OUR ENTITIES

Private Money Authority Inc.
Subsidaries:
Private Money Holdings LLC
The Private Money Real Estate Opportunity Fund LLC
The Private Money Hemp Opportunity Fund LLC
The Private Money Energy Opportunity Fund LLC
The Private Money Precious Metals Opportunity Fund LLC
My Private Money Lender


Additional entities are in formation. We are also placing our assets in our holdings company.

PMA OFFICE

Private Money Authority Inc.
2000 South Colorado Boulevard
Tower 1 Suite 2000 #35
Denver, Colorado
80222
(888)659-0995






MEMBERSHIPS AND COACHING AVAILABLE HERE

Contact Form

Name

Email *

Message *

VISION 2030

On or before January 1, 2030 Private Money Authority Inc. will have successfully achieved the following:


1.Acquire 10,000 doors internally.
2.Our members will acquire 25,000 doors.
3.Acquire 5,000 keys internally. (Hotel).
4.Ground Up/ New Build 10 100+ story luxury high rises.
5.Become the largest financier in the hemp and cannabis industry.
6.Build Out the most respected private money education and coaching platform in the industry.
7. Launch our energy funding platform.
8. Launch our community development platform.
9. Launch our health and technology platform.
10. Launch our media platform.


BUILD A LAS VEGAS MEGA RESORT AND CASINO PROPERTY TO CELEBRATE COMPLETION OF VISION 2030!

THE FUND

THE FUND
WE ARE ACCEPTING MEMBERS AND SCHEDULING INVESTOR MEETINGS

Sunday, June 2, 2019

CLIENT ORIGINATION PROCESS




CLIENT ORIGINATION PROCESS

1. Client submits an Executive Summary for their deal. (Preferably before you submit your offer or LOI to your seller>)

2. PMA will generate an Initial Terms offer for the client. If the terms are acceptable then we will send the client docs required by the Loan Officer and Underwriter. Generally, we will be able to generate terms within 24 hours unless its new construction or multi family 5+.

3. Client will return the documents to PMA and that will start the clock.

Fix and Flip Bridge Loans

30 Year Stated Income Rental Loan

New Construction Loans

Multi Family 5+ Doors



Some lenders require a Broker Fee Agreement, but most do not. If we go through one of them, we will send that, and it must be returned prior to submitting it through our portal with them.



WE ONLY ORIGINATE LOANS FOR ENTITIES. YOU MUST BE AN LLC OR CORPORATION!

YOU WILL NEED AN APPRAISAL, TITLE WORK AND INSURANCE. YOU WILL GET A LINK FROM US TO PAY FOR THE APPRAISAL. THIS MUST BE DONE TO SCHEDULE THE CLOSING.



1.       Executive Summary

2.       Terms

3.       Broker Fee Agreement (if required)

4.       Experience worksheet. Also known as Schedule of Real Estate Owned or Sold.

5.       Scope of Work for Rehab Loans

6.       Loan Application

7.       ***Credit Authorization (soft pull, our lenders accept the median of the 3 reports)

8.       Zero Tolerance for Fraud Statement (COGO Capital only!)

9.       Lender specific documents.

10.   For rentals we will need leases, rent rolls and T12’s.

11.   New Construction and Multi Family require additional documents.

12.   Bank statements vary per lender or product.



*** Credit is only used to place a borrower in a tier. Some lenders do require a 600 FICO, and in some cases higher for specific product eligibility.



I recommend contacting us before you send your offer or LOI. We can verify it will qualify for a lender. Also, please understand that once we have an offer the timeframe depends largely on you. If you need a faster close we will need docs right away. There are lenders who can do 10-14 days but most take 21-28 days ONCE THE DOCS ARE SUBMITTED!

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.