100% Developer Financing in the Caribbean on Projects over $30 Million USD Guidelines and Terms - This Financing Program is for Serious Developers ONLY.
- 100% Financing on Projects over $30 Million USD
- Available around the World in numerous countries
- Very Low Interest Rate - between LIBOR and LIBOR + 2%
- Interest Rate adjusts every 12 months
- Interest only accrued on outstanding balance
- Loan Payments are Deferred during the Construction Phase
- Project must have at least 35% Profit from LTC to completed LTV
- Borrower takes on NO Personal Liability
- No Pre-Payment Penalty
- Borrower must have verifiable liquid assets to qualify
- Investor takes a 25% to 35% Equity share of the project
- Loan closes in between 60 & 90 days
- Loan duration (# of years) determined by the Construction Schedule
- Draw Schedule is determined by borrower, Monthly Draw
- If a Residential Development, No Pre-Sales are Required
- Requires a Secured (100% Refundable) Deposit of $300,000.00
This "Deposit" is held in an escrow account and is refundable at ANY TIME upon request by the borrower with no questions asked. It will also be refunded upon closing of the loan. It is a Bank to Bank Guarantee. - ***If the Borrower already has money in the project, regardless of how much, they will receive that money back at closing. This would include the cost of the land, permits, engineering, pre-construction work, etc. ***
***** NO OTHER FINANCING PROGRAM OFFERS THIS !!!!!!! *****
The four main components to qualifying for financing: - Strength of the Development Team:
The entire development team is examined to determine their capability and experience of handing the project. This includes the Developer, Engineers, Builder, and other Equity parties.
- Veracity and Verifiability of Information:
All documents provided by the borrower are examined for accuracy, and does the costs and construction time table make since for the project in the geographical area in which it is being developed.
- Profit Accessibility:
Is the anticipated profit from the development project realistic and sufficient to meet the guidelines? Does the developer have a strong and realistic Exit Strategy.
- Risk Assessment and Management:
Is the Exit Strategy realistic for the geographical area? Is the project type one that will be successful in the eyes of the Investor / Funding Source?
Ideal Projects for this financing program are Hotels, Resorts, Condo Hotels, Residential Developments, Condominium Complexes. Also ideal are Energy Generating Projects like Bio Diesel Plants, Petroleum Terminals, Hydro-Electric Plants, Wind Power, Student Housing at a University, and much more. Reminder:
This Financing Program is for Serious Developers Only. If you do not have a strong Financial Statement, you will not qualify. . Sincerely,
Sean Allen
Skype: sean.allen5
http://www.internationalfinancingsolutions.com/
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Sean
I always wondered about the end loan financing on island properties, My wife and I looked at the Turks and found developers were saying buyers' pay cash and that was it, they were also saying there was no huricane insurance so I assumed lenders without this loss-payee position were not interested in loans. What can you tell me about out-of the country loans.