Closed Loan….Good Example of Our Fund

The deal below just closed this last Friday Feb. 25, 2022. I am sending this to you so you can see real time how our fund works. 

THE DEAL:

Borrower owned a daycare in Las Vegas, NV 

She was an excellent operator with 700 credit, 

She was wanting to buy another daycare that she knew was being poorly run. 

She was able to get the daycare for essentially free, just paying for the property of $750,000. 

Normally this would be an SBA deal.  The borrower had tried lots of SBA lenders and all denied it because she did not have two (2) years of tax returns. She started her daycare in 2020 just before Covid hit. The business not only survived, but her 2021 numbers were great! SHE DID NOT HAVE TIME TO FILE THE 2021 RETURNS AND CLOSE QUICK ENOUGH FOR THE SELLER. Hence, she needed private money. Enter…our fund. 

The deal came in at the beginning of February and had to close by the 25th for the borrower to file for a necessary grant by the deadline of the 28th. We had to close in three (3) weeks. She had enough money to put down so our loan amount was only $462,500 on a $750,000 loan. 

We had everything you want in a loan, low LTV, great credit, good cash flow and once she files her returns, it will be an easy refinance to SBA, which I will facilitate for her. I underwrote the exit strategy and will definitely be able to refinance it to SBA later this year. 

We issued terms, she signed and we ordered all the 3rd party reports-appraisal and title. Meanwhile, we put the loan on the back end portal and three (3) of our investors took up the $462,500.

Everything came back good and we went to closing. Two (2) days before the closing, the three (3) investors wired in their money to the title company. Everyone signed on Friday. The 3 investors each get an undivided interest in the first mortgage deed for the percent of the loan they put in.  If they put in 30% of the mortgage amount, they have 30% undivided interest in the property.  Our investors get 12% and they have the security of a first trust deed on a commercial property to an excellent borrower with a sure exit strategy. 

Very little risk, but a nice 12% return. We found the client, did the underwriting, got everything verified, our attorney drew up all the documents, and closed the loan. 

Our investors-potentially you?-just went in, decided if they wanted to invest, how much, and days before the closing, wired in their money. They have a first trust deed in their name secured by commercial real estate and get 1% a month checks sent to them until we refinance and pay the loan off. At that point, you get your money back and can reinvest it again. Our original investors have been in this for 13 years and they keep churning the money over and over. Solid, proven returns with very little effort secured by commercial real estate to good borrowers. It is very clean and we have proven over time, very safe. NO INVESTMENT IS WITHOUT RISK, but this one has a LOT of checks and balances and has performed in all the crazy market gyrations since 2009. 

To get started, or for further questions, give Brian Peart a call at 770-908-1672 or e-mail me personally at info@nexusfinancial.com.  Check out property below….

The Expanding Man (or Woman)

- By Brian Peart

The expanding man does not limit himself
He does not give in to fear…for fear limits
He does not feed the fires of hate...for hate limits
He does not envy...for that puts a limit on him
He does not boast… his actions do the talking
He does not have time to criticize…he is too busy doing
Instead… He expands…
He loves hard…for love is limitless
He thinks positive…you become what you think about
He sees opportunity everywhere…for opportunity abounds
He is not constricted by money… for he lives on the creative plane where there is
no lack
He works hard
He plays hard
He ignores the haters… his expansion always brings out the haters
He embraces change… for change brings opportunities
He lives in a world where there are no limits…he looks at life with childlike
wonder
And gives thanks to the Lord above for all his blessings.
This is the expanding man…or woman…is this you?
Love deeply my friends…

The 5 Pillars of a Life Well Lived
Here are 5 Pillars that lead to an excellent life. A life grounded and focused and peaceful….I
have been focusing on these 5 things for a couple of years now and they have dramatically
changed my life. I have not perfected any, but I am much further along than I was and look
forward to a wonderful future regardless of what happens around me. If you seek to grow or
improve in these 5 areas, I think you will be richly blessed.

Pillar 1: Love God. You can not take the spiritual aspect of life out of a man (or woman). The
Spirit is life. Starting your day humbly thankful to a loving Heavenly Father has enormously
powerful impact in your day. We are spiritual creatures, it all starts here. Jesus himself said this
is the first and greatest commandment...to love God.

Pillar 2: Love Others. An outward focused life keeps depression away. Seriously, depression
is obsession with self. Go serve in a soup kitchen and see the people there, it is impossible to be
depressed when you are serving others. Do it for them…do it for yourself. You will find more
happiness, joy and fulfillment if you spend most of your days focusing on adding value to others.
And it will be good for business too!

Pillar 3: Rest. A vacation, though nice, is not the kind of rest your life needs. God created a
rhythm, a pattern to man…work 6 days, rest 1. We NEED it for our souls. It is called a Sabbath
but it has been proven to have real health benefits...and it feeds your soul. I take Saturday as my
Sabbath where I do not work, I do only enjoyable things and I have a long, easy morning
communing and praying to God. This once a week ritual has changed my life. I strongly urge
you to try it. Prioritize it. You can do it. If I could do it back when I had 6 kids living with me,
3 ministries to serve, husband duties, etc. then you can do it too… you won’t regret it!
 

Pillar 4: Work. We need to work. We need to have a place where we ply our trade or for the
homemaker, a house to turn into a home. Not only do we need it for income and to live, we need
it for our health and well being. People who retire and truly stop working age rapidly. It is not
good, we were created to work. And once you embrace it with the right heart, even a miserable
job can become enjoyable. I didn’t want to be a Loan Broker, but it has blessed tons of people-
including ME!

Pillar 5: Good Works. This is applying your unique talents and gifts to serving others. All of
us have gifts, the Bible lists them in multiple passages, things we just seem to do well without
trying. Some our natural leaders, some teachers, some are great at exhorting, some have
incredible discernment, some have the gift of empathy or hospitality. Weaving these things into
serving others gives you true fulfillment, you are being used up, you are living as your best self.
This is where we arrive! Look inward and reflect and seek out what your unique gifts are and
then be ready and open to use them wherever a door opens up. And they will open up. The
world NEEDS your unique contribution…Get living!!!!

Brian