I have a source that can finance large projects around Hotel development and Hospitality
We have been swamped with deals, over 200 in the last 30 days as a matter of fact, sorry for the late response, only a few got through as these guys are streaked about what is a worthy deal for them to look at, I still need more good deals for January meetings with the banker in Europe, we need to comply with their ES guidelines from now on, see below and rush over deals you have in this format only please, as long as they comply with the terms I posted a month ago : Alt energy project owners need to show 20% equity and Hotel deals - 30%+ equity, my source will fund 100% for construction and development of such project, give $50M and up for 8-10+ years at a very competitive interest rate, DEBT only, all tough we found a source who might help with equity on our deals too now - optional - if needed and comply and on case by case bases only,
Sharon
Only this format will be acceptable in a Word/PDF document ! use it as a guideline , this is the format, yet please do not use a Q&A in each line, just state the data in black instead of the red lines below.
Executive Summary- instructions.
The title should mention the project name and short cut description of what is the project.
Sample: Executive Summary of "Atlanta project- Hotel complex resort in San Diego-USA.
Chapter A (in the ES) is: Company structure: (who is the client that is asking for the loan?)
This chapter must mention:
Company name
Privet, Public or SPV?
Shareholders names
Structure
Track Record for both company and shareholders
Chapter B (In this ES) is: Project description .
plot size
Build rights usages area in sqm or sf :
Zoning and approvals
Usages (short description of each of the usages)
Location: micro and macro
Time table, mile stones and schedule to start development
Chapter C (in this ES) is: Hotel description. (Just in case of real estate project)
Who is the hotel operating company?
What are the stages of the engagement with them? Sign and confirm Contract /MOU /LOI ?
Duration of the contract?
Hotel type? how many stars?
Chapter D (in this ES) is: Finance structure.
It is must be detailed in this way only :
Total project cost : In MM________ = 100%
Total owner equity in MM____ = ____% (must be 30%-35%from the total loan amount)
Note: land must be free and clear at time of funding.
All other investment that owner made on this project is equity.
Loan require: in MM______ = _____% (must be at list 65%-70%)
What is the purpose of this loan? Construction ? Other needs ?
* Remarks: the consortium will receive ES only in this format in order to move the loan process to the next level.
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