Commitment Funding Loan Terms
This lender will fund 100% of the total project costs, if the client can post a Refundable Cash Commitment Deposit of 5- 15% of the total project costs.
$1 Million USD to $500 Million USD (no cap)
Stabilized Real Estate
Oil & Gas
Major Business Acquisition/Expansion
Approximately 5% per Annum, Interest Only
Fixed for 5 Years
Including but not limited to:
None (Covered by the Lender)
Client must show a valid Proof of Funds of 5% up to 15% of the total loan amount in order to qualify for financing. The Lender must be satisfied by the validity of the Proof of Funds.
Upfront Refundable Retainer Fee of $3,500 - $5,000 in most cases*
* This program is offered through one of our trusted Arranging Sources based out of New York City.
This source does charge a fully refundable Retainer Fee in order to proceed with their lending
solution. This source is A+ rated with the BBB for over 20 years. Their retainer is 100% refundable if
no offer is made by the lender or if the terms agreed to are different from the terms offered.
Lender funds 100% of total project costs.
This lender does NOT require the borrower to pay for the due diligence (underwriting) that they will conduct to close the loan, but will deduct those amounts from the client's Commitment Fee.
At closing the Lender will REFUND the remainder of the Commitment Fee to the Client.
The lender can allow for the First Year's Interest Payments to be deferred for 12 months.
No prepayment penalties.
After project completion the loan can be refinanced or paid down as cash flow allows.
Loan is non-recourse to the Borrower.
FREQUENTLY ASKED QUESTION
WHAT ARE THE LENDER'S REQUIREMENTS?
The lender must be satisfied with the feasibility of the project and that there are no major environmental issues that would prevent the project from proceeding and that the client will have all government entitlements and approvals in place by the date of closing.
The lender must also be satisfied with the financial condition of the borrowing entity and its principals.
HOW WILL THE FUNDING OCCUR?
The funding can occur either in a one time payment or in a draw down schedule as may be requested to meet the needs of the project and borrower.