This is the first step before the Loan Commitment or the Partnership Commitment or the Joint Venture Commitment. Please complete the totality of the questionnaire.APPLICATION DATE:
1- Company or Entity Name (Borrower):
2- Company Officer Name:
3- Company Officer Title:
4- Borrower Street Address:
5- City:
6- State/Province/Zip Code:
7- Country:
8- Borrower Phone Number:
9- Ext. Number:
10- Country Code (outside USA):
11- City Code (outside USA):
12- Borrower Fax:
13- Borrower Email:
14- Borrower Web Site:
15- Do you have liquid funds in order to provide at least 15 % of the total cots of the project?. If yes, explain. If not we can not finance your project:
16- How Did You Hear About Us?:
17- Type Of Financing Required (Commercial Real Estate Loan, Real Estate Project or Business Loan like Energy Project, Mining Project, Infrastructure Project, etc):
18- Purpose of Loan (Refinancing, Acquisition, Development, Construction, Renovation, Conversion, Start-Up, Expansion, Working Capital, Venture, Factoring,
Equipment, Other ). If other, please explain:
19- Loan Amount Required (USD):
20- Appraised Value of Collateral (USD).:
21- Down Payment (if Purchase) (USD):
22- Collateral Type (Multi-Family, Office, Retail, Industrial, Self-Storage, Hotel, Mobile Home Park, Land, Mine, Other ). If other, please explain:
23- Collateral Location: (Please Provide Street Address, City, State / Province, Zip Code And Country):
24- Description And Comments About Your Project, Type of Activity And Sector:
VERY IMPORTANT: Applicant must have liquid funds equivalent to at least 15 % of the total cost of the project (In countries with higher risks at least 20-25 %). Likewise Applicant must provide proof of such liquid funds (Client's bank or banks statements).
Example: If the total cost of the project is 140 Million USD, Applicant must provide proof of liquid funds for the amount of 21 Million USD. No exception to this rule which is the most important condition in order to provide the commitment or the letter of intent (LOI) and to continue the process toward funding.
DOCUMENTS REQUIRED
Applicant who understand the importance of good documentation and good collateral, will almost always obtain good financing and excellent interest rates, no matter how large the loan is, and no matter what the purpose. It is essential that the applicant think "from the Lender's point of view." If you were a Lender, you would
want to be absolutely sure that you would be repaid your money, even in the extremely rare or worst case of a disaster, bankruptcy, etc., by the borrower.
Give the Lender maximum confidence and assurance that he will not lose his money by lending to you. He should feel comfortable with the lending of his money.
Selection of the funding source depends on what kind of project applicant may have, the amount of money that is requesting and the risk factor associated with his
venture.
In order to be considered for funding Applicant must provide the following:
PROJECT SUMMARY
( This is the key step before the Loan Commitment or the Partnership Commitment or the Joint Venture Commitment. Please fill this form out completely. Do not leave anything blank). This Summary must be signed by a person who has been officially authorized by company's Board of Directors.
Please, copy and paste the following 26 points questionnaire, complete it and send it to us.
1- General Information.
(a) Todays Date:
(b) Project Name:
(c) Corporate Activity:
(d) Date of Incorporation:
(e) Exact amount of funding needed (USD):
(f) Type of Project (Development, Acquisition, Construction; if other please explain):
(g) What type of financing is being requested? (Conventional Debt Financing, Equity Partner, Hard Money Loan, Mezzanine, Other; if other, please explain):
(h) Is all the money needed in the first tranche?. How many phases are there?:
(i) If Real Estate, How many Acres?. Entitled or Raw?. Construction?. Mining Assets?:
(j) Was there an appraisal done?. Value Now?. Projected Value?:
(k) LTV Sought?:
(l) Does this project have a pending purchase contract?. Amount of deposit made?. Expiration date?:
(m) Amount of Debt currently on the project?. When does the note mature?. Is Payoff Required?:
(n) What is the Physical Address of the project?:
2. Please add to the package official letters and/or bank statements as evidence (Proof of Funds) that Applicant(s) can provide liquid funds for at least 15 % of total costs of the project (20-25 % for countries under higher risks).
3. Principals
(a) Amount of Equity Contribution of each Principal. What was it used for?:
(b) Are the Principals in a strong financial situation?:
(c) Do the Principals have financials?:
(d) What are their liquid assets?:
(e) Net worth of each Principal?:
(f) Income of each Principal?:
(g) Expenses of each Principal?:
(h) Monthly cash flow of each Principal?:
(i) FICO Score of each Principal?:
(j) Amount of Liquid Funds available to secure this transaction?
