Robert Skulka

will purchase homes, at discounted price...

all cash offfers. must be fixer upper(s). . ..

in the greater Anchorage , Eagle-River, Wasilla area.

bed-room / bath does not matter.

be it in : foreclosure- fsbo- we will purschase it...

email for more details, please

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@thunderstruck/real-estate-investors Commercial loans

Alaskan Success,Inc

10/100 Product

(YOU MUST REGISTER TO USE THE PRODUCT – INFO BELOW)

Product Parameters

$2M to $500MM Partnerships – income producing property

$2M to $500MM Partnerships – construction projects

All projects values are calculated in US Dollars

(Funding group has a strong appetite for income producing properties).

Commercial only – (not for residential home purchase) USA, Caribbean, Canada, Europe, South Africa, Australia, Japan and areas that are not considered high risk due to government instability or terrorist related issues.

Downpayment consideration is a 10% returnable cash deposit. The 10% cash is held for 2 years in a blocked account at Bank of America or CITI and then returned. If returned sooner – 10% of downpayment amount penalty applies. There is a minimum 1 year hold for the 10% amount. The 10% is calculated against the total purchase price of existing improvement or total funds required for construction project.

3 years in business (less than 3 years will be reflected in JV split) (must have financials for file – not verified)

100% Funding

Joint Venture Split - 60% Principle / 40% JV Partner

Submission Requirements for consideration/approval–

• Executive Summary with principle resume and Performa – must have successful track record.

• Proof of 10% Cash Consideration – must be liquid (not POF)

• Previous 3 years business financials (for file only – not verified)

• Appraisal

All type projects considered - response within 3 to 4 business days.

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% cash consideration liquid, our funding group wants to be your partner!

With the JV Program, you pay no interest payments, ever! You wave 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.

The Process:

Step 1:

Submit detailed Executive Summary with resume and proof of 10% liquid funds, we will review and get back to you within 3 to 4 business days.

Step 2:

Principle signs NCND. Principle submits application/introduction fee. We then 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). At this time the application/introduction fee becomes non-refundable.

Step 4:

You set up a blocked account with either BOA or CITI for 10% of the requested amount to be funded. Funds are then 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 $15,000.00 fee and JV attorney’s $15,000.00 charge for all legal work. The legal work charge is credited back at closing.

Important:

Application/Introduction fee is refunded if no firm commitment is issued. Additional fee are not collected until a firm commitment is in place. Upon closing application/introduction fee is returned to principle and facilitation fee is credited back to principle.

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 Benefits:

In most cases, you will find that when a project 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% and we put up 100% of the money. No monthly payments are made until the project starts profiting.

Principals make more money, making no interest payments during construction phase.

Projects typically close in less than 45 days. (Exception: No funding from 11/15 to 1/15 of each calendar year)

Remember, there is no loan, this is your partner. You’re closing on the partnership agreement with a group that has all the capital you need.

Fees

$5,000 Application/Introduction fee (completely refundable if not approved)

$30,000 Facilitation and Attorney Fees

Point charge- 10 (can be rolled in)

CONSULTANT PRODUCT REGISTRATION INFORMATION

Client Registration –

• $1500 – send MO/Bank Check. NCND will be provided when first client is submitted. There will only be a limited number of consultant registrations allowed. Register quickly as this is a very HOT product.This is non-refundable.
  

• You must be absolutely direct to principle. No broker chains. If lead is referred to you and you want to compensate that person upon closing you must do that out of your fee. That person will not be part of the process and must step aside NO EXCEPTIONS.

• After client has submitted info for preapproval we will work direct to the client from that point forward till close. You will step aside.

• Upon receiving application and application/introduction fee from client you will receive $1000 when the principle is issued an engagement letter (firm commitment). When the transaction closes the $1000 will be deducted from your total referral fee as the entire fee is returned to the client. The $1000 upfront is to provide you with cash flow.

• Referral fee is on a sliding scale and our fee is protected by our investment group. No outside fee agreement is allowed with the principle nor do we need a consulting fee agreement.

