Obtaining Funding for Real Estate Investing

Unsecured Capital

Finding the funds you need to take advantage of the real estate market can be difficult, if not impossible for most people. If you are successful with finding an investor who is willing to fund you with hard or private money, a significant amount of collateral will be required before you can even get started.

Aurelian Commercial Lending has developed a unique funding program to help fund your real estate investment projects. Mr. John Syron has designed this program to provide working capital for both start up companies and seasoned businesses.

Aurelian Grand Blanc Office

Aurelian is well aware of the challenges small businesses face with both starting the business and maintaining profitability. Aurelian Commercial Lending's founder and CEO, Mr. Syron has ensured that Aurelian has the resources to fund and have access to over $500 million in capital and capital commitments specifically for small businesses.

Aurelian Capital Management

In addition to his desire to help small businesses, Mr. Syron founded Aurelian with the purpose of funding his charity for autistic children. Everyone associated with Aurelian shares this commitment and donates their time and effort to support the foundation.

Since 1980, Mr. Syron has been building bridges that connect the often-disparate worlds of engineering and manufacturing to commercial financing. Mr. Syron is a graduate Chemical Engineer from Michigan State University. After serving as Vice President of a well-known engineering company for ten years, he founded his own company in 1990, Vector Environmental Group Inc. Vector was a large-scale engineering and manufacturing company with a focus on the environment. The aim was to develop new products and processes that could reduce energy consumption and minimize waste in automobile and steel production.

In addition to running his own business, Mr. Syron contributed significantly in the product development, international and domestic market expansion, capital acquisition and commercial financing of numerous Fortune 500 companies.

Our program allows clients the ability to:

• Purchase real estate.
• Pay any sort of fees related to starting a business, there are no restrictions on the money.
• Have working capital to start or expand the business (purchase property, equipment, supplies, marketing and other essentials).
• Pay employees.
• Have a line of credit that can be used to help handle cash flow.

Our programs can typically provide start up businesses and small business with $50,000 - $150,000 in unsecured capital (up to $200,000 is possible -potentially more) and/or lines of credit, which can be used as the client determines. This is per person, so multiple people can apply to obtain larger levels of funding for your company.

For Start up businesses our only requirement is a strong personal credit profile:

• FICO score of 720 or above.
• No bankruptcies.
• No foreclosures or charge-offs.
• No late payments for the past 2 years.
• Not over utilized on credit card debt (must be paid down to 20 - 30%).
• 8 - 10 year history.

We don't require collateral, a detailed business plan, strong business experience, asset strength, tax returns, profit and loss statements etc. to obtain capital. Our only requirement is a strong credit profile or a co-signer who meets the criteria. To determine whether you or your company can qualify for one of our funding programs please complete the brief pre-qualification questionnaire on our website. You will receive a call from a Business Development Officer with your no obligation funding estimate in 24-48. If you have questions that are not answered in the FAQ section or would like to speak to a Business Development Officer, feel free to call us at 800.598.1140, email us at info@aurelianlending.com.

Additional Information:

• FAQ about Aurelian Commercial Lending

Written By:

John Syron
CEO
Aurelian Capital Management
www.aurelianlending.com
8275 Holly Road Suite 2
Grand Blanc, Michigan 48439
800.598.1140

Posted by +Bob Burns

Related Links, Blog Postings, Presentations or Articles:

• Funding Companies
• Acquire Real Estate Funding
• Hash Tags: #funding
• Hash Tags: #hardmoney
• Real Estate Investing Tip: Make sure when a potential client places a deposit for a rental property, you make them sign a document that explains the rules of the deposit, refund or non-refund terms, what it represents, disclosures, etc. Several times I received calls from potential clients wanting their deposits back after you, the landlord, already took your property off the market. Protect Yourself.

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Insurance for Real Estate Investors

Distressed Property Insurance

As our group started out as specialists in distressed properties, one of the problems we came across was insurance coverage for asset and worker protection. We thought if the Bank won't insure it, no one else will. But let’s look at it from the Lenders point of view.

Why would you Insure this Property?

Investors always preach, leverage someone else's money not yours. That's true but Lenders are taking a risk. What happens if an injury occurred on the property or the asset burns down? The Lender is either stuck with court costs, fines, hospital bills or his money is gone due to the lack of insurance. So FYI...Lenders are going to make you insure the property. We rather get our own policy than make forced payments to the Lender's insurance policy.

Depending on your exit strategy, you will eventually need some type of insurance.

Would You Insure This Property?

Below is an outline of some of the coverage’s we implemented while bringing properties back online:

Types of Insurance Coverage or Services

• Builders Risk Renovation Policy - Provides coverage that protects a person's or company's interest in materials, supplies and equipment used in the rehab or construction of an asset should these items become lost or damaged.
• Liability Insurance - It protects the property owner in the event he or she is sued for claims that come within property boundaries. The policy is designed to offer protection against third-party insurance claims, like contracted workers or tenants.
• Windstorm - Most policies issued today DO NOT cover damage from high winds. It is very difficult to get a windstorm rider due to the size of the deducible, ranges from 10K to 15K.
• Flood - Damaged caused by rising water. Broken pipe or hoses causes damage to interior of unit or building. Flooding caused by storm surge.
• Fire, Theft and Vandalism - During rehab you can expect one of these three items to occur. Are you protected from these likely events?
• Insurance Loss Consultants - Provides Claims Representation to Policyholders. If you experience an event that financial hardship will occur, the insurance company is going to use every resource available to limit the payout amount and the policyholder is expecting the repairs to be done with no out-of-pocket expense, including the deductible. Insurance Loss Consultants make sure that the investor receives the largest benefit to which they are entitled under the insurance policy.
• 4 Point Inspection is required if an investment property that your company or contractor is restoring is older than 30 years or being refinanced. Insurance companies will want to check the following four systems before issuing a Homeowners policy:
  • Roof
  • HVAC - Heat, Ventilation and Air Conditioning
  • Electrical
  • Plumbing
• Our Contacts - These are companies that specialize in issuing policies that are going to protect you against the hazards of being a real estate investor.
  • NCF Insurance Associates
    Contact: Fernanda Jorquera
    Telephone #: (305) 446-5474 x 108
  • Miaminspect Inc. Four Point Inspection Approximate Cost: $75.00
    Contact Lazaro at (305) 842-1080.
  • John Galt Insurance
    Telephone 888-686-GALT(4258)
    Ask for Investors Sales Dept.
    E-mail us at: Investors@john-galt.com
  • Strategic Adjustment Services, Inc.
    Bill Coffman
    Telephone (786) 999-6565
    E-mail us at: bill@sasclaim.com

In the beginning of the rehab depending on your exit strategy, insurance might not be needed but you will eventually. Remember, any property has value even if you can't see it. Are you prepared to lose that value if you don't insure it?

Related Links, Blog Postings, Presentations or Articles:

• Acciones de Valores America Latina
• Hash Tags: #insurance #LAFM
• Real Estate Investing Tip: Make sure during a title search that your title company checks for Open Permits. More than once this has hampered a pending sale.

Written by Bob Burns.

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