Joint Venture Financing Program

[Jerry O'Neill]

Quote for the day: “Show me a good loser and I will show you a good loser. Show me a resilient, committed person who after winning displays humility and grace…..and I will show you a champion." ~ Anonymous

 

Commercial Funding International, LLC (CFI) is a boutique commercial mortgage brokerage and consulting firm. We serve our Clients through our mission to be a catalyst to help achieve timely funding results.

 

CFI has a large network that includes many sources with the potential to provide both Debt Financing and Equity Capital for joint ventures for USA and International real estate development projects and alternative energy projects. The following is a summary of just one of the joint venture programs CFI has to offer.

 

Joint Venture Financing Program:

CFI has a source that can provide 100% equity financing that covers all project costs including: land acquisition, development, and construction and equipment costs. There is no interest charged during the term of the investment. Instead, the fund takes a minority equity position within the proposed project as compensation for the investment, with the buyout options determined during formal underwriting.

Joint Venture Investment Criteria: financing for all types of commercial real estate and alternative energy projects.  In general, they must meet the following criteria:

• The project is NEW DEVELOPMENT ONLY, and requires an investment of $10 million or more;
• The project must be shovel-ready--defined as ready to break ground in 90 days or less;
• The project must be sponsored by an experienced developer with a significant financial stake.

Joint Venture Project Types: (NEW DEVELOPMENT ONLY)

• Hotel Resorts and Casinos
• Assisted Living/Senior Housing
• Apartment Buildings/Multifamily Housing
• Alternative/Renewable Energy (i.e., solar, wind, hydro, geothermal, etc.)
• Green Energy (i.e., biofuel/biodiesel, biomass, waste-to-energy, etc.)
• Hospitals and Health Care Facilities
• Infrastructure (roads, highways, rail, etc.)
• College and University Buildings
• Public-Use and Recreational Facilities
• Industrial Projects
• Other Related Types

Locations: USA and International, excluding: China, India, Africa, Russia and the Middle East

Joint Venture Terms:

• 100% equity financing
• Typically three to five year term
• Non-recourse financing
• No interest payments during term of investment
• Minority equity stake in lieu of interest
• Take out with permanent financing or sale

Time to Closing: 90 to 120 days

Joint Venture Refundable Due Diligence Deposit

As a condition of financing, the investment fund will require a fully refundable due diligence deposit that will be used to cover their underwriting expenses.  However, if the project fails to close for whatever reason, the deposit will be returned in its entirety.  Guaranteed.

Joint Venture Equity Participation: During formal underwriting, the fund will determine its equity participation in the project--typically 15%-25%.  As such, they will take a minority interest in the project until completion/stabilization when they will look to exit the transaction via refinancing, sale of the project, etc.

Equity Financing Advantages:

• The developer pays no interest during the entire construction period--potentially saving millions of dollars in interest expense;
• Because the fund participates as a 100% joint venture equity partner, they assume nearly 100% of the project risk until completion or stabilization;
• Rather than the typical equity of 20% - 40% or more that is required in a traditional financing structure, the developer will only be responsible for a refundable due diligence deposit.  This will allow the developer to reduce their up-front capital requirements while retaining a larger percentage of the project.

If you are serious about securing funding and/or a joint venture, please email us a 1 to 5 page Executive Overview to:

 Commercial Funding International, LLC

Mr. Jerry O’Neill

(503) 245-2789 ph    ajon...@earthlink.net

Skype address:  jerryoneill7777

http://www.commercialfundinginternational.com/

"Service to help you capitalize your opportunities."

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