Need $1 million US or more? At Caribpro and and our online publication, Caribbean Property and Lifestyles Magazine, we are keenly aware of the changing climate of global finance.
Since the balmy days of plenty, developers have started contacting us from the US and Europe in need of funds for their global projects. Existing funding sources have dried up and it has become harder to finance and re-finance the next project in Costa Rica or St. Lucia.
Private placements
are the most pervasive and varied method of capital formation. Entities ranging from small start-ups to the largest international public companies, investment funds, and real estate vehicles regularly use private placements.
Private placement platforms offer a way for borrowers to tap into the private market without having to knock on doors in the retail market.
And in this present climate where the retail market has so many fewer doors to knock on, private placement on a variety of financial instruments is keeping commercial funding moving forward in a low-key, no-fuss, well regulated fashion, when all else is slowing to a halt.
At Caribpro many resort developers come to us who went the retail route with some of the big banks, and now have no further funds to complete the project. We have built trusted relationships with a number of different lender groups worldwide offering private funding, and we will refer qualified borrowers after discussion and due diligence on our part. European Funding Groups are restricted in in their ability to solicit business and so a full Application must be completed in order for us to refer you. US and other international groups operate differently, and upon qualification you will be referred directly to a Fund Manager to assess your project. There are no charges or fees required to go through the qualification process. You will not be asked for any upfront fees or charges until your application has been approved. You may then be asked for Proof for Funds depending on the type of Funding Offer which has been agreed. Most businesses fail to raise capital because they lack the proper documentation, or because their documentation (business plans, private placement memorandum, investor presentations) are inadequate, unprofessional, or unpersuasive. If the project meets the criteria, but documentation is is poorly presented, then we will suggest that you pay for a professional to re-present in a format that is acceptable and more likely to be successful.
If you are looking for funding, please click here and tell us a little about your project. We will treat your information with confidentiality. The actual finance methodology changes from finance group to finance group, and we cannot list them all. Once we know and have qualified your project and we will be able to supply references from successful borrowers for some of our lenders.
| PRIVATE LENDING OPPORTUNITY
Through Bank Instruments
OVERVIEW
*No Upfront Fees and ‘In-Principle’ decision within days – typically 3-6 business days
* Fixed Interest Rate of 8% over the entire term
* No early redemption penalties
* No Liens on Projects
* All Fees paid by Lender and not from borrowings
* Application to full funding completed in 8 weeks, or better
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DETAILS
* Minimum Loan... of $1 Million
* Currencies ...Euros/USD/GBP
* Lending Ratio... Up to 90% of project cost * Area of Lending... worldwide
* Equity... Equity of borrower must represent at least 10% of overall project amount. This must include POF in unencumbered cash of :
..250k Euros for loans up to 10M
..500k Euros for loans of 10M up to 250M
..1M Euros for loans over 250M
* Max brokerage fees...3%
* Term of the loan... 1-10 years
* Interest... Interest-only loan paid annually in arrears
* Rate... 8%
* Repayment of principal... In full at the term end of up to 10 years
* On signing of Loan... 40,000 Euros to cover instrument call option, paid to bank and repaid to borrower on first drawdown.
* Insurance Wrap... Covered in cost of the interest rate so long as it is not in arrears.
* Timeframe... From receipt of application to completion around 8 weeks or better
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COMPLIANCE DOCUMENTS REQUIRED:
1. Fully complete Application Form
2. Colour copy of applicants passport/s in high resolution
3. If a Company – Copy of the company Certificate of Incorporation
4. If a Company – Board Resolution confirming the person who is applying for the funds and the amount of funds required has full board approval to do so
5. Executive Summary
6. Full Business Plan
7. Proof of Funds according to size of loan, must be a recent Bank Statement or Tear Sheet
8. Copies of: Any appraisals , Valuations and Approved Planning Applications
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An OFFSHORE COMPANY is able to own any assets that an individual can, including cash, securities, real estate and all varieties of financial instruments.
To avoid inheritance tax, capital gains tax and death duties buying overseas property through an offshore company is a powerful strategy. The sale is made through the transfer of shares within the offshore company, with further savings on legal and transfer fees. Offshore companies are not only for wealthy companies and individuals these days, but for anyone seeking to reduce their taxation or protect their hard-earned assets.
Forming an offshore company and an offshore bank account is inexpensive and easy, with our friendly staff on hand to assist you with your application.
In summary:
* Asset protection
* Privacy / anonymity
* Global investing
* Minimising taxation
* Simpler business administration and less bureaucracy
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