Copy

Essential Funding Solutions

for

Real Estate Investor and Small Business
Check out our new website
July Successful Funding
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 . 

Erie is a city in Pennsylvania, on Lake Erie. Presque Isle State Park, a peninsula with beaches and trails, curves around Presque Isle Bay. Nearby, Waldameer Park & Water World has roller coasters and waterslides. The Erie Maritime Museum traces the history of Lake Erie and is the home port of the US Brig Niagara, an updated 19th-century ship. The Erie Art Museum's art collection features 20th-century works.

Erie is halfway between the cities of Buffalo, New York, and Cleveland, Ohio, and due north of Pittsburgh, Pennsylvania. Erie's manufacturing sector remains prominent in the local economy, though healthcare, higher education, technology, service industries, and tourism are emerging as significant economic drivers. Over four million people visit Erie during summer months for recreation at Presque Isle State Park, as well as attractions such as Waldameer Park.

 
Read More

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.

Construction type 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 
Facebook
Website
LinkedIn
Twitter
Copyright © 2018 Essencap Funding LLC, All rights reserved.

Our mailing address is:
wecare@essencap.com

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

 






This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
Essencap Funding LLC · 45 Middle Neck Rd Ste 220 · Great Neck, NY 11023-2124 · USA

Email Marketing Powered by Mailchimp