Author: Team GMG

Global Mortgage Group is proud to bring you these quotes from some of history’s smartest people. In their own simple, yet clever way, each quote shows that real estate could be the best way to increase wealth.

Real estate is a numbers game. But that doesn’t mean a few words can’t help investors dominate the market. In fact, real estate investing is an extremely emotional pursuit. Between investors’ swing moods, that many times drives the market, to the risks that are involved with investing, emotions can sometimes run high. GMG has a unique line of mortgage products regardless where you want to invest, be it the US, Australia, Japan, Thailand, Canada, or the UK.

Enjoy the selection of quotes from some of history’s greatest minds and investors, including Warren Buffett, Mark Twain and Teddy Roosevelt.

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.

Franklin D. Roosevelt, U.S. president

Buy land, they’re not making it anymore.

Mark Twain, writer and humorist

Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.

Andrew Carnegie, billionaire industrialist

Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!

John Jacob Astor, real estate and business mogul

Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!

John Jacob Astor, real estate and business mogul

In the real estate business, you learn more about people, and you learn more about community issues, you learn more about life, you learn more about the impact of government, probably than any other profession that I know of.

Johnny Isakson, U.S. senator

Some people look for a beautiful place. Others make a place beautiful.

Hazrat Inayat Khan, spiritualist

Games are won by players who focus on the playing field—not by those whose eyes are glued to the scoreboard. If you instead focus on the prospective price change of a contemplated purchase, you are speculating. There is nothing improper about that. I know, however, that I am unable to speculate successfully, and I am skeptical of those who claim sustained success at doing so.

Warren Buffett, billionaire investor

Landlords grow rich in their sleep without working, risking or economizing.

John Stuart Mill, political economist

Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.

Theodore Roosevelt, U.S. president

Don’t wait to buy real estate. Buy real estate and wait.

Will Rogers, actor

Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.

Marshall Field, entrepreneur

I still think buying a home is the best investment any individual can make.

John Paulson, billionaire

I have always liked real estate; farm land, pasture land, timber land and city property. I have had experience with all of them. I guess I just naturally like ‘the good Earth,’ the foundation of all our wealth.

Jesse Jones, entrepreneur

If you’re not going to put money in real estate, where else?

Tamir Sapir, business mogul

To be successful in real estate, you must always and consistently put your clients’ best interests first. When you do, your personal needs will be realized beyond your greatest expectations.

Anthony Hitt, real estate professional

The best investment on Earth is earth.

Louis Glickman, real estate investor

A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.

Barbara Corcoran, real estate investor

It is a comfortable feeling to know that you stand on your own ground. Land is about the only thing that can’t fly away.

Anthony Trollope, novelist

In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models.

Akira Mori, real estate developer

Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.

Armstrong Williams, entrepreneur

Real estate investors need to stay motivated and open to new ideas, loan programs and suggestions. Hopefully these quotes will help prospective investors and veterans alike get there.

A bridge loan is short-term financing used to facilitate the financing of a property for a short period of time. It is used for various reasons to either acquire, maintain or improve a property with quick access to funds while more permanent financing is being arranged.

GMG Bridge is a unique arrangement with various funds globally that give Global Mortgage Group the ability to source immediate asset-based capital in most countries around the world. GMG has funds and lending partners that specialise in the US, UK, Europe, Canada, Australia, Singapore, Hong Kong, Thailand, and UAE. These unique relationships and volume give GMG a lot of negotiating power on behalf of the client.

"Regardless if you're in the US, UK, Europe, Canada, Australia, Singapore, Hong Kong, Thailand, or UAE, GMGBridge is a viable short-term financing option for assets you may own globally and wish to keep but have a short-term liquidity issue."

"In many cases, these events are unforeseen and can be resolved in a few months to a year. We understand the situation and the implications and, in most cases, take a loan from application to funding in a matter of 10 days. In most cases, we don't like to exceed 55%LTV (loan-to-value). However, in some cases, we have been able to secure as high as 70% LTV."

"Anyone that knows bridge financing, that is extremely aggressive."

