Fund Any Project - 25% Participation, $25M Minimum, Endless Opportunities

PROGRAM OVERVIEW & HIGHLIGHTS

25% OF THE TOTAL PROJECT COST IS TO BE PROVIDED BY THE BORROWER AND INVESTED INTO THE PROJECT. THE 25% IS HELD IN A RESTRICTED CUSTODIAL ACCOUNT AND RELEASED AS THE LAST DRAW. A 75% LOAN WILL BE PROVIDED FOR THE REMAINDER OF THE PROJECT COST.

The 25% contribution can be provided by borrower funds or from an equity group, venture capital, JV, third party, etc.

75% PROVIDED IN THE DEBT FORM FROM THE US-BASED, BBB ACCREDITED, A+ RATED LENDER AND ITS ASSIGNS.

ESTABLISHED COMPANIES AND START-UPS WELCOME.

OPEN TO AN EXTREMELY WIDE AND DIVERSE INDUSTRY BASE.

NO PERSONAL GUARANTY OR RECOURSE TO THE BORROWER.

SIMPLIFIED DUE DILIGENCE PROCESS AS COMPARED TO STANDARD LOANS.

4-YEAR TERM INTEREST ONLY WITH LONGER TERMS AVAILABLE.

Upon completion of the first year, the loan may be converted to a perm loan

at any time without fees.

INTEREST PAYMENTS ARE MONTHLY (COVERED BY THE RESERVE ACCOUNT*).

NO PREPAYMENT PENALTIES AFTER THE FIRST YEAR.

COMPETITIVE RATE CURRENTLY AT 5.00% AS OF NOVEMBER 1, 2023.

SECURITY TO THE LENDER MAY BE NEGOTIATED.

*RESERVE ACCOUNTS ARE AVAILABLE FOR CONSTRUCTION TRANSACTIONS.

MINIMUM TRANSACTION SIZE OF $25MM.

MAXIMUM TRANSACTION SIZE $1 Billion+ (Up to $20 Billion on a Case-by-Case Basis).

CLOSING PERIOD IN AS LITTLE AS 60 TO 90 DAYS.

Disclaimer: Terms, rates and conditions may change at any time solely at Lender’s discretion.

WE A DIRECT, PREFERRED ORIGINATION PARTNER TO THE LENDER, WITHOUT ANY ADDITIONAL LAYERS OF INTERMEDIARIES

PROGRAM FAQs & ADDITIONAL INFO

IS THE DUE DILIGENCE PROCESS LONG AND COMPLICATED?

No. It is actually simpler than a conventional loan. To perform our due diligence properly, we must conduct all “know your client” procedures. There are a series of forms to be filled out by the borrower and our assistance is available. 

Project information, proformas, and some historical information will be requested. We do not require personal financial statements or personal tax returns.

IS 25% THE MOST THE BORROWER WILL BE REQUIRED TO PUT INTO THE PROJECT?

Yes, the 25% is liquid cash invested into the project and applied as the last draw. The borrower can invest more than 25% if they desire.

DOES THE 25% CONTRIBUTION HAVE TO COME FROM BORROWER OWNED FUNDS?

No. The 25% can come from the borrower’s own funds or an equity group, venture capital entity, a JV partner, a third party, etc.

WHEN DO I HAVE TO DEPOSIT THE 25% CONTRIBUTION?

Initially, proof of the 25% will need to be shown before issuance of a Final Term Sheet.

The funds will be deposited in a major US bank upon acceptance of a final term sheet and before closing. The 25% is to be issued as cash into restricted custodial account. At no time do we have any access to the borrower’s equity contribution.

IS THE PROGRAM ONLY OPEN TO LARGE ESTABLISHED COMPANIES?

No. We welcome established companies as well as new start-ups. The 25% liquid infusion is the key to this program allowing us to provide 75% of the debt to companies of nearly any size or tenure.

Disclaimer: Terms, rates and conditions may change at any time solely at Lender’s discretion.

IS IT A REQUIREMENT TO HAVE THE PROJECT CONTAIN REAL ESTATE?

No. Ideally, this program works best for new ground-up construction projects. We will accept projects that are equipment-only transactions as well as financing most soft costs and fees associated with the program.

CAN THE BORROWER BE PROVIDED WITH A RESERVE INTEREST ACCOUNT?

Yes. A reserve interest account for construction and a ramp-up period can be included

within the total project cost.

WOULD THE BORROWER UNDER ANY CIRCUMSTANCES BE REQUIRED TO PROVIDE A PERSONAL GUARANTY?

No. The majority stockholders are not required to pledge their personal guaranty. Besides the obvious advantage of not having to provide a PG and putting personal assets at risk, there are hidden benefits that are immense. The largest being an ability to eliminate the contingent liability of a PG. This will most certainly help you obtain future borrowing and an ability to obtain higher bonding capabilities.

MUST THE BORROWER COMPLETE THE ENTIRE 4 YEAR INITIAL TERM BEFORE CONVERTING TO A PERM LOAN OR A TOTAL LOAN PAYOFF?

No. Any time after the first year the borrower may convert to a perm loan or payoff the entire loan. If the borrower desires to pay off the loan within the first year, there is an additional fee.

IS 4 YEARS THE LONGEST TERM AVAILABLE?

No. The initial 4 year term is interest only paid monthly. An interest reserve account is available. At the end of the initial term, the loan will need to be extended, retired or converted to a permanent loan.

Disclaimer: Terms, rates and conditions may change at any time solely at Lender’s discretion.

DOES THE BORROWER HAVE TO ARRANGE A THIRD-PARTY PERM LOAN WHEN REQUIRED?

No. We can provide a perm loan as long as your obligations under the loan terms are fulfilled. (i.e. timely payments were made and no default exists.)

IS THE INTEREST RATE FIXED OR FLOATING?

The rate is fixed for the term of the loan.

WHAT IS THE INTEREST RATE?

5.00% fixed as of November 1, 2023. (This rate is subject to change with current market conditions.)

ARE THERE ANY POINTS AND FEES ASSOCIATED WITH THE LOAN?

Yes. They are transaction-specific and are shown when a Letter of Intent is issued to the borrower.

WILL ALL THE PROJECT ASSETS BE NEEDED FOR LOAN SECURITY?

Not necessarily. Security may be negotiated upon completion of the due diligence.

WHAT ARE THE MINIMUM AND MAXIMUM LOAN AMOUNTS?

The smallest project cost is $25MM and the maximum amount is in the Billions.

HOW LONG WILL IT TAKE TO CLOSE THE TRANSACTION?

That is entirely dependent upon the borrower. If due diligence material requests are fulfilled in a timely manner, the transaction can close in as little as 60 to 90 days.

Disclaimer: Terms, rates and conditions may change at any time solely at Lender’s discretion.

CEDRIC BURL & COMPANY IS A DIRECT, PREFERRED ORIGINATION PARTNER TO THE LENDER, WITHOUT ANY ADDITIONAL LAYERS OF INTERMEDIARIES

Contact us today to discuss your project! Let's turn your vision into reality