2. Table of Contents
• Commercial Debt & J/V Lending……………………………………………………..3
• Commercial Funding Process…………………………………………………………4-5
• Real Estate Collateralization…………………………………………………………..6
• Fix N Flip Loan……………………………………………………………………......7
• Looking for Land………………………………………………………………………8
• Medical Lending………………………………………………………………….........9
• Short Term Uncollateralized Loan (6 to 18 Months)………………………………….. 10 -12
• Long Term Uncollateralized Loan (1 to 5 Years)………………………………………13
• Contact Us……………………………………………………………………………... 14
3. Commercial Debt & J/V Lending
Lending Criteria U.S. Commercial International Commercial
Loan Amounts: $2M - $200M+ $2M - $200M+
Terms: Flexible Terms Flexible Terms
LTV: Up to 75% Loan to Value Up to 75% Loan to Value
1 Year Minimum in Business 1 Year Minimum in Business
Property Types:
Commercial; Condo; Hotel; Industrial;
Mix Use Land; Multifamily; Retail.
Commercial; Condo; Hotel; Industrial;
Mix Use Land; Multifamily; Retail.
Required Documentation:
• Resume of All Principals,
• Articles of Incorporation,
• Executive Summary,
• Detailed Summary,
• Sales & Expense (P&L),
• Construction Budget (Hard & Soft
Cost),
• Appraisal & Feasibility Study.
• Articles of Incorporation,
• Executive Summary,
• Detailed Summary,
• Sales & Expense (P&L),
• Construction Budget (Hard & Soft
Cost),
• Appraisal & Feasibility Study.
Countries We Service: United States of America
Canada, Caribbean, Central America,
Mexico, and South America
4. Commercial Funding Process
Coral Gate Business Funding (CGBF) will perform a complimentary initial review of your executive summary and project overview to
determine if it is the type of project that fits within the scope of our funding parameters. CGBF is selective in determining which projects
and clients we accept to move forward in the funding that you may be working with others in the attempt to secure funding. As the process
moves forward, the competitive terms process. Typical commercial funding amounts range between $500,000 and $50,000,000+. During
the initial review phase, it is recognized from our funding sources will assist you in finalizing your selection of CGBF to complete the
funding for your project.
Generally speaking, the process for completing the funding of your project through CGBF and our funding sources is as follows:
1. The initial, complimentary review of your Executive Summary and Project Overview – this process can take up to five (5) business
days. During this time, CGBF will do an initial processing analysis to determine the probability of securing funding for the Client and
if this determination is positive;
2. CGBF will send an engagement letter to the client to be executed and returned. At this time, CGBF may request additional
documentation to present to the funder;
3. Once the executed engagement letter is returned, CGBF will set up a call with the funder and the Client – this process can take up to
an additional five (5) business days. The initial funding review call will take approximately 45 minutes to one hour;
4. Additional documentation may be required. If so, the client will receive an email directly from the funder to request the additional
documentation. The number of days required for this stage is directly dependent upon your ability to return all requested documents.
To expedite the process, please remit all requested documentation as promptly as possible;
5. Commercial Funding Process
5. After all the initial underwriting documentation is received, the client should receive a Letter of Intent (LOI) in approximately 5 to 10
business days;
6. After the LOI is signed and returned back to the funder, the full underwriting process begins. A site appraisal will be ordered by an
independent organization which the client will pay as a direct pass through. The fee amount is dependent upon the size and scope of
the intended projected and the property subject to the appraisal. This is a critical part of the underwriting process and can take up to
twenty (20) business days to complete and receive a written report;
7. After all documentation has been received, including the appraisal report, the underwriting department will initiate a preliminary loan
commitment for the client. Once this document is reviewed, executed, and returned to the funder, the final underwriting stage begins;
8. The last step to the process is final review and funding. The final review and funding takes approximately 45 to 60 days.
