commercial lending
Financing Your large Commercial Projects
The funding process I am going to describe is unique. It offers Borrowers a simple way to acquire funds for a multitude of reasons, corporate aircraft, real estate, etc. Minimum funding amounts are $15MM for real estate (although will consider viable projects starting at $10MM) and $5MM for aircrafts.
Real Estate Funding (Quick overview):
6-8% interest rate (currently at 6 1/4%)
Not to exceed 5 points (lender & brokers’ fees inclusive)
100% financing (borrower must secure a SBLC for 6 1/2% of loan amount upon issuance of LOI and credited back at closing)
1 yr moratorium on interest payments depending of scope of rehab
$7500 processing fee upon application submission (refunded if loan is not approved and credited at closing)
$15M minimum projects (will entertain strong projects of $10-15M)
No geographic limitations
Must be a viable project
Requirements:
Completed business plan or executive summary including financials
Proof of 6 1/2% from current income or bank statement
Funds must be available at issuance of LOI
NO platform trading, direct access to capital lending!
For more details on the process contact:
James J Bullock
JDB Financial LLC
james@thathardmoneyguy.com
678 383 8438
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