100% Commercial Financing Is Really Available

Large commercial project funding is never simple to acquire. 100% commercial funding is even more scarce. But it is available if you know where to look. One of the problems in the business in recent years has been the Patriot Act. This act has made it nearly impossible for international developers to obtain USA financing, let alone 100% financing. The hoops one must jump through can be downright insulting to foreign companies wishing to find financing here in the US. But take heart, you can still get USA lenders to finance your project. Let's say you are a developer who wants to build a $20 million USD resort on the island of St. Lucia, but your company has little cash and no equity. Yet you have experience, good credit, great reports backing your project, and a good exit strategy. You probably think there is no way you could carry off this project. Think again. There are USA lenders that lend 100% of the project cost, generally only for projects of $10 million USD or more. These lenders are creative, work quickly, and base their opinions on the character and experience and planning of the developer, rather than how fat his wallet is. They may not fund every project, but, certainly it is worth sending them your paperwork. Usually all that is necessary to get started is a well thought out executive summary. Most lenders will tell you exactly what to put in the summary. Don't leave any of this desired information out. If you are serious about borrowing $10 million or $400 million, you will take the time to do the summary EXACTLY as the lender wants it. They get far too many inquiries to deal with a developer who leaves out information. If you leave something out, your summary could easily get trashed. They don't need your project. You need them. What kind of projects will these lenders fund? In general, if the project is backed by real estate, or attached to the ground, then they will consider it. They will not fund business loans, movies, theme parks or fishing boats. They will consider housing developments, municipal projects, hospitals, hotels and motels, resorts, apartment complexes, office buildings, etc. So don't give up hope of getting your project funded 100%. You can do it if you know where to look, and can give the lender a summary that answers all the questions they pose, you have a good shot at getting your project 100% funded.