Mike Drennon
  • Bonner Springs, KS
  • United States
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Mike Drennon's Discussions

$2 Million needed for a purchase and rehab of a Hotel into a Behavioral Health Center

Started this discussion. Last reply by Mark Luke Sep 20, 2013. 27 Replies

We are looking for funding options for a purchase of a Hotel in New Mexico and we will turn it into a 70 bed Behavioral Health Center.  Revenues are fully backed by the government and the need has…Continue

Tags: Hotel, Medical

$30mm Hospital Funding in Alaska and South Dakota

Started this discussion. Last reply by moore muanade May 11, 2013. 13 Replies

Looking for $30,000,000 for each location in both Alaska and South Dakota for Four Winds Treatment Center.  Need is proven by a third party feasibility study and revenue is backed by the Federal…Continue

Tags: Hospital, Medical

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Four Winds Behavioral Health Center

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At 8:53am on July 1, 2013, Ron Coleman said…

Mike,

We are very familiar with your market. 

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. 

 

(The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):

 “If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.”   I have 27 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.

 

Ron Coleman

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

At 5:17pm on March 18, 2013, Jonathan Casillas said…

We would love to talk to you about finding funding for this project. Please contact us. We can close in all 50 states. 

 
 
 

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