Traverse Enterprise was founded by Debra Davis-Betha. With over 12 years of experience in the commercial private lending industry as a mediation consultant, Traverse Enterprise has helped hundreds of principals submit impressive loan packages for the consideration of investors. Traverse Enterprise offers Employee Retention Credit, as well as loan mediation for Private Commercial Loans and Small Business Loans.The staff and consultants of Traverse Enterprise are highly trained and will guide you in quality loan document submission to give you the best chance at loan approval.
Our Funds Group have completed a refund stimulus for over 4500 companies since 2021 with over 3 billion in retention credits. We offer a 5-yr. audit protection of which no other company offers.
Our funds Group gives about 80% unconventional loans and 20% conventional or institutional loans. Conventional loans are normally done by banks at 4-6% rates. They are typically credit and/or collateral based. Unconventional loans are typically short term bridge and hard money loans
Deals in the Industry
Average deals in this industry are $1-7 Million. Loan-to-Cost: A ratio used in commercial real estate construction to compare the amount of the loan used
to finance a project to the cost to build
the project. If the project cost $1 million
to complete and the borrower was asking for $800,000, the loan-to-cost (LTC) ratio would be 80% (www.investopedia.com/ terms/l/loan-to-cost-ratio-ltc.asp.)
Recourse Vs. Non-Recourse Recourse loans: (Banking and Institutional)
Non-Recourse loans (Hard Money/
Short-term Bridge) **Showing ability
to debt service the loan is key!
Traverse Enterprise Mission
The Mission of Traverse Enterprise is to assist business owners in obtaining funding that they require in order to boost the economy. We also offer an opportunity
to help provide economic relief and independence to individuals and families. We will modify our services as the economy and eminent needs of those we serve dictate. We will do this with honesty and integrity, uplifting the Kingdom of God.
Questions to Answer when applying for funds...
· How much capital do you need?
· How much capital do you have in the project to date?
· How much are you willing to put into the project?
· How long have you been looking for funding and what type of challenges have you had?
· Who have you talked to and why have you been turned down?
· What are your expectations?
Deals that are Relevant for Today
EMPLOYER RETENTION CREDIT
WE REPRESENT A GROUP OF CPA'S AND ATTORNEYS WHO WILL REVIEW YOUR TAX RETURN FOR YOU!!
It’s not too late for business owners who have W2 employees to qualify for the ERC (Employer Retention Credit) from IRS.
If you are a business owner (Account Executive/CFO), with (10-500) W2 employees and have not applied for your ERC, Contact me as this is a stimulus available to business owners and there is still $2.3 Trillion available and we are averaging $23K per employee.
99% of the companies will qualify! I’m working with one of the best companies in the country and we have completed a refund stimulus for over 4500 companies since 2021 with over 3 billion in retention credits.
We offer a 5-yr. audit protection of which no other company offers.
We look at the Last 3-Quarters in 2020 and the First 3-Quarters in 2021 to determine the amount of your refund. We can obtain an approval in as little as 14-days from the time we recieve all the requested documentation from the employer. The average company that went through the IRS received just $5K per employee, whereas we have been able to obtain $23K per employee. You will receive actual check/s and not a credit on your tax returns.
ABL – Asset-based Lending is anything real estate backed loans loan is backed by a hard asset.
Hard Money Lenders typically give 50% to mitigate risk in case there is a default.
2 types of Hard Money Lenders:
·True Hard Money Lenders - They strictly look at the asset (value of asset) and not credit.
They are typically 12 months sale, not a 90 day quick sale. They look at appraised value
and not purchase price and will give 50% LTV.
·Majority of Hard Money lenders – 50% LTV of appraised value or purchase price (the lesser).
Wind, Solar, Green, and Renewable Energy: We accept submissions for $10 Million minimum.
Oil and Gas: US and Canada ONLY! States that Oil and Gas submissions are accepted from are as follows:
Texas Alaska California North Dakota Oklahoma New Mexico Wyoming Utah Colorado Louisiana
If you are looking for straight debt, equity participation or a debt/equity combination for an oil and gas project, contact us.
We have capital available... $20,000. - $500,000., No collateral.... must have a 680 credit score or higher. Closing within 7-14 days.
Multi-Family: According to the July 2015 edition of Matrix Monthly, a report on U.S. multi-family market trends, the average U.S. apartment
rent rose 6.5 percent to $1,155 a month over the last 12 months ending in July. It appears that the multi-family market is strong and rents will continue to grow as home ownership declines.
Commercial Real Estate Loans
All commercial property types will be considered:
***Construction Light Industrial Warehouses Refinance
Office Buildings Restaurants Apartment Buildings Funeral Homes
Self-Storage Units Hotels/Motels Gas Stations Retail Stores
Golf Courses Medical Facilities Mobile Home Parks Condominiums
Marinas Automotive Services Mixed-Use Buildings Shopping Malls
Auto Dealerships Raw Land Lots Bed & Breakfast Retail Assisted Living
Shopping Centers Condo-hotels Parking Structures Commercial Land Development
Effective Loan Package
There are just two documents we are interested in reviewing before we can provide
you with our level of interest:
1. Executive Summary: This will assist us with understanding your project in full detail.
Submitting an Executive Summary Questions One to Three Pages (1 page minimum) to include the following:
a. State exactly what the project is.
b. State a summary of the income for the stated project.
c. State the background of the individuals.
d. State the net worth of the individuals.
e. State the amount of funds needed.
f. State the amount of funds being furnished by the individuals
2. Sources & Uses of Funds: This form provides information about equity in the deal.
*Sources and Uses form is available upon request.
Contact:
Traverseenterprise1@gmail.com
Barbara Neal - Independent Consultant
UrMoneyResource@outlook.com
