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Sovereign Capital LLC - Real Estate Directory

 

Sovereign Capital offers a land financing program for land developers who sell land to end consumers. This land financing program offers developers an opportunity to strengthen and improve liquidity, by selling land with easy owner financing through the Purchase Facility Program. This program also affords developers the benefit of cashing out their real estate receivables, or cash flows, at closing. All real estate receivables, including deeds of trust, mortgages and land contracts, will be considered for evaluation and purchase through our retail land sales financing program. However, only domestic real estate receivables created from property sold in the United States, can be considered for purchase through this program. Further, this retail land financing program is not offered for hard money bridge loans. Land developers who use the Purchase Facility Program, can sell land to end consumers with attractive owner financing, with as little as 5% down. Our funding source offers up to 95% financing to these end consumers, while purchasing the new real estate receivables from the developer, at closing, with no discount. All closings are done in the developer's office, saving the borrower the task of looking for, and trying to qualify for bank financing. The developer keeps 84% of the sales price at closing, and receives a full refund of the reserve, which is paid back quarterly. His total return is 98% of the sales price of the property. Credit approvals are made within 24 hours, and closings are done quickly in the developer's own office. Funding is completed within 48 hours of submission of all documentation. The funding source handles all collections and services all receivables. No appraisals are necessary.

 

Address: Sovereign Capital LLC. P.O. Box 748. Matthews, N.C. 28106
Telephone: 800-320-7138
Fax: 800-320-7139
Website: http://www.sovereigncap.com/