John Popp Charlotte Home Loan and FHA Source

Our Source is funded by a combined International pool of nearly

Half a Trillion in available Liquidity

Private Lending up to 100% of the "As-Is" Value and then up to 80% of the Future Value in scheduled draws. Terms, Conditions and Rates vary by Funding Source.

• Office, Retail, Industrial & Mixed-Use
• Hotels, Motels, Casinos & Golf Courses
• Medical Buildings, Marinas & Restaurants
• Gas Stations & Auto Mechanic Shops
• Master Developments & Raw Land
• Assisted Living, Storage Facilities & Student Housing
• In-Ground Assets & Commodities
• Movie Production Financing
• Single Family Residential & Condominiums
• REO Portfolios & Note Portfolios (PNs & NPNs)
• Multifamily (1 - 4 Units) & Apartment Complexes
• Fine Art Work/Collections
• Business Loans, Credit Lines & Working Capital
• Factoring & Purchase Order Financing
• Debt & JV/Equity Financing
• Monetization of Hard Assets & Financial Instruments
• Hard Money Commerical click for more information

FLEXIBLE LOAN TERMS | COMPREHENSIVE PROGRAMS | COMPETITIVE RATES | CLIENT ATTENTION

FUNDING PROGRAM I - INTERNATIONAL HEDGE FUND $50,000 TO $5 BILLION+

Residential, Commercial and Business Funding. Hard Money Loans. 80% LTV debt financing based on the as-is value and up to 80% LTV based on the Future Value to be released in scheduled draws. Equity financing and joint venture financing options. Interest Rates range from 11.49% to 15.99%. Standard Loan Program is a 30 year Amortization, Fixed interest rate for 5 years, Interest Only Payments. Standard Pre-payment penalty can be eliminated by adding 1.5% to the interest rate. Loan Decisions in 15 Business Days (Expedited Processing).

FUNDING PROGRAM II - TRUST - $50 MILLION MINIMUM

100% Debt or Equity funding through the Business Trust. Requires up to a 10% cash position to initiate the relationship. For each portion of 10% Liquidity (this can be Cash, Municipal Bonds, or Cash Backed Instruments) that the Principal provides, the Trust will Lend 90% - i.e., $10,000,000.00 USD POF - Trust will lend $90,000,000.00 USD through a corporate bond program. The Funds will only be screen blocked and pinged and will not be moved from the Principals Bank(s)/Account(s). This is a non-depletion, blocked account for 90 days+. There is no risk to these funds as these funds are safe, the Trust will work through attorneys-council to council. Funds will be added to this account. If a smaller amount (less than 10%) of liquid capital is available, the Trust may consider an equity position in the equity/debt financing structure.

FUNDING PROGRAM III - PENSION FUND - $1 BILLION MINIMUM

100% Debt funding including acquisition and soft costs for projects of $1B or more. Utilizing Government Guarantees and Pension Funds. One of the strongest verifiable funding sources for super-jumbo commercial loans. Suitable for government and private projects. Includes the bond underwriting. A bridge loan for quicker acquisition funding may be available.

FUNDING PROGRAM IV - INTERNATIONAL CONGLOMERATE - $100 MILLION MINIMUM

Developer Bailout Program. International Conglomerate offering comprehensive financing and buy-out programs for Developers and Principals. Program will Fund the completion of the project or purchase the asset from the Principal. Principal must provide collateral enhancement in the form of a Standby Letter of Credit (SBLC) equal to 40% of the value of the Project.

FUNDING PROGRAM V - PRIVATE PLACEMENT PROGRAMS - $10 MILLION MINIMUM

100% Financing through Private Placement Programs (PPP). Minimum collateral is $10MM. Full compliance package must be completed - acceptable collateral includes cash, financial instruments (leased or owned), commodities and/or hard assets (hard assets must be free and clear). Completely risk free and there is no liens or loans involved. SEC Compliance: GI Lending Group is not a U.S. Licensed Securities Dealer and/or U.S. Investment Adviser. This is for Informational Purposes Only.

FUNDING PROGRAM VI - $40 MILLION MINIMUM

65% or Higher LTV depending upon project strength and government support. Conventional International DEBT funding utilizing Pension Funds for domestic or international projects of many types including municipal, infrastructure, and private projects.

FUNDING PROGRAM VII - $2 MILLION MINIMUM

100% Debt funding that requires a refundable 10% cash deposit which they insure to the client. Utilizing their own collateral at rates beginning at LIBOR plus 2%. Funding of the full loan amount within 90 days and deferred payment options for construction.

FUNDING PROGRAM VIII - $10 MILLION MINIMUM

100% Equity funding for developments, acquisitions, construction, oil, and mines. This program has a 10% cash deposit and requires an equity stake in the project.

