OLC #1   

International Hedge Fund Lending to 100%

This is the cheapest Option we have for 100% International Finance.  Lender is a US Hedge Fund that has been in operation since 1961.  They will fund if it meets criteria and the application package is complete.  It is very important that we identify all those who will receive payments and their bank accounts so you need to submit passports, bank details etc.  They are strict on compliance to the US Patriot Act.

Loan Size: $10,000,000 no maximum.
Project Types: Acquisition, Development, Construction, Oil & Gas Exploration, Mining, Films - all types of projects
Requirements: Client deposits (or has his bridge lender deposit) 10% of the loan amount into an escrow account at Bank of America.  Funds will be held for the term of the loan or 12 months, whichever is the sooner. 
Loan proceeds will be paid out to client through construction draws (for construction / development projects), Construction/ Developments: Up to 100% loan to cost.
Loan Rates: 90 Day LIBOR + 1% to 2.5%
Bridge Lender Rates: 12% (For deposit financing)
Term: 1 to 5 years with no prepayment penalties  (Renewable with excellent account conduct)

Equity Requirement: Hedge fund takes 30% of the project equity.
Full information & Application form available once fee agreement signed.

Program Funding Steps

Step 1               Borrower provides complete loan package for underwriting ( see checklist on next page)     
Step 2               Documents are inspected and evaluated to ensure the project is acceptable.
Step 3               Once all required due diligence documents are received underwriting will commence.
Step 4               If underwriting approves the project a Conditional Letter Of Commitment (CLOC) is issued to the 
                        client.
Step 5               Borrower accepts the CLOC and (If needed, the bridge lender issues an approval for loan and)
                          transfers the 10% deposit to the BOA Escrow Account.
Step 6               Final commitment with AIA approved constructions draw down schedule (Construction & development
                          applications) is issued to the client within 24 to 48 hours.
Step 7               Loan Closing is scheduled, and total loan amount scheduled to be ready for draw down within 45 to 
                         60  days.

Fees               On Application USD600 Per applicant Paid to Hedge Fund Broker to cover background                    Checks.

                   On Acceptance of CLOC Up to USD15,000 Earnest deposit required (Refundable on
                     closing)

                   On Closing OLC Success Fee of 3% which includes the 1% payable to the Hedge Fund Broker

See loan Package checklist 

The following list will help you identify the types of information I will need to make an informed decision about your  transaction:

• Three years income tax and financial statements
• Year-to-date profit & loss and balance statement
• Personal finance statements
• Projected cash flow statements for next 12 months
• Pro forma for next 12 months / length of loan
• Federal and state tax ID information
• Collateral sheet
• Well written business plan or executive summary
• due diligence background search with a $600.00 fee "per principle" and authorization form completed ASAP with color copies of driver's licenses and passports.
•     * Executive Summary/Business Plan
      * Use of funds Illustration
      * Cash Flow Projections
      * Profit & Loss Projections
      * Draw Schedule
      * Appraisal / Purchase Agreement
      * Corporate Bios
      * Corporate Articles (Bylaws)
      * Color copies of Passport or other identification.
      * Construction Budget
      * Photos / Renderings 
  

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OLC #2

International Hard Money
Available in all regions where title insurance is available. (see Title Insurance)
From USD5 million to USD300 Million.

Hard money rates (17%) with Hard Money fees (10%+3%)

Land Loans to 50% of lenders appraised value.

Development Loans to 75% of lenders appraised value.

Note of International loans clients will need to pay the following fees directly to the lender:

On acceptance of letter of offer USD10,000

On acceptance of Letter of Commitment (Subject to appraisals and title insurance) USD90,000

In all cases:

The lender will arrange for the appraisal.

The borrower must provide title insurance (Additional cost).

Simple application with fast response and fast funding – ideal for high profit, short term money needs and often better than an equity partner or joint venture partner taking a cut of the action.

OLC Fees are paid from the closing fee costs (see the10%+3% above)

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OLC #3

International Development: 10M - $200M or more, 25% of the land cost and approximately 20% of the development costs need to be brought by the client as cash. Loans are then up to 75% LTV against completed value.

Our minimum transaction is $10,000,000 and our typical maximum is $200 million, though larger loans up to $400 million+ can also be arranged for particular projects.

Real Estate Loans Available Worldwide and for most property types and multiple purposes, including: Acquisition, Construction, Development Loans, Bridge Loans , Raw Land Purchases, Vacant Properties Retail/Office, Multi-Family, Motels/Hotels/Resorts, Automotive-Gas/Repair Stations/Car Wash, Commercial/ Apartment Buildings, Marinas/Mobile Home Parks.

