1st Metropolitan Mortgage is a National Mortgage Broker. 1st Metropolitan Mortgage can originate Conventional , FHA, VA and USDA Mortgage Loans.
We strive for the best customer service that can be given. Our process is automated and secure.
If you are looking to refinance your current mortgage or purchase a new one please do not hesitate to call us, we offer a free consultation to all of our clients to show you what we can do for you.
Call our corporate office today to check the current rates that we can offer you.
John Popp
1st Metropolitan Mortgage
Phone/Fax: 980-233-4904
"Registered Mortgage Broker - NYS Banking Department. All Loans Arranged With Third-Party Lenders. 4720 Piedmont Row Drive, Suite 200, Charlotte, NC 28210."
Rates are very low right know - see date of post.
Call Today or visit my website and apply online.
John Popp
Sr Loan Officer
1st Metrolopitan Mortgage
Office: 980-233-4904
Cell: 704-796-5440
NMLS: 68320
Free Prequalification/Consultation
Call Today or visit my website and apply online.
John Popp
Sr Loan Officer
1st Metrolopitan Mortgage
Office: 980-233-4904
Cell: 704-796-5440
NMLS: 68320
Distressed Hospitality
Joint Venture Development to 100% LTV
We have investor capital avaiable for Retail, Office and all other property types in major metro areas with a minimum transaction size of $5 million at 100% LTV structured as follows:
Hard Money Bridge Loans
Flagged Hotel Loans
Energy, Oil & Gas, Biofuel and Mining Loans
Feel free to call me or email me for information
John Popp
704-490-4733
5MM to 100MM Partnerships
We have an appetite for income producing properties.
100% Funding for the project.
All projects considered over 4.5 MM and quoted within 48 hours.
How It Works?
Sample: You have a contract on a 50MM dollar income producing property, developed, or needs to be developed. You have a resume and a successful track record in this field, and you can prove that you have 10% liquid, we want to be your partner!
With our JV program, you pay no interest payments, ever! You waive these payments by taking on one partner at 40% giving you the majority share at 60%.
You pay nothing until the project starts making money.
Step 1:
Submit your project with proof of 10% funds, we will review and get back to you 24-48 hours.
Step 2:
We arrange a conference call between the JV facilitator and principals.
Step 3:
An agreement outlining the terms discussed on conference call are sent to you, if all clear, you sign and send back to us. In this agreement, we guarantee funds (commitment)
Step 4:
You set up a blocked account with either BOFA or CITI for 10% of the requested amount to be funded, funds get verified. Full commitment is issued, Partnership contract needs to be done by legal. This is all done within the first 10 days.
Step 5:
Facilitator collects $7500.00 fee, and JV attorneys a $13,000.00 for all legal work. Fees depend on type of project
Important:
No fee's are collected until a firm commitment is in place.
References will be provided, references include, project, state, loan amount, contact information, etc..... NO BULL HERE! As you can see, everything is disclosed, no hidden surprises.
Partnership:
In most cases, you will find that when a hotel is being developed, there are several partner/investors in place, all taking a piece of the pie, the principal who put everything together is only getting a small piece. Using our scenario, the principal gets 60%, we get 40%, we put up 100% of the money, they make no monthly payments, and do not start paying 40% until the project starts profiting.
Benefits:
Principals make more money, making no interest payments.
Projects close in less than 30 days.
Remember, there is no loan, this is your partner, you are closing on the partnership agreement with a group that has all the capital you need, is this starting to make sense?
Contact:
John Popp
john.popp@yahoo.com
704-490-4733
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