Hector R. Perdomo Sr.Proud to serve as Volunteer President of the Naismith Int’l Basketball Foundation. Through the 2025 Good Sportsmanship Tour, we use basketball to reduce youth recidivism across Florida. #Legacy #Impact

N.I.B.F. EQUITY FINANCE- HELP PROMOTE YOUTH MENTORSHIP

Name: N.I.B.F. EQUITY FINANCE- HELP PROMOTE YOUTH MENTORSHIP
Uploaded: 2025-03-06T18:16:03+00:00
Duration: 1 min 13 s
Channel: Hector R. Perdomo Sr.
Description: The video explains how the Naismith International Basketball Foundation (NIBF), a 501(c)(3) nonprofit, partners with private lenders to offer…

6 Mar 2025 · 1 min

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1:13

The video explains how the Naismith International Basketball Foundation (NIBF), a 501(c)(3) nonprofit, partners with private lenders to offer equity‑based financing for owners of residential or commercial property. Instead of traditional bank loans or credit checks, funding is based on the amount of equity in a property, allowing borrowers to receive up to 50‑75% of the property's value through tools such as a Home Equity Line of Credit (HELOC) or cash‑out refinance. The speaker walks through a simple calculation: a $500,000 home with a $250,000 mortgage leaves $250,000 equity; refinancing for $400,000 yields $150,000 cash after paying off the existing mortgage. Investors receive a share of the home’s future appreciation in exchange for the cash provided, making each case unique and focused on property value rather than credit score.

Chapters

Use home equity or property value as a funding tool in home equity line of credit, HELOC, cash-out refinance. The Naismith International Basketball Foundation, NIBF, a 501(c)(3) tax-exempt nonprofit, #91-1917711, that works with private lenders to provide flexible Case-by-case funding solutions for owners of residential or commercial property. No banks, no credit checks, just equity-based funding. Funding up to 50 to 75% of owned property value. Every case is unique. We fund based on your property, not your credit score. Find out how much equity they have in their property. Current home value, remaining mortgage balance equals available equity. If their house is worth $500,000 and they owe $250,000, they can refinance for $400,000 $100,000 and get $150,000 cash. Investors buy a share of the home's future value in exchange for cash today. Use property as collateral to get funding from private investors.