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| USHM and affiliates have been providing nationwide loan services for over 25 years. We have the know-how, experience, and contacts to provide real estate financing for virtually all property types and lending scenarios, from land acquisition to adaptive re-use. We also provide asset based business loans. We finance inventory, accounts receivables, equipment purchases, and expansion capital.
· Historically, the core business of USHM has been in making direct Hard Money real estate loans with a primary emphasis on land loans. Current market conditions have caused us to redirect our focus. While we still make land loans, they MUST have contracts in place and/or a viable exit strategy. · To qualify, loans must be placed in the Continental United States and not exceed 50% of the real property's LIQUIDATION value or purchase price or cost (LTV/LTC). The typical loan term is up to three years with no pre-payment penalty. Loans can range between $3M to $100. Our 'sweet spot' loans are between $3M to $10M. WE DO NOT FUND LOANS LESS THAN $1M. · Loan To Value (LTV/LTC) is typically calculated to be the lesser of the quick sale value or the purchase price. For example, if you are able to purchase a property with a market value of $12mm for $6mm, the lower value is used for underwriting purposes. In this example we could lend between $3mm-$5.4mm. But there are exceptions. If you don't have any money in the deal, your ability to get a Hard Money loan is slight. Due to current market conditions we are no longer routinely making loans on unimproved or un-entitled real estate. We are looking for cash flowing real estate deals $3M or greater. WE DO NOT FUND START-UPS We are currently financing asset based loans on the following: · Commercial Aircraft · Inventory · Purchase Order Contracts · Rolling Stock · Production Contracts · Charged off Credit Card Receivables · Licenses - Communications, Cable and Cellular · Fine Art, Antiques, and Gems (cut or uncut) · Oil, Gas and Mining resources with early stage infrastructure and/or production · Bridge Financing for Asset Sales Contracts · Debtor in Possession Financing All Industries
Every deal is unique. Please give us a call. Cordially,
Thomas F. Brosnan Managing Member US Hard Money, LLC P.O. Box 15331 Alexandria, Va. 22309 703-328-6464 Skype: telegony22314 Conference Call# 641-715-3600 PIN 305662# tfb@hard-money.us www.hard-money.us This email may contain privileged and/or confidential information and is intended solely for the use of the addressee. If you are not the intended recipient, you are strictly prohibited from disclosing, copying, distributing or using any of this information. If you received this communication in error, please contact the sender immediately and destroy the material in its entirety. You may not directly or indirectly use or disclose this information for any purpose other than that for which you are receiving this information. |
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