• Commission to you –

1^st $10M block is at .45%,

2^nd $10M block is at .40%,

3^rd $10M block is at .35%,

4^th $10M block is at .30%

5^th $10M block and up is at .20%

Example – on a $50M submission your commission would be calculated at $10M for each level based upon the percentage for that block of funds. The total commission to you on a $50M closing would be $170,000.00 minus the $1,000 application/introduction return.

• Minimum size deal is $2M

Alaskan Success,Inc

Construction/Project Financing - ANYWHERE

$10 Million and Up

Office Building/Arena/High Rise Resorts/Hotels

Must Provide ALL of the following items to be eligible for consideration:

1) One-two page executive summary of project/purchase 2) One page Acquisition sheet (provided)
3) Color copy of photo passport of each participant
4) Signed non-disclosure forms (provided)

*See Protocol (Procedure) below

Subdivisions Golf Courses

Program Highlights

* All participants must pass Homeland Security check
* 15 Year Fixed Interest Rate
* 5.5% Interest Rate
* Appropriate downpayment amount (if any) into escrow account – 100% protected to funding
* No payments for 1st two years or until build complete
* No liens against property/project after funding (no 2nds etc…)
* ALL FEES must be disclosed
* Qualifying NOT determined by credit
* Up to $10 Million on first draw and up to 30% on each
following draw
* Can be fully funded in 120 days
* Construction or existing properties
* Not allowed to refinance with any other lender
* Escrow amount increases above $100 Million
* No limit on location - financing world-wide

We will NOT discuss project(s) until eligibility requirements are satisfied. ***NO EXCEPTIONS***

Contact:Robert Skulka

Mansions Malls/Strip Malls


*Program and guidelines may be altered at investor discretion at any time*

Submission Protocol

Step 1: Submit toRobert Skulka

One-Two page executive summary of project – if acceptable you will receive a Non Disclosure Non Compete (NCND) document for completion. This is between Consultant and Owner Finance. Upon return you will receive a second set of NCND documents for the client to complete. (You will only receive the OFI–NCND once as it covers all submissions).

Step 2: Submit to Robert Skulka from Client:

1) Proof of clear downpayment funds (if any) available for escrow 2) Letter from Bank Authority confirming access to
unencumbered funds – if downpayment is required
3) Color copy of photo passport of each participant
4) One page acquisition sheet (provided with NCND)
5) Signed non-disclosure forms (provided)

Project types: Any as long as it’s a construction project. No straight purchases or refinances. Minimum $10 million, nothing below.

Client must be “ready to go” on project construction and have “skin in the game”. (invested own funds into project)

Type of Financing: “Equity Financing” and Debt Financing” considered on all submissions. Investor will discuss with client after introduction.

Not available for projects in Florida, New York, Connecticut, Massachusetts, Rhode Island.

Important: Do not submit incomplete packages. After submitting the Executive Summary and receiving request for entire package submit all items together as we do not stage items. Partial submissions are deleted.

* Do not submit projects that do not have permits in place and are not ready to start immediately.

* Upon receipt of all required documents and investor preapproval - direct contact between investor and client will be established.

* Fees are determined on a case by case basis. After executive summary submission Owner Finance will discuss with Consultant appropriate fee to charge client. Upon investor preapproval of transaction Owner Finance will provide a Fee Protection Agreement for Client execution to the Consultant. Fee is paid from closing proceeds to Robert Skulka and disbursement is then made to Client. (Typical fees can range from 1 to 4 points depending upon size of transaction)

Product Registration:

• Clients must register with Robert Skulka to use this product. The one-time charge to register is $999.00

• Support is provided via phone only.

• The earnings potential with this product is enormous. We are limiting the number of registrations for this product. Registration will be closed immediately upon reaching volume limitations.

• We will not review any submissions from anyone before completing the registration process.

• To register send fee through PayPal or send Bank Check/Money Order to our mailing address.

