Can you believe it’s already the middle of November! The rest of this year will pass like the blink of an eye!

We’ve been creating and leveraging new ways to financially help commercial and private citizens through this economic wave of ‘challenges and opportunities’ (as the eternal optimist says).

Have you been wondering, like me, “Where’s my bail out?!?” All of these programs that lower interest rates for home owners who have been in default of their mortgage, but what about the home owners that have been able to make those payments even through these tough economic upheaval?

Hurray for the Feds backed program to assist and reward the home owners that have been playing by the rules! Through this new special program, homeowners who have made their mortgage payments on time, and have an existing qualified loan, may be able to refinance your home loan at a substantially lower interest rate. This program is working in spite of substantial drops in home values and in many cases with no points or fees. WOOHOO!

We’re implementing this program, and would be glad to answer any questions you might have about it. Just visit our website at www.asianloanfund.com.

Hope your week is GREAT!

Dan

We’re happy to announce that our FIRST project for the Asian Pacific Revolving Loan Fund “First Time Home Buyer” program has been completed! We’re really excited because it worked out very well for our home buyer client (he got a great house that’s up to code and nicely remodeled!)  and the local community (the Lake Elsinore, CA neighborhood got a great new resident home owner !).

As  non-profit organization, we are focused on  improving the communities of Southern California through commercial lending to  small business owners. But, quite frankly, we’d become a little frustrated with commercial lending because banks just aren’t making funds available.  Hopefully congress will pass meaningful financial assistance to small businesses SOON! But in the meanwhile, our ”First Time Home Buyer” allows us to continue our mission by helping the First Time Home Buyer choose a property before it’s on the open market and lock it in while the home is brought up to building code.

I’ll be posting photos here (as soon as I figure out how), on our Facebook page and, of course, on our website.

If you know of a first time home buyer who wants to avoid being outbid on the open market, please tell them about this program. It helps neighborhoods to retain their value and safety, and it helps the first time home buyer get the property they want.

more soon!

Dan

Major bummer! Before a friend sent me the link to this LA Times article, I saw a post on www.LinkedIn.com that had a casual survey where the majority of professionals (51%) had been out of work for over 1 year. (ONE YEAR!). Obama announced another stimulus package to help business, and I’ll be blogging about that in the coming week.

Thoughts?

I haven’t been blogging the last couple months because we’ve been working on putting our First Time Home Buyer program into action. The launch went really well and our first contracts in underway. You can find read the latest on our efforts on the home page of our website www.asianloanfund.com . We’ll continue posting updates as the program progresses.

As you probably know, we had been focused primarily on supporting the community through funding to commercial enterprises; specifically small businesses in our community. When banks stopped lending in general, we realized that we needed to find more ways of helping the community. That’s why we created the First Time Home Buyer program.

There are a lot of first time home buyers that are getting out bid on the open market. Many of these homes were previously bank owned homes which had been renovated and repaired to bring them up to building code. Where it’s highly desirable for the community that these homes be repaired to remove the blight that’s plagued our neighborhoods in this challenging economy, we’d like to see as many first time home buyers as possible be able to own these homes.

We have a special relationship with Chase Bank that allows us to offer a choice of homes to First Time Home Buyers before they are listed on the open market. Many of these homes require some amount of work to bring them up to building code.

If you’re a First Time Home Buyer, you know how difficult it is to win a bidding war in the open market. This program allows you to lock in the home before it’s been renovated and without any competition to squeeze you out.

The first time home buyer selects a property, and enters into a contract with us to secure the property. Then our consortium of the buyer’s input, our investors and construction professionals renovate the home.

If you’re not a First Time Home Buyers, talk to us. We have other programs that could get you into the property you’ve been looking for. Our website is www.asianloanfund.com.

We see this program as a win-win all around. It’s not just the new home owner that benefits from this program. Just like us, our investors are dedicated to helping create a better community for everyone through funding. Our consortium of construction professionals has quality work that in turn restores safety and esthetics to neighborhoods. And the neighborhood gains a first time home buyer that has a vested interest in being a part of the local community.

Check back with us soon. We’re looking forward to posting before and after photos of the homes as they are completed.

Thanks!

Dan Sieu

Hello and thank you for stopping by! I usually blog my commentary on the business of funding and related legislation and information I run across that I think would be helpful to the small business owner.  Once in a while,  I’ll post announcements about new funding programs that we’ve been able to create with our partnerships in the banking industry. This is one of those posts….

GREAT news for First Time Home Buyers!

“We have a great NEW program for first time home buyers! We’re launching a new program to help first time home buyers get into the home of their dreams. Asian Pacific has access to a list of select properties, previously returned to the bank, which have been rehabilitated and put back on the market.

At Asian Pacific, we have unique bank relationships that create special opportunities which are not available through traditional channels. If you or somebody you may know is interested in purchasing a new home, please give us a call. We’ll be happy to explain this new and limited time program.”

^LS #smbiz #HomeBuyer #RealEstate #mortgage #loans http://ow.ly/i/2U3F