| As always, there's project funding that seems too | | | | through a structured finance program. We are |
| good to be true. Many of these programs are the | | | | master brokers to a firm that specializes in this type |
| 100% financing programs advertised everywhere. | | | | of transaction. It is nothing new and the probability of |
| There's so much fraud and misrepresentations out | | | | success is very high if your project is accepted. The |
| there, I thought I'd offer the truth about what's real | | | | firm we work with is both an international law firm |
| and viable in these challenging times. | | | | and a licensed financial institution. They require a |
| What follows is the reality about getting 100% | | | | $100,000 retainer and the process takes 12 months |
| financing for commercial projects in 2009. At our | | | | to fund. Their competitors charge an excess of |
| company we always tell the truth: the good truth or | | | | $500,000 and don't even provide the collateral to |
| the bad truth, but it is always the truth. So, with that | | | | complete the transaction. In the simplest words: it |
| being said, here is the truth about the 100% financing | | | | works and is worth the wait. |
| that is currently available: | | | | 3. The other option involves working with our asset |
| 1. You could get a joint venture partner, but you | | | | managers that will fund your project at 100% LTC, |
| must have a very attractive project. To attract a | | | | but they will require that you deposit a substantial |
| joint venture partner, you need to an internal rate of | | | | amount of collateral with them. The benefit to this |
| return of 30% or better. In short, if it is not a cash | | | | program is your collateral will generate handsome |
| cow, it will not be funded. | | | | returns while you get your project financed at 100% |
| 2. You can nearly guarantee your success by going | | | | LTC. |