Record Fall

I've been bad about posting here, but this is because we have had a very busy Fall.

The most closings have occured with private money, most under 200K, and most around 12%. However we were able to help secure 500K for one client at 6.5%, with a credit union, and a 1.7M funding last week with a local bank, (5.5% locked for 5 years), so the conventional side is still possible, but the deal does have to be very strong to get done.

We are up at bat now with several equipment financing and re-financing projects. From 75K to 750K - I will let you know how they go. We recently were accepted into a national association (NAELB - National Association of Equipment Leasing Brokers), which has been a wonderful way to get connected with direct lenders for folks who need to get some equipment financed. In case you haven't noticed, banks aren't exactly falling all over themselves to do that kind of thing.

As I contemplate the upcoming holidays, with the year drawing to a close, I must admit that I do have a great deal of satisfaction; we have been able to help many people who came to us, and believed in us. A lot of the things we do just can't be done any other way, and in many cases the successful closings had a profound effect on people's lives. What a neat way to support my family. I have many things to be greatful for this Thanksgiving. Here's wishing you and yours the same!