We specialize in providing hard money real estate loans for fix and flip projects in New Jersey, New York, Pennsylvania, Connecticut, and 36 other states. Investors often feel more comfortable working with brokers and rely on them for guidance. We understand the key role brokers play in the mortgage lending world.
Frequently Asked Questions
Do I need any experience in the financial industry???
You do not need any experience in the financial industry. We will train you and offer lifetime training & support. There is no way anyone can learn this industry in 7 days or 15 days.
How do you help me grow my business?
All partners go through a in depth training and your employees if you decide to have anyone work for you. We also will be providing Digital Marketing for your business and Live generated leads. A mentor will be assigned to you once you complete your training for any business transaction questions etc.
Depending on which package you move forward with, our partners will have access to our top-of-the-line software, dialing system, marketing material, and custom website/logo.
Do I need an office space?
No, this is by choice. Once you are licensed you will have use of the national bank/lenders' office, permitting there is one in your area.
How and when will I get my health & dental benefits package?
Once you have passed your mortgage certification, the mortgage company that you are sponsored with will allow you the opportunity to enter into their company’s benefits package if you choose too.
Is SMG Financial regulated? How is SMG Financial monitored?
SMG Financial does not have to be monitored and no we do not have to be regulated. The Banks and lenders that you will be working with closely are monitored and regulated by State and Federal.
What kind of products & services can I offer?
Residential: Conventional Purchase or Refinance, FHA Purchase 3 1/2 % Down payment program, FHA streamline refinance, 203k rehab, VA, Reverse Mortgage, USDA and more programs.
Business: Startup, Expansion, Hard Money Loans, Merchant Cash Advances, Invoice Factoring, Equipment Leasing, SBA Loans, 401k financing, Gas Station Financing, Construction, Accounts Receivable Financing, Factoring, Franchise Financing, Medical Practice Loans, Working Capital Loans, Bridge Loans, Asset Based Financing, Structured Settlement and Annuity Financing, Venture Capital, Hotel Financing, Commercial Development Financing, Commercial Real Estate Financing, and many more loan programs.
How does SMG Financial make their money?
SMG Financial makes their money by getting you sponsored with a bank/mortgage company (onetime fee). We are basically Guarantee the bank that you will be productive on the residential side.
Loan commissions on the business/commercial side are 100% to you. Unless you put loans through SMG Financial which would lead to an 80% to you and 20% to SMG Financial.
$24,000 seems like a lot of money for your Emerald package.
A lot of times, before actually attending our class, people might not bring this question up when speaking to us, but we certainly know that this question has crossed your mind. Yes, we do agree that for most people $25,000 is a lot of money. We get it! Our intent in addressing this concern is to simply highlight some facts that most people don’t realize about our program until they complete our training.
Let’s first look at the fact that starting any real legitimate business takes capital or an investment to start. You would be hard pressed to start any business for under $20,000 if you take into account the materials or inventory you might need, getting a website (which you absolutely need these days), legal fees, a marketing budget, a space to conduct business out of, and labor or help to operate the business depending on certain factors. Now if one gets into a franchise arrangement you have these costs plus the franchise fee (which could be $49,995 and up) and now you have to pay royalties on any revenue you earn. Plus, in any business or franchise if you want to expand you have to contribute more capital in order to do that. This is not the case with our Full Service Lending Platform. There is no inventory, you can do this by yourself and later if you want to grow the business you can do it very inexpensively.
With our Platform a lot of these factors do not exist in our model or we have included them in the investment. People don’t realize how much we invest back into your business for the fee that you pay. Here is list of services that is included in your fee and the market value of each of them:
- Fully functional website with content management system: ($4,995 Value)
- Stationary package: ($1,500 Value),/span>
- Direct mail leads: ($800 Value)
- Live generated leads, exclusive leads of businesses & clients looking for financing: ($4,000 Monthly Value)
- Email marketing, social media marketing, and content marketing ($15,000- ($7,500) Value)
- Software: ($3,995 Value)
As you can see that is $37,800 if one were to try to do this on their own and this is not even taking into account personally meeting and being approved to do business with over 300 banks and lenders that have been vetted. The other major factor that we left out of these numbers is lifetime support! The fact that you can call a dedicated support person to answer any questions you might have or help you with any transaction is priceless.
Now you take what each type of financing and scenario could possibly yield you, and its not hard to see that getting a return on your investment is very feasible, provided that you put in hard work and dedication. Plus, our platform is a recession proof business and there are no geographical boundaries that will constrict your income or where you do business.
