| |
| Investor Relations |
| History |
| Founded in 2008, Benworth Capital Partners, LLC ("Benworth") was established to meet borrowers' needs for fair and flexible, alternative and traditional lending sources when institutional bank financing is not appropriate or available. |
|
| Company Description |
| Benworth is South Florida's top private provider of alternative short-term, first-position residential and commercial mortgages. Credit is extended to borrowers with demonstrable equity, savings and the ability to repay loan commitments. The underwriting approach deployed ensures that property and transaction types are suitable for short-term financing. While private lending is the company’s core business, Benworth has diversified into ancillary lines of business not only to complement a successful business model, but also to generate significant cash flow and build long-term value from real estate assets. |
| |
| Private Lending Investment Strategy |
| Benworth executes a strategy that is not driven by market trends or short-term profit opportunities. A disciplined, careful approach to each loan mitigates risk of borrower delinquency and loan default. |
|
| |
 |
Benworth is not – and has never been – a subprime mortgage lender |
|
| |
|
Benworth does not extend credit nor participate in land loans, second mortgages, mezzanine financing,
re-financing
of primary residences, or condo loans that are not Federal Housing Authority- (FHA) approved |
|
| |
|
Benworth develops an exit strategy before extending any loan, and works with borrowers to help identify a longer term
financing solution |
|
| |
|
Benworth proactively provides borrowers with appropriate credit counseling to help clients improve credit scores |
|
| |
|
Benworth escrows all loans for taxes and insurance |
|
| |
|
Benworth services all loans that are extended to borrowers in order to closely monitor asset quality |
|
|
| |
| Market Opportunity For Private Residential Loans |
| Despite volatile economic conditions, Florida continues to be an attractive market for residential and commercial real estate. The South Florida market is home to more than 30% of all Floridians, all with the need for a place to call home, to work and to live. Average home values continue to surpass national and state levels and in some neighborhoods, home values are among the most expensive in the nation.1 |
|
| With interest rates at historic lows and a surplus of real property on the market at attractive prices, the current environment is ideal for first-time homebuyers and investors to acquire real estate. To leverage this opportunity, buyers need a financial solution, like private loans, to avoid competitive bids, secure a property or lock in an attractive price. A private loan is also a solution for borrowers seeking bridge financing due to their personal situation, including the sale of another property. |
|
| The financial crisis of the Great Recession has made the availability of funds from traditional lending sources limited and the process longer. Additionally, personal financial hardships have temporarily tarnished what would otherwise be impeccable credit scores. Even the most qualified buyers with steady sources of loan repayment funds are unable to secure funds. These qualified buyers are seeking private loans. |
|
| Investor Profile |
| Benworth’s disciplined approach to private lending and real estate assets makes investment participation well-suited for those who seek an alternative investment opportunity in today’s ultralow interest rate environment and volatile stock market conditions. |
|
| |
|
Individual investors |
|
| |
|
Wealthy families and family offices
|
|
| |
|
Fund managers |
|
| |
|
College and institutional endowments |
|
| |
|
Sovereign-wealth funds |
|
| |
|
Pension funds |
|
|
| Investing in Real Estate |
| Recent articles about industry conditions and trends: |
|
Construction spending finally in a tiny rebound
February 8, 2012 | Read Article  |
|
Greater Miami housing sales set record in 2011
January 21, 2012 | Read Article |
|
South Florida rents rise as international buyers continue to invest in local housing
October 21, 2011 | Read Article |
|
Pricing declines for housing across South Florida in August
October 6, 2011 | Read Article |
|
Foreclosures rise across South Florida
September 8, 2011 | Read Article |
|
International investors stake their claim in Miami
August 1, 2011 | Read Article |
| |
