Projects $5M and up!

[chauncey 0]

Financing Program

 

Loan Minimum: $5,000,000

 

Loan Maximum: $500 million, with consideration up to $ 1 billion

 

Loan Terms: Negotiable

 

Loan Interest Rate: A function of the Project Risk / Client’s Background

 

Loan To Value: Up to 100%

 

Equity / Debt Option Arrangements: Will take Equity Position / Non-voting Equity Position into consideration

 

Hughes Fees: Negotiable & Paid at Closing

 

Timing for Acceptance to Closing: Under 30 days

 

Type of Funding: Credit Line with a Draw-down Schedule

 

Loan Processing Fees For Secondary Lending Institution: $150,000

 

LOAN APPLICATION & LOAN COMMITMENT PROCEDURES

 

1. Client submits Request of Preliminary Project Review – 72 hours Review

a. Executive Summary

b. Project Overview

c. P&L, Balance Sheet and Cash Flow

 

2. Client Acceptance Letter confirming acceptance of Client and acceptance of Client’s Project for funding.

 

3. Client acknowledges Acceptance Letter by countersigning the Acceptance Letter and returning it – Client is requested to respond to Acceptance Letter within 48 hours

 

4. Preliminary Loan Term Sheet and Suite of Application Documents are submitted to Client to begin the loan processing – 48 hours

 

5. Client performs the following:

a. Client signs Loan Representation Contract and agrees to proceed with loan application

b. Completes Account Set-up Documents

c. Client either accepts our Escrow Agent or provides detailed information on their Escrow Agent

d. Deposit the Refundable Escrow Deposit of $75,000USD into Escrow Account

Client is requested to complete this Step within 48 hours

 

6. Response to Clients Loan Application within – 48 hours

a. Formal Agreement to proceed with Project Funding

b. Or, request to make certain modification to the Project

c. Formal Loan Commitment Offer and Final Term Sheet provided

 

7. Upon Client receiving Loan Commitment Offer and Final Term Sheet, the Client must perform the following in order to secure the Loan:

a. Sign and return the Formal Loan Commitment Offer and Final Term Sheet

b. Deposit the second $75,000 USD into Escrow Account

c. Acceptance of Formal Loan Commitment Offer and executing the Loan Deposit into escrow is confirmation for both parties that the loan will be executed

Client is requested to complete this Step within 48 hours

 

8. Client provided with these documents to sign

a. Lender Representation Agreement

b. Client receives and executes the Line Of Credit Contract

Client is requested to complete this Step within 48 hours

 

9. We conduct the monetizing of the Clients Loan and deposit the Funds into the Client’s Line Of Credit Account

The monetizing of the loan takes approximately 10 to 14 days

 

10. The Client can elect to have all of the loan related fees associated with this transaction included in the Client’s Net Loan Proceeds in order for the Client to recoup these loan fees.

 

Entire Funding Process can be accomplished in less than 30 days from completing Step 1 if all involved parties respond in a timely fashion in accordance to the time frame outlined in this document.

 

 

Chauncey White

phone 323.857.1441

http://chaunceywhite.com

Financing_Program.doc