetites: 95% of all mortgages today go to a GSE (FNMA, FHLMC, GNMA) Jumbo mortgage
Wealth for Life Glossary Aggressive growth fund: A mutual fund that aims for the highest capital gains. They often invest in smaller emerging companies that offer maximum growth potential. Adjustable Rate
Aim Higher Investor Information 1 What We Do ASCEND MIC is a mortgage investment corporation (MIC) a unique Canadian financial entity that offers investors traditionally high rates of return with relatively
Investing in unlisted property schemes? Independent guide for investors about unlisted property schemes This guide is for you, whether you re an experienced investor or just starting out. Key tips from
NorthStar Asset Management Group Inc. New York Office Harness the Benefits of Real Estate Lending Forward Looking Statements This sales material includes forward-looking statements that can be identified
(A CALIFORNIA LIMITED LIABILITY COMPANY) FINANCIAL STATEMENTS DECEMBER 31, 2005 TABLE OF CONTENTS Page No. Independent Auditors' Report 1 Balance Sheet 2 Statement of Income and Changes in Members' Equity
ab Loan Disclosure Statement Risk Factors You Should Consider Before Using Margin or Other Loans Secured by Your Securities Accounts This brochure is only a summary of certain risk factors you should consider
GLOSSARY GLOSSARY Following are definitions for key words as they are used in the financial life skills resource. They may have different or additional meanings in other contexts. A account an arrangement
The Basics Self-Directed IRAs Understand the Simplicity of an Entrust Self-Directed IRA What is a self-directed IRA? A self-directed IRA has the same tax advantages as any other IRA, and is unique because
How to use Realty Mogul to generate cash-flow from loans secured by real estate How to use Realty Mogul to generate cash-flow from loans secured by real estate INTRODUCTION TO FIRST TRUST DEED INVESTING
INVESTING IN MORTGAGE FUNDS? Independent guide for investors about unlisted mortgage funds Mortgage funds can also be called mortgage trusts or mortgage schemes. About ASIC The Australian Securities and
578326 (Rev 14) Cash Sweep Program Disclosure Statement Cash Sweep Program Disclosure Statement Summary Please consult the full text of the disclosure statement below for further information at the pages
Financial Planning White Paper Trust Deed Investing An Alternative Approach for Today s Complex Investing Environment Table of Contents Introduction...... 3 The Time is Now for Alternative Investing......
Because money doesn t come with instructions.sm Robert C. Eddy, CFP Margaret F. Eddy, CFP Matthew B. Showley, CFP Basic Investment Terms ANNUITY A financial product sold by financial institutions pay out
Real Estate IRAs Made Easy About Advanta IRA As the nation s premier self-directed individual retirement arrangement (IRA) administrator, the regional offices of Advanta IRA have over 25 years of experience
ADVISORSHARES TRUST AdvisorShares Pacific Asset Enhanced Floating Rate ETF NYSE Arca Ticker: FLRT Supplement dated February 26, 2016 to the Summary Prospectus, Prospectus, and Statement of Additional Information
FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES INTRODUCTION This booklet will provide you with information on the importance of understanding ways in which Collective Investment Schemes ( CIS )
Understanding Fixed Income 2014 AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Understanding Fixed Income About fixed income at AMP Capital Our global presence helps us deliver outstanding
The relationship of accounting ratios in balance sheets Accounting Ratios are the ratios show the relationship between accounting data in a balance sheet, profit and loss account in a particular organization.
Priority Senior Secured Income Fund, Inc. This material is neither an offer to sell nor the solicitation of an offer to buy any security. Such an offer can be made only by prospectus, which has been filed
Creating Carryback Financing Carryback financing in lieu of cash Chapter 1 This chapter introduces the concept of carryback financing and presents the various forms of documentation and risks of loss involved.
