LOAN
PROGRAM
DETAILS:
100% Financing
Details
More
Information
Projects
We Fund
100%
Financing
Utilizing Escrow
Other
Unique
Lending Programs
Commercial Loan
Terms Glossary
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100% Worldwide
Straight
Commercial Financing
We now offer 100% straight commercial funding for certain
types of
projects & borrowers worldwide.
Types of Projects : Expansion for, or
acquisition of, existing
commercial cash-flowing companies, projects, properties, or new
development projects.
Minimum
Net Loan Amount: $10 Million
U.S.D. No
maximum limit.
Term:
10 Yrs. Interest rate.
LIBOR Plus 1.5%-3.5%.
Margin determined by the lending bank.
Lending
Bank: A rated or better Western
European
Bank provided for the borrower.
Closing
Time: Within 30 days time or
less. The closing is all done through the designated Escrow Co.
Personal
Recourse: None
Loan
repayment &
Pre-pay:
Requires repayment of both principal and interest amortized over a 10-
year
term. Refinancing may be done before ten years, if required, with
outside
lenders. Up to 24 months moratorium on payments for new start-
ups.
Project
Location: Worldwide.
Costs
to Borrower: 2.00% of the
gross
loan amount. Escrow Co. charges and any lending bank due diligence fees
will be
additional. Brokerage points paid out of closing from notarized Broker
fee
agreements lodged in Escrow Co.
Documents Required For
Submission: Signed
LOI on the borrower’s letterhead (form available from Reata Funding
LLC), Proof
of funds statement from the borrower’s bank(s) for 2% bank commitment
fee, full
Business Plan for the Project, 10-yr. Pro-Forma, and a signed &
notarized
co-broker fee agreement.
General
Procedures:
Borrower
submits a LOI (Letter of Intent) and a bank certified proof of funds
statement
available for 2.00% of the gross loan amount borrowed.
Borrower
receives copy of Escrow Agreement for his review and acceptance. He
returns the
executed escrow agreement, his 2.00% bank commitment fee and his full
business
plan and 10 yr. pro-forma to the Escrow Co. The Escrow Co. conducts its
due
diligence review. Upon acceptance, the assigned lending bank issues a
conditional commitment for funding which is good for 90 days. Borrower,
through
the Escrow Co., reviews and authenticates the bank funding commitment.
Once
approved, the 2% is released to the lending bank.
Borrower
will then be in direct contact with his new lending bank to negotiate
costs and
general terms of the loan. The Escrow Co. certifies funds for
disbursement from
the lending bank and the transaction is now closed.
At
all times, the borrower is in direct contact with the Escrow Co. and
the
lending bank. Therefore, whatever charges or documentation are
required, they
will come strictly from the Escrow Co. and lending bank. Accelerated
Funding
Co. and Reata Funding LLC are only acting herein as introductory agents
and or
facilitators for the borrower to the funding source and do not provide
any bank
instruments or other commitments of any kind.
Contact
us today for assistance in getting your commercial project funded.
Thank you
very much and we look forward to being of service.
Tell
us about your project!
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We
can
fund
projects of
all types
in all 50
states and
nearly every
country.
_______
Is your
project $3 Million or under?
If so,
click here.
_______
Is your
project
over $3 Million?
If so, click here.
_______
Or....
Tell us about
your project
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