Presented by: Jamil A. Massengill, International Business Consultant | Facilitator
Company: JAMAIA Financial Marketing Group, Inc.
Product: Global Project Funding
About the Bond Funding: 144A Bond Funding is a fast, Low Cost Non-Recourse way to Finance many
types of Real Estate and Non-Real Estate Projects.
Benefits of a 144A
Bond Offering:
- 100% LTV
- No Personal guarantees
- No Credit Checks
- No Asset Verifications
- No Loss of Equity in the Business
- Quick turnaround time often within 90 days -120 Days
- Low Underwriting Fees
- Flexible Repayment Terms
Eligible Projects:
Many Types
- Standard Real Estate
- Construction
- Rehabs
- Apartments
- Mines
- Oil & Gas
- Energy
- Non Real Estate such as; Technology, Pharmaceutical, Major
Business Acquisition and Expansion.
Highlights:
Territory: Worldwide
Amount $10M - $500M+ no Upper Limits (require 1% of
the project amount)
Amount $1
M - $9.99 Million (require 2% of the project amount)
Underwriting
Fee: On transactions under
$5,000,000.00 USD, the client must typically have cash between 1% to 2% cash
against total project costs to be paid in stages for the capital raise over the
period of time it takes for that capital raised. On larger transactions the
cost of the capital raise can be as low as 0.10% against the total funded
amount.
Case By Case
Basis
(See some recent examples)
$500 M Bond Deal and the fee was
$240K
$250M Bond Deal and the fee was
$150K
$17M Bond Deal and the fee was $45K
Terms: Up
to 30 years amortized with balloon payment (negotiable)
Points: Bond Company charges
5-6% points / corresponding lender charges 5-7 points. Interest rates from 5-6%,
Points
are built into the bond.
Collateral: All company asset either
existing or created by the funding
Interest Rate: For projects approximately 4.5% to
8.5% per annum interest only.
May vary by
market conditions
Third Party
Reports: Client is responsible at
client’s expense for any and all underwriting fees, reports, appraisals and any
other type of third party compilation reports needed to close the project,
prior to closing.
Process: - Send preliminary package, Bond Questionnaire
and POF for fee amount
-
Multiple conference calls
-
Bond company analysis and pre-underwriter
-
If bond company issues a positive opinion in 2-3
weeks
-
Bon company engaged and bond underwriting fee
paid
-
Bond created
-
Funding
Bond Funding Clarification from our Funding Source
In regards
to the underwriting fee, that stands by itself. That is paid directly to the
bond company. The principal is responsible for all 3rd party reports
(which are separate from bond fee) such as appraisals, BPO due diligence and
environmental reports. These reports are part of the initial package someone
would send me.
We
have a very particular niche that we focus on in the lending business: 144A
bond funding. I will attempt to give you an overview in this email. What
we offer is 100% financing with No Money Down, No Credit Check, Asset Based and
minimum for funding is $1 Million and there is No CAP. We can do this
in all 50 states and internationally.
Do you have a project that needs funding? In today’s market
that seems so uncertain and unclear of where things are going, our particular
market isn’t affected as much.
Two things that make us stand out: First, we give a “Lump sum
check” to the client for funding. We give the client all of the money upfront.
Second, we also give the option of deferring payments up to 12 – 24 months on
certain occasions like start ups who want to get “cash flow” before making
payments.
There is no charge to review your file and for
pre-underwriting. The bond flyer will give you recent examples of transaction
that type of fee associated with it. After multiple conference calls, you only
pay a bond fee if the bond company makes you an offer and you decide to move
forward. We also give you a referral of who has closed with the bond company to
speak with.
***Note: there is a retainer fee of
$4,500 - $6,500 for proposal admin expenses determined by the size of the loan
request. This is due when you are ready to engagement the funding process. This
will be explained once the due diligence and application process is finished.
The following is
needed to complete the due diligence and the application process
1) Two forms of ID
2) POF - Tear Sheet, Bank Statement or a BCL (Bank
Confirmation Letter of Funds available 1% of Project amount
3) Executive Summary and Business Plan
4) Questionnaire - see attached Form
5) CIS - Fill out two page Client Information Sheet for a
Business Profile
6) NCND and Fee of 1% for introduction and Success fee
7) Letter of Request: Requesting Information, amount, and
type of fund desired
Contact Information:
Jamil
A. Massengill
International Business Consultant | Platform Manager |
Facilitator
JAMAIA Financial
Marketing Group, Inc
Life, Health, and Financial Services
Direct: USA 1-910-578-0338
Skype: jamaiafinancial
Email: JAMAIAFinancial@Adpost.com
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