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“He has tried-and-true recommendations that he is more than willing to share”

“My husband and I worked with James to find our new home in DC. We were new to the market and had lots of different thoughts about what we were looking for. James was incredibly patient as we traveled from neighborhood to neighborhood, from free-standing houses with yards to condos with street parking! James continues to be very helpful with brainstorming renovation ideas, giving recommendations for contractors/painters/glass workers. He has tried-and-true recommendations that he is more than willing to share. During the negotiation and settlement process, James was 100% present the whole time, keeping us up-to-date and running every decision past us. He took the time to explain each aspect of the bidding process, each point on the contract, and every step of the settlement process. We never felt pressured to increase our number or establish an escalation clause before the offer was submitted. James has a fabulous understanding of the bidding process and was able to predict (I sweat he has a crystal ball) how the seller would respond to different bids, inspection reports, etc. My husband and I would wholeheartedly recommend James to anyone looking to buy in the DMV area. When we are ready to move to another place we will definitely be using James to help us sell and buy somewhere else. We cant wait to have him over for dinner in our new place! Thanks for everything, James!”

Erin P.B. Katz

“Not only did James do a fantastic job for us we will always be thankful for the lesson he taught us.”

“James showed us how to let go of the part of the real estate business that was just taking up our time. By trusting his vision and putting his strong, extremely competent and creative talents to work for us, we finally learned to hire others who were better than us to do things that were using up our time. Not only did James do a fantastic job for us we will always be thankful for the lesson he taught us.”

Eric Weaver

“Thank you to all of the team”

“District Residential made our transition to finding the right tenants and property management easy and a welcoming experience. We know our home while being rented will be in good hands! Thank you to all of the team.”

Steven

“He created some of the best marketing pieces I’ve seen in my 25 years”

“I worked with James for years as he provided marketing, design and social media services for our real estate brokerage and directly to our agents. He created some of the best marketing pieces I’ve seen in my 25 years in the business and added much value to our endeavors during our collaboration.”

Patrick Carlisle

“Flexible, timely, agile, and all around a wonderful person to work with”

“District Residential made the journey of finding a perfect apartment seamless. Flexible, timely, agile, and all around a wonderful people to work with, their style of customer relationship had no time-limits — from the weekends calls to late evenings emails, while I was different time-zones, they were there every step of the way — consummate professionals who facilitated exactly what I was looking for in an apartment. I believe I’ve found my real estate broker as long as I’m in the DC area for the years to come.”

David Mazaheri

“They were there every step of the way”

“District Residential made the journey of finding a perfect apartment seamless. Flexible, timely, agile, and all around a wonderful people to work with, their style of customer relationship had no time-limits — from the weekends calls to late evenings emails, while I was different time-zones, they were there every step of the way — consummate professionals who facilitated exactly what I was looking for in an apartment. I believe I’ve found my real estate broker as long as I’m in the DC area for the years to come.”

David

“At each step of the process, we never felt pressured”

“As first time homebuyers, we were intimidated by the market and unfamiliar with the process, but we love DC and were open to living in a variety of neighborhoods. We were looking for someone who would be patient while we learned the ropes and who would help us feel confident in a highly competitive market.

We found all that and more. They helped guide us through many properties around the District to more fully understand what we were looking for in a house and a neighborhood.

At each step of the process, we never felt pressured to make an offer or any other decision with which we were not completely comfortable.

They were able to educate and empower us with his knowledge of the market, and his engaging personality helped us thoroughly enjoy the experience from start to finish.

After looking for just about a month and putting in two offers, we were under contract for an amazing house in Petworth. We’re so thankful they were in our corner advocating for us every step of the way.”

Adam & Rebecca Evans

“James’ mind works at another level from the rest of us humans”

“James’ mind works at another level from the rest of us humans. Because of his creativity, my sales material was unique, compelling and always impressive.”

Shelly Sutherland

“We found all that and more with District Residential.”

“As first time homebuyers, we were intimidated by the market and unfamiliar with the process, but we love DC and were open to living in a variety of neighborhoods. We were looking for someone who would be patient while we learned the ropes and who would help us feel confident in a highly competitive market.
We found all that and more with them. They helped guide us through many properties around the District to more fully understand what we were looking for in a house and a neighborhood. At each step of the process, we never felt pressured to make an offer or any other decision with which we were not completely comfortable. They were able to educate and empower us with their knowledge of the market, and their engaging personalities helped us thoroughly enjoy the experience from start to finish. After looking for just about a month and putting in two offers, we were under contract for an amazing house in Petworth. We’re so thankful they were in our corner advocating for us every step of the way (including pushing back on settlement and personally climbing on the roof to show the seller that inspection items were not addressed correctly and made sure they were fixed!).”
Adam & Rebecca

“Highly recommended and we would plan on using her as our agent again in the future!”