INTRODUCTION Riverside County s Credit Union (RCCU) considers the making of loans to members to be the most important element of our operation. In order to protect the credit union s asset quality, emphasis
Mortgage Terms Glossary Adjustable-Rate Mortgage (ARM) A mortgage where the interest rate is not fixed, but changes during the life of the loan in line with movements in an index rate. You may also see
COMMON INVESTMENT TERMS EXPLAINED ALL ABOUT REAL ESTATE, MUTUAL FUNDS, RETIREMENT PLANNING, STOCKS, AND BONDS 1 TABLE OF CONTENTS Mutual Fund Terms... 3 Retirement and Education Terms... 7 Stock Market
BUYING REAL ESTATE WITH AN IRA AND A NON-RECOURSE LOAN BY: Mathew Sorensen, Partner KYLER KOHLER OSTERMILLER & SORENSEN, LLP 3033 N. Central Avenue, Suite 415 Phoenix, AZ 85012 Phone 602-761-9798 www.sdirahandbook.com
... Understanding Managed Funds Contact us If you would like to know more about how AMP Capital can help you, please visit ampcapital.com.au, or contact one of the following: Financial Planners Personal
A Account A record of a business transaction. A contract arrangement, written or unwritten, to purchase and take delivery with payment to be made later as arranged. Accounts payable Money which you owe
Arkansas Development Finance Authority, a Component Unit of the State of Arkansas Combined Financial Statements and Additional Information for the Year Ended June 30, 2000, and Independent Auditors Report
The crowdfunding platform for professionals Mortgage Loans INDEX Executive Summary 3 The borrowing counter 4 How it works 5 Conditions and costs 6 Interest 7 Refinancing and redemption 8 Guarantees 9 Other
Questions and Answers on Risk Weighting 1-to-4 Family Residential Mortgage Loans 1. When do 1-to-4 family residential mortgages receive 100% risk weight? Any 1-to-4 family residential mortgage loan that
SafeGuard Capital partners Managed Real Estate Investment Program Managed Real Estate Investment Program Over the years, many of our clients (both experts and novices) asked us to assist in identifying
Arizona Agency Foreclosure Training January 28, 2007 Presented by: Andrew J. Loubert Community Reinvestment Solutions, Inc. Arizona Foreclosure Process: Notice of Default Notice must specify: 1. The default
Daily Income Fund Retail Class Shares ( Retail Shares ) Money Market Portfolio Ticker Symbol: DRTXX U.S. Treasury Portfolio No Ticker Symbol U.S. Government Portfolio Ticker Symbol: DREXX Municipal Portfolio
MORTGAGE TERMS Acceleration Clause This is a clause used in a mortgage that can be enforced to make the entire amount of the loan and any interest due immediately. This is usually stipulated if you default
USING YOUR IRA TO BUY REAL ESTATE (a.k.a. Self Directed IRA) Frequently Ask Questions Page 1 Contents How do I use my IRA to buy Real Estate?... 3 What is a Self-Directed IRA?...3 Why haven t I heard of
Citi U.S. Mortgage Lending Data and Servicing Foreclosure Prevention Efforts Third Quarter 28 EXECUTIVE SUMMARY In February 28, we published our initial data report on Citi s U.S. mortgage lending businesses,
TRUST DEED INVESTMENTS WHAT YOU SHOULD KNOW!! By Speare Valasakos & Lance D. Churchill, J.D. Compliments of: F FRONTLINE Financing L 967 E. Parkcenter Blvd., #311 Boise, ID 83706 Phone: 208 846 9644 Fax:
MULTI FAMILY FUND Investing in US Real Estate in a Self-directed IRA Marc Mathys, Attorney-at Law An estimated 3 trillion dollars are investing in stocks, bonds, mutual funds and CD s with tax deferred
Structured Products Structured Financial Products Bond products created through the SECURITIZATION Referred to the collection of Mortgage Backed Securities Asset Backed Securities Characteristics Assets
Pt. 723 PART 723 MEMBER BUSINESS LOANS Sec. 723.1 What is a member business loan? 723.2 What are the prohibited activities? 723.3 What are the requirements for construction and development lending? 723.4
First Industries Fund First Industries is one of 19 programs in the June 2004 economic stimulus package. It provides $100 million for agriculture, and $50 million for tourism. Final guidelines were approved
Assist. Financial s Technology Solutions. About Our Financial s. Helping members with their financial planning should be a key function of every credit union s website. At Technology Solutions, we provide
Chapter 2 Practice Problems MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Assume that you borrow $2000 at 10% annual interest to finance a new
MLC MasterKey Unit Trust Product Disclosure Statement (PDS) Preparation date 1 July 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 This information is general and doesn t take
a guide to Bond Mutual Funds A bond mutual fund is an investment company that pools money from shareholders and invests primarily in a diversified portfolio of bonds. Table of Contents What Is a Bond?...