 

THIS IS PRETTY DETAILED, REQUIRES A LOT OF DOCUMENTATION, BUT CAN

DO HIGHER LTV’S AND INTERNATIONAL LOCATIONS THAT OTHERS ARE NOT.

REQUIRES STRONG BORROWERS AND DECENT FINANCIAL STRENGTH BEHIND IT,

EVEN IF NOT REAL STRONG IN THE PARTICULAR PROJECT.
2-3 MONTHS TO FUND

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OLC #4
100% International Projects of all types:
Teamsters Union Pension Fund
$1Billion minimum to no practical limit.

We have a unique and new international loan program utilizing pension funds and US government guarantees to provide 100% project funding. With the benefit of government economic incentive programs we have created a program for up to 100% LTC loans over $1B that qualify. Land purchase and soft costs can be included. The sweet spot is $2B with no practical maximum.

USA Projects - additional criteria - the program requires a minority person with decent financials have majority ownership of the project or be the contractor. If it is a government project or contract it qualifies as well. Non US projects can ignore this requirement

We need an attached application with financials attached showing a net worth of at least $10 million, preferably liquid. Also include a detailed response to question #13 on the application outlining the number of jobs that will be created or involved and for how long. Be sure to include all ancillary positions for a complete number.
Up to 100% loan to cost including land and entitlements

Soft costs can be included

The project must support the debt

USA loans must be minority owned or a municipal project

8-11% typical interest rates

Decent financials are a must

VERY PARTICULAR BUT VERY STRONG FUNDING SOURCE THAT MAKES A BORROWER

OR THEIR EQUITY SOURCE VERY COMFORTABLE. ABOUT 4 MONTHS TO CLOSE.

Examples include real estate, bridges, ports, roads, airports, hospitals, refineries, energy plants, and other projects that make economic sense.

Pension Fund - Preliminary Information
1.  Brief description of the nature of the project and its location.
2.  Resumes required on principals.
3.  How much capital have the principals invested into this project, and specifically how were those funds allocated ?
4.  How much are the principals looking to borrow?
5.  What is the total amount of hard equity the principals are contributing?
6.  What are the other assets that the principals have or will contribute to the project?
7.   Do the principals have title to this property and what is the status of the appraisal? 
8.   Do the principals have all the necessary entitlements?
9.   Specific breakdown of the use of funds.
10. We need a projection (pro-forma), showing the anticipated annual revenue and net income of the project for a three year period.
11. Current financial statements are required from the principals or entity.      
12. What is the exit strategy?
13. Please list the number of jobs this project is expected to create during all major phases, including once stabilized.
USA ONLY  14. Is this business more than 50% owned by a minority person, group, or company? If so please list the percentage(s) and the qualifying minority status. If not, is it a public municipal project? OLC will issue a 2% compensation agreement that includes all brokers. In addition the program typically charges 1% out of proceeds. 

 

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OLC #5

International and US Projects to 100%: This Dubai leverage fund is from $5M minimum to no practical limit, prefer RE but will consider any project that provides them with viable collateral. Must have about 10% cash to put into this fund as a security deposit. This deposit is guaranteed and returned upon conclusion. Associates underwrite and are the exclusive agents for this fund. No other lender points or fees.

LOAN DISBURSEMENTS ARE ON A 3 YEAR SCHEDULE, GREAT FOR DEVELOPMENTS.
LUMP SUM DISBURSEMENT ALSO AVAILABLE

DUBAI  PORTFOLIO FUNDING PROGRAM

 A 32 year old Dubai company with roots in and extensive holdings throughout the region and Africa is using its assets to provide funding for international projects. The total funding amounts in all phases are $2 million minimum to no practical limit.

THE PROCESS 

The Funding source receives the initial relevant documentation from the project owner for the said project and issues a conditional approval. 
 

The applicant signs the conditional approval as acceptance of the loan terms. The project owner(s) transfers the processing fee requested in the approval (for smaller loans this may be discounted) to the fund to pay for account and legal fees and they appoint a legal signatory for the loan. 
 

The applicant is sent a request for a complete document package. The project manager and signatory are to provide color copies of their passports along with the documents requested. 
 

The project owner must have available a minimum of 10% of the total project funding amount including all fees and interest reserve amounts. This amount will be used as a cash security deposit and initial funding catalyst to be leveraged using the portfolio assets in a series of funding lengths to provide for the disbursements which will be guaranteed at close. Proof of these security deposit funds must be submitted to the fund along with the document package. 
  

Site visit necessity is determined and completed.

A closing is scheduled with the project collateral encumbered and the security deposit placed into escrow or deposited with GTS in advance.   

