a self storage facility and a C&G store...these are newly constructed as of 10 months ago...both are now cash flowing...have very close to a complete package on this deal...borrower is credit worthy...his net worth is over 3 MM net...gross around 5.3...
This is for a construction take out loan...loan amount very close to 2MM USD...the DSCR is over 1.8...LTV is around 40%...location is right on a major road...in Jaco..
Please tell me what kind of rate and terms you can offer...what would be the cost to do this loan...he was trying to sell the property however, the buyer was dragging his feet and time has slipped away...construction loan is fast maturing...is now willing to take an I/O product at a hard money rates...I do have two lenders willing to do his refi or the purchase...but, they charge 45K and 15K respectively and even though the 45K fee based group can fund the deal he is wanting a lower upfront fee or no fee at all and pay a success fee...
Lastly, if you take this deal on...how fast can you work it ?  I do have appraisals, his PFS...anyway, please let me know...
Sadly time is now of the essence around 20-30 days left on the clock...perhaps, shorter...15-20.

 

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Tim,

I operate an office in the Northeast for this investment banking group.  If what we offer is a fit for you please contact me at the coordinates listed below:

International Investment banking group offering 100% funding either debt or equity or combination worldwide- $1M and above!  Funding based on strength of project not LTV or LTC.  We fund in the Energy, Technology, Mining, Real Estate and Business sectors. 30 year proven track record!  

 It is our goal to offer you a quick, transparent and professional experience along with the most efficient service to fund your project.  We provide 100% of borrower’s capital request in the form of debt, equity or a combination and allow all documented expense paid by the borrower to be stacked on top of the funds requested.  We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.  (Determined on a case-by-case basis)

 To start we need a mutual NDA completed, executed and returned by all parties to the project.  Additionally, once we know the sector of the funding request i.e. Energy, Technology, Mining, Real Estate or Business we will provide a questionnaire that must be answered in detail and returned to access risk factors and determine our interest.   We are fully transparent and provide all the information for you to make an intelligent decision on doing business with us.  If the project has merit with strong principal, a very good plan, capital to support the project until funding we can get you through our in-house underwriting to funding.  We offer bank rate or better pricing not hard money.  Our rates are  based on the following indexes: Libor, Bond rate, 10-year Treasury or Prime depending on the project with terms of 3, 5, 7, 10 , 15 or 20 years.  Minimum loan amount is $1M US with no maximums on asset based lending. 

 Required Documentation: (for submission)

The following documents will be necessary to successfully underwrite and fund your project:

  • Business Plan or Executive Summary with actual or proforma income statements 3 -5 years
  • Balance Sheet/Financial Statement/Cash Flow/P & L with YTD less than 90 days old (if applicable)
  • Copy of Appraisal or other valuation (if available)
  • Expanded Resumes of all principals
  • Line Item Detailed Use of Funds for short-term and long-term projections
  • Financial statement-Corporate/Personal

 You will need to show proof of funds invested to date in the project (if applicable), ability to pay for third party expenses including a site visit, a need and necessity study (mini feasibility) along with legal and due diligence.  This is not upfront but after you receive an expression of interest in writing from the lender along with lender contact and documentation for your due diligence. My job is to get you through our in-house underwriting and to funding!  We believe that relationship is critical if we are to be successful with our business venture and without a good relationship we will not be a good financial partner. 

Ron Coleman

NEPCO, INC - GLOBAL CONSORTIUM - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS

nepcoinc@att.net  770-572-7765        nepcoinc1 -Skype

 

We can help you with the loan. We offer personal, company and business
loans to individuals and companies in severe need. Apply now and get
your financial problems solved. The interest rate is 3% yearly.
Contact us via e-mail: vatlfunding@vf.vc

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