Guaranteed Approval – 90% LTV Financing - No Credit Check Program

No Credit Check
No Credit Qualifying
99% Approval Rate - No Red Tape!
Bankruptcy & Foreclosure OK!
Tax Liens & Judgments OK!
Easy Income Verification
80-90% Financing
Affordable Rate*

Program Overview:

This program is intended for buyers that are experiencing a difficult time due to credit problems but have sufficient income to make payments on a home and have a 10% downpayment. The downpayment is not sourced or seasoned. Downpayment assistance programs DO NOT work with this program.

The program actually provides a credit partner that obtains a loan to purchase the property on behalf of the buyer.

When the credit partner closes on the property they immediately enter into a Lease Purchase Contract with the buyer. This gives the buyer control of the property as long as they make their monthly payments on time. The buyer then has a period of three years in which to refinance the property and pay off the Credit Partner.

Program Guidelines:

1.A buyer is located that does not qualify for any of our products. Buyer has 10% downpayment and wants to participate in the program.

2.The on-line application is completed and the $750 non-refundable (no exceptions) Analysis fee is paid to Alaskan Success,inc via Money Order/Bank Check along with the sent to:

Alaskan Success,inc

5801 Fiji St

Anchorage,Alaska 99507

3.To speed up the processing time of the file an applicant should include the non-refundable Submission Fee amount of $999.00 along with the application fee.

4.Upon receipt of the applicable fees the file will be staged for processing and the background check along with verification of references and income will begin. (Expected 99% approval rate). Be sure applicant provides references that are not away on vacation or difficult to contact as it will slow down the process.

5.Once approved the additional information is needed to submit file to a credit partner. The additional information required for this phase is:

a.Proof of 10% Down Payment Funds
b. Property Information
c. Deal Structure: calculation of discount, spread and profit
d.Purchase Contract signed by seller and Consultant (Contract 205)
e.Assignment of Purchase Contract 205 – Email Bill for Assignment Form (when you have a deal)
f.Credit Partner Non Circumvent Agreement
g.Recent appraisal with “Market Rent Analysis” included (see appraisal section below)
h.Submission letter with appropriate security fee – Email Bill for Submission Letter (when you have deal)

Once all the above is received the file is submitted to the Credit Partner Group. To receive a written commitment it is expected to take about 5 to 7 business days. This time is an estimate and is not guaranteed.

6.You will be notified when a commitment is received from the Credit Partner. The buyer will be issued a Acceptance and Commitment Agreement that needs to be signed and then faxed back. The original needs to be shipped overnight after faxing. Shipping instructions will be provided when the agreement is issued.

7.Down payment funds are transferred to Credit Partner.

8. Closing procedure and instruction are provided.

Property Type:

Single Family - Owner Occupied Only – (no exceptions)
Duplexes – Owner Occupied Only, on a case by case basis
Home purchase amount minimum is $75,000. Above $500,000 on a case by case basis only
This program does not work on foreclosed property. Seller must be in title for a minimum of 12 months.
Transaction must be structured as a “Flip”

The Discount Structure of the Deal:

1. 6% Investor fee
2. 5% of sale price – Credit Partner Incentive Fee
3. 3% closing costs (minimum $5,000) Plus cost of appraisal, which is paid upfront
4. 2% transaction fee

Minimum Discount Example: All sales below 166K

Example of a deal where the minimum discounts apply
$75,000 sale to end buyer
$4500 Investor fee
$3750 100% Credit Partner Incentive Fee
$5000 closing costs 1st (minimum)
$1500 transaction fee

$14,750 – Total discount amount (19%)
$60,250 - Net to the consultant on this example.
(If consultant purchased at $50K profit would be $10,250)

The consultant flipping the property absorbs the total discount fee.

** A very easy way to determine the discount on all minimum deals (below 166K) is to discount the sale price by 13% plus the $5000 closing fee. Example: if sale price is 100K the discount would be $13,000 plus the $5,000 closing fee for a total discount of $18,000.

