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© 2013 by Re Investors 126 LLC

An Alternative to Conventional Bank Loans

 

Thank you for your interest in Re Investors 126 LLC.

We are private corporation (FHA-approved) and also, a corporate financial for real estate and any kinds of business financing. We are into all kinds of Un-secured legitimate loans such as Business loans, Personal loans, Auto Loans, commercial loans, real estate mortgage loans, business transaction financing… etc. Interested personnel with a good credit history are always rewarded with great rates and affordable terms in accordance with the loan balance inquire by our prospective clients. 

 

We pass the cost savings to interested borrowers Nationwide in the form of lower rates and investors in the form of attractive returns. We’re transforming the banking system into a friction-less, transparent and highly efficient online marketplace, helping people achieve their financial goals. 

 

 

Loan terms and Conditions*

 

The following Borrower Agreement ("Agreement") is between you ("you" and "your" mean each and every borrower, including any joint applicant/co-borrower) and the Lender. This Agreement governs the process by which you may make a request or requests for a loan from us or through an affiliates, including any subdomains thereof, or other application channels offered by us (collectively, the "Site") and operated by Re Investors 126 LLC.. If you make a loan request, and if that request results in a loan that is approved and issued by us, then your loan will be governed by the terms of the Loan below, and as it may be revised from time to time. The version in effect when you make a loan request will apply to any loan made in response to that request, and any secondary loan would be governed by the terms of the document then in effect.

 

We work with individuals, small, medium, and large-scale businesses to help them either get started or expand into new territories.

*Subject to approval. Certain conditions apply.

The following sets out the rights and obligations between you and this firm.

 

Definition

 

1.  Loan Limit

Every loan request/Inquiry will be attributed a grade ranging from minimum $20,000.00 to maximum 75,000.00 United States Dollars personal loan, maximum $15,000,000.00 United States Dollars project funding for Entrepreneurs/Business Groups and maximum $50,000,000.00 for governmental approved Project (construction loan) funding with a related interest rate and payback duration timing.

 

Loan Balance (US$)            Min-Max Duration Period            Annual Fixed Interest Rate         Balloon Interest

 

10,000 – 75,000                   6month – 180month                     7.00%, Negotiable                               6.00%

75,100 – 15,000,000            6month – 300 month                     5.00%, 6.00%, Negotiable                 5.00%

15,000,000 -25,000,000         6month – 420month                      4%, 5.00%, Negotiable                    4.50%

25,000,000 and above            6month and not exciding 35 years duration

 

 

 

2.  Required documentation for approval

It may seem that the board of directories will needs to know everything about an individual/business owner for the application, but actually all that we need to verify is your employment, financial life and information about the purpose of your loan request before a Borrower can be pre-approved. You will, however, need to provide quite a few details about these requirements. The goal is to arrive at a repayment you can afford without creating financial hardships. Here's an idea of what we consider during the loan proceeds:

 

For Personal Loan Request, we will need;

 

  • Your household income and expenses

  • employment history (If employed)

  • Personal Background information and

  • Your credit score ; if poor, fair, good or excellent

 

For Business Loan Request, we will need;

 

Personal Background: Either as part of the loan application or as a separate document, you will probably be asked to provide some personal background information, including previous addresses, names used, criminal record, educational background, etc.

 

Resumes: Lender will require evidence of management or business experience, particularly for loans that are intended to be used to start a new business. So therefore Borrower is likely to get such information ready before underwriter’s review.

Business Plan: All loan programs require a sound business plan to be submitted with the loan application. The business plan should include a complete set of projected financial statements, including profit and loss, cash flow and a balance sheet.

Business Credit Report (Only applicable for existing business): If you are already in business, you should be prepared to submit a credit report for your business. As with the personal credit report, it is important to review your business’ credit report before beginning the application process so that a best repayment schedule will be analyze.

 

Income Tax Returns: Most loan programs require applicants to submit personal and business income tax returns for the previous 3 years.

 

Financial Statements: Many loan programs require owners with more than a 20 percent stake in your business to submit signed personal financial statements. You may also be required to provide projected financial statements either as part of, or separate from, your business plan. It is a good idea to have these prepared and ready in case a program for which you are applying requires these documents to be submitted individually.

Bank Statements (Existing Business only): We require one year of personal and business bank statements to be submitted as part of a loan package.

 

Legal Documents: Depending on a loan’s specific requirements, your lender may require you to submit one or more legal documents. Make sure you have the following items in order, if applicable:

* Business licenses and registrations required for you to conduct business

* Articles of Incorporation

 

3.  The Loan

The Loan If I accept this contract, I will lend you the amount of credit you have offered to borrow. This amount is stated on the contract under “Total Amount of Credit”. You authorize me to distribute the loan in the way set out under “Who I will pay your loan to” this could be the same day. The total amount, including interest which you will have to pay is set out under “Total amount of repayments”.

