1. BRIDGE LOAN PROGRAM
Minimum loan amount: $50m
Any project proposed must be one that creates jobs. “Investment flip” type of projects will not
be considered.
7 year proforma broken down month by month. The use of said proforma is to show that this
project will actually create jobs and that there is a payback capacity.
Proof of funds Requirement: 10% of the project cost. These funds must be held in a tier 1 bank
and will never leave the owners hands but rather serve as proof that the project will have
operating funds as per the proforma. These funds cannot be borrowed and the due diligence
done will discovers it. Violation of this requirement will automatically disqualify the borrower.
The funds can be gifted or provided by an investor who requires equity but not repayment in the
form of a loan. Lastly, the investor is never asked to be the guarantor.
Loan to Cost: 100% of the project cost
Interest Rate: Benchmark rate of 3.4%.
Amortization: Negotiable to 20 years
Maturity Date: Negotiable to 20 years.
Prepayment Penalty: None
The approval time is 10 days from receipt of the package, and 100% funding happens 45 days
afterwards.