90/100 Project Funding Program
|The 90/10 – Enhanced Project Funding Program allows us the ability to offer up to 100% of the project’s budget with only 10% cash requirement from the client. Our private lenders work with capital asset managers using a proprietary capital accumulation method to raise funds for the structured financing of projects. The funding program allows the flexibility to funds qualifying domestic projects in an expedited manner with minimal “red tape”
Acceptable projects may include but are not limited to: real estate development, assisted living facilities, HOTELS, medical institutions, etc. We also offer funding for films. For more information on film funding
This funding program may only be used where the client can utilize our monthly funding model such as a construction loan. It is not available for purchase transactions where the client needs the complete loan amount at closing. We are only able to facilitate funding on a monthly draw schedule.
1) Executive Summary,
2) Business Plan,
3) Drawdown Schedule, etc.
Please show in the Executive Summary the amount of funds available to the client for this funding transaction. After we receive and review the information we will discuss with you the transactional and FINANCIAL feasibility of the requested funding of the project.
Please Note: Prior to project submission please review these pages on our website to ensure the project fits the general program parameters:
How it Works
The 10% deposit (minimum $1M), is placed into an attorney’s trust account (a well-known North American banking institution) where it remains until the end of the project funding and then is applied to the outstanding loan balance. Should the lender default on any agreed-to payments to the client, the client’s funds in the trust account are returned to the client. The client’s funds never leave that trustee account, are blocked and are 100% protected at all times.
Loan to Value
FUNDING of up to 100% of the requested project according to an approved budget including all fees.
Current interest rate is 5.00% fixed. Terms may be 25 or 30 year ammo with a 5-7 year call. Interest is deferred during the funding period. Loan FUNDS are issued on an approved monthly draw schedule which may begin as soon as 40 days after closing.
This loan is a non-personal recourse loan (principals, officers, and directors of the borrowing entity). The only recourse is to the project utilizing a “Special Purpose Vehicle (SPV) borrowing entity, (LLC).
$5M to $70M loan amounts available (exceptions may be made for lower loan amounts on a case by case basis). The minimum down payment is $1M.
A Binding Term Sheet is usually issued in a matter of days after full review of the project submission with closing shortly thereafter. Funding time frame is based upon a mutually agreed to monthly draw schedule. This is agreed to with the client prior to closing.
Our FUNDING resources require proper submission protocol that must be followed for a successful and timely funding. To get started we will need a full summary of the proposed project such as an Executive Summary, Business Plan, Drawdown Schedule, etc. Please show in the Executive Summary the amount of funds available to the client for this funding transaction. After we receive and review the information we will discuss with you the transactional and FINANCIAL feasibility of the requested funding of the project.
With Best Warm Regards
APEX TRADING GROUP, India / UK / USA
+91 8652524533 ( India )
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