A real estate developer needs to fund a $10 million project.
After an initial consultation, the developer completes all required paperwork and submits key documents, including their business plan and KYC form.
In this program, the client deposits a $2 million project down payment and receives a $8 million net line at 0% interest. A $2 million down payment, and the property, valued at $10 million, serve as the collateral for a $10 million gross line of credit.
After the initial consultation call, FFC coordinates a call between the client and the platform and then the financial institution.
In these calls, the client presents their business plan and asks and answers any of their and the platform’s and institution’s questions. After this call, the institution provides a term sheet detailing the 4x net Capital Multiplier specifics.
After a thorough review by the client and their legal team, any remaining questions are resolved with the platform and the financial institution. Once all executed agreements are in place, the client signs the term sheet and initiates the capital transfer to the financial institution.
In 90 banking days or less, the institution approves the client’s loan at 0% interest, giving them access to a $8 million net line of credit.