100% Developer Financing in Costa Rica International Financing Solutions has secured a partnership with an Investment Group to supply 100% Developer Financing for projects in Costa Rica and the rest of Central America. The projects must need a minimum of $100 million in funding and need to be either "Green" or "Humanitarian" in nature and can be virtually anywhere in the world. Here are the guidelines / particulars about the financing program: - $100 Million USD Minimum Loan Amount, No Maximum
- Must be "Green" or "Humanitarian" in nature
- Construction period for three years with seven more years to pay back the loan.
- No Pre-payment penalties if paid back early
- No payments for the first 24 months (payments are deferred until the 25th month)
- Interest Rate is roughly LIBOR + (200 to 400 basis points)
- Closing time is roughly 90 to 120 days
- Closing costs included in loan (except for legal fees)
- Loan Closing happens in country of origin
- Loans available ANYWHERE in the World (except for Iran, Cuba, & North Korea)
- Lender charges an Up front fee of $5,000 USD upon acceptance of LOI
- No Commitment Fees
- Loan can cover multiple projects under a single funding
- Projects can be located on multiple parcels of land
- Lender does not make Site Visits (saves borrower money)
- Lender does not ask for Appraisals
- Financial on Principle Partners are requested but seldom used in qualifying.
- Subject Property can be selected and purchased AFTER the loan funds
- Loan will finance 100% of the land acquisition
A short list of the project types which can be financed: - Resorts * Wind Power Plants
- Hotels * Hydro Electric Power Plants
- Condo Hotels * Tidal Power Plants
- Residential Developments * Fuel Terminals
- Condominium Complexes * Urbanizations for Cities/ Towns
- Multi-Family projects * Schools, Universities
- Office Building * Marinas
- Virtually any type of project imaginable EXCEPT for Casinos
All of the above terms seem outstanding to most people, but you need to be aware that what the Underwriters look at the closest is: - The Exit Strategy
- A 10 year Pro-Forma on the project
- The Management Team must be extremely strong and experienced
- If a residential development, there must be presales or an extremely strong Business Plan
- The Underwriters do an extensive investigation on the Principles and companies involved in the development / management. If you have a shady background, do not come to us for financing. The investigation will take 45 to 60 days.
What do we need to review your file for possible financing? - A detailed Business Plan
- A 10 year Pro-Forma
This is an outstanding program which is financed through an Investment Group that has been in existence close to 100 years. If you have a project or multiple projects that need funding, please contact us and we can discuss them. We can also provide an outline of what the business plan & pro-forma should look like and how to structure them for the best results. We only get paid if the loan funds. . Sincerely, Sean Allen Skype: sean.allen5 http://www.internationalfinancingsolutions.com/
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