CLOSE

The security deposit is sent to the funds portfolio account where a CD or similar guarantee is issued on the full amount naming the applicant as the sole beneficiary. It is 100% guaranteed to the applicant and refunded when the loan is paid off.
 

Scheduled DEVELOPMENT disbursements are further released in traunches according to project progress and requirements. Accelerated funding through use of a bridge loan against future guaranteed disbursements may be requested after close and is not guaranteed.

  PROGRAM DETAILS

The Fund will initiate the financing from its own portfolio and own collateral in addition to the security deposit for the benefit of the applicant. This overcomes the problem of finding additional collateral or equity for higher LTV projects.

  LTV’s up to 100% plus payment reserves and all costs will be considered.

The deposit is to be considered a security deposit in the event of default of the loan repayment and must be placed into the portfolio account. The presence of these funds and the staggered disbursements serve to keep the LTV’s and risk low, allowing great flexibility in providing funding and great terms to the applicant. This principal sum will be released back to the borrower at the end of the finance plan in 10 years or sooner when the loan is paid in full.

The interest rate is based upon LIBOR plus 2% maximum. The present loan rate is 5% for standard loans, higher for above average risk. Typical payments are fully amortized over 10 years, due bi-monthly on the amount disbursed to date, which starts out slow. These payments can be withheld from disbursements upon request and the funding amount increased to include them.

There are no lender points and no fees other than those shown. There will be moderate ongoing release inspection expenses for the loan traunches.

Proof of funds will not be provided since it is not relevant to this program as the actual funds being disbursed comes from highly qualified and verifiable banks who loan money to the Funder against their portfolio in the traunches specified in the documentation. As a private company with many projects in negotiation at all times they elect not to disclose information that is not directly relevant to the funding process, which has all of the proper guarantees in place.

Small real property second lien positions will be considered as long as the completed LTV is no higher than 75%. Projects other than real estate will be considered.  

TO GET STARTED

To begin this process please send your executive summary and financing request to office@olcfinance.com

 

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OLC #6

High LTV or unusual International loan requests:

Associate charges $35,000 or more to gather a complete package and do the site visit to confirm the true values and then if viable we place it.

GETTING TOUGHER BUT SOME HARD TO BELIEVE LOANS ARE PROVING UP

USING THIS METHOD. THIS GETS US TO THE SITE VISIT AND IF THEY CAN

REALLY PROVE IT MAKES SENSE THIS WORKS

 

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OLC #7

International hard money – Option 2: Typically ~$35,000 fee.

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OLC #8

JV Investor groups, $250k and up, fees vary. Real Estate, Oil, Movies, Mining, Online, Business Expansion & some Startups. 2 in-house equity groups that we usually go to first before going to the public fundraising of #6  

Application Fee is $25,000

We have Joint Venture investments available at reasonable upfront costs from a group of JV investors. They will consider most project types including real estate, movies, oil & gas, alternative fuels, mining, and internet based to name a few. Low documentation with these submission criteria:

Signed cover letter from the principal detailing the loan request and the use of funds.
An Executive Summary
History of the Company
Detailed Resumes on the Principals and/or team or consultants

The process is to submit the above package along with a non-circumvention agreement, a success fee agreement, and a copy of the wire transcript for the small upfront fee which is typically about $25,000. Then an invitation for a direct meeting or video-teleconference is arranged at the clients (called the sponsor by this group) expense complete with any needed interpreters. Either way this may cost several thousand dollars but should be less than $5,000.

This program will go in on the ground level unlike most others. They charge 6-7% on their use of funds and a 20-50% JV equity share. It can fund within 45 days if all goes well. There is a $1M minimum which may go as low as $250,000 on a case by case basis.

 

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OLC #9

Investment Banking Proposals

Ideal candidates for these are existing successful businesses that can prove a track record of performance and are looking for Joint Venture capital of USD40 million or more to start a new venture or expand current operations.  

Application Fee is $10,000

Investment Banks market to their investors and you will initially need to provide a TEASER, which should include all of the information below, should be factual, full of figures and very little in the way of verbal padding.

1. Company history/background

2. Some background about the industry

3. Company's position within the industry

4. Overview of Business model

5. Strategy

6. Company Highlights

7. Summary Financial information (3-5 years of historical results and 2-3 years of projections)

Once the investment bank has shown interest you will need to provide a full business plan and due diligence package.

Where property is being purchase we would also need a document prepared and provided by the Party with the sell side mandate for two reasons. Firstly, it should specifically lay out the details of the contemplated transaction. Secondly, we will have an idea of the follow on information that a potential interested party will subsequently receive. I want to make sure that there is a proper Information Memorandum or a similar document that a potentially interested investor will have the ability to view.

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