As I have stated before, there is more money than deals. Thus COGO CAPITAL and SECURED INVESTMENT CORPORATION have taken a new strategy:
IF THE DEAL MAKES SENSE WE WILL FIND A WAY TO FUND IT.
Instead of quoting points and percentages on loans, the new questions are:
WHAT WILL IT TAKE TO WIN YOUR BUSINESS?
Can you make the monthly payments?
What do you bring to the table to make this a “good deal”?
Do you have a solid exit strategy?
How will you pay off the loan?
COGO and SEC are so wired in with the private money lenders now that there is money for any investment borrower with non-owner occupied deals including commercial projects, new construction, land purchases, fix and flip, fix and hold, wholesaling, auction purchases, loan based on after-repair value, as well as refinance. Even bad credit and self-employed can find loans if the deal makes sense.
Now there really is no excuse if you have any idea of what you are doing.
This is what I have been hoping for, a real competitive edge. With the hot and heavy flow of money in the private money sector, Cogo Capital and Secured Investment Corporation were being priced out. There was simply too much money chasing too few deals and their prices simply were not competitive enough. This has motivated them to change their strategy.
We are looking for repeat borrowers who are looking to grow their real estate portfolio, but if you are first time, we want you too. As in any business, loans are based on risk. The more loans that you take out and pay off successfully the better the rates and terms will be. But if you have a great deal this could improve the terms as well.
We have to get the money deployed. Money that is sitting ideal in a bank account is not making money. So COGO and SEC have loosened the purse strings. This is a recent change in philosophy with the New Year so some of the information on COGO’s website is outdated and will be updated to reflect the new philosophy within the next few weeks. So if you have a smoking deal, ask. You can’t get what you don’t ask for. Tell us what you need and what you bring to the table in projects and let’s make a deal.
Minimum loan $15,000, maximum practically unlimited. Terms 3 to 24 months.
Note: I am a Certified Independent Private Money Broker with Cogo Capital. If you have a real deal, bring it on.