Smart Finance Options

In Laymen’s Terms

A Clear Description of Our Program and the Process

Our Fund provides funding for projects such as Resorts, Hotels, Office Space, Residential, Hospitals, Alternative Energy and many combinations of the above and others. Project may be located in any politically and economically stable country and in some cases a political wrap may be required. We will fund up to 100% of the projects construction cost soft and hard on shovel ready projects. In many cases acquisition is included.

The minimum loan amount we consider is $25 Million USD. There is no maximum loan amount at this time. The larger loan amounts are dispersed in phases of $200-$400 Million at a time.

Our Process

Step 1: The first stage is a review of the executive summary of the project and our 1 page questionnaire. This will allow us to make a decision if we are interested in proceeding with your project to the next phase of approval. If we accept your project we will issue you a Memorandum of Understanding, A Good Faith with terms and rates and a disclosure of approximate closing cost involved. (All closing cost are funded at closing above the requested loan amount.) We will also issue a generic Document Checklist alerting you of the required documents for underwriting. This 1st phase can be completed within 72 hours.

Step 2: Schedule conference call with principles to discuss any questions and or concerns the Principles may have prior to full submission. Discuss what a full submission consist of. Discuss timeframe from full submission to Funding.

Step 3: Submit all documents required for underwriting. Wire escrow into Opt Title Company's National City escrow account.

Step 4: Processing department reviews submission for entry to Bond Underwriting. Our lending program lends against a AAA Cut Through Surety Bond.
Step 5: Approximately 25 days: Bond underwriting approved.

Step 6: Approximately 7 days: File goes to Fund for Final underwriting and approval.

Step 7: Proposals issued to Borrower with full disclosures and details

Step 8: Borrower accepts and signs off on a proposal. Standard rates offered at this time are: Prime plus 4.5% or (7.75%) We also take a 25% net equity shareholder position.

Step 9: Funding is scheduled. These timeframes are estimated. We have seen files go through the entire process from 35 to 50 days..

No Upfront Cost or Due Diligence Fees

Most lenders require that borrowers pay the cost involved in the due diligence process a lender must go through to determine the viability of a project. The average lender will begin with an application fee of approximately 15-30K and then add for items such as appraisals, environmental and site inspections. When all is said and done the borrower has spent in the range of 35-50K. These fee’s are non refundable and due upfront prior to final approval. This is not unreasonable due to the fact that there is cost involved in this process and lenders are not willing to absorb this cost.

Our fund is extremely unique from this perspective. We have decided to spread the cost of this process and absorb this cost in those cases where our borrowers are denied an approval. We feel that it is up to us to closely examine these projects prior to underwriting. If our borrower can show they have the liquidity required and fall within the general parameters of our lending criteria and appetite we will risk absorbing that cost if the loan does not fund.

Escrow / Proof of Liquidity / Walk Away Fee

Our only requirement to protect us from major losses due to borrowers lack of minimum liquidity required and Good Faith on the part of our Borrowers. We require that our borrowers deposit into our Title Company’s escrow account of 1% of the Loan Amount up to a maximum of 750K.(250K for every 100M, loan amounts above 300M will only require 750K)

As per the clear verbiage in our escrow agreement this escrow deposit is a depositor in depositor out escrow. These monies will not be used to cover any closing cost or due diligence fee’s unless a borrower walks away in bad faith.

If your loan is turned down due to it not meeting the underwriting requirements the entirety of you escrow deposit is returned. The fund is not flexible, nor is it open for discussion to change the escrow holder’s title company. The fund will not put itself in a position to debate with anyone the cost incurred if the borrower walks away in bad faith after expenses and best efforts have been applied.

Our legal Documents issued supersede any misunderstandings or assumptions made in this document provided for ease of understanding...

Download a complete program packet HERE.

Listen to an Audio describing the United States Letter of Credit Program HERE.

Download the single page application HERE.

