Senderra Commercial Funding is presently working with the current owners if in ground and out of ground mineral reserves to provide financing leverage against these assets.
These assets include:
- Precious metals (Gold, platinum, copper, silver, etc)
- Energy (Oil, Gas, Coal, etc)
- Minerals or metals over $100/ton
- Producing and non producing assets
- Minerals or metals located in a secure location or bonded warehouse
All assets must be located in the continental US and must be fully owned by the asset owner. The following is a range of financing conditions:
Term: 3-5 years
Interest Rate: 9-12%
LTV: 5-25%
*Longer terms are available for assets in higher tiers. I/O options are available for projects as well.
- Executive Summary (1 page) - Proof of Ownership
- SCF Submission Form - Legal description of the asset (include BLM # etc.)
- Management Bios - Production Plans & Schedules
- Assay, engineering report & reserve report - Exit strategy for loan repayment (please include contracts)
- Use of Funds & Pro-forma Financials - Contracts or off-take agreements for mined product
NOTE: Reserve and appraisal reports should be 3 years old or newer if possible or with a affidavit indicating that there has been no activity since the last study.
*We are not the direct lender but all transactions come through SCF.