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, Oil & Gas Related Developments and many others
• Funds come out of Zurich, Switzerland via a US Based Corporation which owns/manages the Hedge Funds
• Very Low Interest Rates --- LIBOR + 2% (roughly) - Based on 90 Day LIBOR
• Borrower has the option to make loan payments from day 1 OR they can defer the payments until construction is complete. Most borrowers defer the payments.
• Once Construction is complete the loan can convert to a semi-permanent loan for 5 to 20 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 the same lender will set up a Bridge Loan which the proceeds of which will be held in the same Third Party Escrow Account.
• IF a Bridge Loan is Required to meet the 10% "Funding Reserve", the Funding Sources will take a  20% equity position in the project for the life of the loan.
• IF the borrower has the 10% to put into escrow then the loan is a true 100% Financing with NO equity participation
• The 10% "Funding Reserve" is held in the escrow account until the final draw on the project. Upon the final draw the funds are returned to the borrower or if a bridge loan, they are returned to the funding source.
• No Presales Required on Residential Developments. If there are not at least 40% of the Properties Pre-Sold, then a Feasibility Study must be provided. The Feasibility Study must be generated by a non-biased third party who specializes in such reports.
• This Program does NOT allow for multiple projects to be funded under one loan.
• Projects located within the United States are not eligible unless they are Oil / Gas Related. Absolutely No Residential Projects on US Soil will be considered regardless of the pre-sales. 

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 15 to 30  days) then the main loan is completed.
• 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) 

The funding source makes all attempts to keep any "Up Front" fees to a minimum. Other than the initial $5,000.00 any other fees would be the result of (This is a list of possible causes of additional up front fees): 

• Needing to have a Third Party Review the Pro-Forma and Construction Budget. If these documents were completed by a reputable third party, then there will be no fee for this.
• Site visit. Rarely does this funding source make site visits, but if one is warranted, then the borrower is expected to pay for the expense in advance.
• Feasibility Studies. If a Feasibility study is needed due to the lack of Pre-sales, then this expense will be paid by the borrower in advance.

For additional details please contact:

. 

Please keep in mind that terms and guidelines for this program can change at any time, including the interest rate and how it is calculated. For current terms and guidelines please contact us for the latest information.

 
Sincerely,
Sean Allen
Lic. Mortgage Broker
International Financing Solutions
with The Mortgage Professionals
Skype: sean.allen5
www.InternationalFinancingSolutions.com

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