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Eric Allen | President, Precision Finance and Realty Partners
Eric Allen
President, Precision Finance and Realty Partners
Synthetic Funding Option
Thursday, June 26, 2008

In the current banking climate, whether in the U.S. or in many other parts of the world, funding a project is becoming more and more of a hassle.

We've seen and done much of the work that goes behind placing money behind projects and see banking standards revert to 1998 underwriting criteria...Tighter, less exposure and more paperwork.

Gone are the days of free flowing money.

We've worked over three years to find a reasonable form of alternative funding that didn't require enormous amounts of capital, extensive up front costs, had a reasonable - common sense approach to underwriting and would provide the necessary funding to well deserving projects.

Consider this.

4% of the project costs is required for the principal infusion.
The balance of costs are built onto the requested loan amount, or taken from the proceeds.
No additional up front costs.
Reduced Documentation Requirements and fast turn around.

These are common come on lines to any advertisement for promises of heaven and earth. However ...