Please note: The total funding process takes between 70 to 100 days for the US and 90 to 120 days for international funding. It is normal
to have requests for additional documentation at every stage of the review and underwriting process as additional items for attention are
discovered. To minimize this stage, it is imperative that CGBF obtain all pertinent information during the initial review as we ask
questions pertinent to the underwriting and funding process.
6. Required Documentation
6 Months Business Bank Statements
Photo ID of All Applicants Property
Tax Bill(s)
Signed ACH Authorization Form
Signed Application
Voided Check
Please Note:
• Funds can be used for any business
purpose.
• Land; residential; and commercial
properties are acceptable forms of
collateral.
I/O
(Interest Only)
$100,000 to $2,000,000
36 Month Maximum Term
Interest Only Payments
Daily Or Weekly Payments
No Minimum Credit Score
• Interest only payments for the first 6
months.
• Ability to pay-off principal amount
after 6 months w/ no prepayment
penalty.
• Balloon payment at the end of term.
Real Estate Collateralization
Traditional
(Short Term Business Loans)
$25,000 to $2,000,000
$70,000 Average Loan Size
6 Month Minimum Term
36 Month Maximum Term
No Minimum Credit Score
• Regular Amortizing Loan
• Requires Payment of Principal &
Interest Throughout Entire Term
7. Fix N Flip Loans
Lending Criteria
Cash Now
12 MO.LOAN
After Repair Value
(ARV) 12 Mo.Loan
Residential
18Mo. Loan With
6 Mo. Extension Option
Commercial
18Mo. Loan With
6 Mo. Extension Option
LTV
Up to 80% Purchase; Up to 65% of the After
Up to 65% Refinance Repair Value
Up to 80% Purchase;
Up to 50%
Cash-Out Refinance
Up to 70% Purchase;
Up to 50%
Cash-Out Refinance
FICO No Set Minimum 600 No Set Minimum 600
Occupancy
Non-Owner Occupied;
Tenant Occupancy a Plus
Non-Owner Occupied
Non-Owner Occupied;
Tenant Occupancy a Plus
Tenant Occupancy a Plus
Typical Property 1 – 4 Family Mixed Use; Office; Apartment
Types Residential
1 – 4 Family Residential 1 – 4 Family Residential
Complex; Warehouse; Retail
Property Type
Exclusions
N /A N /A N /A
No Gas / Repair / Storage of Auto /
Boat / Motorcycle; No Industrial
Termination Fee 1%After Month 9 1%After Month 9 N /A N /A
Pre-PayPenalty N /A N /A 2% Prior to Month 9 N /A
Extension Fee N /A N /A 2% for 6Months 2% for 6Months
Min. LoanAmt. $50k $75k $50k $100k
Max. Loan Amt. $2.5M+ $2.5M+ $2.5M+ $2.5M+
8. Looking For Land
Pre-Development J/V Funding Deals
What we are looking for:
• Developers or Landowners who own 50 acres
or more of land; that are seeking to partner
with an investor in order to maximize land
value.
• Developers or Landowner who’s land is in
the pre-entitlement phase and are seeking
funding to secure entitlements and other pre-
development cost.
• Landowners seeking funding and
management of the land development
process.
• Our sweet spot is $1-$5 Million.
• Can easily do up to $20 Million.
Land Acquisitions
What we are looking for:
• Land MUST BE in the pre-entitlement phase.
• Large lots of land (100 acres and up.)
• Willing to look at smaller lots if the lot is
still in the pre-entitlement phase.
• Our main focus is on land in Western U.S.
• Although we will look at Eastern U.S.
Basic Underwriting Criteria
• Less than $1 Million in debt.
• Less than 20 LTV.
9. Medical Lending
Program Features: Use Funds For:
• Amounts from $20,000 to $250,000.
• 24 hour approval.
• With funding in as few as 72 hours.
• Competitive fixed rates.
• Flexible terms available.
• No hard collateral required.