FUNDING PROGRAM IX - CONSTRUCTION LOANS - EQUITY FINANCING - $10 MILLION MINIMUM

100% Equity funding for construction if the land is owned free and clear. Requires 25 - 35% typical equity stake in the project.

FUNDING PROGRAM X - TRANSACTIONAL FUNDING - $50,000 UP TO $100 MILLION

Transactional Funding - Double Escrow. Program requires a signed contract to buy the property/project and a contract with no contingencies to sell the property/project to a qualified buyer. Need Executive Summary, name address and contact information of all parties involved, copy of executed purchase contract and sell contract with proof of funds from the end buyer.

FUNDING PROGRAM XI - $1 MILLION MINIMUM

100% pure Equity or Debt and Equity from International Investors and USA Pension Funds. Varying Conditions of 20 - 50% equity stake in the project.

FUNDING PROGRAM XII - CONVENTIONAL REFINANCING - $150,000 MINIMUM USA, $5 MILLION MINIMUM INTERNATIONAL

Conventional Refinancing at competitive rates for commercial income-producing properties and projects, both domestic and international.

FUNDING PROGRAM XIII - HARD MONEY OR BRIDGE LOAN PROGRAM - $1 MILLION MINIMUM

Private NYC Hedge Fund financing for international or domestic funding up to 75% Maximum LTV program based upon the collateral value and the ability to re-pay. Apartment Complexes, Office, Industrial, Flagged & Stabilized Hotel/Motel, Mixed Use, Shopping Centers, Warehouses, Owner-Occupied Facilities, Marinas, Auto Repair/Mechanic Shops, Gas Stations, Large Homes. Starting from $4M and Up.

FUNDING PROGRAM XIV - WORKING CAPITAL - $500K TO $25 MILLION

Up to 100% financing for $500K to $25 MM. Short term commercial financial option that provides capital to pay suppliers upfront. Funding based on Future profits and Purchase Orders from customers. Purchase Order will be verified, a Letter of Credit will be opened typically within 14 days. Programs for businesses such as producers, distributors, wholesalers and/or resellers of manufactured goods.

FUNDING PROGRAM XV - WORKING CAPITAL - $10,000 MINIMUM

Up to 90% Invoice Advance. Clients sell their Account receivables for a cash payment. Applicable Industries include service, staffing, manufacturing, distribution, tech, energy, and transportation.

FUNDING PROGRAM XVI - CUSTOM LOAN PROGRAM

Designed for High LTVs or higher risk plans. Site visit required to meet the borrowers in person, and devise a custom plan if the project proves to have strength and potential.

FUNDING PROGRAM XVII - RESIDENTIAL EQUITY GROUP - HARD MONEY LOAN PROGRAM & REFINANCE STRATEGY - $65,000 ARV MINIMUM

LTVs up to 75% of the After Repair Value, non-owner occupied only. Project After Repair Value must be $65k and more. Residential (1 to 4 Units Only). The Funding Source will order a (1) Credit Report (660+ requirement), (2) Request 2 months previous Bank statements, (3) previous year's tax return (they can pull directly from the IRS, if necessary), (4) Purchase Contract, (5) Contractor's Estimate, (6) Builder's Risk & General Liability Insurance (identified for you), (7) Property Inspection (identified for you), and (8) Appraisal (identified for you) - in this order. Limited Service Areas.

Call John Popp

704-490-4733

Hard Money Commercial Loans

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Commercial financing with no credit check/no income verification. Lets us help you get creative in the development of your next contract using the power of value verses purchase price.

Banks are not lending on these projects during these economic times. This is a perfect time to buy Real Estate for future riches using our private funding. We guaranty quick approvals, and quick closings.

Some of the other things we can do just so you have an idea:

HARD MONEY LOANS UP TO 80% LTV We will lend up to 80% of the “As-Is” Value and then up to 80% of the After Completed/Future Value in draws as scheduled. Only Two Conditions: That you have “Equity” in your Property/Project and a viable “Exit Strategy”

• REOs & Notes (PNs &NPNs)
• Multifamily (1 – 4 Units) & Apartment Complexes
• Hotels, Offices, Industrial & Mixed-Use
• Developments and Raw Land
• In-Ground Assets & Commodities
• Movie Production Financing
• Business Loams, Credit Lines & Working Capital
• Debt & JV/Equity Financing
• No Credit Checks – A TRUE SISA = Stated Income Stated Assets = Dead Man’s Loan
• 5 Year Fixed Rate – Interest Only – 30+ Year Mortgage Terms
• HARD MONEY Interest Rates range from 11.49% - 15.99%
• Loan Amounts up to $5 Billion

Due Diligence & Underwriting:

