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B) Increase DTI: Since the Unsecured Business Lines only report on s business credit
profile, It will not affect the clients personal Debt to Income Ratio (DTI).
C) Flexibility: We offer 6-12 Months of 0% Interest on all newly established lines, in
addition the account is a revolving line, which means the business will always have
access to the available credit anytime they need to. Plus unlike a loan the borrower
only pays on the amount used which allows the borrower to focus on profits.
NOTE: Did you know that Pennington Consulting Group will help guide you through the process of setting up a separate business credit score...free of charge?
There Only 4 Factors in Qualifying for our UBL program (Keep in mind we have a solution for each factor).
1. Derogatory Items: Lates, Collections, ChargeOffs, Tax Liens, Judgments, & Bankruptcies. Depending on
how much effect the derogatory item has on your credit profile, also based on your funding goal, we will make a
decision if the item must be removed before you can qualify for our Unsecured Business Line Program. We offer
a Credit Consulting Services to help those clients with damaged credit.
2. Utilization: Calculation is based on the total balances divided into the total limits of all your revolving accounts. Based on the age
of your file we figure out what your target Utilization should be.
3. Age of File: We require that our clients MUST have at least a 25 year Age of file based on the oldest account reporting on your
credit profile. (Please see the charge below)
Age of File
Target Utilization
59 Years
1014 Years
1520 Years
>20 Years
1014%
1519%
2024%
2530%
Inquiries: Of course, inquiries are just not a good look and this is about 10% of what FICO Score Algorithm evaluates. And what we
have seen, based on our experience working with our past clients, more than 6 inquiries per bureau within the last 612 months must
be removed before we can get started.
2."Revenue Based" funding. Perhaps the simplest form of attaining funding for an existing business, its proper utilization is
often neglected or grossly miss-managed. Our program is simple, if the business has revenue we fund 8%-15% of the business
annual revenue. In addition our Revenue Based funding program also offers:
Pennington Consulting Group Unsecured Business Lines (UBL) Program Benefits:
A) No Credit Score Requirement: even though this program is not credit based, credit is looked at as a compensating
factor and a way to evaluate risk.
B) Credit Reporting: We have options with some lenders were they will not report the loan to personal or business credit.
C) No UCC Filing (Uniform Commercial Code): AS most business loans require UCC Filing some of our lenders do
not file a UCC under the business.
D) Pre-Payment Penalties: None of our revenue based loan programs have a pre-payment penalty.
NOTE: When Pennington takes on a client, we don't just work to help that client receive the cash assets, we help our clients develop the best
strategies for using and paying back those cash assets.
5,000 - $1Mil (NON SBA / NOT A CASH ADVANCE TRUE BIZ LOAN)
LOAN TYPES
Any business related loan that will contribute to the growth and
expansion of the business within its industry.
MAXIMUM LTV
BUSINESS TYPES
ELIGIBLE LOCATIONS
COLLLATERAL
CREDIT PROFILE
INTEREST RATE
TERM/AMORTIZATION
LOAN POINTS
PREPAY
UNDERWRITING
CLOSING TIMEFRAME
THIS PROGRAM IS
NOT
The
Pennington Consulting
Group Difference
3."Asset Based" funding. Surprisingly, this may be the most widely utilized way
to borrow money for real estate, & business acquisitions. And it is also commonly
abused and misunderstood. Let Pennington Consulting Group assist you to
properly structure & develop advantageous options for your current or next project.
Give us a call today and lets discuss your current scenario:
Call us TODAY & let our experienced consultants help you or your client structure you next deal.
ELIGIBLE OCCUPANCY
LOAN SIZES
PROPERTY TYPES
SBA
504 (Owner)
$500K- $10M+
Multifamily (5) or
More Units,
Assisted Living,
Student Housing,
Healthcare.
Purchase,
Refinance,
Working
Capital, Rehab
Yes
None
No
80-90%
Yes
4.25%- 8.22%+
Quarterly Adj.,
5, 10, 25
10, 25
Declining
Nationwide, all
50 States
1.25x
Full
Purchase,
Refinance, CashOut, Rehab,
Construction
No
680
No
80%
No
3.75%- 5.0%+
Quarterly Adj., 5,
7, 10, 15, 30, 35,
40
30, 35, 40
Various
Nationwide, all
50 States
1.00x- 1.45x
Non-Recourse
CROSS COLLATERAL
CREDIT MINIMUM
FOREIGN NATIONALS
LOAN-TO-VALUE
SUBORDINATE LIENS
INTEREST RATES
TERM (YRS.)
