1. Special program is for those in need of $10 Million and above.
2. It is, essentially, a no-doc, no red tape,
3. 10-year INTEREST ONLY Loan Program
(currently from a 5%-7.2% interest rate)
4. With no asset dilution whatsoever
5. No PERSONAL guarantees , fast track closings
6. No prepayment penalty AND No principle payment due - EVER!
7. As long as the clients have a VIABLE project or projects
(they may blanket as many projects as they would like to underneath one dollar
amount),
8. “”VERIFIABLE cash-flow””
(and matching three year proforma to support) coming from SOMEWHERE
(doesnt necessarily have to be from the project or projects in question)
9. An Executive Summary or Business Plan for EACH project involved in the
TOTAL dollar amount they are requesting,
10. Their Approval Letter (absolute guarantee of funding) usually arrives within two
weeks, and funding generally occurs two weeks after that.
11. Thirty days is the average funding time.
12. Funding moves along the FASTEST when the client(s) already have great
relationships with LARGE, nationally chartered, overseas or offshore banks
(not your local banks) that can handle larger dollar amounts.
13. If relationships have to be established for your clients, then for obvious reasons,
funding could take slightly longer.
14. Banks with parent companies rooted in Europe, seem to be able to handle billions and
billions of dollars, with no problems at all.
Most U.S. banks have the laws of only being able to grant out up to 5% of their
assets.
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