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Popular Commercial Lending Group 10808 S River Front Parkway Suite 353 South Jordan UT 84095 888-950-9339 Darin Young, President firstname.lastname@example.org www.popularcommercial.com Executive Summary Popular Commercial Lending Group (PCLG) is a well established, Salt Lake City based commercial lending group expanding into a nationwide, brick and mortar commercial lending company through strategic joint venture partners opening physical office locations by state. Mission Statement Popular Commercial Lending Group (PCLG) is committed to offering innovative, competitive and timely commercial loans direct to the borrower. We provide honest and fair financial solutions while striving to be an industry leader. Business Description and Vision Popular Commercial Lending Group was formed in March of 2008 as a corporation and has operated as a nationwide commercial lending group through a national advertising print and direct mail campaign. The recent financial crisis in 2008 combined with the mass closure of local banks across the country has created tremendous opportunity for national lending groups to penetrate local markets. PCLG is now seeking the opportunity to open local offices by state through strategic joint venture partners in an 80/20 ownership structure with PCLG remaining as a 20% owner. PCLG provides the following: • Licensing and entity formation • Legal • Daily operation documents and forms • Training • Wholesale/Retail investors for all commercial loan types • Life of business support as markets change • Complete turn-key commercial loan company Our prospective partners provide the following: • Office space in existing business or executive office space • Office furniture and equipment • Start-up operating capital • Minimum of one full-time employee to focus on originations Loan Programs Agriculture Loans • AG loans nationwide with rates starting at 2.95% ARM 4.95% 5 year fixed • Ranch, Vineyard, Orchard, Farm and other income producing land • LTV's to 70% and closing in 30-45 days • Loan sizes from $1 million to $20 million • 15 year terms with 25 year amortizations with no prepayment penalties Distressed Hospitality • Flagged and non-flagged hospitality acquisition, joint venture, construction completion and repositioning • Distressed debt renegotiation and restructuring • Target deal size $5 million to $20 million • Target markets include the U.S. and Select International Markets Commercial and Multifamily Loans • Multifamily permanent loans with rates starting at 5.5% • Apartment rehab loans with rates starting at 10% • Closing in 30-45 days • Loan sizes from $1 million to $25 million • LTV's to 80% with Joint Venture financing available to 100% LTC Flagged Hotel Loans • Budget flagged hotel financing available with rates starting at 6.0% • Stabilized or un-stabilized • Closing in 30-45 days • Loan sizes from $1 million to $10 million • LTV's to 80% with Joint Venture financing available to 100% LTC to $50 million Residential and Commercial Construction • Construction lines of credit to $3 million for ground up or construction completion • LTC's to 70% for infill locations • Closing in 30 days, 10-12% interest and 1-2 year terms • 650 fico minimum Church Loans • Church loans available nationwide with rates starting at 6.875% • LTV's to 75% • Closing in 30-45 days • Loan sizes from $1 million to $10 million Joint Venture Development to 100% LTC We have investor capital available for Retail, Office/Medical Office and Industrial projects in major metro areas with a minimum transaction size of $25 million at 100% LTC structured as follows: • Development management agreement with development fee and back end income • 30-35% equity priced at 10-12% preferred return with debt priced at Libor + 300-400 bsp (non-recourse) • Strong development track record • Build to suits only with no spec Hard Money Bridge Loans • Bridge rates starting at 9.9% • Terms from 1 - 3 years • Closing in as little as 7 days • Loan sizes from $1 million to $20 million • LTV's to 75%(higher LTV's available with Joint Venture Capital) Property Types • Multifamily and Multifamily rehab • Hotel/Motel budget flagged • Retail/Office/Industrial • RV Park/Mobile Home Park • Development/Construction • Senior Care/Adult Care/Medical and Dental • Church • Resort • AG land including Farm, Vineyard, Orchard and other income producing land We DO NOT lend on single family residences. Capital Sources PCLG uses the following sources of capital for loan funding: • Private Investors • Mortgage Banking Relationships • Correspondent Relationships • Institutional Investors • Joint Venture Private Capital • Private Equity Funds • Trusts Organization and Management PCLG is providing a complete, turn-key commercial loan company in an 80/20 joint venture ownership structure in a specific state to be managed and operated by our operating partner. PCLG handles all licensing and legal fees. Marketing Strategy PCLG is nationally branded and continues to invest in national advertising on a monthly basis. Local offices will seek borrower direct business through local relationships, events, conferences, trade shows and local marketing. Compensation Compensation on commercial loans is usually 1% of gross loan amount with target loan sizes primarily in the $1-5 million loan size range. Example: $5.0 million gross loan x .01 = $50,000 Gross Loan Income $1.0 million gross loan x .01 = $10,000 Gross Loan Income Financial Management Our operating partners manage the financial affairs of their office including monthly P&L, payroll and annual tax returns with these expenses included in the office P&L. Cost $30,000 which includes the following: • Licensing and entity formation • Legal • Daily operation documents and forms • Training • Wholesale/Retail investors for all commercial loan types • Life of business support as markets change • Complete turn-key commercial loan company Principals PCLG was founded by industry veteran Darin Young. Young brings 19 years of residential, commercial, consumer finance & hard money bridge lending experience to the company with a background which includes Norwest/Wells Fargo, First Option Mortgage (original founder 1996) & small, private origination firms. Young acts as President and CEO for PCLG. Young graduated from Brigham Young University with a B.S. Business Management degree with an emphasis in Finance/Marketing. Legal Counsel PCLG uses Snell & Wilmer L.L.P. in Salt Lake City, UT for all legal.
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