Joint Venture Construction Project and Improvement/Purchase Funding

(Please note: Failure to follow these guidelines exactly will result in rejection.)

Joint Venture –
Construction Project and Improvement Purchase Funding

Parameters

USD $3M to $750MM Partnerships – INCOME PRODUCING PROPERTY and CONSTRUCTION PROJECTS.

We have an appetite for income producing properties, such as hotels, motels, apartment complexes, sub-divisions, medical buildings, assisted living projects, almost anything that is real estate associated. (Not for residential home purchase)

Qualifications: Must be a viable project and have a complete business plan including 3 years financials complete with an exit strategy, proof of 10% downpayment deposit (must be liquid) and a resume to include your track record. If you have this in order, you are 90% home free!
Commercial only – (not for residential home purchase)

Areas: USA, Caribbean, Canada, Europe, South Africa, Australia, Japan, Mexico and areas that are not considered high risk due to government instability or terrorist related issues. All project values are calculated in US Dollars.

Downpayment is a 10% RETURNABLE CASH DEPOSIT. The 10% cash is converted to a CD and held for 1 year in a blocked account in your name at Bank of America or CITI and then returned to you along with all accrued interest.

New for 2010 – DOWNPAYMENT LEASE – we now have investors/banks that will lease the required 10% downpayment amount to you for the required 1 year time period. Current lease fee is 13% of the required deposit amount. Example- $10M project would require you to have $1M downpayment deposit (liquid). Leasing the required $1M would only cost $130K. This amounts to a total cash investment into your project of 1.3%!

3 years in business (less than 3 years will be reflected in JV split)
100% Funding for a term of 5 years.

Joint Venture Split – varies from 51% Principle / 49% JV Partner to 60% principle / 40% JV Partner depending upon project viability. JV Split determined upon Executive Summary review. With our JV program, you pay no interest payments, ever! You pay nothing until the project starts making money.

Current Point Charge = 10 (can be rolled into funding amount) Example: project cost is $10M. Point charge is $1M. If rolling in the point charge the total funding amount is $11M.

Submission Requirements for consideration/approval–

Executive Summary with principle resume and Performa – principle must have successful track record.
Proof of 10% Cash Consideration or Leased Funds Fee– must be liquid
Previous 3 years business financials (for file only – not verified)
Appraisal and Purchase Sale Contract(s)

How It Works:

Sample: You have a contract on a 50MM dollar income producing property, developed, or needs to be developed. You have a resume and a successful track record in this field, you provide proof of the required 10% downpayment deposit (liquid) or downpayment leased funds fee - our funding group wants to be your partner!

With the JV Program, you pay no interest payments, ever! You pay nothing until the project starts making money.

The Process:

Step 1:

Submit detailed Executive Summary with resume, proof of 10% liquid funds or leased funds fee, financials, appraisal and sale contract. We review and get back to you within 3 to 4 business days.

Step 2:

Principle signs NCND and completes supplied JV application and returns. Principle submits application/introduction fee.

Step 3:

If approved, an Engagement Funding Contract outlining the terms and funding date(s) is issued. In this contract we guarantee funds (commitment). We then schedule a conference call between you and the JV Group Project Coordinator to answer any questions. If all clear, you sign and send back to us along with a $15K facilitation retainer and a $15K attorney retainer (attorney retainer is credited back at closing). At this time the already paid application/introduction fee becomes non-refundable.

Step 4:

A funding commitment is issued within 48 hours after retainer is received.

Step 5:

You will be instructed to open an account in your name only at one of our designated banks with 10% of the funding amount, in the form of a CD and blocked for 1 year. If using leased funds the cash provider will deposit on your behalf.

Step 6:

Closing is scheduled.- typically closes in 30 to 45 days from start.

Important:

Application/Introduction fee is refunded if no firm commitment is issued. Additional fees are not collected until a firm commitment is in place. Upon closing application/introduction fee is returned to principle and legal fee is credited back to principle.

Partnership Benefits:

In most cases, you will find that when a project is being developed, there are several partner/investors in place. All taking a piece of the pie, the principal who put everything together is only getting a small piece. Using our scenario, the principal gets the majority of profit and we put up 100% of the money.

Principals make more money, making no monthly interest payments until the project starts profiting. Traditionally, a 40 MM dollar loan at 10% interest only would cost you $20M over a 5 year period, with us, you don't make interest payments.

Projects typically close in approximately 45 days. (Exception: No funding from 11/15/10 to 1/15/11, although executive summaries are accepted year round.)

Remember, there is no loan, this is your partner. You’re closing on the partnership agreement with a group that has all the capital you need.

Fees Summary

$5,000 Application/Introduction fee (completely refundable if not approved)

$30,000 Facilitation and Attorney Fees ($15,000 attorney fee is credited back at closing)

Point charge- 10 (can be rolled in)

SUBMIT EXECUTIVE SUMMARY TO SUMMARIES@FUNDING100.com

OR FAX TO 1-561-828-6409

Everglades Equity, Inc.
12609 61st LN N
West Palm Beach, FL 33412