chauncey
05-05-2006, 01:37 AM
Customized Structured Financing For Businesses & Non-profit Organizations Program well suited for experienced Developers, Construction Projects and other viable real estate transactions.
Financing Programs
Financing Program above 95% LTV
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 / Nonvoting
Equity Position into consideration
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
refundable upon closing.
The Loan to Fee Schedule For Escrow Deposit
Loan Amount______Fee Amount
$ 5 Mil. to $ 68 Mil. $150,000
$ 69 Mil. to $135 Mil. $175,000
$136 Mil. to $200 Mil. $200,000
$201 Mil. to $270 Mil. $225,000
$271 Mil. to $335 Mil. $250,000
$336 Mil. to $400 Mil. $275,000
$401 Mil. to $470 Mil. $300,000
$471 Mil. to $540 Mil. $325,000
Note: Loan Amounts range from $5 Mil. to $1.2 Bil. For loans above $540 Mil. please contact us for the Fee Amount.
LOAN APPLICATION & LOAN COMMITMENT PROCEDURES
1. Client submits Request for Preliminary Project Review – 72 hours Review
Minimum Requirements
a. Project Overview (3 to 8 pages)
b. Executive Summary
c. P&L, Balance Sheet and Cash Flow
d. Proposed Collateral For Loan
e. Initial Client Contact Information / Company Contact Information Sheet
2. We will issue a Preliminary Term Sheet and Sample Escrow Instructions for
Client’s review. – Within 24 hours from Completion of Above Review
3. Conference Call with Client to Finalize the Loan Terms and Conditions. – Upon Client’s Availability
4. Upon completion of successful Conference Call, we provide Client with
Initial Loan Applications Documents for the Client to complete and return to
HMG (Credit Application, NCND Agreement, Corporate Resolution, Client
Information Sheet, and Non-Solicitation) – We request the Client to Execute these documents within 36 hours
5. We will issue a Pre-approved Loan Acceptance Letter, issue the Final Loan
Term Sheet, and issue the Formal Escrow Instructions. – Within 36 hours from Client Completing the Loan Application Documents
6. Client signs the Pre-approved Loan Acceptance Letter, Final Loan Term Sheet and the Escrow Instructions along with returning these documents to us while depositing the required fee into the Escrow Account. – We request the Client to Execute the above documents within 36 hours
7. We issue Draft Loan Agreement and the Formal Client Loan Acceptance
Letter confirming our irrevocable acceptance of the Client and the cceptance
of the Client’s Project for funding. – Within 24 hours from confirmation of the
completion of all the Items in Number 6
8. Client acknowledges our Acceptance Letter by countersigning the Loan
Acceptance Letter and returning it to us. – Client is requested to respond to
Acceptance Letter within 48 hours
9. The return of the Loan Acceptance Letter to us starts the formal process to fund the Loan. – The Funding Process will take approximately 14 to 21 business days
10. We will respond to Clients Loan Application within – 72 hours
a. Request Client to make certain modifications to the Project
b. Issue Formal Loan Agreement to fund the Project
c. Conduct all of the Banking Arrangements & Establish the Accounts
d. Finalize and Approve the Client’s Loan Draw-down Schedule
e. Establish the Client’s Line Of Credit Account to accept the Draw-downs
f. Establish the Estimated Loan Closing Date
11. Client performs the following:
a. Completes Account Set-up Documents
Client is requested to complete this Step within 48 hours
12. We provide Client with these documents to sign.
a. The lender Representation Agreement
b. Client receives the Line Of Credit Contract
Client is requested to complete this Step within 48 hours
13. We conduct the monetizing of the Client’s Loan and deposits the Funds into the Client’s Line Of Credit Account .
The monetizing of the loan takes approximately 10 to 14 days
14. Conduct Closing and execute the Loan Agreement, Line of Credit Contract and all other Agreements associated with this Loan. – Scheduled based on Parties Availability
15. 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. – Will Occur At Closing
16. We reimburse the Client for the Advanced Fees paid by the Client in order to trigger the Loan Processing Functions. – Will Occur At Closing
17. Our 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.
Financing Programs
Financing Program above 95% LTV
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 / Nonvoting
Equity Position into consideration
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
refundable upon closing.