(k) Are Principals, Developers, Builders, experienced for this type of project?:
(l) What is the management's background for this type of project?:
(m) What projects or developments have the Principals completed?:
(n) Do the Principals propose to hold the project for investment or sell the project after completion?:
(o) What is the desired payback period?:
(p) Are there any special term requested?:
4. Further information about the project.
(a) Projected Net Operating Income:
(b) State all the collaterals provided. Are there any other assets for cross-collateralization?:
(c) Who else has the borrower applied to?:
(d) How long has the borrower been seeking financing?:
(e) Has the borrower ever been turned down for this loan?. If so, for what reason?:
(f) What is the status of all the necessary government approvals to begin the project?. What is left to complete to obtain such and what is the approximate time-frame for such approval?:
(g) Please provide name of project contractor and experience (Include Performance Bond Capacity):
(h) Please provide info on Marketing Company or Management Company if project is to be operated and held after completion:
5. A professional-quality and complete Executive Summary. It must be at least 15 pages, preferably more (15-20 is acceptable for an Executive Summary). It must contain a detailed description of the project.
6. A professional-quality and complete Business Plan. It must be at least 60 pages, preferably more (60-100 is a good size for a full Business Plan).
7. Pro Forma (it must contain contract agreements and a detailed statement articulating the expected value of Project at completion of construction).
8. Financials, including financial projections.
9. Background information and Resumes on management team and experts. Biographical and Curriculum Vitae of the development team (including builders, engineers, architect, master planner, etc). Development team prior experience with this type of project.
10. Cost estimates.
11. Organizational Chart.
12. Expected Itemized use of funds.
13. Description of project and/or product.
14. Time estimates for completion of construction and critical dates and/or special circumstances which must be met for the project.
15. Bank Guarantee or other collateral instruments (copy of any document provided by the issuer bank or banks (top 25 banks); and/or Letter of Intent to Supply the
instrument from a rated institution; and/or Letter of Intent to Fund or Loan Offer Already issued by a Lender.
16. Other available documents to support Security/Collateral. Evidence must prove that applicant has the Security or Collateral to guarantee the principal and the
interest on the loan. If applicant has a standby letter/line of credit from a Top 25 bank equal to or greater than the loan request, that is the best of all, applicant must include all documentation provided by the guaranteeing bank.
17. Marketing Plan.
18. Market Feasibility and Exit ( repayment of loan) Strategy. Description of the exit strategy planned for project and documentation available to reinforce that said exit strategy is feasible.
19. Bank References. Please, be detailed.
20. Other relevant information for the Lender or Investor.
21. Further about Loan.
Loan amount requested for total project:
Total project cost:
Cash provided by applicant to cover total project cost:
Construction time frame:
Estimated as Complete Value:
22. Property Information
Property type:
As is:
As complete:
City:
State:
Country:
Purchase Price:
Borrower’s cash investment in this property to date:
Borrower’s current debt against this property:
Current status of debt:
Current status of the land:
Are there approvals to build such project in place?
How fast can we move project if the funds were in hand now?
Please give a breakdown of the project to the sum of 100% total
Commercial:
Residential: How many units total:
Other: Please explain if other:
Pre-sales: if any, who will finance it and what is the strategy for such pre-sales?
23. Budget for Subject Property
Gross Income:
Total Expenses:
Total estimated projected profits by year:
What estimated interest rate reflects such projected profit?:
24. Please provide Draw Schedule: a detailed monthly statement articulating the scheduled draws of funds required to finance Loan (If you have a detailed monthly
draw schedule please send it). Please include DHC's Fee ( 2 % of the proceeds ) as a part of the first draw. Please list your estimated first 3 draw amounts:
Land cost or land option cost:
If land option how many months until balance is due:
Month 1 estimated draw:
Month 2 estimated draw:
Month 3 estimated draw:
25. Please provide Sources and Uses: A detailed statement articulating the sources and uses of funds requested for Loan. Please include DHC's Fee ( 2 % of the
proceeds ).
26. Please provide Risk Assessment and Management. Each project carries with its specific risks that must be identified, analyzed and managed so that the project can come to its optimal completion. Please be as detailed a possible.
By executing this application, I, the borrower, solemnly swear that all of the statements made in this submission are true to the best of my knowledge.
Business Name and official address:
For and on behalf of Principal For (project name):
By (Principal):