No
680
No
65%
Yes
4.0%- 7.0%+
1, 3, 5, 10
No
680
No
65%
Yes
4.0%- 7.0%+
1, 3, 5
Yes
None
Yes
75%
Yes
3.875%- 8.5%+
3, 5, 7, 10, 15,
20, 25, 30
Purchase,
Construction
(start-ups in
CA only)
No
None
No
80-90%
Yes
4.25%- 8.22%+
Quarterly Adj.,
5, 10, 25
AMORTIZATION (YRS.)
PREPAY PENALTIES
ELIGIBLE LOCATIONS
20, 25
Various
Nationwide,
all 50 States
1.20x
Full
20, 25
Various
Nationwide, all
50 States
1.40x
Full
20, 25
Various
Nationwide, all
50 States
1.20x
Full
LOAN TYPES
DSCR MINIMUM
RECOURSE
Other Loan Programs: Ask
Foreign
National
Loans
SBA Business
Loans
AGENCY/CONDUIT
FNMA/HUD
7(a) (Owner)
Investor
$50K- $5M+
$500K+
FNMA to
$500k
CMBS
Owner/Investor
$5M+
PRIVATE/HARD MONEY
Non-Conforming
Bridge
Owner/Investor
Owner/Investor
$50K- $500K+
$500K+
Multifamily (5)
or More Units,
Office, Retail,
Industrial,
Hospitality,
Self-Storage,
Mobile Home
Parks.
Purchase,
Refinance,
Cash-Out
No restricted property
types except owner
occupied SFRs and
Multifamily 2-4 Units.
No
640
Yes
75%
No
4.5%- 6.0%+
5, 10
Yes
600
No
65%-90%
Yes
9.5%- 12.25%+
5, 15, 25
Yes
None
Yes
80%
Yes
6.5%- 15.0%+
1, 1.5, 2 (longer caseby-case)
20, 25, 30
Various
Nationwide, all
50 States
1.25x
Non-Recourse
15, 25
Declining
Nationwide, all 50 States
Interest Only
None
Nationwide, all 50
States
N/A
Full or Non Rec
1.25x
Full
Purchase, Refinance,
Cash-Out, Rehab
Stated
Loan
Program
This document is a demonstration of terms available and is not a loan commitment or guarantee of financing. The terms outlined above are estimates and subject to change. PCG is a wholesale commercial real estate
finance company and commercial mortgage broker resource, this document is for commercial finance professionals only and not for retail distribution.
brian@penningtonconsultinggroup.com
Loan To Value
Investor 1- 4
Traditional I
Traditional II
Non-Owner Occupied
SFR, Condo, 2-4 Unit
Max 75% *
Max 65%
7.49%
7.75%
7.99%
8.49%
Max 70% *
7.49%
7.99%
FICO 700
FICO < 700
Loan To Value
Investor 1- 4
Traditional I
Traditional II
Non-Owner Occupied
SFR, Condo, 2-4 Unit
Max 75% *
Max 65%
8.49%
8.75%
8.99%
9.49%
Max 70% *
7.99%
8.49%
FICO 700
FICO < 700
Loan Amounts... $100k - $5MM (Investor 1-4 Max loan amount $2MM)
Rebates 1 Point Broker Rebate = .50% add-on to rate (Maximum Rebate 2%)
Amortization/Term 30 year fully amortizing / 30 year loan (Call for other amortization options.)
Index / Margin / Cap WSJ Prime + 4%. Rate Caps = 2/1/6
Prepayment Penalty. Equal to fixed period (Minimum Prepay = 1 year)
1-6 residential units in NJ = no prepay, add 1% to rate
Prepayment Buydown(s) Investor 1-4: 1 year buydown add 1.00% to start rate
Tradational I&II: 1 year buydown add .50 to start rate OR 1% in fee
Rate Buydown 1 pt. fee = .50% rate reduction (Maximum 1%) | Minimum Rate 6.49%
Loans < $750K add 50 BPS to the above mentioned rate (traditional I & II Only)
*
General Guidelines
LTV Limitations.
FICO < 700, max LTV is 70%, Investor 1-4 loans > $1MM = 65% max LTV
$50K-$100K+ or More
No Collateral required
No financial or tax returns
We work with damaged Credit
No restrictions on use of funds
Funding in 10-15 days.
Helps build business credit.
Not reported on personal credit.
Use funds for Inventory.
Real Estate Purchase.
Use funds for Working Capital.
Equipment Financing
48 Hour Approval
100% Financing
Fixed Monthly Payments
Simple Documentation
Funding From $5K- $2M
Build Biz-Credit
Preserve Working Capital
Typical Items Financed:
Furniture, Fixtures, Millwork
Computers, POS System
Vehicles, Spa, Salon, Tools
Heavy Machinery & etc
Tax Liens
Judgments
Charge Offs
Collections
Late Payments
Repossessions
Settlements
Inquiry Removal
Bankruptcies
Medical Bills
A FRESH START.