Get A Real Estate Loan

 6 Key notes when requesting a real estate loan:

1. The reason for the loan is important. Provide an economically sound reason for the loan. We want to believe that the security for the loan will be economically sound and that the income projected is realistic. The believability of your projection is dependant upon the quality of your investment team and the conditions of the real estate market. Every detail provided is helpful, as your prospective lenders are in Germany and have no way of knowing about your venture other than the details you provide.

2.Each type of loan we have will have its own criteria that we will insist that you clearly document. A project appraisal is usually needed which will show all of the comparative properties in the same market ares, as well as a history of other existing and future planned development that may impact your project.

3.(Commercial loans)...Commercial loans have different pay - back terms and interest rates, because of the nature of the transaction.                                                                                                                    (Acquisition Loans)...The loan committee will rely very heavily on the property appraisal when considering acquisition loans. This establishes the loan to value ratio, which is a more difficult ratio in single family homes or apartment buildings because some lending regulations may establish different payback terms and interest rates the closer the loan gets to  the property value. (Construction Loans)...With construction loans, when the development part of the loan kicks into high gear, the construction starts. The construction loan is tied to a series of loan draws. What this means is that as the construction progresses, the borrower is allowed to submit requests for a draw against the total loan commitment to the project at a certain stage of development. Also,  Clyde VanBarrel will retain a certain amount until the conclusive draw, which is generally after the certificate of occupancy has been given.

4. (Income & Expense projections): Income and expense statements are a record of a past period of income and the expenses that occured during that period. This is an estimate of what the future will bring for any new venture, building, or development. These projections are important for new projects and re-development of old projecs. So, if you are buying an existing office park that needs a lot of work, then borrow based on what the income and expense will be when the work is finished. You must project the end results showing in great detail how you plan to achieve that increased level of income. As for new developments,there is no existing history of income or expenses, so you must provide us with a realistic projection of the properties future income and expenses.

5.No loan officer for the Clyde VanBarrel investment team has ever had their name associated with a bad loan that ended up in a foreclosure.  This happens when the loan committee has turned down the loan request or has sent the loan officer back to re-negotiate the terms of the loan request after the borrower has had difficulty keeping his or her payment agreement. Please help us maintain our level of excellence.   

6.(Residential loans): We offer mortgage loans for the purchase of residential real estate. We have lending institutions working with us all over the world who are willing to fund the purchase of your property even with little, bad, or no credit at all. In most cases, a verification of your employment is your credit.

(Each family pictured volunteered to be included as testimonials for the Clyde Van Barrel  real estate loan program. All pictures were provided with permission.)

Melissa Mcstealy moves her own family  into a new 5 bedroom "Phoenix System's" home with a mortgage loan from Clyde Van Barrel.

Carl Depaul & family form the "Van Barrel" pyramid after moving into a brand new 5 bedroom home with a Clyde Van Barrel mortgage loan.

For the purchase of commercial real estate, or "investment" properties, we also offer loan programs. We have a network of lending agencies who are able to fund your real estate ventures from $100,000 to $10,000,000. We are also able to fund the following types of loans; Venture Capital, Commercial Finance, and Real Estate loans for immediate funding,standby,and construction loans.Be sure to provide as many details as possible when requesting a commercial loan, as your prospective lenders are in Germany, and have no way of knowing about your venture other than the details you provide.  The reason for your loan is important. Clyde Van Barrel always tries to ensure that the security for the loan will be economically sound and that the income projected or reported is real and realistic. When providing these details, you either demonstrate that you are the kind of person or company that would be a good loan risk, or you enlist the help of friends or business acquaintances to assist you with the approval of your loan application. In most cases, a descent line of credit and/ or a real estate property greater than or equal to the loan amount is necessary for approval, however there are some  substantial loans approved for investment purposes where the borrower had a GOOD BUSINESS PLAN, and credit is not always a major issue!!!!!

If you have only 15% to close, can't prove a projected income, or your credit score is  650 or higher, we can secure your funding. Blemished credit ratings may have a somewhat higher interest rate, with a prepayment penalty of 5 years, and an application & appraisal fee may be required.

All loans are assumable, your loan can be secured in as little as three weeks, with a 90% LTV and 95% CLTV. The minimum loan amount is $100,000 on commercial loans for purchases and refinances.Send email to trustearkon@yahoo.com  for additional info.

Tom Bowens & family move into a new 5 bedroom home with a Clyde Van Barrel mortgage loan. 04-20-2001.

Carol Gigar & family move into a new 4 bedroom home with a mortgage loan from Clyde Van Barrel.

Refinance   Lower payments, Lower Interest rates, Convert to fixed rate, Debt consolidation, Get out of land contract, Get cash for investment, Purchase vacation property.

Equity Loans  Pay off your debts, Home Improvements, Credit Lines, Money for any reason using up to 100% of the equity, 125% equity loans with good credit.

Manufactured Mobiles  Single or Double wide, Land Packages (Any improvement Paid Out Of A Loan)

Do You Have, Credit Problems? Bankruptcy? Foreclosure? Liens & Judgements? Charge Offs?

Do you need,  Multi Unit? Commercial?  Raw Land?  Mixed Use?  Condos?

We Can Help!!!