Is SMG Financial a bank?
No, SMG Financial is not the bank but the CEO Nathaniel Holiday
Has established relationships with about 300 banks and lenders throughout the United States that you will work with directly.
Now you will not use all the banks & lenders at one time, but you have that option if one bank or lender can’t get a deal done.
If I start off with the Emerald package, can I later upgrade to the next package?
Yes, you can always upgrade to the next package.
How soon can I see my ROI?
Let’s be honest. Here at SMG Financial we’ve seen New partners make their invest back within months if not days. That’s the beauty of this industry. We had a partner come on board to our program & while they were going through our training they happened to contact a lead that was a commercial loan for 1.4 million. Our Partner ending up taking home $30,000. They came on board for the Emerald package so they made their investment back plus more!
Now there are partners who have made their investment back in 3 months to a year. I know just as much as you do, it really depends on how much time you’re really putting into your business.
Hiring a team will get you to close more deals & turning your ROI timeframe a lot closer within days.
Is this a franchise?
No, We are better than a Franchise. There are no royalties, franchise fees or any other fees after you initial purchase of the platform. Also, there are no territory or geographical restrictions with your business as you would have with a franchise. You own your own Full Service Financial Company. The money you earn is yours to keep. That’s the beautiful part of our program.
Are there any discounts for military personnel?
YES! There is a 10% Discount.
What makes your platform different from any other opportunities?
All of our so-called competitors are one dimensional. SMG Financial is multi-Dimensional providing a turnkey platform that gives you the ability to offer Residential Mortgages, Business, Consumer, and Commercial Lending.
Every other competitor is offering Commercial Loans and as you may know During 2020 recession the Secondary Market fell and the commercial side was on a hold and a lot of business lending couldn’t get done. In addition, on the Residential side, Refinancing and purchasing homes during the 2020 Recession hit its all-time high.
What also makes SMG Financial stand out is the Lifetime Training & support, Digital Marketing, live generated leads, and software etc.
Frequently Asked Questions Regarding Commercial Lending.
How long does it take for you to approve loans?
We have approved loans in as quickly as 3-5 days however we feel a normal approval time from initial application to funding is about 2-3 weeks. Some loans can take longer to be approved but this delay is usually caused by incomplete applications, insufficient documentation, etc.
Does SMG Financial work with brokers?
We are happy to work with brokers who have direct relationships with real estate investors. The brokers must to go through an approval process to assure they are of the best of services for clients. Brokers can contact us directly for information on the approval process.
We help analyze and identify investable opportunities. The loan approval process is smooth and fast.
How do hard money loans work?
Hard money loans are essentially short-term loans given against the collateral of real estate. This means that the loan is secured by a lien on the property. Such loans are provided by private investors, rather than conventional lenders like commercial banks and credit unions.
Hard money loans typically have a term of 12 to 18 months, although they can be extended for up to 3 years. The borrower is required to make monthly payments, which could comprise of only the interest amount or interest plus a small part of the principal. At the end of the tenure, the borrower needs to make the complete repayment.
Hard money loans are often used for buying and fixing properties with the intention of selling the properties for a significantly higher sum.
What questions should I ask a hard money lender?
- What is the interest rate? This could vary across lenders, geographies and the riskiness of the collateral provided. Typically, the interest rate for hard money loans ranging between 9% to 12% of the loan amount.
- What are the points? This refers to the fees charged by hard money lenders. One point is usually equal to a percentage point of the loan. Points typically range between 2% to 3% of the loan amount.
- Other key questions to ask are: Are there any upfront fees? Do I need to make a down payment into the project? What are the penalty fees if the repayment extends beyond the due date? How much time will fund disbursement take?
How long does it take to get a hard money loan?
Hard money loans are disbursed quickly. The application process usually takes a couple of days, after which the loan is approved. After loan approval, a hard money lender typically transfers the funds within a week. This compares very favorably to bank loans that take 30 to 60 days for funds disbursal. Choose a professional team that can help you get hard money loans faster, which is very important for being ultra-competitive when buying properties.
Okay, I’m ready to speak to somebody…how do I get started?
If you have more questions about our Full-Service Lending Platform or want to discuss this opportunity, please feel free to call us directly at (732) 231-5420. Or if you would like one of our representatives to call you at your convenience, please fill out the form below. There is no pressure or hard selling of our program to you because our program sells itself.
Please Fill out this form below. One of our team members will reach out to you as soon as possible.
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