As little as 5 – 15+ Business Days to FUND (Expedited Processing Available) Our Hedge Funds’ due diligence divisions, underwriters, managers/directors and investors will determine current and future value and marketability of the property/loan and will perform an independent due diligence, so it may receive an unbiased reasoning with the file. Our Funding Sources have funded over $10 Billion since 200 1st Metropolitan Mortgage

John Popp

704-490-4733

or visit our website: 1st Metropolitan Mortgage

USDA Mortgage Loan Summary: The USDA Mortgage Loan permits 100% financing when purchasing a home. A 620 Minimum Credit Score is needed for this program. Since the USDA Mortgage uses appraised value, you can even finance closing costs if the home appraises higher. You may not own any other property when closing on a USDA Mortgage Loan. Below are some highlights to this program...visit our website for complete details.

USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING MORTGAGE

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PROGRAM BENEFITS

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• 100% financing based on appraised value (loan amount may exceed appraised value by 2% Guarantee fee, divide appraised value by .98)
• 30-year fixed
• Ability to Refinance - Rate reduction only - no cash back - Reduced Guarantee Fee of .5% Only existing GRH and Section 502 Direct loans are eligible for refinance -Streamline Process
• No monthly mortgage insurance. One-time guarantee fee of 2.00%
• No payment reserve requirements
• No downpayment
• No First-time homebuyer requirement
• No maximum. If greater than 6%, comment from the appraiser required
• 100% gifting permitted. Donor must be disinterested third party

INCOME AND RATIOS

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• 29/41 – exceptions encouraged with compensating factors and RD concurrence
• Include all installment debt greater than 6 months
• Primary Income must have Two-year history
• Self Employed - Two-years 1040s and P&L
• Alimony/child support - 12-month history, with proof of 3 years continuance
• Part-time, Over-time & Bonus - 12-month history
• Disability benefits - Benefits letter , 3 years continuance and gross up 125%
• SSI benefits - Awards letter or 2 months bank stmts, 3 years continuance and gross up 125%
• Salary increases with 60 days of the first payment due date are acceptable
• Use RD Moderate Income Limits http://eligibility.sc.egov.usda.gov/

CREDIT

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• No minimum credit scores
• 1 X 30 permitted in last 12 months with explanations – Exceptions may be granted if your borrowers have 620 or greater middle credit scores
• Chapter 7 and 13 must be discharged for 3 years – Foreclosures must be completed 3 years ago – Exceptions may be granted if your borrowers have 620 or greater middle credit scores
• Collections - Accounts cannot have been placed in collection status within the last 12-months – Exceptions may be granted if your borrowers have 620 or greater middle credit scores
• Judgements - Must be paid off for at least 12 months – Exceptions may be granted if your borrowers have 620 or greater middle credit scores
• If the applicant’s middle credit score is under 620 a VOR is required for the most recent 12 months.
• Previous Housing History is Not required
• Non-Traditional Credit is Acceptable if no credit is available
• RMCR or Tri-Bureau merged
• Case by case basis or when required by RD

FUNDS FOR CLOSING

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• All closing costs may be financed, except discount points unless borrower is below the RD low income limit, then discount points may be financed
• All closing costs and prepaids may be paid by seller concessions
• 100% gifting acceptable from disinterested third party
• No minimum cash contribution from borrowers
• Borrowing of unsecured funds allowed with 660 credit score

PROPERTY REQUIREMENTS

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• Property must be located in a RD eligible area http://eligibility.sc.egov.usda.gov
• Borrowers must not own adequate housing.
• Primary residence only
• Single family or RD eligible condo/PUD
• Manufactured homes must be new and RD approved
• No in-ground swimming pools (above ground permitted)
• Thermal insulation certifications required
• State specific adequacy certification or HUD-VC sheet required on all existing dwellings
• Termite Inspection - all areas as required by RD
• Well/Septic Inspections - 100% required
• Repairs - 100% of repairs may be financed based on as-improved value. If work is not complete prior to closing an escrow hold back may be established at 150% of repair cost. (more rules apply, please contact your AE for more details)

APPLY ON LINE TODAY

Customers first

If you are looking for a mortgage loan in the Charlotte area of North Carolina call us Now or Apply On Line. As a Local Charlotte, NC broker we treat all of our borrowers with the utmost respect. Our Local Charlotte Mortgage Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Whether you are Purchasing and need a 100% First Time Home Buyer Mortgage or Refinancing for Debt Consolidation, Home Improvement or just to lower your payment our goal is to make the loan process as simple and worry-free as possible. We even offer the USDA Rural Housing Mortgage Program. We pride ourselves in offering the Residents of Charlotte, North Carolina the highest level of customer service, and appreciate the opportunity to earn your mortgage business. Whether you want to refinance for a lower mortgage rate, get a new home mortgage, home equity loan or second mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction.