*** Remember this does not include the upfront costs – Analysis Fee, Submission Fee or Earnest Money and Down payment***

Example of a deal where the minimum discounts DO NOT apply with 100% LTV financing: (All sales above 166K)
$170,000 Sale to end buyer
Total discount of 16% - $170,000 x 16% = $27,2000 total discount

$142,800 – Net to the consultant on this example. (If consultant purchased at $125K, profit would be $17.8K)

*** Remember this does not include the upfront costs – Analysis Fee, Submission Fee or Earnest Money and Down payment***

Debt Ratio:

The buyer must be able to afford the property they are trying to purchase. The monthly payment for the property will be approximately 1.1% of the sale price. As an example, the purchase price is $100,000 – the monthly payment will be approximately $1100 per month. (This is not an exact figure - will fluctuate depending upon Credit Partners rate)

Quick Way to Determine a Buyers Maximum Purchase Price: multiply the borrowers verifiable annual income by 3.5. This will give you the maximum purchase price.

Appraisal:

A state certified appraisal with “Market Rent Analysis” is required on all transactions.

If a current appraisal is available it must not be older than 30 days from file submission date and have comps that are within 90 days from the date of the appraisal.

When ordering an appraisal before we know what product is being used be sure the order includes the following language:
“ Reassignment to a broker or lender or re-certification of appraisal within two months of appraisal report completion will be done at no extra charge”.

For transactions that already have a recent appraisal - eventually the appraisal will need to be endorsed to the credit partners lender - when this information is available. There sometimes is a cost to do this. By including the above language with the initial appraisal order you should not be charged for it if the appraisal firm accepts the order.

Contract Earnest Money:

Every transaction requires earnest money be provided upon entering contract. This amount is no less than half of one percent of the sale price with a minimum amount of $500. The earnest money should be collected by Alaskan Success,Inc and held until a credit partner is assigned. When the credit partner is assigned the we will send the earnest money to the credit partner in the form of a cashiers check or money order. The credit partner will then provide the same amount to the seller as earnest money from his/her own account using sourced and seasoned funds.

Buyers Upfront Expenses to Use Program:

Buyer(s) must provide:
Analysis fee of $999.00 – Non-refundable (at time of application)
Credit Partner Submission Fee of $750 – Non-refundable
Earnest Money – half of 1% of the sale price or $500 minimum (credited towards downpayment)
Appraisal Fee – averages $300 to $500 depending upon location. (can also be paid for by the seller)

A Word from Alaskan Success,Inc:

We have gone to great lengths to find and facilitate a program such as this for our clients to use.

Finding buyers for this program is about as easy as it will ever get. Every buyer you submit for pre-approval that does not qualify for our Series 4000 or Series 2000 Program will most likely qualify for this program. How much easier can it get?

If you examine closely what this program does for you and your buyer, it’s amazing. You get to flip a property to a buyer that would have a hard time renting a home and the buyer gets into the home they want.

The program parameters that are outlined are based upon information provided to us from the investor company. They are not negotiable. If you don’t like any part of it, move on. Do not call us to ask for other considerations. If there is a special buyer circumstance, they need to address it when they are interviewed.

The Analysis Fee and Credit Partner Submission Fee are non-refundable. The Analysis Fee is for processing and facilitation of the entire file and includes buyer background check along with income and employer verification and packaging for presentation to Credit Partner Group. The Credit Partner Submission Fee is for the constant marketing efforts to attract, interview, updating and approve Credit Partners for program participation. Again, this is a non- refundable fee. The requirement for buyer’s to be approved for this program is very simple. If they have two years continuous employment (different industry OK) and can prove it and assuming they pass a background check – they are approved. They will be approved to purchase a home for 3 times the amount of their verifiable income. If false information or unverifiable income is stated to qualify for this program they will be denied. Either case we must complete our work to make a determination and therefore the funds are not refundable. We strongly suggest that you inform the buyer to be absolutely sure they are being truthful regarding the information they provide. Be diligent yourself – have the buyer provide their income documentation to you before they apply.

Program information is current as of 2/21/2008