NEPCO, INC is a private commercial non-bank lender (NBL) with capital participant’s, affiliates and assignees that fund viable projects both domestically and internationally. We have a huge amount of capital available and are looking for projects $100MM or more. Minimum loan amount $10MM, smaller amounts on a “case by case” basis. Our process is simple, consistent and fully transparent to ensure that our clients are informed and comfortable with the steps, process and requirements necessary to get their projects funded. Formed in 1990 with a focus toward the following:
As a direct non- conforming or alternative capital source without prepayment penalties we can provide up to 100% funding either debt or equity or combination for Energy, Technology, Mining, Business and Real Estate based projects.
What we need to determine project merit and risks:
You will need:
Due Diligence and other Third Party Cost:
This is the most misunderstood subject in project funding. Too often we see proposed transactions not proceed because the client does not have the capacity to pay the necessary cost. Funding requires professional third party reports to determine project viability, mitigate risk and determine likelihood of project success but this first step is not and cannot be free. You cannot successfully acquire capital with empty pockets. There are many borrowers with no money who persistently want lenders to give them a loan and pay for all of their costs. The fact is that these lenders simply do not exist. You will have to take some risks –this is why you must have a professionally developed, viable, profitable project with a detailed business plan and an excellent management team. Third party cost and other fees are common in the industry, including the performing lenders we work with. There is no shortcuts.
The cost of capital falls into four basic categories:
Third Party Studies and Reports: Feasibility and need and necessity studies determine the conditions affecting project, probable market penetration, management skill sets for managing project and possible after stabilized value. All lenders or investors will require an independent study that speaks to viability of funding the project.
Lender Points: Many hard money lenders charge from 1 to 10 additional points above debt interest, which are typically worked into the terms of the deal. These fees become part of their revenue model and are factored into the risks they are taking.
Agent/Facilitation Fees: We earn our fees by connecting clients to viable performing lenders to whom we are direct. We do not charge up-front fees. Unfortunately, many agents are not direct to lenders and simply shop the project around the internet.
We believe that ‘the relationship’ is as important as the capital in allowing us to work together for a successful outcome.
(PROGRAMS SUBJECT TO CHANGE AT LENDER DISCRETION)