Private Mortgage Investments High Yield Investments Secured by Real Estate.
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Transcript of Private Mortgage Investments High Yield Investments Secured by Real Estate.
Private Private Mortgage Mortgage
InvestmentsInvestments
High Yield High Yield Investments Secured Investments Secured
by Real Estateby Real Estate
Private Private Mortgage Mortgage
InvestmentsInvestmentsHoward k LongHoward k Long
Ronan Funding LLC Ronan Funding LLC
DisclaimerDisclaimerPlease carefully consider Ronan Please carefully consider Ronan
Funding, LLC's investment Funding, LLC's investment objectives, risks, and associated objectives, risks, and associated
costs or expenses before investing. costs or expenses before investing. Real estate investments are not Real estate investments are not guaranteed or insured and past guaranteed or insured and past
performance is not a guarantee of performance is not a guarantee of future performance. Please ask future performance. Please ask
questions and ask for more questions and ask for more information before you consider any information before you consider any
investment.investment.
““More millionaires have More millionaires have created their wealth created their wealth
through real estate than through real estate than any other endeavor”any other endeavor”
Andrew CarnegieAndrew Carnegie
SummarySummary To fund our deals we generally borrow To fund our deals we generally borrow
money from banks at 70% to 80% of value money from banks at 70% to 80% of value and borrow the balance from private and borrow the balance from private individuals individuals
Or we borrow 100% of the purchase price Or we borrow 100% of the purchase price from private individualsfrom private individuals
We pay private investors 12% for 1We pay private investors 12% for 1stst mortgage money or 14% for 2mortgage money or 14% for 2ndnd mortgage mortgage moneymoney
We typically use your money for 1 year but We typically use your money for 1 year but we can offer shorter terms in some caseswe can offer shorter terms in some cases
Private Mortgage Private Mortgage ProgramProgram
We use our marketing program to We use our marketing program to get potential sellers to call usget potential sellers to call us
We negotiate to buy a property that We negotiate to buy a property that is typically 20% to 35% below marketis typically 20% to 35% below market
At closing, we borrow from private At closing, we borrow from private investor(s) to purchase the propertyinvestor(s) to purchase the property
Private investors get a mortgage and Private investors get a mortgage and insurance as securityinsurance as security
We make payments to you on the We make payments to you on the scheduled datesscheduled dates
Private Mortgage Private Mortgage ProgramProgram
Guidelines - 1Guidelines - 1stst Mortgage Mortgage ProgramProgram11stst Mortgage Program Mortgage Program
1.1. $50,000 minimum$50,000 minimum2.2. Up to 75% LTV Up to 75% LTV 3.3. 12% Interest12% Interest4.4. Numerous payment options Numerous payment options
(monthly, quarterly, ect.)(monthly, quarterly, ect.)5.5. One Point (1%) upfront fee to you One Point (1%) upfront fee to you
the investorthe investor
Private Mortgage Private Mortgage ProgramProgram
Guidelines - 2Guidelines - 2ndnd Mortgage Mortgage ProgramProgram 22ndnd Mortgage Program Mortgage Program
1.1. $25,000 minimum$25,000 minimum2.2. 14% Interest14% Interest3.3. Numerous payment options Numerous payment options
(monthly, quarterly, ect.)(monthly, quarterly, ect.)4.4. Up to 95% LTVUp to 95% LTV5.5. Two Point (2%) upfront fee to you Two Point (2%) upfront fee to you
the investorthe investor
Payments OptionsPayments Options You get 12% simple interest on your invested You get 12% simple interest on your invested
capital (14% if you choose the 2capital (14% if you choose the 2ndnd Mortgage Mortgage Program)Program)
We can pay you any of the following ways:We can pay you any of the following ways: Monthly (12.0% APR)Monthly (12.0% APR) Quarterly (12.1% APR)Quarterly (12.1% APR) Semi-annually (12.2% APR)Semi-annually (12.2% APR) Annual (12.4% APR)Annual (12.4% APR) No Payment Accrual Program (13.3% APR)No Payment Accrual Program (13.3% APR)
How Do We Protect YouHow Do We Protect You The Investor? The Investor?
