noble capital
The P.L.N. Orientation
Workbook
A Comprehensive Private Lender Network Orientation Workbook From Noble Capital 1
ABOUT US
2
WHO IS NOBLE CAPITAL Noble Capital, the premier Private Lender Network in Texas, serves as the conduit between the Lender and the Borrower in a Private Money Loan. Private Money Lending is an alternative investment opportunity where one person lends money to another person, typically a real estate investor or rehabber, to perform a short term real estate transaction. Since 2004, Noble Capital has performed the pre-screening, underwriting and due diligence on the borrowers & their projects on behalf of our members. Streamline Funding, wholly owned by Noble Capital, was founded to originate & broker loans to private lenders.
! The allure of our Private Lender Network is that we provide simple, high quality private lending opportunities that provide a short-term, 8-10% interest rate secured by Texas real estate.
3
OUR MISSION STATEMENT Our mission is to be the premier Private Real Estate Lending Platforms in Texas, providing quality lending opportunities to members of our Private Lender Network.
Our Core Value is Candor. To us, candor simply means Being direct, open, and honest. In the spirit of candor, we want our clients to know that we take full responsibility for management decisions we make. We believe that relationships are built on trust and confidence. Nothing is more important to us than winning and maintaining the trust and confidence of our private lenders.
4
THE NOBLE CAPITAL TEAM Chris Ragland - Chief Operating Officer A seasoned real estate professional, Chris has spent the last decade working in firms that specialize in Full Service Brokerage, Property Management, Property Maintenance and Rehabilitation, Servicing, Loss Mitigation, and REO Management. Chris holds a BA in Entrepreneurship as well as an MBA in Global Entrepreneurship from St. Edward’s University, and is a licensed Realtor in the State of Texas.
Grady Collins - Chief Financial Officer Grady Collins is the Chief Financial Officer of Noble Capital. Grady manages the financial operations, including institutional warehouse line facilities, loan servicing, and construction control. Grady has over 18 years of experience in the mortgage and real estate industry. Prior to joining Noble Capital, Grady was an analyst with a major Wall Street firm and then successfully ran a private real estate hedge fund with average annualized returns of over 18.00%. Grady hold a Bachelor’s Degree in International Trade and Finance from Louisiana State University and an MBA from Temple University. Grady is a licensed Texas Real Estate Broker.
Romney Navarro - VP of Lending for Streamline Funding Romney joined the Noble Capital family of companies in 2008, bringing with him extensive experience in structured finance and commercial lending. Romney plays and integral part as one of the leaders of Noble’s exclusive loan origination and underwriting division, Streamline Funding. Romney’s mission is to provide consistent high quality asset based loan opportunities to the Private Lender’s Network while maintaining transparent lines of communication with his Lenders.
5
WHO THIS IS FOR This Private Money Lending Orientation Is For People: Interested in earning a predictable 8-10% return on your money, paid monthly secured by a hard asset…
Excited about the cash flow and asset protection aspects of real estate investing but don’t want the burden that goes along with being a landlord
!
Seeking to make your cash work for you in a simple and predictable ! manner that doesn’t require much Looking to diversify your portfolio time requirement on your part among different financial verticals
!
! Wanting more information on how ! the private money lending process works, such as underwriting, vetting borrowers and projects, handling payouts, understanding construction control, and how to best protect yourself
Seeking a professional, local Texas company, with a great reputation and strong track record of performance to assist you with managing your loans
!
WHO THIS IS NOT FOR Wanting to flip house yourself. Private money lending is being the bank, not the real estate investor.
Seeking a private money, or hard money loan. Please contact Streamline Funding at (512)250-8575 or visit StreamlineFunding.com to apply
! Looking to participate in a REIT. We are not a trust, nor is this a security 6
WHAT WE WILL COVER During this brief presentation we will cover
✓ Who We Are ✓ What Private Money Lending Is ✓ Why Investors Would Take A High Interest Loan
✓ What are the 5 ‘C’s of Underwriting
✓ What Construction Control Is… And How It Benefits You
✓ Examples Of How A Private Loan Pays You
✓ ✓ ✓ ✓
How Construction Draws Work 6 Ways To Protect The Lender How You Make Money How To Handle Disposition… And Still Profit
✓ And Much More…
7
ORIENTATION WORKBOOK FILL IN THE BLANK 1. Simply put, Noble Capital finances _______________________ houses in major markets all around Texas.
