100% 60/40 JV FUNDING

Joint Venture

Acquisition and Development Funding

10/100 Product

Product Parameters

$5M to $750MM Partnerships – income producing property.

$5M to $750MM Partnerships – construction / development projects; income producing property.

All project values are calculated in US Dollars

Commercial only – (not for residential home purchase) USA, Caribbean, Canada, Europe, Costa Rica, Bahamas, South Africa, Australia, Japan and areas that are not considered high risk due to government instability or terrorist related issues.

Down payment consideration is a 10% returnable cash deposit. The 10% cash is held for 2 years in a blocked account at Bank of America or CITI and then returned. If returned sooner – 10% of down payment amount penalty applies. There is a minimum 1 year hold for the 10% amount. The 10% is calculated against the total purchase price of existing improvement or total funds required for construction project.

New for 2010 – DOWN PAYMENT LEASE – We now have banks that will lease the required 10% down payment amount to you for the required 1 year time period. Current lease fee is 10% of the required deposit amount. Example - $10M project would require you to have $1M down payment deposit (liquid). Leasing the required $1M would only cost $100K (non refundable). This amounts to a total CASH investment into your project of 1%! Please note the minimum lease requirement and cost: The minimum cost is $100,000 with a monthly service fee of 1.5% on the leased funds amount for the 6 month to 12 month hold period.

3 years in business (less than 3 years will be reflected in JV split) (must have financials for file – not verified...used for experience review)

100% Funding

Joint Venture Split - 60% Principle / 40% JV Partner

 Submission Requirements for consideration/approval:

• Executive Summary with principle resume and Performa (must include funding amount, exit strategy, color photos, area statistics, resume, etc.)– Principal must have successful track record.
• Proof of 10% Cash Consideration or proof of 1% for the Leased Funds Fee – must be liquid and the principal must be the owner of the account. Copy of Bank Statement or verification from bank on bank letterhead with the phone number and title of bank employee authorizing.
• Previous 3 years business financials (for file only – not used for approval purposes but rather verification of client stability. Returns are verified.)
• Appraisal. In lieu of; Broker Opinion of Price, Tax Assessment, MLS listing with comparables, etc.
• Purchase Agreement / Sales Contract or Title if in current ownership.

 All income producing type projects considered - response within 3 to 4 business days.

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, and you can prove that you have 10% cash consideration liquid, our funding group wants to be your partner!

With the JV Program, you pay no interest payments, ever! You wave these payments by taking on one partner at 40% giving you the majority share at 60%. You pay nothing until the project starts making money.

The Process:

Step 1:

Submit detailed Executive Summary with resume and proof of 10% liquid funds, we will review and get back to you within 3 to 4 business days.

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 60%, we get 40% and we put up 100% of the money. No monthly payments are made until the project starts profiting.

Principals make more money, making no interest payments.

Projects typically close in less than 45 days. (Exception: No funding from 11/15 to 1/15 of each calendar year)

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.