We collect rent from our Tenants though We collect rent from our Tenants though careful negotiations or court actions, if careful negotiations or court actions, if neededneeded
We require a 3% to 5% non-refundable We require a 3% to 5% non-refundable deposit from our Tenant which dramatically deposit from our Tenant which dramatically reduces non-payment issuesreduces non-payment issues
For monthly rentals we require at least two For monthly rentals we require at least two months security to protect both you and usmonths security to protect both you and us
We will never default on a loan - We will We will never default on a loan - We will pay you out of our pocket, if neededpay you out of our pocket, if needed
How We SecureHow We Secure Your Private Mortgage Your Private Mortgage
Promissory Note signed at time of Promissory Note signed at time of investment by Ronan Funding LLC investment by Ronan Funding LLC
A first or second mortgage recorded A first or second mortgage recorded with the local county office with the local county office
Certificate of insurance naming you as Certificate of insurance naming you as additional insuredadditional insured
How We Protect Your How We Protect Your PrincipalPrincipal
11stst Mortgage Program – we never borrow Mortgage Program – we never borrow more then75% Loan-to-Valuemore then75% Loan-to-Value
We typically buy 20% to 35% below We typically buy 20% to 35% below marketmarket
We create additional cushion by building We create additional cushion by building in equity by rehabbing the property in equity by rehabbing the property
We find quality Tenants who give us We find quality Tenants who give us large up front depositslarge up front deposits
We aggressively manage our properties We aggressively manage our properties to make sure tenants pay on time and to make sure tenants pay on time and maximize the property valuemaximize the property value
Compare Private Compare Private Lending Versus Hard Lending Versus Hard
Money LendersMoney LendersPrivate LenderPrivate Lender Hard MoneyHard Money12% to 14%12% to 14% 15% or Higher15% or HigherOne Point FeeOne Point Fee 5 to 10 Points5 to 10 PointsNo Credit CheckNo Credit Check Credit Score 600+ Credit Score 600+ 1 Year Term1 Year Term 6 to 12 Months6 to 12 MonthsNo Back End FeesNo Back End Fees 2 to 5 Point Backend2 to 5 Point BackendTotal Cost < 13%Total Cost < 13% Total Cost >25%Total Cost >25%
This is Why We Use Private Lenders Versus
Hard Money Lenders
Presentation Presentation
Outline Outline Private Mortgage ProgramPrivate Mortgage Program
11stst Mortgage Program Mortgage Program 22ndnd Mortgage Program Mortgage Program
Company OverviewCompany Overview BackgroundBackground Staff, Organization Chart and Staff, Organization Chart and
Web SiteWeb Site QuestionsQuestions
Ronan Funding , LLCRonan Funding , LLC We are a Roth self directed IRA .We are a Roth self directed IRA .
We hold properties both short and We hold properties both short and long termlong term
28 years of experience28 years of experience
Our Core StrengthsOur Core Strengths We are very focused in a small geographic We are very focused in a small geographic
area and area and know the values in our marketknow the values in our market much better than the sellers, realtors much better than the sellers, realtors and, in most cases, our competitionand, in most cases, our competition
This extensive knowledge and our private This extensive knowledge and our private funding gives us the leverage to pay cash funding gives us the leverage to pay cash and drive bargains and profits for us and and drive bargains and profits for us and our investorsour investors
This advantage is what allows us to pay This advantage is what allows us to pay you the private investors 12% to 14% you the private investors 12% to 14% versus bank CD’s at 4% to 5%versus bank CD’s at 4% to 5%
Contact InformationContact Information
5230 N Broad Street. 5230 N Broad Street. Philadelphia,Pa 19141Philadelphia,Pa 19141
Web Site: www.ronanfunding.comWeb Site: www.ronanfunding.com
E-Mail: E-Mail: [email protected]@ronanfunding.com
Cell Phone: 267-979-9522Cell Phone: 267-979-9522
How Do We Proceed!How Do We Proceed! If you would like to earn 12% or 14% If you would like to earn 12% or 14%
starting today please see me and we can starting today please see me and we can arrange a private one-on-one meetingarrange a private one-on-one meeting
Or sign up today Or sign up today If you have any additional questions If you have any additional questions
please feel free to ask.please feel free to ask. Howard K LongHoward K Long Managing MemberManaging Member 267-979-9522267-979-9522