At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice. Whether you are located in Charlotte, Concord, Cary, Harrisburg, Mooresville, Wake Forest, Huntersville or any other city in North Carolina we are here to help you obtain your conforming mortgage, FHA mortgage, VA mortgage, USDA Mortgage or Subprime mortgage loan purchase or refinance at the best rate possible. Do not forget to check out our many First Time Home Buyer Programs if you are a First Time Home Buyer. Home loans is what we do best at low competitive rates. Call now and speak to a North Cartolina Mortgage Company Representative today!

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1st Metropolitan Mortgage Charlotte, NC 28210 704-490-4733

When will the mortgage industry come back? When will home sales start to come back?

Forget about what Obama says, forget about listening to anyone connected to wall street.

You can not build new homes or or sell new homes when:

The credit Crisis keeps getting stricter?

• Last year we lost all subprime and Alt A products
• Then we lost all stated income loans
• We lost Home Equity Loans
• We even lost construction loan lending
• Downpayment Assistant programs went away for FHA Loans
• Recently a 620 Credit score minimum has been established on FHA Loans when FHA states they have no minimum score

What is the reason why the above programs have gone away or have been temporarily been modified?

Given the recession, which we have been in for some time now, and the millions of people out of work, the banks needed time to settle their own problems before they sought to help other new potential borrowers. Why should the banks offer construction loans for new homes when they have thousands of homes that they are trying to sell themselves. Why should banks offer low rates to new or existing borrowers when they can use the excessively large margins they have been getting to help them manage the losses they have? Who can blame the banks? Why are the best qualified borrowers taking 2 months to close, at some major banks? Why should they rush, the government is giving them thousands of dollars to modify the mortgages that they currently hold. I am sure that much of their resources are being used to get the modifications done. Modifications are making their books look better and they are getting a cash infusion to boot.

What about the $8,000.00 tax credit - 1st we could use the credit for down payment, then we couldn't know we can.....BUT....since the taxpayer can not get the tax credit until after a home is purchasd they must FIND someone, not related to the R/E transaction to give them a bridgeloan and take out second mortgage on the home to be purchase in order for the tax credit to be used for the downpayment. I seriously do not think that this is going to help anyone buy a new home this year.

Has anyone felt any positive affect from any stimulus package that Obama has passed? Does it seem like most of the monies are going to State and Local governments to help them stay afloat? Yeah I read the articles about how some state and local governments are actually slashing jobs. But isn't the real problem that they are paying full pensions after just 20 short years of service? ...I wish I could have retired when I am 40 years old. Why don't government employees work until they are at retirement age like the rest of America? I recently spoke to a person who lives in the NJ/NY area..I was told that it almost seems that the state governments are trying to bring as many people to work for the goverment so that nobody will be left to question them....

Years ago our politions lied to us because we were stupid, now they lie to us because nothing can be done to stop them from doing whatever they want. When was the last time you went to your local government meeting...how often does the entire town show up to oppose some rediculous ammendment or spending bill only to be ignored. Have you noticed how Obama takes criticism....he makes a funny face at the individual and makes like the person is a 2 year old and should not be alloud to speak - I have seen this political tactic many times over the years.

It sure looks like or government is looking to make an agressive change in the near future....who knows...

sorry for the venting...

If you are a current customer with Flagstar Bank, FSB or Bank of America and have a mortgage which is secured by Fredie Mac or FHA we can refinance your current mortgage with no minimum credit score requirement. When refinancing an FHA Mortgage it is considered a Streamline Refinance and we can do this with no income check or credit check ( we normally pull a credit report to make sure you have no 30 day late payments in the last 12 momnths - a requirement). In most cases an appraisal is not going to be required. Call while rates are low to refinance your FHA Mortgage. Call Toll Free at 888-327-8657 or 704-490-4733

If your mortgage loan is secured by Freddie Mac (we can let you know) Please review the below special refinancing guidlines:

Freddie Mac Relief Refinance

• Maximum LTV of up to 105% with no maximum CLTV.

• No minimum credit score requirement if borrower’s principal and interest payment does not increase by more than 20%.

• Manual underwriting. • Mortgage insurance is not required if existing loan does not have mortgage insurance.

• Standard conforming and high balance loan limits are eligible.

• A Home Value Explorer (HVE) can be ordered in lieu of an appraisal.

• Escrows may be transferred.

• Loans with an LTV greater than 80% with an escrow waiver on the original loan may be eligible for an escrow waiver on the new loan.

Loan being refinanced must have been originated by Flagstar or Bank of America (broker/correspondent), sold to Freddie Mac, and currently be serviced by Flagstar Bank or Bank of America.

If you are interested in an FHA Refinance and live in NC or SC please give me a call. 704-490-4733