Recession? What Recession? Minneapolis Mortgage Perspective

Greetings Everyone,

As I settle into my second cup of coffee and look over the 'to do list' for the day, I felt it was important to let all of the Uptown Financial Corp. (http://www.uptownfinancial.com/) extended family have a bit of an insight into the wonderful world of the Minneapolis Housing Market.

As a whole, I believe the Minneapolis Real Estate Market will continue to be strong in the areas of great location. http://www.uptownfinancial.com/ has an obvious affinity for the Uptown Minneapolis Lakes area---but truly believe it will be a strong market for years to come---simply based off the fact of the abundance of nature and forward thinking in the area.

The markets as a whole are extremely Mental. It continually amazes me the amount of influence the mind set of the public has on a Economic market as a whole. In my mind, the Economy is simply a collective bundle of public perception about what the world is doing. As the headlines change, so will the psycheeee of our day to day lives.

Recently, during a trip to Mexico----Tulum to be exact---I read a Buddha quote scribed on a wall and it really struck a cord with me.


It Read:

We Are What We Think,

All That We Are,

Arises With our Thoughts.

With our Thoughts,

We Make The World

Buddha

In my eyes, the Minneapolis Housing Market and the markets of Hot Vacation Spots such as Brainerd lakes area, Whitefish Chain of Lakes, Crosslake, Costa Rica, Colorado Mountain locations etc. Will always be coveted.

The lure of the Lakes, Mountains and the Ocean will never leave regardless of what doom and gloom the state of the public is in. Guess, the lesson of the day is to simply try and cheer up your neighbor, remind him spring is coming, the snow is melting and the birds will soon be chirping in their care free way.

We at http://www.uptownfinancial.com/ tend to create positive situations for our clients to understand the perspectives of the marketplace. As there is always risk in the marketplace---now is a great time to start building your wealth in Real Estate---via Minneapolis, Brainerd lakes area or Costa Rica properties----the rental pool will continue to expand and the sun will continue to rise!!!

Take care,

Ben Coulter

http://www.uptownfinancial.com/

Ben@UptownFinancial.com

International Development Financing: 10/100 Platform

Greetings,

Springtime is finally starting to reach lovely Minneapolis, MN. In keeping with tradition of the Mid-West mentality, you must always mention the weather at least ONE time in any conversation.

FYI: This is the first official Blog for Uptown Financial Corp. We specialize in Financing Solutions for Residential, Commercial and International Properties/Projects. We are currently working with projects as diverse as Landfills, Alternative Energy, Resorts, Commercial Buildings and the everday Single Family Residences Worldwide----although Minneapolis, Brainerd Lakes area, Minnesota and Costa Rica are the current focal points on this front.

For Residential markets, we are networked with specialists in the areas of First Time Home Buyer Programs, High Net Worth Client platforms, and Vacation Home Purchases and Refinances.

The focus of this blog is on a Development Financing Platform for the USA, Costa Rica, Latin America and Globally.

It is a 10/100 financing structure.

A general outline of the 10/100 program follows:

If the file is complete, with the 10% escrow (Liquidity/Equity), all permits, etc., we can normally bring it to the closing table within 45 days of Proof of Funds. The funds would be deposited in the third party Escrow Account at time of signing of the LOC.

Interest Rate: 90 Day Libor plus 1% to 2%.

Amortization: Interest Only/Accrual during construction phase

Term: 60 months.
Will take to 15/20 yearsperm at same rate

Prepayment Penalty: None
Loan to Cost (LTC): 100%
Funding Reserve: 10%
Binder Fee: $1,500.00
Construction Draws: Typically 24, 36, or 48 MonthsClosing:

At closing, there are five (5) parts of the first draw:

1. First Construction Draw
2. The 10% Funding Reserve Account ifleveraged against the project
3. Soft Costs for the project
4. Broker and Lender Fee's (4%)
5. Five percent (5%) for unanticipated costs to Developer

This is the basic outline of the program and is a great funding platform for Domestic USA Developments, Costa Rica, Panama, Brazil, Belize, and Beyond. Currently, we continue to focus on USA and Latin America projects, but do have our sights on strategic expansion on a Global Frontier.

We here at Uptown Financial Corp, in Sunny Minneapolis, MN would love to help any project seek out their ideal partner for their project---whether it be with the 10/100 program, traditional financing, or via a JV partner!!!

Contact us today!

Ben Coulter
Uptown Financial Corp.
Founder/CEO

612-216-1388
http://www.UptownFinancial.com/
Finance@UptownFinancial.com