100% Developer Financing  

This program is for any Development Project located around the World. The Funds for this program come out of 5 different Hedge Funds located in Switzerland, and due to the devaluation of the US Dollar, the funding source has a huge appetite for projects in Central & South America and the Caribbean. This particular program does require a 10% ‘Funding Reserve" provided by the borrower OR we can set up a Bridge Loan to supply this 10%. 

The breakdown for the program is: 

  • 100% Developer Financing with a minimum loan amount of $15 Million USD.
  • Project types: Resorts, Hotels, Marinas, Condominium Complexes,  Residential Projects, Airports, and many others
  • Funds come out of Zurich, Switzerland
  • Very Low Interest Rates --- LIBOR + 2% (roughly)
  • Once Construction is complete the loan can convert to a semi-permanent loan for 5 years at the same rate as the construction period
  • All financials for the project (Budget, Pro-Forma, Etc.) must have been prepared by a reliable & experienced source. Otherwise fees apply for a third party review.
  • Loan requires the Borrower to have 10% of the requested loan amount be placed into a Third Party Escrow Account in Atlanta, GA. This 10% is a "Funding Reserve" to be held in case the cost of construction exceeds the loan amount. IF the borrower does NOT have the 10%, then we will set up a Bridge Loan which the proceeds of which will be held in the same Third Party Escrow Account.
  • Funding Sources will take a  20% to 30% equity in the project. 

After the documents have gone through an initial review: 

  • The borrower will be provided a "Letter of Intent" (LOI) and a Consultancy Agreement by the Funding Source
  • If the Terms of the deal are satisfactory, then the borrower will sign the documents AND wire $5,000.00 to the funding source for Due Diligence.
  • If a Bridge Loan is Required, it is secured first. Once it has closed (usually within 30 days) then the main loan is completed and the Bridge loan is paid off via funds of the main loan.
  • These loans typically close very quickly (within 45 to 60 days) 

Initial Document Needed:

  • Executive Summary
  • Budget  -   Pro-Forma
  • Financial Statement of the Principles
  • Summary Page on the project (please request this form from us) 

For additional details please contact:

Sincerely,
Sean Allen
Skype: sean.allen5
www.InternationalFinancingSolutions.com


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Post is included in group: Commercial Real Estate
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Post is included in group: Florida RealtorĀ® Network
Post is included in group: South Florida Commercial Real Estate

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~ Sean Allen ~ International Financing Solutions

Fort Myers, FL

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International Financing Solutions

Office Phone: (239) 482-6866

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