Lease Construction Financing vs. Traditional Construction Loans – What’s the benefit?
Think about this… We have a new product that will fund 100% of the construction of any building and lease it back to you. You hire your own contractor and the building is built to your specs. What’s the benefit? The lease becomes a write-off against personal income. By it being a lease instead of a mortgage it becomes 100% tax deductible. You will get 90% of cost of the building back in 48 months (4 tax years) as opposed to depreciating the building over 20 years. You can buy out the lease after the agreed upon term for 10% of the original cost. We file a UCC lien on the building and your current mortgage holder signs a severance agreement
since the building is the property of the leasing company. The payment is based off of a factor. The rate is about 5.5%-6.5%.
How do you like those apples?
The key part is that you have at least $500.00 per year in farm income. Yes….. Farm income. The farm income does not need to come from this particular project.
Only 500.00 per year, that’s easy….
I can help you!
Respectfully,
Joseph M. Pisa
President, CEO
Northstar Funding
79 Hudson Street, Ste 301A
Hoboken, NJ 07030
Phone: (800) 917-1595 x 9
Fax: (800) 917-1595
Cell: (800) 917-1595
Email: jpisa@nshomefunding.com
NMLS# 93843
“Licensed Mortgage Bankers”
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