Real Estate Finance
Ron Coleman
Male
Snellville, GA
United States
Profile Information:
- Company name and description
- UP TO 100% CAPITAL FOR VIABLE PROJECTS - GLOBALLY! DIRECT SOURCE
NEPCO, INC is a private investment firm with capital participants, affiliates and assignees that fund viable projects both domestically and internationally. 100% program using your collateral including signed SPA. 3% rate with 11 year term. 3 year forbearance on payments. 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:
• Providing a clear path to capital placement by decreasing the time for due diligence
• Identification, packaging and presentation of underwriting document requirements.
• Third party, independent verification and reporting along with “need and necessity” study.
• A more secure risk mitigation model for our investors through executive and directors insurance guarantee.
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.
Program highlights:
Minimum loan amount is $10M US with no maximums on asset based lending
Funding is based on strength of project not LTV or LTC
Moratorium on payments by use of an interest reserve for a reasonable period
Bank rate or better pricing 4%-6%
Terms of up to 30 years
Closing of escrow can range from 30-120 days with 60-90 days being the average. Timing is dependent upon client response and third party reporting
What we need to determine project merit and risks:
• NDA & Project summary questionnaire (Provided)
• 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
• Exit strategy
• Financial statement-Personal/Corporate
• Proof of funds invested to date in the project
You will need:
• A project ‘fit for purpose’ i.e. ready for capital with all licensing, permitting and any entitlement or incentives in place or committed to be in place within 90 days
• Cash invested in project (we can help through IRS approved credit enhancements)
• Equity in project (we can place an equity strip if needed)
• Some capital reserve available to for necessary third party investigation and reports and other lender requirements like site visits, feasibility reporting, due diligence investigation and reports, appraisals or business valuation documentation (we can help with possible crowdfunding programs)
• Background of Principal and infrastructure team with track record of success
• Unique position of project, innovations or principal experience that enhance the success of the venture
• Market research, program, plan or strategy to identify, capture and deliver your product or service to this market.
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.
JHARMAINE BROWN-HARPER
Hi Ron, I would like for you to take a look at a cash out refi for 6.5 million on a Christian daycare property worth 8.9 million in Ohio, need a quick close, client owes IRS $830K, that needs to be paid off asap. I have everything you need, we have put this loan through a couple of brokers/lenders have wasted our time, and it is running out ...Can you see if you can help me?
Feb 17, 2014
Ron Coleman
Feb 19, 2014
Ben Ogunjobi
Hi Ron I just sent you an email requesting for information about your lending criteria in Massachusetts for both Rehab and single family construction.
bogunjobi@msn.com
Apr 5, 2014