PROJECT FINANCE & BUSINESS FUNDING
GM Capital have a highly qualified team of professional business funding consultants worldwide who can provide you with the support and guidance you need to grow your business. In today's economic climate, finding reliable funding sources can be frustrating. Fortunately, we are partnered with large investment funders that provide development financing for large-scale commercial projects and alternative energy projects. We do not lend any finances ourselves but we do offer a wealth of knowledge and experience via our own Consultants who work with businesses to assist them with the process of raising finance. We are interested in large (over £5 million).
ELIGIBLE PROJECT
Project Types:
Construction Financing Shopping Centres’ |
Office Blocks |
Medical Centres’ |
Marinas |
Dams |
Ports |
Construction & Development |
Educational Buildings |
Refineries |
Power Plants |
International Ports |
Project Financing |
Bridges |
Toll Roads |
Condominiums |
Resort Developments |
Film Funding |
Industrial Business Centres’ |
Commercial Buildings |
Chemical Plants |
Energy Projects |
Retirement & Nursing Homes |
Malls |
Hotels |
Finance Mergers & Acquisitions |
Acquisition Financing |
Motels |
City-Walk Developments |
Ship Financing |
Resort Centres’ |
Low Cost Housing Development |
Aircraft Financing |
Factories |
Industrial Projects |
Airports |
Schools |
Government Buildings |
Hospitals |
Venture Capital |
Communication Infrastructure |
Theme Parks |
Mining |
Golf Courses |
Office Complexes |
Infrastructure Development |
| Medical & Environmental Facilities |
Debt Loans |
Beachfront Developments |
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What is Our Process?
After a project summary form has been submitted, the project is sent to underwriting where a Letter of Intent (LOI) is issued once the project has been approved. The due diligence period usually lasts from 30-90 days, after which a Conditional Commitment to Invest (CCI) is issued. After all terms and conditions in the CCI have been satisfied, the deal is closed.
Our process begins with the developer completing a free evaluation form, which we review for accuracy, completeness, suitability, etc.
If we determine that the project preliminarily meets our investment fund's criteria, we ask the developer to pay application fee.
After the fee has been paid, the funding package is prepared and submitted to our investment fund partner who will either approve or deny the project.
If the project is approved, an LOI is issued. Unlike other funds that issue LOIs without review, our fund places each request into pre-underwriting and fully evaluates the project. An LOI, if issued, represents a full commitment to fund, assuming the information uncovered during underwriting supports the project's viability. The time from funding request to LOI is usually 2-4 weeks.
Once the LOI has been issued, the next step is for the developer to sign the LOI and place the deposit into escrow. As stated previously, the purpose of the deposit is to insure the developer has the financial capacity to undertake the project. Once this step is completed, the project is placed into formal underwriting.
Depending on the complexity of the project and the number of project reports that have already been prepared, i.e., feasibility studies, environmental reports, traffic studies, etc., underwriting can last from 30 - 90 days.
The most important underwriting step is the "As Completed" or "As Stabilized" appraisal. This appraisal will determine the future value of the project at completion or stabilization, usually three to five years out, which is when the investor/lender will look to exit the transaction via refinancing. In particular, the investor/lender is looking to the appraisal to insure that the developer will be able to take them out, assuming a 90% LTV.
Once underwriting is concluded, a Conditional Commitment to Invest (CCI) is issued, which will outline the specific terms and conditions of the investment.
After the CCI has been signed, a Final Investment Agreement (FIA) is issued. The FIA and associated paperwork are the actual closing documents.
Closing consists of signing the FIA and any additional paperwork. The first payment, or "Draw One", is usually made less than thirty days after closing. After closing, the escrow deposit is released.