“We used Molly as our agent for both selling/buying, upgrading from a condo in DC to a house in Maryland. We first met Molly at an open house and were impressed by how much she remembered from our short conversation in the follow-up email she sent to us later that day. Throughout everything we appreciated Molly’s honesty and how she listened to our thoughts and concerns — she never came across as condescending or as if our concerns didn’t matter to her. When it came time to put an offer in on the house she was very aggressive in beating out a competing offer, which we appreciated since we had never been in that situation before. Molly also communicated with us constantly throughout the process and responded instantly whenever an issue came up. Highly recommended and we would plan on using her as our agent again in the future!”

David Garber

“If you’re looking to buy or sell your home I highly recommend that you choose Molly Branson as your agent”

“If you’re looking to buy or sell your home I highly recommend that you choose Molly Branson as your agent. First, Molly is friendly and easy to work with. She always made time to answer our questions and was very clear about where we were in the process of selling our condo. Molly also did a great job showing our condo. She used everything from advertising on social media, phone calls with her network of agents, and two open houses. Our condo was on the market for two days and sold over list price. We plan to use her as an agent again and will definitely recommend her to our friends.”

Jason Trentacoste

“Molly was patient and flexible, and stepped in when she needed to in order to make the transaction happen”

“Molly was patient and flexible, and stepped in when she needed to in order to make the transaction happen. She had great ideas which totally worked out, and was never upset or put out…even when we had to contact her with an emergency while she was on vacation.”

Vickie Drake

“James is a real go-getter with genius ideas!”

“James is a real go-getter with genius ideas! He has helped me advance my real estate business in numerous ways. He is always ready to jump in and help with anything from marketing to social media to prospecting and lead generation. He is a delight to work with – fun, smart, professional and did I say fun?”

Deborah Lopez

“Molly has been an outstanding Realtor throughout the whole process of helping me buy a new place.”

“Molly has been an outstanding Realtor throughout the whole process of helping me buy a new place. It was my first time buying and I had so many clueless questions but Molly made all of my questions important and addressed them immediately. The process of buying a place could be a little frustrating but she makes it all easy and fun and fast forward 5 months, I have a condo that I really like. She is patient and never pushy, this is very important because no one wants to be pushed and buy a place that they will end up not liking. I really had a great experience of buying a place with Molly and she went above and beyond every time. I couldn’t wish for a better Realtor and experience. You would be lucky to have her as your agent.”

Kali Ferede

“He improves everything that he touches!”

“I employed James to manage and deliver my real estate print, social media and online marketing. James is a brilliant, savvy idea generator, brimming with creativity and energy. His excellent editing and writing skills result in marketing copy that is direct and full of impact! James delivers visually appealing results and he improves everything that he touches!”

John Solaegui

“Thank you to all of the team.”

“The team made our transition to finding the right tenants and property management easy and a welcoming experience. We know our home while being rented will be in good hands! Thank you to all of the team.”

Steven and Beth Fabbri

“He’s fun to work with, and smart as a whip.”

“James did marketing work for some of my real estate development properties, and was consistently energetic, focused, and creative. He’s fun to work with, and smart as a whip. No hesitation giving him a strong recommendation.”

Joel M. Karr

“He is passionate, creative, out of the box thinker, with a can-do attitude”

“We hired James and Intersect to build our website and on line presence for our real estate business. He is passionate, creative, out of the box thinker, with a can-do attitude!”

Alla Gershberg

“I’m grateful for his positive spirit, can-do attitude, creative genius and OCD-level work.”

“Being a real estate agent requires the ability to juggle many things at once. Agents need to focus on their clients’ needs, and should delegate what they can as soon as they can. I simply cannot provide great customer attention if I’m preoccupied with my website or social media. Enter James Kastner. James not only unburdened me but he took my website and social media sites and ran with them. His elegant and creative design propelled my site into something more than I hoped for. And social media? Forget about it! I’m all over the place – key in this short-attention-span society. James has given me what I feel is priceless: peace of mind. I’m grateful for his positive spirit, can-do attitude, creative genius and OCD-level work. It’s always perfect, error-free and on point. Thank you, James!”

Mary Macpherson
2037

Developer Financing

Benucci CapitalAboutLoan ProgramsInvestingFAQs

“Benucci Capital strongly encourages (and at times, requires) developers to use James Kastner and the District Residential team for the resale of our investments. With James and his team, we can be assured that we will all receive the highest level of marketing and exposure to the market as possible.”

– Joe Benucci

Benucci Capital is your #1 source for private/hard money financing for Virginia, Washington DC, Maryland, South Carolina and Florida. Benucci Capital specializes’ in rehab financing for real estate investors and commercial bridge loans. Benucci Capital is a local private lender you can trust. They are ideal for real estate investors who need short term funding to acquire, renovate and rehab distressed properties.

Residential Rehabs

  • Fix and Flips
  • Distressed Property purchases – REO’s, Short Sales, Auctions
  • Short term bridge loans on commercial properties

Why choose them for your investor rehab loans?

