|Finding a Lender For Co-housing Projects||<– Date –> <– Thread –>|
|From: The Fertile Zone (fertilezoneebox.oo.net)|
|Date: Wed, 1 Jul 1998 02:30:38 -0500|
Someone might be able provide more choices to co-housing groups shopping for a financing institution. I suggest a specific inquiry to DataMerge about how this tool supports co- housing / eco-villiage type financing, before deciding to maintain a single copy centrally to serve everyone who may have a need for it. We are on the DataMerge list, and their original message has been abbreviated below. ------- Forwarded Message Follows ------- From: spencer [at] datamerge.com (Spencer Kluesner) Subject: FYI: MortgageSource 2000 Released Date sent: Tue, 30 Jun 1998 13:58:53 -0600 DENVER (June 30, 1998) -- DataMerge, Inc., a Denver-based developer of software and database information for companies seeking financing, today announced the release of MortgageSource 2000, a CD-ROM-based directory that provides detailed information on lending and investment institutions for hard- to-finance commercial properties throughout the United States. *Out of favor or uncommon property types; *Short turnaround times required; *Special terms, rates and conditions sought; *Financial aspects outside of normal ranges (loan- to-value, debt service coverage, etc.); *Borrower credit difficulties; *Environmental concerns. MortgageSource 2000's content was gathered by finance industry-trained researchers who personally interviewed loan officers, as opposed to the industry standard of data collection, which typically consists of a mail-in survey. "Direct interview data collection provides an advantage in terms of accuracy and quality of information, as well as the ability to screen out listings by firms that although they claim to be lenders, are not really lenders," said Spencer Kluesner, founder and chief executive officer of DataMerge. In addition to custom search software that targets a project's "optimal" lender or investor anywhere in the United States, MortgageSource 2000 contains an extensive commercial mortgage knowledgebase called the MortgageAdvisor. The MortgageAdvisor provides "how to" information that assists real estate professionals in determining a project's financing viability. It then helps the user develop approach strategies and loan packaging that gives the project the best chance of being financed on the most favorable terms. "We felt that a directory of lenders would be much more valuable to our customers if we could show them how to place financing with those lenders -- especially for odd-ball property types and problem properties," Kluesner said. "As with all DataMerge electronic directories, we didn't want to just publish a lender list containing generic financing criteria. MortgageSource 2000 profiles the following types of financing sources: commercial and other banking institutions, conduits, pension funds, insurance companies, retirement funds, private lenders, and investment banks. The program also includes an extensive section detailing the investment criteria and strategies of Real Estate Investment Trusts (REITs). Specific property types that are routinely financed by the lenders profiled in MortgageSource 2000 include: apartments, manufactured homes, farms, ranches, office parks, warehouses, distribution centers, regional malls, outlet malls, strip malls, free-standing retail, day care facilities, hospitals, senior housing, medical/dental offices, hotels/motels, resort properties, parking structures, restaurants, golf courses, marinas, car dealerships, auto repair shops, mini-storage facilities, churches, and raw land. Additional information on MortgageSource 2000 can be found at: http://www.datamerge.com/commercial/mortgages/mortgagesource.html ) or call 800-580-1188 Editorial Contact: Peter Masi MasiPR [at] aol.com (303) 399-6031 -- End of FWD --- The Fertile Zone http://www.geocities.com/HotSprings/4726/ Natural Familily Planning doesn't get any simpler.
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