 

4.  How is interest calculated?

I calculate interest payable by you by applying the daily percentage rate of interest to the unpaid daily balances under this contract. The unpaid daily balance is the amount you owe me at the end of any particular day (Pacific Time), and is the difference between all amounts credited and all amounts debited to your account at the end of the day on any particular day. The daily percentage rate is determined by dividing the annual percentage rate by 365.

This interest accrues daily and is debited to your account calendar monthly in arrears immediately after the last day of each calendar month. If you payout all the monies owing under this contract, then interest for the period from the last debit date up to but excluding the payout date will be debited on the payout date. Under this contract, accrued interest debited on a day will not include interest relating to that day.

 

5.  Repayment

You must repay the Total Amount of Credit plus the interest charges either weekly, monthly, semi-annual, Quarterly, Annual or Balloon repayments. The amount of each repayment is stated under “Amount of each repayment”. You must pay the first repayment on the date stated under “Repayments”. After that, you must pay a repayment on the same day of each following month. You must make the number of repayments stated under “Number of repayments” for the period stated under “Period of repayments (loan term)”, and pay the balance owing under this contract on the date the final payment is due. You agree not to deduct anything from any such repayment. This means you cannot deduct anything that you claim I owe or could in the future owe you.

You must make payments to me by any of the following methods;

i) In person, at my address shown on the front of this contract document

ii) By direct debit bank transfer

iii) By telephoning my office with your credit card details

iv)Western union/money gram

 

 

6.  Security/Loan Cost

Security provision cost is handled by both lender and borrower. The Lender is subject to the repayment insurance which this fee will be deducted from the principal loan amount. The insurance covers the repayment obligation on your loan to the extent agreed upon in the contract in the event of you becoming unemployed or incapacitated for work.

Borrower is subject to the Origination cost. This origination fee is been charged by the lender to cover the costs of making the loan which is tax-deductible. We have origination point value ranging from 0.3% to 5.0% total loan value (Principal loan Balance) pending on the loan type.

 

Note* Borrower is subject to make deposit of the origination fee only if he/her loan is finally approve by the Lender.

Borrower agreed to pay above fee on the condition that his/her loan is fully approved by Steven, Nancy Ann Finance Organization of which loan fees are paid to a notary agent whom in turn will process this loan. The duty of the title agent is to deter fraud and prevent forged signatures on the loan documents and vital records on closing. On approval, lender will wire the loan approved credit to the appointed title agent on trust where you the borrower is also require to transfer or deposit the loan fee (i.e. the loan origination fee) to the same agent on trust so that the agent could perform the notary rights before loan credit is finally release to borrower’s designated bank account.

The duty of this agent is similar to that of escrow agent but the difference is that the notary agent access money sent by borrower and lender to perform his/her notary rights while escrow entity hold money in trust for a third parties while a transaction is finalized. The title agent needs this money since you confirm that your loan type is not “non-recourse” and there have to be filing, appraisal, and repayment insurance of which all these must be authenticate by the notary entity.

 

How do I know if my loan is approved?

On closing;

*There will be a commitment letter directly from Lender to Borrower confirming full credibility of funding the approve loan credit

*The Loan Contract Agreement

*A wire transfer receipt to proof lender already fulfill his obligation by entrusting the loan amount to the appointed title agent who is to handle the loan processes and

*A payment invoice which detail instructions on how to make the origination deposit [please note that this fee is paid only if above documents gets to you].

 

 

7.  Commissions paid to or by me

A commission is payable by me under “Who I will pay your loan to” to me, and to the sales consultant named on this contract. The amount of commission payable is unascertainable as at the Disclosure date of information. A commission is payable to the company named under “Who I will pay your loan to” by me for the introduction of credit business. The amount of commission is unascertainable as at the Disclosure date of information.

 

8.  Things you must not do

You must not;

i) commit an act of bankruptcy; or

ii) fail to pay me on time any money you have to pay me under this contract; or

iii) pay any repayment/s with a check, direct debit or other instrument that is subsequently dishonored by a bank; or

iv) fail to comply with any condition of this loan contract; or

v) make any material false or misleading representation.

 

9.  I may end this contract in certain circumstances

I am entitled to give you a written notice requiring you to correct any default of this contract. If you don’t do the things specified in the written notice within 30 days I can require you to pay me whatever money you owe to me under this contract. The money you owe to me includes the unpaid balance of the loan, any other accrued interest, any fees and charges due and owing and any enforcement expenses. If the law does not require me to do so, I do not have to give you a written notice before I can require you to pay me whatever money you owe to me under this contract. In addition, subject to the Consumer Credit Code, I may exercise my other rights under this contract, and any right available to me under law.

