International Financing Solutions
A Division of Sean Allen, Inc.
High LTV Commercial Loans
International Financing Solutions has partnered with an Investment Banking Firm that will entertain Development Loans at a very high Loan-to-Value. In today's economy it is extremely difficult to secure funding for these types of deals, but we can.
The Investment Bank looks at every deal based on its own strengths. Roughly 5% of the files that are submitted to us are accepted into the program. These would typically be files that need 90% LTV or higher, depending on the loan amount requested and what is being developed.
- High Loan to Cost loan request, typically up to 98% but determined on a case by case basis.
- File is structured as a Debt / Equity financing arrangement, typically 70% debt and the balance in equity
- Client must have their own money in the transaction. Either Cash,
Land Equity or both.
- Interest Rates based on Libor (30 day) plus 5% to 7%.
- Total points collected at closing will be between 4% to 6%
- Loan terms up to 5 years depending on build-out schedule
- Closing generally occur within 45 business days
- Most closing costs rolled into loan
- Typically this program is not applicable on residential development unless there is an high number of presales with deposits
- US Based or International Properties
- Must be an Experienced Developer
- Must have a Substantial Net Worth
- File must "make sense"
Initial Documents needed:
- Detailed Business Plan
- Detailed pro-forma
- Detailed listing of monies spent on the project to date
- Personal Financial Statement on Borrowers
- Summary Form (please request)
Please keep in mind that only about 5% of the files we receive will qualify for this program. The Investment Bank will review the file with us and if they believe it can close and fund,
then they will entertain the project.
If not, they will quickly pass on the deal.
If you would like to submit your project for review, please email me the list of
needed documents (listed above) to email@example.com.
All financing programs are subject to change at any time. This includes maximum LTV or LTC, Interest Rates, Terms, and other Guidelines.