! 2. The Cost of Money In A Private Money Loan Is: ______________ Interest Only ______________ Origination Points ______________ Average Number of Months
! 3. The 5 'C's of Underwriting are... I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
V.
_____________________________________________
! 4. Of the 5 'C's of Underwriting, the most important 'C' is _____________________.
! 5. The maximum Loan To Value that Noble Capital will lend on a property is ________%
! 6. The 3 Ways To Determine An After Repair Value of a property are... I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
! 7. What are the 2 most important factors in Construction Control? I.
_____________________________________________
II.
_____________________________________________
8
ORIENTATION WORKBOOK CONTINUED… 8. How much is loaned at each completion metric using a Construction Draw Process for a $40,000 construction budget: • 25% Complete $_________________ • 50% Complete $_________________ • 75% Complete $_________________ • 100% Complete $_________________
! 9. What are the 4 Construction Draw Requirements? I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
! 10.
Name 6 ways Noble Capital's Private Lender Network Protects you, the lender, in a private lending transaction I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
V.
_____________________________________________
VI.
_____________________________________________
! 11.
Fill in the numbers to complete the equation of how Private Money Lenders are paid from the loan... ___________
Interest to the borrower collected by Streamline Funding
___________
Points to Noble Capital
___________
Points to your Adviser (if applicable)
___________
Your Profit
! 12.
What are the 4 steps of Disposition, or foreclosure, should a borrower default? I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
9
NEXT STEPS If you are interested in more information about our Private Lender Network, you have the following options: 1) Contact Us At 512-492-3810 To Speak With A Representative 2) Email any questions to [email protected] !
Thank you for your interest in Noble Capital and our Private Lender Network
A Comprehensive Private Lender Network Orientation Workbook From Noble Capital 1
ABOUT US
2
WHO IS NOBLE CAPITAL Noble Capital, the premier Private Lender Network in Texas, serves as the conduit between the Lender and the Borrower in a Private Money Loan. Private Money Lending is an alternative investment opportunity where one person lends money to another person, typically a real estate investor or rehabber, to perform a short term real estate transaction. Since 2004, Noble Capital has performed the pre-screening, underwriting and due diligence on the borrowers & their projects on behalf of our members. Streamline Funding, wholly owned by Noble Capital, was founded to originate & broker loans to private lenders.
! The allure of our Private Lender Network is that we provide simple, high quality private lending opportunities that provide a short-term, 8-10% interest rate secured by Texas real estate.
3
OUR MISSION STATEMENT Our mission is to be the premier Private Real Estate Lending Platforms in Texas, providing quality lending opportunities to members of our Private Lender Network.
Our Core Value is Candor. To us, candor simply means Being direct, open, and honest. In the spirit of candor, we want our clients to know that we take full responsibility for management decisions we make. We believe that relationships are built on trust and confidence. Nothing is more important to us than winning and maintaining the trust and confidence of our private lenders.
4
THE NOBLE CAPITAL TEAM Chris Ragland - Chief Operating Officer A seasoned real estate professional, Chris has spent the last decade working in firms that specialize in Full Service Brokerage, Property Management, Property Maintenance and Rehabilitation, Servicing, Loss Mitigation, and REO Management. Chris holds a BA in Entrepreneurship as well as an MBA in Global Entrepreneurship from St. Edward’s University, and is a licensed Realtor in the State of Texas.
Grady Collins - Chief Financial Officer Grady Collins is the Chief Financial Officer of Noble Capital. Grady manages the financial operations, including institutional warehouse line facilities, loan servicing, and construction control. Grady has over 18 years of experience in the mortgage and real estate industry. Prior to joining Noble Capital, Grady was an analyst with a major Wall Street firm and then successfully ran a private real estate hedge fund with average annualized returns of over 18.00%. Grady hold a Bachelor’s Degree in International Trade and Finance from Louisiana State University and an MBA from Temple University. Grady is a licensed Texas Real Estate Broker.
