Advance fee loan scams and fraudulent loan sites.
#419699 by AlanJones Tue Nov 10, 2020 12:26 am
From: Atsumasa Tochisako - [email protected]
Subject: We are currently funding businesses
Other Email: [email protected]
Tel. Nos.: +12402039444 & +19177226144

Dear Sir/Madam,‬

‪I would like to share with you what we do here at Sproutfinder LLC and also who we are.‬

‪Our primary focus is to provide private hard money loans and/or short-term funding to Real Estate Investors 65% ARV rehab loans in 28 states and Nationwide and lastly International (1-4 unit properties). - Purchase money to 65% of purchase price (1-4 unit properties) - Commercial properties nationwide - Ground up construction loans in 28 states and Nationwide- Cash out to complete construction and on completed projects.

‪Please see below terms and conditions for a Multifamily Bridge Loans: ‬

‪1. Multifamily Bridge Loan Program Includes: ‬

‪*Property Types*Apartment buildings*Student housing*Affordable housing*Seniors housing*Multifamily mixed-use Eligibility- Single or multi-asset portfolios. Purposes- Available for the acquisition or refinance of multifamily properties that do not meet the minimum requirements for permanent financing. Properties that are in lease-up, being re positioned rehabilitation and value add opportunities. ‬

‪Bridge Loan Size-:‬

‪Multifamily bridge loans from $5 million with no maximum - smaller loans considered on an exception basis. Economic Occupancy: No minimum economic occupancy required Stabilized forecasted DSCR of 1.25 - interest rate used to determine DSCR is based on current permanent rate financing plus an additional spread of 100-150 bps.No in-place DSCR requirements for most properties and sponsors. A minimum in-place DSCR may be required for markets, properties or sponsors that exhibit higher risk.In place DSCR less than 1.05 requires an interest reserve. ‬

‪Maximum LTV : Up to 80% LTV based on stabilized value. Leverage intended to be consistent with permanent financing levels at acquisition. ‬
‪Amortization- Interest only. ‬
‪Interest Rate: 8-12% ‬
‪Terms- Negotiable with 6 Months grace period before the first payment begins. ‬
‪Prepayment Penalty- Open to prepayment after six months. ‬
‪Guarantee- Non-recourse for most loans subject to standard carve-outs. ‬
‪Assumable- Yes, subject to lender approval. ‬
‪Supplemental Loan: ‬
‪Available 12 months from date of closing of first loan. Reserves Taxes and insurance. Deferred maintenance, repairs, major rehab costs.Interest reserve for may be required for properties with in-place DSCRbelow 1.05.Fees. ‬
‪Fees Involved: ‬
‪*1%-3% commitment fee‬
‪*1% exit fee (waived if refinanced through Platinum Escrows LTD). ‬
‪*1% extension fee.‬
‪*Third party reports (TBD).‬
‪*Legal (TBD).‬
‪*Underwriting (TBD). ‬

‪2. Loans for small and medium businesses/Student Loans:‬

‪99 % Approval Rate‬
‪ • Unsecured loans‬
‪ • Real Estate Loan‬
‪ • Business Loan‬
‪ • 2 hours processing‬
‪ • 12 hours Approval Process‬
‪ • Get Funded Within 48 hours ‬
‪There is 8 months grace period. I lend at the rate of 6% with no prepayment penalty. ‬
‪Loan duration 1-10 years. ‬
‪Loan Options from $20,000 to $500 Thousand dollars in just 12 days. ‬
‪Good & Bad Credit Personal Loans, Most Credit Types/SituationsConsidered, Reasonable Rates With Years To Pay Off, One Form, Multiple Reliable Offers.‬


‪I will be more than Glad to help. I look forward in closing deals with you. ‬

‪Thank You ‬

Atsumasa Tochisako
SproutFinder LLC
Office: 2035 Sunset Lake Rd, Suite B-2, Newark, DE 19702.
Email: [email protected]
Contact Email: [email protected]
Phone: +1 (240) 203- 9444
Whatsapp Business: +1 (917) 722-6144
LinkedIn ... -0443061a2

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