The Loan to Fee Schedule For Escrow Deposit
Loan Amount______Fee Amount
$ 5 Mil. to $ 68 Mil. $150,000
$ 69 Mil. to $135 Mil. $175,000
$136 Mil. to $200 Mil. $200,000
$201 Mil. to $270 Mil. $225,000
$271 Mil. to $335 Mil. $250,000
$336 Mil. to $400 Mil. $275,000
$401 Mil. to $470 Mil. $300,000
$471 Mil. to $540 Mil. $325,000
Note: Loan Amounts range from $5 Mil. to $1.2 Bil. For loans above $540 Mil. please contact us for the Fee Amount.
LOAN APPLICATION & LOAN COMMITMENT PROCEDURES
1. Client submits Request for Preliminary Project Review – 72 hours Review
Minimum Requirements
a. Project Overview (3 to 8 pages)
b. Executive Summary
c. P&L, Balance Sheet and Cash Flow
d. Proposed Collateral For Loan
e. Initial Client Contact Information / Company Contact Information Sheet
2. We will issue a Preliminary Term Sheet and Sample Escrow Instructions for
Client’s review. – Within 24 hours from Completion of Above Review
3. Conference Call with Client to Finalize the Loan Terms and Conditions. – Upon Client’s Availability
4. Upon completion of successful Conference Call, we provide Client with
Initial Loan Applications Documents for the Client to complete and return to
HMG (Credit Application, NCND Agreement, Corporate Resolution, Client
Information Sheet, and Non-Solicitation) – We request the Client to Execute these documents within 36 hours
5. We will issue a Pre-approved Loan Acceptance Letter, issue the Final Loan
Term Sheet, and issue the Formal Escrow Instructions. – Within 36 hours from Client Completing the Loan Application Documents
6. Client signs the Pre-approved Loan Acceptance Letter, Final Loan Term Sheet and the Escrow Instructions along with returning these documents to us while depositing the required fee into the Escrow Account. – We request the Client to Execute the above documents within 36 hours
7. We issue Draft Loan Agreement and the Formal Client Loan Acceptance
Letter confirming our irrevocable acceptance of the Client and the cceptance
of the Client’s Project for funding. – Within 24 hours from confirmation of the
completion of all the Items in Number 6
8. Client acknowledges our Acceptance Letter by countersigning the Loan
Acceptance Letter and returning it to us. – Client is requested to respond to
Acceptance Letter within 48 hours
9. The return of the Loan Acceptance Letter to us starts the formal process to fund the Loan. – The Funding Process will take approximately 14 to 21 business days
10. We will respond to Clients Loan Application within – 72 hours
a. Request Client to make certain modifications to the Project
b. Issue Formal Loan Agreement to fund the Project
c. Conduct all of the Banking Arrangements & Establish the Accounts
d. Finalize and Approve the Client’s Loan Draw-down Schedule
e. Establish the Client’s Line Of Credit Account to accept the Draw-downs
f. Establish the Estimated Loan Closing Date
11. Client performs the following:
a. Completes Account Set-up Documents
Client is requested to complete this Step within 48 hours
12. We provide Client with these documents to sign.
a. The lender Representation Agreement
b. Client receives the Line Of Credit Contract
Client is requested to complete this Step within 48 hours
13. We conduct the monetizing of the Client’s Loan and deposits the Funds into the Client’s Line Of Credit Account .
The monetizing of the loan takes approximately 10 to 14 days
14. Conduct Closing and execute the Loan Agreement, Line of Credit Contract and all other Agreements associated with this Loan. – Scheduled based on Parties Availability
15. 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. – Will Occur At Closing
16. We reimburse the Client for the Advanced Fees paid by the Client in order to trigger the Loan Processing Functions. – Will Occur At Closing
17. Our 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.