USA Patriot Act - Customer Identification Notice-Privacy

Direct Line: 512.807.8159 Direct Fax: 888.547.7993
Email Address: info@smartfinanceoptions.com



Home About Us - Contact Us Invoice Factoring Contract Mobilization Finance Construction Mobilization Finance Inventory Finance Government Financing Equipment Leasing Medical Practice Financing Business to Consumer Finance Loan Servicing and Debt Recovery Merchant Cash Advance Real Estate Finance Privacy Policy	Currently Not Available for the U.S. In Laymen’s Terms A Clear Description of Our Program and the Process Our Fund provides funding for projects such as Resorts, Hotels, Office Space, Residential, Hospitals, Alternative Energy and many combinations of the above and others. Project may be located in any politically and economically stable country and in some cases a political wrap may be required. We will fund up to 100% of the projects construction cost soft and hard on shovel ready projects. In many cases acquisition is included. The minimum loan amount we consider is $25 Million USD. There is no maximum loan amount at this time. The larger loan amounts are dispersed in phases of $200-$400 Million at a time. Our Process Step 1: The first stage is a review of the executive summary of the project and our 1 page questionnaire. This will allow us to make a decision if we are interested in proceeding with your project to the next phase of approval. If we accept your project we will issue you a Memorandum of Understanding, A Good Faith with terms and rates and a disclosure of approximate closing cost involved. (All closing cost are funded at closing above the requested loan amount.) We will also issue a generic Document Checklist alerting you of the required documents for underwriting. This 1st phase can be completed within 72 hours. Step 2: Schedule conference call with principles to discuss any questions and or concerns the Principles may have prior to full submission. Discuss what a full submission consist of. Discuss timeframe from full submission to Funding. Step 3: Submit all documents required for underwriting. Wire escrow into Opt Title Company's National City escrow account. Step 4: Processing department reviews submission for entry to Bond Underwriting. Our lending program lends against a AAA Cut Through Surety Bond. Step 5: Approximately 25 days: Bond underwriting approved. Step 6: Approximately 7 days: File goes to Fund for Final underwriting and approval. Step 7: Proposals issued to Borrower with full disclosures and details Step 8: Borrower accepts and signs off on a proposal. Standard rates offered at this time are: Prime plus 4.5% or (7.75%) We also take a 25% net equity shareholder position. Step 9: Funding is scheduled. These timeframes are estimated. We have seen files go through the entire process from 35 to 50 days.. No Upfront Cost or Due Diligence Fees Most lenders require that borrowers pay the cost involved in the due diligence process a lender must go through to determine the viability of a project. The average lender will begin with an application fee of approximately 15-30K and then add for items such as appraisals, environmental and site inspections. When all is said and done the borrower has spent in the range of 35-50K. These fee’s are non refundable and due upfront prior to final approval. This is not unreasonable due to the fact that there is cost involved in this process and lenders are not willing to absorb this cost. Our fund is extremely unique from this perspective. We have decided to spread the cost of this process and absorb this cost in those cases where our borrowers are denied an approval. We feel that it is up to us to closely examine these projects prior to underwriting. If our borrower can show they have the liquidity required and fall within the general parameters of our lending criteria and appetite we will risk absorbing that cost if the loan does not fund. Escrow / Proof of Liquidity / Walk Away Fee Our only requirement to protect us from major losses due to borrowers lack of minimum liquidity required and Good Faith on the part of our Borrowers. We require that our borrowers deposit into our Title Company’s escrow account of 1% of the Loan Amount up to a maximum of 750K.(250K for every 100M, loan amounts above 300M will only require 750K) As per the clear verbiage in our escrow agreement this escrow deposit is a depositor in depositor out escrow. These monies will not be used to cover any closing cost or due diligence fee’s unless a borrower walks away in bad faith. If your loan is turned down due to it not meeting the underwriting requirements the entirety of you escrow deposit is returned. The fund is not flexible, nor is it open for discussion to change the escrow holder’s title company. The fund will not put itself in a position to debate with anyone the cost incurred if the borrower walks away in bad faith after expenses and best efforts have been applied. Our legal Documents issued supersede any misunderstandings or assumptions made in this document provided for ease of understanding... Download a complete program packet HERE. Listen to an Audio describing the United States Letter of Credit Program HERE. Download the single page application HERE. USA Patriot Act - Customer Identification Notice-Privacy Direct Line: 512.807.8159 Direct Fax: 888.547.7993 Email Address: info@smartfinanceoptions.com Smart Finance Options