Global Equity Project Funding


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Global Equity Project Funding

I’m working with an Equity Funding Group that will fund in select markets throughout North America, Canada & Mexico, Africa – Nigeria, Kenya, and South Africa, Asia/Pacific, Australia, Cambodia, Japan, Philippines, Singapore, etc, Caribbean – Anguilla, Antigua, The Bahamas, Barbados, British Virgin Islands, Cayman Islands, Curacao, Dominican Republic, Grenada, Jamaica, Martinique, St. Martin, St. Vincent, Trinidad & Tobago, Turks & Caicos Islands, Various other Islands.. Europe – including France, Germany, Greece, Netherlands, Spain, Sweden, United Kingdom, South America – Argentina, Belize, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Panama, Peru, Uruguay

They can provide:

  • Bridge Loans – Short-term, Interest Only, no monthly payments to be made.
  • Land Loans – Up to 50% LTV
  • Refinance – 50% of Value

They will loan on these property types:

  • Historical Buildings
  • Hotels
  • Motels
  • B & B’s
  • Auto Body Shops
  • Gas Stations
  • Ranches
  • Farms
  • Restaurants
  • Night Clubs
  • Casinos
  • Day Care Facilities
  • Religious Buildings
  • Warehouses
  • Self Storage Facilities
  • Religious Institutions
  • Amusement Parks
  • Power Plants
  • Green Projects
  • Office Buildings
  • Mines
  • Industrial Buildings
  • Multifamily
  • Mixed Use
  • Vacant Land
  • Shopping Centers
  • Strip Malls
  • Dry Cleaners
  • Laundromats
  • Golf Courses
  • Country Clubs
  • Marina
  • RV Parks

 

Closing Process:

  • Submit Loan Request/Application
  • File is underwritten to be declined or accepted
  • If accepted, an LOI will be issued with terms
  • Clients will need to pay due diligence fee of $15k+
  • Borrower executes LOI and arranges for site visit
  • Upon receipt of appraisal and other docs, final underwriting will take place.
  • Letter of Commitment will be issued
  • After the Commitment letter is accepted by the borrower, docs are prepared by attorneys
  • Closing date is set and funds wired to closing attorney

Income Producing – Single Purpose LLC, Recourse- PG may be guaranteed, DSCR < 1.1, No restriction for use of funds, 3 yrs max term, Rate is 10%+, Points – 3-7 points, Max LTV- 50% of 180-day value, Security- 1st mortgage+pledge of 100% of shares, Interest Reserves are available, terms are negotiable with higher DSCR

Rehab/Construction – Single Purpose LLC, Recourse – May be required of all principals, Use of funds are restricted to the subject collateral only 1 yr, 2-year renewal terms, Rate 10%+, 5-9 points, 100% LTC, 50% Max LTV based on 180-day value, Security – 1st mortgage+pledge of 100% of shares, Interest Reserve is available

Commercial or Land – Single Purpose LLC, Recourse – May be required of all principals, Use of funds are for the subject collateral only, 1 yr term with 1 yr renewal, Rate- 10%+ 100% LTC, 50% Max LTV based on 180-day value, Security – 1st mortgage+pledge of 100% of shares, Interest Reserves are available

If you pay an additional fee, you can waive the need for personal guarantee

Submit Your Scenario for Consideration

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