Romney Navarro - VP of Lending for Streamline Funding Romney joined the Noble Capital family of companies in 2008, bringing with him extensive experience in structured finance and commercial lending. Romney plays and integral part as one of the leaders of Noble’s exclusive loan origination and underwriting division, Streamline Funding. Romney’s mission is to provide consistent high quality asset based loan opportunities to the Private Lender’s Network while maintaining transparent lines of communication with his Lenders.
5
WHO THIS IS FOR This Private Money Lending Orientation Is For People: Interested in earning a predictable 8-10% return on your money, paid monthly secured by a hard asset…
Excited about the cash flow and asset protection aspects of real estate investing but don’t want the burden that goes along with being a landlord
!
Seeking to make your cash work for you in a simple and predictable ! manner that doesn’t require much Looking to diversify your portfolio time requirement on your part among different financial verticals
!
! Wanting more information on how ! the private money lending process works, such as underwriting, vetting borrowers and projects, handling payouts, understanding construction control, and how to best protect yourself
Seeking a professional, local Texas company, with a great reputation and strong track record of performance to assist you with managing your loans
!
WHO THIS IS NOT FOR Wanting to flip house yourself. Private money lending is being the bank, not the real estate investor.
Seeking a private money, or hard money loan. Please contact Streamline Funding at (512)250-8575 or visit StreamlineFunding.com to apply
! Looking to participate in a REIT. We are not a trust, nor is this a security 6
WHAT WE WILL COVER During this brief presentation we will cover
✓ Who We Are ✓ What Private Money Lending Is ✓ Why Investors Would Take A High Interest Loan
✓ What are the 5 ‘C’s of Underwriting
✓ What Construction Control Is… And How It Benefits You
✓ Examples Of How A Private Loan Pays You
✓ ✓ ✓ ✓
How Construction Draws Work 6 Ways To Protect The Lender How You Make Money How To Handle Disposition… And Still Profit
✓ And Much More…
7
ORIENTATION WORKBOOK FILL IN THE BLANK 1. Simply put, Noble Capital finances _______________________ houses in major markets all around Texas.
! 2. The Cost of Money In A Private Money Loan Is: ______________ Interest Only ______________ Origination Points ______________ Average Number of Months
! 3. The 5 'C's of Underwriting are... I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
V.
_____________________________________________
! 4. Of the 5 'C's of Underwriting, the most important 'C' is _____________________.
! 5. The maximum Loan To Value that Noble Capital will lend on a property is ________%
! 6. The 3 Ways To Determine An After Repair Value of a property are... I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
! 7. What are the 2 most important factors in Construction Control? I.
_____________________________________________
II.
_____________________________________________
8
ORIENTATION WORKBOOK CONTINUED… 8. How much is loaned at each completion metric using a Construction Draw Process for a $40,000 construction budget: • 25% Complete $_________________ • 50% Complete $_________________ • 75% Complete $_________________ • 100% Complete $_________________
! 9. What are the 4 Construction Draw Requirements? I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
! 10.
Name 6 ways Noble Capital's Private Lender Network Protects you, the lender, in a private lending transaction I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
V.
_____________________________________________
VI.
_____________________________________________
! 11.
Fill in the numbers to complete the equation of how Private Money Lenders are paid from the loan... ___________
Interest to the borrower collected by Streamline Funding
___________
Points to Noble Capital
___________
Points to your Adviser (if applicable)
___________
Your Profit
! 12.
What are the 4 steps of Disposition, or foreclosure, should a borrower default? I.
_____________________________________________
II.
_____________________________________________
III.
_____________________________________________
IV.
_____________________________________________
9
NEXT STEPS If you are interested in more information about our Private Lender Network, you have the following options: 1) Contact Us At 512-492-3810 To Speak With A Representative 2) Email any questions to [email protected] !
Thank you for your interest in Noble Capital and our Private Lender Network
