United States, NC... Finance Gateway Fu... Mortgage Broker About Us Gateway Funding, Inc. is a NC based commercial mortgage brokering company that was established in 2002. Since then, we have worked tirelessly with our clients to find the best financial solution for them. With decades of experience in the industry, our contacts and expertise have proven invaluable to our clients. What We Do Currently we have expanded our operations and are looking to market a wide range of products in 45 states (Not Hawaii, Alaska, Michigan, North Dakota, or South Dakota). We are more than happy to discuss any loan scenario with any partner or client. We pride ourselves on our ability to find solutions for investors. Our process is simple. Once we have identified or been introduced to a borrower, we go through an interview to determine their goals and assess their financial situation. Next, we gather some preliminary supporting documents such as tax returns, personal financial statements, and other background info on their projects. Once we have these in hand, we reach out to our lenders until we have found the lender that is the most likely to fund their deal. Once we’ve found an interested lender, we make a proposal to the client. Once we’ve agreed and been engaged by the client, we underwrite the file in house to ensure its success before submitting a complete package to the lender. We then follow up and work with the lender to process the file until it is closed. Once the loan is funded, we collect our fee and the borrower is on their way to financial success! Currently we are marketing NOTE THAT ALL TERMS MAY VARY ON A CASE BY CASE BASIS. THESE ARE GENERAL GUIDELINES THAT WE HAVE BEEN PROVIDED WITH BY OUR LENDERS. Rehab and Flip Loans LTV: 80% of Cost or 65% ACV whichever is lower RATE: 10-16% TERM: 6-18 Months These are the types of deals we are most interested in. These loans are for experienced real estate investors that have found properties that are selling for significantly less than their market value. These properties can be rehabbed and the resold with significant potential for profits. In MD, VA, NC, SC, FL, and GA we are able to offer 100% financing for these deals. The most important aspect of these deals is the borrower’s experience, plan, and ability to get things done. We are very interested in these types of deals. Construction Ground Up LTV: 80% of Cost or 65% ACV whichever is lower RATE: 10-16% TERM: 6-18 Months We are able to get construction loans funded for contractors, developers, etc. The most important part of this type of loan is the borrower’s strength, experience, and business plan. Lenders are cautious about lending money on construction projects as they are really investing in the borrower and not in collateral. With a strong borrower and strong plan, we can get these deals closed. Purchases LTV: 70-90% Purchase Price: RATE: 5-8% Terms: Can Vary Greatly We are able to do loans on commercial property purchases. These loans require cash being put up by the borrower. These types of deals require a strong borrower with liquidity. Refinance/Refinance with Cash Out LTV: Can be as low as 65% and as high as 90% Rate: 4-8% Terms: Can Vary Greatly We can do refinance loans for clients that have balloons coming up, hard money loans they need to refinance, etc. We are also able to get cash out refinance funded for clients that are interested in leveraging their portfolios. Business Loans We are able to get loans funded without real estate as collateral. As long as the borrower has a history of cash flow and strong credit, we can get loans for equipment, working capital and business expansion. General Summary We’re looking for loans that are more than $50,000 and less than $50,000,000. We appreciate the opportunity to earn our client’s business. We pride ourselves on our open-mindedness and our ability to creatively get projects funded. No deal is too outside of the box for us. W...
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