Current Financing Programs 

No Qualifying In-House financing is always available from Active Finance Group, L.L.C.. These products are available both on Properties offered for sale by buyazforeclosures.com or ANY OTHER property that our Investor Clients would like to purchase, including Trustee Sale properties, HUD properties (contact AFG for state availability as AFG does NOT table fund), preforeclosures, Short Sales, Bank REO’s, distress sales, partially completed construction, land, rolling options, Fire “burnt out” properties, Commercial properties, purchases out of bankruptcy, partially destroyed properties, or just about any other real estate asset that is being acquired at a below market price.

Funding Timeframe:
AFG DOES NOT GUARANTEE A FUNDING  DATE OR TIME. We make a concerted effort to move funding packages through our system as quickly as possible. At times, based upon deal flow, funding may be delayed past our typical timeframe. We have funded loans the same day with proper advance notice. This activity is generally limited to properties purchased at Trustee Sales where a policy of Title Insurance is not required. Loan requests are typically funded within (4) business days, assuming we do not have any unforeseen delays.

Common events that could delay the timeframe:                                                              

Table Funding:
AFG does NOT table fund. This is most likely to occur on HUD properties. They require the lender to wire funds BEFORE documents are sent. AFG requires ALL documents, per our lenders instructions, to be sent to us PRIOR to loan funding. We will accept a faxed copy to send funds but we must receive originals next business day.

Assignment Fees:
Assignment fees are reflected on the HUD as an assignment fee and not the purchase price. AFG lends towards the purchase of the property and will not include the assignment fee as part of the purchase price.  

Funding terms / payment:
Properties purchased from other sources and funded by AFG:

Vacant or occupied properties: Option or Deed of Trust security agreements are to be executed at the time of funding. The Buyers contribution is due and payable at the time of funding

Pricing:
Borrower equity requirement will vary from transaction to transaction

5% down payment - VERY FEW LOANS FALL UNDER THIS CATAGORY
10% down payment - THE MAJORITY OF OUR LOANS FALL WITHIN THIS CATAGORY
15%(+) down payment - MAY BE REQUIRED ON SOME PROPERTIES

*Jumbo loans ($400K or larger) may require more than 15% down. This is determined through our evaluation and approval process.

The amount of Equity required by the Borrower will be determined on a deal-by-deal basis, based upon our underwriting guidelines. We do not use a standardized Loan to Value ratio. We look at each potential transaction on its merits.

Personal Guarantee: All AFG funding commitments require that the Borrower provide a "top 25%" personal guarantee on the total loan commitment amount, including all funds deployed at loan closing AND any committed future draw funds. If the Borrower is an entity (Limited Liability Company or Corporation), then the Guarantor must be and individual. If the Borrower is an individual, then the Guarantor can be a 3rd party individual.

Interest Rate:
22% per annum, INTEREST ONLY, paid monthly in advance with the first month payment being due at loan funding.

Interest Payments - Default Interest Reserve:
Interest payments are due monthly, in advance. Interest for the first 30 day period is paid at loan closing. In addition to the first month's interest, a "Default Interest Reserve" will be paid by the Borrower at loan funding in an amount equal to two (2) months interest payments. This reserve will be held, or applied to Borrower obligations at the sole and absolute descretion of Lender. In the event Borrower complies with all terms and conditions of the loan the reserve will be credited to Buyer at loan payoff.

Pre-payment: 30 DAY PRE-PAYMENT PENALTY
If loan payoff is received within the first 30 day period after loan funding, a minimum of 30 days of interest will be due and payable as a part of the loan payoff. (Loans exceeding $450K may require a 90 day pre-payment penalty).

Term:
Loan maturity - 6 months (180 days). Extensions can be negotiated at time of loan maturity (NEVER guaranteed) on a case by case basis. For more information regarding extensions, please contact Dana Johnson 602-252-1155 Ext: 142 or directly 602-443-6150 or via email, djohnson@activefinancegroup.com.

Pre-Approval Letters:
AFG will issue generic, non property specific, pre-approval letters to help when you submit your offers. To request a letter please email the borrower's name, address (NOT the property address) and the amount you would like to offer to jdelnero@activefinancegroup.com. Please allow 24-48 hours to process.

Maximum loan amount:
Unlimited

Maximum number of loans to a single customer:
Unlimited

Qualification Procedure:
None, we underwrite our loans based upon the value of the asset only, we do not consider the Borrowers financial condition.

PROPERTY INSPECTIONS:  AFG REQUIRES INTERIOR ACCESS TO PROPERTIES BEING SUBMITTED FOR FINANCING. APPLICATION WILL NOT BE PROCESSED AND LOAN APPROVALS WILL NOT BE ISSUED UNTIL THE AFG REPRESENTATIVE HAS FULL ACCESS TO THE INTERIOR OF THE SUBJECT PROPERTY.

Information necessary for a funding commitment:

• Name of the Borrower, address, telephone number, cellular number, fax number, e-mail address
• Tax parcel Number of the subject property
• Address of the property
• Name of the Seller
• Date of proposed funding
• Dollar amount of loan request
• Purchase Price                                                                                 

Information presentation:
To apply for a loan please submit an application on our website, http://www.activefinancegroup.com/. If you have not yet set up a username and password, you will need to do so before accessing the application. In the event you have any questions, concerns or need assistance with log in information or application submission please see contact us for an associate who can help.

Thank you.