B & Z Asset Mangement Corp. in Miami, Florida
B & Z Asset Management Corp. is a full service, asset-based equity lender for residential and commercial real estate financing. Our focus is on developing creative asset-based loans that are tailored to the needs of our borrowers. Each loan application is reviewed on an individual basis for the purpose of designing a loan program that provides the best results for the borrower as well as the investor. We believe that the key to a successful relationship and a growing business is total honesty and transparency between the needs of our borrowers and the needs of our investors. We provide for this transparency through full disclosure and continued interaction between us, the servicer, and the borrower. All of our loans are closed by licensed attorneys and the closing documents always include title insurance. Our mortgages rarely provide for additional loan advances unless agreed upon in advance by the investor. Our investors are fully informed on any changing circumstances with the borrowers, for example, late payments, no payments, requests for modifications, etc.
If you have equity in real estate and are looking for a fair and flexible loan in excess of $25,000, B & Z Asset Management can help. We fund loans with our own capital and process the loan quickly and efficiently.
Asset-based Equity Lending is lending money on a percentage of the value of the property being used as collateral. As an example, if your property is worth $200,000 we would agree to a total financing package of 65% (called "loan to value") of $200,000 or $130,000. If you already have a $100,000 loan on the property we would consider loaning an additional $30,000. Asset based lending puts more emphasis on the property value rather than on the guarantor's credit and ability to pay.
Asset-based equity lending is not only for borrowers with poor credit. In fact, many borrowers of equity based loans have good credit. There are several reasons for choosing equity loans. They're fast (in many cases equity loans can be closed within a few weeks). They can also be used for bridge or short term financing. In addition to the collateral, we review the borrower's ability to repay.
Our investor is our primary responsibility. We want to lend money, but our first desire is to protect our investor's money so they can continue to lend and we can continue to grow. We balance these two objectives by not only reviewing collateral value but also by reviewing the borrower's ability to repay the loan.