• Won’t appear on personal credit report.
• Debt consolidation.
• Increase cash flow.
• Expansion and improvement.
• Purchase equipment.
• Market your services.
• Practice acquisition.
• Build emergency reserve.
• The choice is yours!
10. Short Term Uncollateralized Loan
6 to 18 Month Terms
Underwriting Basics: Minimum Cash Flow Requirements:
• Minimum of 1 year in business.
• 2 years seasoning on a bankruptcy discharge.
• 80% of business ownership must personally guarantee the loan.
• Open tax liens are OK if they are in a documented payment plan.
• Personal credit scores are checked to ensure minimum thresholds
are met.
• Primary residence mortgage and business rent must be current.
• 2 years seasoning on primary residence foreclosure.
• Minimum number of deposits per month: 10
• Minimum amount of deposits per month: $10,000
• Minimum average daily balance: $3,000
• Allowable NSF activity: 5 in most recent month; 10 in recent 3
months.
• Allowable negative ending days: 3 in most recent month; 6 in
recent 3 months.
• Inconsistent and negative trending deposit/daily balance
activity is a red flag.
11. Short Term Uncollateralized Loan
6 to 18 Month Terms
Loan Size
Fixed Payment Loans
$5,000 to $150,000
Term 6, 9, 12, 15 or 18 Months
Interest Simple
Payment Fixed
Pay Period Daily
Payment Method Direct Debit from Bank
Account ACH
Security Personal Guarantee/Non-Collateralized
Credit Qualification Time Instant
Decision Time 24-48 Hours
Collateral Required None
12. Short Term Uncollateralized Loan
6 to 18 Month Terms
Standard Documents for Submission
Submission Check List
Special Circumstances:
Provide if the circumstance exists
• 3 Months business bank statements.
• Most recent business tax return.
• Copy of business owner’s driver’s license(s)
• Need a minimum of 80% of ownership to
Personally Guarantee – provide all licenses.
• Copy of voided check from the business bank
account.
• Copy of application.
• Seasonal Businesses:
• If the business has inconsistent deposits due to a
seasonal business provide 12 months’ business bank
statements and an explanation.
• Tax Lien:
• Provide documentation in a plan with the IRS and
proof that payments have been made.
• Taxes on Extension:
• Provide letter authorizing Funder to contact the CPA
and provide CPA contact info.
• Franchise:
• We will verify the franchise status. Provide the contact
info for the franchise.
• Merchant has another loan/MCA:
• Provide balance and terms of outstanding loan(s).
13. Long Term Uncollateralized Loan
1 to 5 Year Terms
Borrows FICO > 620
Business Revenue (most recent tax return year) > $150,000
Business Net Income (at least 1 of last 2 tax return years) >$0
Years in Business ≥ 2 years
Bankruptcies (business and/or personal)
At least 7 years ago
The following scenarios are acceptable:
4 or fewer tax liens (on personal or business side, not
combined) filed in the past 10 years
Tax liens in aggregate sum <$1k filed within the past 3 years that are
outstanding where the borrower is not on a payment plan
Tax Liens (business and/or personal)
Tax liens filed within the past 10 years in aggregate sum <$5k that are
outstanding where the borrower is not on a payment plan
No Prior History of Criminal Activity No Sole Proprietorships or Non-Profits
Required Documentation (for all applications)
2 Years Business Tax Returns
Verification Documentation (as necessary)
1 Year Personal Tax Returns Business Debt Worksheet
Interim Financials (YTD P&L and Balance Sheet) only for >$300k requests
Guarantor Form only for additional shareholders and/or guarantors
Driver’s License
Completed FC Wire Transfer Form
14. Contact Us
Angel Torres
Lending Team Leader Dir
AM CAPITAL RESOURCES
C: 305.582.1104 O: 305.388.7400 | F: 954.637.1888
E: AM@CapitalResorces.com |: www.CGBFunding.com
