Dear Investor,
Capital Link Services is in the
Real Estate Investment business of buying, rehabbing and reselling houses.
We use private lenders instead of using bank loans. Since we get a very high return
on our cash, we can offer our private lenders a high yield when using their money to fund our deals.
The Maximum loan to value is 80%. That means we will borrow up to $80,000 on a $100,000 property.
The money we borrow is secured as follows:
1
st note and mortgage - 15%
2
nd note and mortgage - 18%
Payments are interest only on an accrual basis.
Interest only payments keep 100% of your principal working for you. Loans have a balloon payment due in
1 year.
The term is ultimately decided by the investor's desires.
Sometimes we borrow offering a 2nd mortgage. For example, if there is a first mortgage for $50,000, then we can offer
our investor a second mortgage of (up to) $30,000. In the case of a subordinate position, we pay 18%.
All private lenders get:
· Promissory Note
· Mortgage recorded against the property
· Added on to the hazard insurance as the mortgagee
· Copy of an appraisal or market analysis report
· Lender's title insurance
When a deal is found that meet your lending criteria, I would contact you with all the details and then you would decide
whether to participate. You are never obligated. When you decide on a deal, you'll send your funds directly to the
closing Attorney/Agent when we're ready to close. We'll never accept your funds directly.
All the houses used as collateral will be located in the Tri-state Area - New York, New Jersey and Connecticut.
We will occasionally do deals in other states.
A majority of my private lenders currently include family members, seasoned business
contacts and friends.
If you have funds in a CD or Retirement Account, you can use these funds to invest. For IRAs and 401ks the IRS requires the
use of an approved custodian to qualify for
tax deferred or tax free gains. I recommend
trustetc.com to create
a self-directed real estate retirement account. They will direct you every step of the way and turnaround is fast.
To learn more, or to be added to our private investor list, please click the
"Request Information" box below.
Your questions are always welcome.
Successful Investing,
Owner, Capital Link Services.
Brooklyn, New York
wilbrans@optonline.net