At least $400,000 of the investor’s capital will be invested into a mortgage note investment program under a Note Servicing Agreement with BridgeWell Capital LLC, a licensed mortgage lender (www.bridgewellcapital.com).
The Investor’s Home Center LLC will own 100% of all the Mortgage Notes it purchases, which are fully secured by residential real estate at very low loan‑to‑value ratios in order to provide excellent security.
The mortgage notes are made to REE's and have a maturity of a maximum of one year with most being paid off within six months. On redemption, the funds will be reinvested in further mortgage notes in order to ensure consistent cash flow and continued energy to the residential real estate market.
The Mortgage Note Investment program is designed to yield the investor $40,000 per annum (8% annual return on the $500,000 of original capital) providing that the funds are continually reinvested into mortgage notes to REE's.
The program can permit the return of the investor’s capital after three years or alternatively he can continue to reinvest into the cycle of mortgage notes and receive an indefinite annual return.
An investor may also choose to increase their investment into the mortgage note program at any time – there is no upward limit to the amount of funds that can be invested.
Investor’s Home Center Franchise Company will make loans to REE's with maturity dates of no more than one year as first charge mortgages. REE's typically repay these loans within four to six months.
These first charge mortgage loans will be for principal amounts at low loan‑to‑value ratios to ensure maximum security and the value of any loan will not exceed the then-prevailing FHA ‘conforming loan limit’ at the time that the loan is generated. The loans typically provide for an interest rate of not less than 14% per annum, interest‑only payments made monthly by direct debit, maturity in 12 months, and no pre‑payment penalty.
Timeline
The initial application process to receive a conditional green card typically takes between nine and fifteen months. As soon as the conditional green card is issued it allows the investor to emigrate with their immediate family. The first requirement of any investor after they receive the visa at the United States overseas consulate office is to enter into the United States within 180 days of visa issuance from the consulate.
The investor must then establish residency in the United States. Evidence of intent to reside includes opening bank accounts, obtaining a driver’s license or social security number, paying state and federal income taxes, and renting or buying a home.
The investment must be held for a further two years, bringing the total investment time to approximately three years. At that stage, an application is made to the Immigration Service office for ‘Removal of Conditions’ (Form I-829), which takes a further two to three months.