  • Up to 100% financing available based on purchase price
  • Loan amounts up to $5 million
  • Fast closings
  • Local lender and local decision makers
  • Less paperwork than a traditional lender
  • Flexible lending guidelines
  • Quick approvals – usually within 5 days of submission
  • Limited income verification or NO DOC
  • LTV up to 70% of the “after repair value”
  • Competitive rates and terms
  • No prepayment penalties

Non-owner occupied vacant properties only – all funds must be used for a business purpose.

 

Benucci Capital LLC is a seasoned financial company that provides capital to Real Estate Investors. The Virginia based company is lead by Joe Benucci. Mr. Benucci has over 25 years of lending experience and generates in excess of $40 Million of private capital on an annual basis.

The company conducts business with experienced investors in need of capital to fix and flip properties in Virginia, Washington DC, Maryland, South Carolina and Florida. All deals are managed from purchase acquisition to close by Mr. Benucci. Key competitive advantages for Benucci Capital LLC are availability to capital, quick response to clients, market mind share from years of experience, and ability to close quickly.

By offering niche capital, along with excellent service and familiarity of market conditions, Benucci Capital LLC, has built a sound network of seasoned Real Estate Investors in the region. Most important, however, Mr. Benucci understands the value of long term business relationships as a key driver to successful and profitable outcomes.

 

Types of Properties and Deals Done:

  • Residential Rehab (Non-owner occupied)
  • Commercial (Office, Retail, Warehouses, Mixed-Use, Gas Stations)
  • Condo Conversions
  • New Construction (from ground up)
  • Vacant Land / Land Development
  • Unlimited Cash Out Re-fi’s
  • High end residential properties

Loan Terms

Note: None of the loans have pre-payment penalties and they do not require income docs, tax returns, or bank statements. All credit types are considered (approvals are based on property).

Residential Rehab Loans

Benucci Capital will lend you the money for the acquisition and renovation of residential distressed properties. They also do cash out refinancing.

  • Between 50-70% LTV based on ARV
  • 9-month balloon note (longer terms case-by-case)
  • Repair money escrowed and released in draws
  • Non-owner occupied only

Other Loan Features

  • All loans are equity-based
  • No pre-payment penalties
  • No minimum loan amount up to $5 million
  • No personal financial information is required (no income tax returns, no pay stubs, no proof of funds)
  • No employment verification
  • No minimum credit score requirement (all credit types considered)
  • Experience is not required for approval
  • 24-hour loan review process
  • Fast closings (usually within 10-14 days)
  • Repair money is held in escrow and reimbursed to borrower (in draws) as work is completed

PRIVATE MORTGAGE INVESTING EARNING AN AVERAGE OF 11%

Benucci Capital originates and underwrites high yielding, low loan-to-value loans to investors in the DC metro area.

They do not operate LLC mortgage pools – each private mortgage note made is funded directly to the insuring title company and your vesting is on each note and deed of trust.

Due diligence investor packages are sent before loan commitment which can including the following:

Due Diligence Investor Packages

  • Comps
  • Tax records
  • Pictures
  • List of repairs

Advantages of Private Mortgage Note Investing

  • High annual yields (typically 11%) secured by real estate
  • Interest payments are paid monthly
  • Low volatility returns not correlated with the stock market
  • Substantial property equity cushions to protect your capital (loans are made at low loan to value ratios)
  • Even high quality borrower are unable to obtain traditional financing because of the credit crisis therefore we are lending on higher quality borrowers
  • Property values have begun to stabilize in many areas lowering the risk of private lending
    (an equity cushion, title insurance, attorney preparation of loan documents, hazard insurance policy, a chance to perform due diligence, short term notes 6 – 9 months is typical and you wire your funds direct to a 3rd party – a title company for closing)

For investing opportunities, contact Joe Benucci.

 

DISCLAIMER:
This is not a Security. The information provided herein is not intended to be for the purposes of soliciting a Security under State or Federal regulations. This information is intended to give the private investor alternatives to stock market investments, but is not intended to be a solicitation of a Security under SEC rules and definitions. This is intended to be a private borrowing transaction.

Are you direct lenders?
Yes. We are direct private lenders. We are not brokers.

How fast can you close a deal?
Once we have approved a deal and borrower wishes to move forward, we issue a Commitment Letter which details our loan terms and conditions. Borrower has to sign it and return to us. Upon our receipt of said letter, we can typically close within 10 to 14 days (barring any unforeseen issues with title and/or property inspection).

Where do you lend?
Virginia, Washington DC, Maryland, South Carolina and Florida

Do you lend on “as is” value or future value?
Both. If a property does not need repairs, we will lend up to 70% of the “as is” value. If property does need repairs, we will lend up to 70% of ARV (after repair value).

How do you calculate property value?
We look at sold comparables, DOM (days on market) and active listings to help us figure out value. Our target price range is a 90-day sales price.

Do you look at credit scores?
No. Credit scores are not a factor for approval. While we pull a credit report for each borrower, we do not evaluate trade lines or credit scores. We do, however, review the “Public Records” section to make sure there are no open judgments, liens, and/or bankruptcies.

Do you escrow for repairs?
Yes. We place repair money into an escrow account at settlement and reimburse you in draws (as the work is completed).