 

10. Default

Having followed the terms of the Consumer Credit Code, 1995 and without affecting my right to demand repayment at any time, I repayment if any of the following happen (defaults): if you fail to pay any money you owe me on the date it is due and this failure last for more than 30 days after I have written to tell you that the amount is overdue; if you break any of the terms and conditions of this agreement and you do not resolve the position within 30 days after I have written to tell you to do so;

if you or your guarantor die or do something which could lead to bankruptcy;

if your guarantor serves me with a notice that he or she will no longer act as

your guarantor

if any decree, judgment or order of court is obtained against you and you do not pay it within one month from the date it was issued;

if any information supplied for or by you in application for the credit facility was false, misleading or inaccurate;

if you do not provide me with the security within 10 days after I have written to ask you for it or within any extra time I may allow; if the security is also security for other money you owe me (or any of our subsidiaries) and the security becomes enforceable to pay any of the other money.

 

11. Enforcement expenses

Enforcement expenses may become payable under this contract in the event of a breach. I may debit these expenses to your account. They will become immediately due for payment once debited. Enforcement expenses may include solicitors’ legal costs and the reasonable expenses of my staff and my facilities incurred in relation to any enforcement.

 

12. Change of circumstances and address

You must tell me promptly if you change your residential or postal address, or if you think there is any information that I should be aware of about your ability to comply with this contract.

 

13. Notices

Any notice or demand given by me under this contract or required by law may be given in writing, can be signed by any of my officers, and can be delivered personally or by email to the address you have nominated for delivery of notices, or if no such address has been nominated by you, your email address as last known to me. Any such notice or demand shall be deemed to have been received by you when it would have been delivered in the ordinary course of post.

Borrowers should be informed that we do not take out the Loan RAL service charges from the capital loan amount due to a hard insurance policy.

 

14. Joint and several liability

If you are two or more persons, your obligations as debtors are both joint and several.

 

15. Date of Contract

This contract takes effect on the date that I accept your offer to borrow.

 

16. Termination of Loan

16.1 may, at any time after any amount of the Loan granted to the Borrower is cancelled by the Borrower or deemed by us to be cancelled resulting in the net loan amount of the Loan being reduced to less than $100, terminate the Loan by notice to the Borrower, in which event all obligations and liabilities there under shall become immediately due and payable.

16.2 Notwithstanding any other provision in these Terms and Conditions, in the event that the each bi-monthly installment payable by the Borrower under the Loan is less than ($100 for any reason what so ever, I may at any time thereafter terminate the Loan by notice to the Borrower, in which event all obligations and liabilities there under hall become immediately due and payable.

 

17. Assignment

I may deal with, assign or transfer to any person or company any of my rights and interests under this contract.

 

18. Consumer Credit Code and other laws

To the extent that any provisions or parts of this loan contract are inconsistent with the Consumer Credit Code or other laws, they will be deleted so that the rest of the contract shall remain valid and enforceable. All disclosures under this contract are made on the basis of assumptions permitted by the Consumer Credit Code.

 

19. Information

The Borrower shall supply us immediately upon request all requested details, information, materials, and explanation (except information of a proprietary nature) regarding the operations and finances of the Borrower as may be reasonably required from time to time.

 

20. Governing Law

The Loan shall be governed by and construed in accordance with the laws of the jurisdiction in which the Borrower carries on business.

 

FACTS

WHAT DOES RE INVESTORS 126 LLC DO WITH YOUR PERSONAL INFORMATION LOAN FILE?

Why?

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us. This information might include:

  • Social Security number and transaction history

  • Account balances and payment history

  • Credit history and credit scores

When you are no longer our customer, we continue to share your information as described in this notice.

How?

All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Re Investors 126 LLC chooses to share; and whether you can limit this sharing.


 

The entire process is online within the interval of 2-weeks funding with is effective from the day a letter of Intent (LOI) concerning a loan file is sign by all parties (Borrower and Lender).

If the above terms and Conditions meet your need then kindly write back so as to enable us proceed further.

 

Electronic Transactions: THIS LOAN BUSINESS IS FULLY SUBJECT TO YOUR CONSENT TO ELECTRONIC TRANSACTIONS AND DISCLOSURES, WHICH CONSENT IS SET FORTH IN THE TERMS OF USE. YOU EXPRESSLY AGREE THAT THE NOTE IS A "TRANSFERABLE RECORD" FOR ALL PURPOSES UNDER THE ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT AND THE UNIFORM ELECTRONIC TRANSACTIONS ACT

Executed as a TERMS & CONDITIONS:

 

Executed for and on behalf of

RE INVESTORS 126 LLC

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