Given the opportunity to help people, we act with the highest integrity and with a purpose!
“Every problem has a solution, you just need to be creative enough to find it.” – Travis Kalanick
M E E T O U R C O M P A N Y
New England REI Solutions is a residential redevelopment company that offers full service real estate solutions for clients. Since 2018, our company has been buying and selling properties with the goal to improve property values for communities and to provide affordable housing for individuals that aren’t able to obtain pre-approved traditional bank lending. We believe everyone should have the opportunity to buy an affordable home for their family and our goal is to make that dream come true one property at a time.
O U R M I S S I O N
At New England REI Solutions, our mission is to positively impact those we serve. Our goal is to help provide creative solutions to homeowners that may be experiencing a difficult time through providing a tangible solution. Our message of hope is simple in that we provide value, encouragement and quick solutions to relieve the burden of stress through our services. We then, take these specific situations and provide unique investment opportunities to homestead buyers, passive or active investors. We believe there’s an opportunity to serve our community in a number of tangible ways and we hope that includes you.
How Private Money Helps Our Company
Private money lenders bring speed and efficiency to our transactions, and our leverage is far greater when we purchase using private cash funds. Many properties we purchase are in need of quick sale within 14-30 days. A traditional bank requires 30-45 days to close a loan. Many traditional home sales fall out of contract because of financing. Using quick cash as leverage allows us to negotiate a much lower purchase price and reduce our risk.
Being able to offer a fast closing with private funds motivates sellers to accept our offer over others; and entices them to take a much lower price than they would from a conventional buyer. Also, lending guidelines are also continually changing and are requiring applications, approvals, junk fees and strict investor guidelines. They also limit the number of investment properties that can be purchased by one company. On a new home purchase requiring renovations, private lender funds will be allocated to the purchase price, renovations, carrying costs, cost to resell and a small buffer for unexpected expenses.
PROTECTING OUR LENDERS
Mortgages offer the banks solid, long-term, fixed returns. With New England REI Solutions, you can put yourself in a position of the bank by directing your investment capital, including retirement funds to well-secured real estate mortgages. Mortgages have ultimate safety because if default occurs, the bank can recover its investment as the first lien holder on the property.
Each property we acquire is put through a strict evaluation process in order to assess the profitability before the property is ever purchased. “Integrity” is an essential part of our business, and we only make sound investment decisions. Additionally, for your protection, you are provided these documents to secure your investment capital:
Promissory Note: Collateral for your investment capital in the project.
Deed of Trust/Mortgage: Document that is recorded with the county clerk and recorder to publicly secure your investment against the real property that we are providing as collateral
Hazard Insurance Policy: Insurance document where you are listed as the private lender and would be listed as the “Mortgagee” for your protection in case of fire or natural disaster, etc.
Additionally, title searches are conducted and a title insurance policy is purchased just as we would in a typical transaction. As it relates to a rental investment with a long-term note, our company will provide a valid hazard insurance policy on the property to protect against causalities. You will be named as a mortgagee and notified if the insurance was not kept current. In the event of damage to the property, insurance distributions are used to rebuild or repair the property or for repayment.