Import-export and sourcing Africa, China, South-East Asia, South America and Europe
Capital Financing Offer Funding Program
Project Funding Guideline Overview
The information indicated below is outlined in an effort to prepare and disclose to clients the general project funding underwriting process and to provide additional guidance. This overview should not be construed as a funding approval, constitute acceptance of any funding request; nor be considered a solicitation of any sort. The information contained herein is only to be used for informational purposes only.
GENERAL HIGHLIGHT & TERMS
Loan Term
1.10 Year Balloon Payment – Loan Amount above $5,000,000
2.Longer Terms may be available for loans $50,000,000 +
Estimated Rate
1.7-7.5% Fixed Interest Rate (10 Year Term | Interest Only)
Minimum Loan Amount $5,000,000
Non-Recourse Loan on personal assets (with standard carve out clauses)
No Pre-Payment Penalty
Not FICO Score based (It is asset based)
No Up-front Lender Points (3% Equity Points paid once contract is issued and accepted)
No Due Diligence fees
A Total of 5 Points may be charged by Lender at the Closing of the transaction
In addition to the Points, terms include a 10% - 20% percentage of profits, sales, or straight equity share. (negotiated per transaction)
$1,000.00 Processing Fee (Credited back at closing, otherwise non-refundable)
Structured Terms are dependent on the loan request and purpose of loan proceeds
Can have Partial Releases if purchasing multiple units, thus acting as a credit line
Required to show 2% of funding amount in liquid assets
Funds may not be withdrawn from account during the Loan Process.
Compliance Information Sheet (CIS) must be completed to ensure that borrower is not on any government list, i.e. OFAC
(Office of Foreign Assets Contro), Money Laundering, Terrorist, Patriot Act Compliance, etc.
Verification of the funds deposit are requested by the Lender
A Draw Schedule is arranged for Construction or Renovation Projects
Foreign National borrowers are eligable
No state/country restrictions
Funding process is 20 to 30 business days from insturment acceptance by the lender.
Funding to take place on the 1st and 15th of each month.
DEALS THAT WE CAN FUND
Construction Projects
Renovation Projects
Acquisition (Residential, Commercial, Mixed-Use, Land, Bulk)
Land Development
Refinance
*We are no longer participating in hte DEW Global Finance Lending Program. We are working with addtional qualified lenders.