Robert Chadwick | GMG

Global Mortgage Group offers bridge financing on a variety of property types:

• Commercial buildings
• Hotels and casinos
• Land
• Warehouses
• Retail shopping centers
• Mixed-use residential
• Apartment buildings
• Luxury homes
• Multi-family commercial

Reasons Companies or Individuals apply for bridge financing:

• Avoiding foreclosure
• Quick close on the property
• Partner Buy-Out
• Apartment buildings
• Financing a project beyond standard bank limits
• Pay off debt

"When GMG issues a bridge loan, a viable exit strategy is in place before the loan ever funds. Normally GMGBridge loans, regardless if they are in Europe, the UK, Canada, Australia, Singapore, Thailand, Hong Kong, UAE, or the US, the terms are relatively the same. 12-36 months interest-only payments with rates ranging from 9%-15% depending on the location, the rule of law, and the collateral. More often than not, with the proper time frame, we can refinance these assets into long-term financing through Global Mortgage Group's commercial or residential mortgage programs."

Robert Chadwick | GMG

Often GMGBridge financing is a cheaper alternative to the standard hard money or private lending options while just as flexible underwriting and fast turnaround to fund. Both are non-standard loans acquired due to short-term or uncommon situations. A bridge loan term may be closed, only available for a pre-determined time, or open with no fixed payoff date. There may be a required payoff after a specific date. GMGBridge has terms of 12-36 months with interest-only payments.

Global Mortgage Group provides bridge loan financing for companies, developers, and individuals on a global scale. These interim financing services have been designed to assist real estate investors with financial solutions that offer quick relief in challenging times when liquidity or cash flow is an issue.

As one of the leading International property bridging finance companies in the market, we pride ourselves in creating long-term client-lender relationships.

Get in touch with us today to learn more about the structures and options of short-term bridge financing solutions [email protected]

Qualifying as a non citizen has never been easier.

Before you read about our 75% LTV loan program we would like to note a few differences between U.S., Asia and European mortgages. In the US mortgages work different then the mortgages in most of the other countries:

1. There is NO age restrictions. The buyer can be 85 + years old and eligible for 30 years mortgage term.

2. For our 75% LTV loans, the asset is the determining factor, and not the borrower’s income.

3. Life insurance is not required.

4. NO pre-payment or redemption penalty.

5. No tax returns or liquid reserves are required.

6. In many cases, the seller is allowed to pay up to 3% of the purchase price for buyers closing cost.

Our minimum 25% down payment foreign national mortgage program enables foreign nationals, non U.S. residents or employment transferees to place minimum 25% down payment and finance up to 75% of the property value. Most of the lenders still require 50% down payment in order to obtain foreign national mortgage loan but we can arrange financing with as little as 25% down.

Seller or developer can give the buyer up to 3% of the purchase price concession towards the closing cost and or prepays. If that is the case most of your closing costs would be covered and you’ll be able to invest less money upfront. Borrower must have verifiable funds for the down payment, closing cost in a verified financial institution in or outside the US. Any foreign language accounts would need to be translated and certified by a translation company.

Our 75% LTV mortgage for foreigners does not require Private Mortgage Insurance (PMI) so there is no extra cost. We also offer rate and term foreign national mortgage refinancing with often an unlimited cash out option (restricted by loan limits).

This foreign national refinance mortgage is available as a fixed and or adjustable rate mortgage. Adjustable rate are 5/1, 7/1 term for 15 or 30 years fully amortized loan. In some cases, interest only is also available.

Treasury Yields Could Increase Even More

After bottoming at 50 basis points, the 10-year Treasury yield has been growing since August 2020. On February Friday, it was 1.35%, which has a high chance of growing even more and reaching 1.5%. 

However, the yield won’t increase rapidly unless inflation breaks out or the Fed tightens the policy. Even if inflation happens, it is unlikely to go out of control. Any policy change is not on the horizon, too, since James Bullard, the St. Louis Fed President, dismissed this possibility.

Here are some of the loan program features:

• Minimum 25% down Payment
• 5.75% Interest rate (right now. Does not include APR)
• Term, 30 years, 20 and 15 years fixed
• Loan amounts up to $5mm
• No prepayment penalty
• No U.S. credit required. International Credit History Report allowed
• No reserves (PITI) required
• Up to 3% seller contribution towards buyers closing allowed
• 1- 4 unit single family residential property eligible
• Condos eligible
• 72 hours for underwriting
• Closing on average 45 days

Here are the requirements for our foreign national loan program:

• Copy of executed purchase agreement
• Copy of passport
• 2 personal Credit References (Credit card, Mortgage, Car lease, Landlord Letter, Utility bill) OR International credit report.
• Last 2 months bank statements showing enough
• U.S. mortgage application

For more information on U.S., Australian, Canadian, U.K. or loans within Asia please visit us online or email [email protected]