With Las Vegas projected to experience rapid employment growth over the next several years, we feel that Spectrum will attract a high-quality tenant base looking for a luxury living experience." Spectrum was built in 2010 and consists of 14 three-story buildings situated on 9.78 acres. Rental offerings include a range of one-bedroom, two bedroom, and townhome floorplans, with one-bedrooms accounting for 43%, two-bedrooms accounting for 15%, and two-bedroom townhomes accounting for 42% of the total unit mix. The community offers tenants a robust amenity package including a resort style pool/spa area, fitness center, a clubhouse with business center, and a picnic area with barbecues. The unit interiors are designed with open floorplans and modern finishes. Bascom plans to implement a modest renovation program to further enhance the interior finishes and build on the existing amenity package. About Bascom: The Bascom Group, LLC ( http://www.bascomgroup.com ) is a private equity firm specializing in value-added multifamily, commercial, non-performing loans, and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, increasing revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management.
You see, when a borrower is unable to offer sufficient collateral to cover a loan or provide an assurance that the loan will be repaid in full, he may be required to seek a form of “insurance,” a loan back-up or support, to cover the loan in the event of default. Application and approval can also be daunting — you’ll need to complete a slew of paperwork, put up to 30% down, and possibly wait a few months to see any money. Want to learn more advanced techniques about the various shrewd and more creative credit enhancement tactics? Our on-line application for small business loans can give you the cash you need — quickly and easily — from $5,000 to $500,000, over 3-36 months. With DZ Business Lenders, you don’t need to have a certain credit score or put your personal guarantee on a business loan. Lenders look at your credit profile as a way to judge what you’ll do in the future, so if you have a poor credit history, you’ll likely need to explain any extenuating circumstances that contributed to your poor profile. Unsecured - No collateral required. All you need is a computer, some time, and some energy to consistently write. In fact, many entrepreneurs will likely wince at the same thing: the documentation. Business loans require security collateral, good credit and a long business history.
The SBA also can refer businesses to free counselling canters to improve their performance. We understand that every business has its unique borrowing needs. Aside from the SBA — which has a guarantee program for well-qualified start-ups — there typically aren’t many loan options for a start-up. I was seeking 70k-100k in funding mainly for a renovation but also a little for working capital to take my business to the next level. See, those who put up this kind of money become part owners of the business. Most small business owners will be required to give a personal guarantee when applying for a small business loan.