Terms & Conditions

These Terms And Conditions for Professional Independent Business Owners PIBO

IMMF is in the business of originating, processing, funding, closing commercial loan products in Private Money aka “HardMoney” through its network of PIBO,  Professional Independent Business Owners PIBO, PIBOs desires to submit private or commercial loans to IMMF from time to time for consideration by IMMF. (“Party or Parties”) wish to establish a nonexclusive relationship whereby PIBOs submit Private and commercial loans opportunities through IMMF Portal “FAST START” on new potential business lending opportunities for possible funding. In consideration of the mutual covenants and conditions contained herein and for other good and valuable consideration, the Parties agree as follows:
1. New Loan Submission, All new Private and Commercial Loans are subject to the terms, conditions and limitations contained  in this Agreement, PIBO agrees to submit  to IMMF new loan opportunities for review, it new submission are accepted by IMMG, IBOP agrees to assist IMMF with gathering certain loan information from borrowers to get loan ready for underwriting and “CTC” Clear To Close. PIBOs agree and  acknowledge that IMMF will have the final sole decision to determine if any new loan has the merritts and lending conditions to determine if any Private or Commercial loan is subject to a full underwriting process. IBOPs will not represent that IMMF has approved or will approve any Loan until IMMF senior  staff  officially provides IBOPs “CTC” in writing. IMMF Commercial is the business of producing private loans, Bridge Loans, Fix and Flips, DSCR, New Construction, Acquisition or Recapitalization Loans, Stalled Instruction, Rescue Capital, Land Deal Capital, Domestically and Internationally, and under no circumstances is obligated to accept any loan regardless of type or size of loan. 
 

2.  IBOPs – Nothing in this Agreement shall be construed IBOPs an agent, employee, representative, joint venture, or partner of IMMP. IBOPs shall not be deemed to  be independent contractor, agent, or representative of the loan applicant, all Loan Application will be taken by IMMF staff, until IBOPs complete their IMMF Training. During the term of this Agreement, IBOPs responsible shall pay in full, to IMMF start-up fee in the amount of $895.00, this will include IMMF dedicated Website with IBOP Domain Name, plus $500.00 for setting up SM Portals, FB / IG Business Page, Titock, LinkedIn Profile, and Custom CRM for AI Marketing, Auto Texting and Nourishing new business leads, $95.00 monthly fee for support, Monthly Branding Materials, including all US Holidays, Top 10 Hispanic National Holidays, and IMMF Product Loan Material Flyers for eblasting or using on all social media channels. IBPO agrees not to represent or imply to any Borrower that IBOP is a direct lender or have the capacity making any loan decisions, including any representation that IBOP’s office is an office or branch of IMMF. IBOPs under any circumstances have any power or authority to bind IMMF.

3.  Compensation to IBOPs – Referral Fees will only be paid to IBOPs on closed loans, under no circumstances, will IMMF advance any fees on any pending to close loans, IBOPs waives and relinquishes any and all claims against IMMF of any wrong doing concerning loans that can’t close for any circumstances, referral fees shall represent the fair market value for type and size of loan. It is agreed and understood that IMMF is relying on the accuracy of the information submitted by IBOPs.Â