Project Financing

Assistance with :

  • Fund-raising – both equity and debt through Financial Instruments & Guarantees
  • Asset Securitization

Fund-raising – both equity and debt through Financial Instruments & Guarantees

PROCEDURES FOR POJECT FINANCING
CONSTRUCTION TO PERMANENT FINANCING
80% + Loan To Cost ~ Non-Recourse
Low Fixed Rate General terms below.

Financing subject to project acceptance and underwriting approval

  1. Private USA and Global Commercial Lender
  2. Minimum $10 million, NO MAXIMUM. Currently funding over $1 Billion for Projects.
  3. Single or Multi-Projects
  4. All Types of Real Estate: Resorts, Hospitality, Hi-Rise, Energy, Industrial, Multi Storey Structures, Infrastructure, Healthcare, Private and Government Loans, etc.
  5. 100% Financing on Project Cost: Hard, Soft, Financing, Interest Reserve
  6. Program requires a 20% Deposit in the form of any acceptable bank instrument (SBLC, BG) of Total COST at closing. The 20% is HELD BY THE LENDER FOR A PERIOD OF 1 YEAR… THE BANK INSTRUMENT  IS RELEASED FREE AND CLEAR TO THE ISSUER AT THE END OF 1 YEAR PERIOD.  Projects costing more than $400M and above may likely require less of a Deposit. Deposit amount is determined by total cost of project and monthly draw schedule over the construction period
  7. Non-Recourse loan or low fixed interest 1-2%.
  8. NO UPFRONT FEES OR DEPOSITS. Customary broker and lender fees included in Project Costs
  9. Interest-only during construction, Interest Reserve Account funded in Loan.
  10. Construction-to-Permanent Financing. Loan balance transfers to self-amortizing permanent loan for 15 to 20 years WITH NO FURTHER APPLICATION OR ORIGINATION POINTS. Lender does NOT place a mortgage on the property during construction but WILL when the loan rolls to permanent
  11. Low Fixed Rate – SAME fixed interest rate during Construction and Permanent Loan.
  12. Freely pre-payable. No prepayment penalties, defeasance, yield maintenance, or exit fees after first 12 months.

NEEDED FOR LOAN SUBMISSION:

Please use the initial list below for items that need to be submitted to Lex Globus for review and submittal to lender for evaluation of the loan program.

  1. Executive summary showing details on the project, business location, scope, quality, market demand, viability, values, timing and project readiness; architectural plans and specs, entitlement approvals, construction costs, etc. and information on the developers, sponsors, experience and history.
  2. Pro-forma on the cost of the project
  3. Pro-forma on the operations over 5 years after construction (revenue, expenses, net income and more)
  4. A monthly loan disbursement draw (tranche) schedule over the term of construction, to be reviewed and approved by lender; estimates are acceptable initially and will be firmed up later in the loan documents.
  5. Proof of Funds or RWA letter from bank for the 20% deposit collateral (SBLC/BG). Actual bank instrument is issued after the project has been green lighted by lender and funding contract is signed, however the 20% collateral must be ready and available before submitting for review.

We will expedite the financing procedures as soon as we receive the above information.
All the best!

Asset Securitization

Asset securitization is issuing securities, most often bonds of short-term securities, guaranteed by cash flows, generated by different, securitized types of assets . In other words, securitization enables the transfer of selected asset groups (most often receivables), in which cash is tied up, into assets generating cash which can be used to finance company’s business activities. It is a way of direct capital gaining on financial markets through issuing papers, thus omitting traditional indirect financing, i.e. credits from traditional institutional brokers, banks, or other financial entities.

Commodities acceptable for Asset Securitization

  1. Precious metals and stones (Gold, platinum, diamond etc)
  2. Oil & Gas

What documents are needed:

  1. Mining license and all other relevant documents to prove ownership of mining rights.
  2. Geotechnical Report for the mines JORC or NI 43-101
  3. CIS of applicant.

We will expedite the asset securitization procedures as soon as we receive the above information.
All the best!