Product Brochure Investment Loan Program For advisor information only Page 1 of 16 Page 1 of 16 About B2B Bank A leading Canadian supplier of third-party investment and RRSP loans. Provides lending solutions
Homeownership Preservation Policy for Residential Mortgage Assets Section 110 of the Emergency Economic Stabilization Act (EESA) requires that each Federal property manager that holds, owns, or controls
Got questions? We have answers. FAQ's 1. Is it legal to purchase non-traditional assets using my self-directed IRA? The answer is yes! The Employee Retirement Income Security Act (ERISA) of 1974 passed
Can I purchase real estate in my IRA? Yes. Why does my current IRA brokerage firm say I can t buy real estate in my IRA? Custodians determine the type of assets they will hold and may not choose to hold
Product brochure For advisor information only Investment Loan Program BANKING THAT WORKS FOR ADVISORS About B2B Bank A leading Canadian supplier of third-party investment and RSP loans. Provides lending
Unsecured Business Lines of Credit Need quick and substantial cash flow to your company, no matter its size or needs. With our funding, you will be able to ensure continued sustainable operations or implement
NORTH ISLAND CREDIT UNION Policy Section: Business Services Policy Name: Member Business Lending Policy No: 500-05-01 Board Review & Approval: July 21, 2014 Effective Date: July 22, 2014 POLICY STATEMENT
An Introduction to the SBA 7(a) and 504 Loan Programs Edward W. Ahart, Esq. Thomas L. Hofstetter, Esq. 220 Park Avenue Florham Park, NJ 07932 (973) 539-1000 Partner at Schenck Price Smith & King, LLC in
Highlights: Less than 1% of the NY Capital Region vs. greater than 32% of NYC utilize CMBS. Why?...1 CMBS is at least 10% cheaper overall, despite initial higher closing costs...2 Interest rates and cap
586475 (Rev 03) Cash Sweep Program Disclosure Statement Cash Sweep Program Disclosure Statement Summary Please consult the full text of the disclosure statement below for further information at the pages
a guide to Unit Investment Trusts A unit investment trust (UIT) is a registered investment company that buys and holds a generally fixed portfolio of stocks, bonds, or other securities. Table of Contents
5 REASONS TO RECONSIDER YOUR SDIRA IN 2014 BY, CLINT COONS, ESQ Self Directed IRA Soo Easy Fund your account Find the investment Request funds to purchase We do the rest You manage the investment SDIRA
SELF-MANAGED SUPER FUND LOANS PART ONE: Purchasing an existing property or Off-The-Plan apartment using the banks money PART ONE: PURCHASING AN EXISTING PROPERTY OR OFF-THE-PLAN APARTMENT USING THE BANK
invest in you Enrollment Guide Brokerage Account (SDBA) Savings Plus offers a self-directed brokerage account option for investors who may want to direct investments to a wider variety of options other
Using Your Retirement Accounts for Private Lending American IRA, LLC Declare independence from Wall Street! Self-directed IRAs and other retirement accounts let you take personal control of your assets.
Program Description The Rehab loan program is an asset-based financing option designed for borrowers who wish to acquire, rehabilitate, and sell residential real estate. This program is well suited for