Levine Capital 2023 41st Week Newsletter

The single most powerful asset they all have is their mind. If it is trained well, it can create enormous wealth in what seems to be an instant.”  – Robert Kiyosaki

September brought a blowout job creation number from the Bureau of Labor Statistics, but is the labor sector as strong as that data suggests? Meanwhile, appreciation reports show that home prices are reaching new record highs. Here are last week’s headlines:

Family Hack of the Week

Family Hack of the Week

This Vegetable Soup courtesy of the Food Network is easy, delicious and perfect to enjoy all autumn long. Heat 2 tablespoons of olive oil in a heavy pot. Add 1 cup each chopped onion and chopped celery and cook until tender. Stir in 1 cup chopped carrots and 1 cup peeled and diced Idaho potato and toss to coat. Stir in 1 cup chopped zucchini 1 cup diced can of tomatoes 6 cups vegetable stock. Reduce heat and simmer until potatoes and carrots are tender, about 15 to 20 minutes. Stir in 1/2 cup tiny pasta and 1 cup frozen peas. Simmer for an additional five minutes. Enjoy with your favorite crusty bread.

What to Look for This Week

Crucial inflation reports are ahead, starting with September’s Producer Price Index on Wednesday, which will give us news on wholesale inflation. Look for the Consumer Price Index on Thursday.

Also of note, Tuesday brings the NFIB’s report on confidence among small business owners for last month while the latest Jobless Claims will be reported on Thursday. Investors will also be closely watching Wednesday’s 10-year Note and Thursday’s 30-year Bond auctions for the level of demand.

Plus, the minutes from the Fed’s latest meeting will be released on Wednesday and these always have the potential to move the markets.

Technical Picture

Mortgage Bonds ended last week sitting on support at 97.67. If this level holds, there is room for improvement before reaching the next ceiling at 98.072. The 10-year ended last week around 4.80% after rising as high as 4.875%.

Pace Morby
—Pace GPT

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✦ New Program — Now Available

Ground Up Construction
For Every Experience Level

Levine Capital now offers financing for first-time builders. Whether you are brand new to construction or a seasoned developer, we have a program built for you.

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New: Beginner Builder Program — No Prior Ground-Up Experience Required

We work with experienced General Contractors to make new construction accessible to first-time investors. If you have a solid GC and a viable project, we want to fund it.

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Ground Standard
For newer real estate investors
85%
of Total Project Costs
  • Experience Required1–2 prior ground-up builds
  • Max Loan-to-ARVUp to 70%
  • Term Length12 to 18 months
  • RecourseFull recourse
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Experienced Developer
For seasoned construction professionals
90%
of Total Project Costs
  • Experience Required3+ ground-up builds
  • Max Loan-to-ARVUp to 70%
  • Term Length12 to 24 months
  • RecourseFull recourse
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Beginner Builder — Quick Requirements Checklist

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660+
Min FICO Score
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80%
Max LTC
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65%
Max Loan-to-ARV
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18 Mo
Max Term
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$50K+
Min Loan Amount
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GC
Licensed GC Required

How to Get Funded in 5 Steps

1
Submit Quick Quote
Fill out our 60-second form with your project details
2
Get Pre-Screened
Our team reviews your scenario and sends a preliminary quote
3
Submit Documents
Upload plans, permits, GC contract, and borrower docs
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Underwriting
Fast review with draw schedule and term sheet issued
5
Close and Build
Funds released in draws as construction milestones are hit

Ready to build? Get a free quote in under 60 seconds.

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* Rates starting at 8.99%. Actual rates vary based on borrower profile and project details. Non-owner-occupied only.