Aspire Funding LLC - Financing Your Future

Aspire Capital, LLC was established to bridge the gap between the necessity for real estate capital and the means to secure it. As a financial intermediary and consultant specializing in both residential and commercial real estate, we have access to various lending platforms that can meet all lending requirements. Our services include debt, equity, and joint venture solicitation, engagement, negotiation, and procurement, along with pro forma and financial consultation for real estate transactions. We offer a range of product offerings, including agency lending programs for both commercial lending and residential mortgage needs, as well as access to regional banks, credit unions, commercial banks, commercial mortgage-backed securities (CMBS), life insurance, and private equity participation through family offices.

QM and Non-QM Residential Mortgages include options for Residential Mortgage purchases, second homes, and investment properties. Our services cover all Commercial Asset Classes, offering both purchase and refinance solutions. We provide first mortgages along with specialized financing such as mezzanine loans, bridge loans, and construction and development funding. Additionally, we facilitate equity, joint venture (JV), general partner (GP), and limited partner (LP) integration within the Commercial Lending and Commercial Real Estate sectors.

“There is a definitive gap in how customers (both consumer and commercial) are being treated in the realms of commercial lending and commercial mortgage. Aspire Capital will be different and separate itself from competitors by building relationships first, then soliciting business in the commercial real estate sector. Trust is an essential component of lending; we will ensure a positive experience as I will treat individuals the way they should be treated, with honesty, integrity, and transparency.” -Michael Rudd, President and CEO

Our Process: We are a highly respected financial intermediary and consultation firm specializing in commercial lending and commercial mortgage solutions. With that in mind, there is a process we follow to benefit all parties involved in commercial real estate transactions. We respect everyone's time and understand there is no cookie-cutter transaction. Our process includes: Initial call with the client, Authorization Agreement disclosed, due diligence and processing by Aspire Capital once the fee is received (if merited), engaging lenders and equity partners, providing daily feedback, presenting and considering initial offerings, negotiating by Aspire Capital, and reviewing final offerings. 

You may ask, why is there a processing fee? Like you, I value my time and am extremely committed to what I do. The processing fee ensures a vested interest in you, the sponsor. This fee covers consulting, analysis, and negotiation of terms for your commercial mortgage or residential mortgage needs. 

So, why not just find a broker to work on pure contingency with no fees upfront? While it seems like an easy solution, the issue is this: If a broker is willing to accept your deal for free and it’s not an equipment lease, that raises a red flag. A legitimate firm that accepts engagement fees from borrowers does so because they believe they can execute the loan, having been paid a fraction of the fee in advance to work on the file. Firms that charge fees will get far fewer engagements than brokers who are engaged with no upfront fee. By limiting their focus, legitimate firms can concentrate on files that have a strong chance of closing. 

Legitimate firms perform more efficiently by not taking files from borrowers who are not serious about executing their loan or who lack confidence in their ability to close (often due to undisclosed issues). This allows firms that charge a portion of their fee upfront to lower their risk by focusing on your file to get it to the closing table. A broker who takes your file with no fee upfront is often referred to as a 'file collector.' They might shop your deal with a couple of lenders or blast it out to many lenders, potentially destroying your chance of securing debt financing. When they face any difficulty with a funding source, they often move on, leaving your file in limbo. 

In the world of 'file collectors,' they can't afford to invest too much time in your file if a snag occurs. While you might get lucky and have your loan processed quickly, that’s quite rare. We know this because we hear from borrowers who engaged zero fee 'file collectors' and watched their files stall while brokers prioritized other deals. Those borrowers often wind up at our firm eventually, or return after realizing that our engagement fees were far cheaper than the opportunity cost of not closing their loan on time. If you want your real estate or construction loan to be treated as a priority and want a real chance to close, consider paying a professional, just like you would for your accountant or gardener.