 Getting Started |  Funding |
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SUBMIT YOUR REQUEST FOR PROJECT FUNDING NOW
DEAL SHEET
CALL FOR SECURED LOAN PROJECTS DIRECT PRINCIPALS ONLY
• Urban Development / Community Revitalization / Neighborhood Improvement / 1 – 1000 Units
• In-House Licensed / Architects / Engineers / General Contractors / Developers / PM
• In-House Construction Material / Supply / Shipping / Preferred Pricing
2019 CASE STUDIES CLOSED AND FUNDED ONE OF OUR TOP PRIVATE EQUITY LENDER / INVESTOR GROUPS
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Deals we have been able to source. We can execute in many other types of transactions, but this should be a good indication of what we can do:
FUNDED AMOUNT
1
$26 million approved and disbursed
KEY FUNDING RATIO’S
85% LTC / 65% ACV
DETAILS
10% interest only for 36 months with 3 total points origination. This was for phase 1 of 3 phase luxury student housing development. Phase 1 was ~400 units.
2
$16.5 million approved and disbursed
85% LTV and 75% of ACV
33unit luxury condo development in Nashville, TN. 8.5% interest only for 24 months with 3.5 total points origination.
FUNDED AMOUNT
3
$1.125MM approved and disbursed
KEY FUNDING RATIO’S
90% LTV up to 70% of ACV
DETAILS
Rehab and new construction project of SFR property in CA. 10.75% interest only for 13 months with 2.3 total origination. Borrower has very low experience.
4
$701,000 approved and disbursed
100% LTC at 70% of ARV
SFR rehab in STL / 10% interest only for 9 months with all origination deferred.
FUNDED AMOUNT
5
$70 million approved and disbursed
KEY FUNDING RATIO’S
100% LTC and 65% of ACV
DETAILS
Large community development in central Florida. 7.5% interest only for 60 months with 3 points total origination.
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The peopole
THE PEOPLE OWNED AND OPERATED BY INVESTORS WITH OVER 100 YEARS COMBINED SUCCESS IN MULTIPLE MAJOR MARKETS • Quick Turnaround Time • No Upfront Fees • Multiple Financing Products • Direct Lender • Renovation Loans
THE PRODUCT and PROPERTY TYPES
Optional short-term financing solution for investors looking to purchase and rehab a property in disrepair, with the ultimate objective to sell or refinance upon completion. • Single Family • Condo & Townhouse • 2-4 Units, Multifamily • Commercial • Student Housing • Mixed Use Development • Hospitality
BRIDGE LOANS
Short Term to stabilize a property for an upcoming refinance or sale • Multifamily • Mixed Use • Land Development • Retail, Office, Condo, Hotel • Light Industrial & Investment (1-4 Units) • Student Housing
TERMs
Loan Amounts of $100,000 – $100 million • 12-month loan term • 600+ Credit Score • Up to 90% Loan to Cost • 12-18 month loan term • 600+ Credit Score • Debt Coverage minimum of 1.20X • Ability to refinance into small balance • commercial program
SIMPLE (6) STEP TO FUND
GET IN TOUCH
We'd love to hear from you
ABOUT US
Letter of Intent from Direct • A (3- 5) page project brief or executive summary, explaining what, why, when, who, where, how and how much?
• Attach Project Owner or Developers Resume
• VFOX Island will reply with the appropriate application, forms and requested document list to advance the deal to underwriting
1. No Brokers or Intermediaries:
2. Principal Signatory - Account Owner – or Attorney ONLY!!!!
3. On Company Letterhead,
4. Current Dated 5. Signed
PROCESSING
Borrower signs LOI and submits (any) additional documentation if requested
APPLICATION
The Application and Required Docs (fee protection agreement / loan app)
1. Borrower Signs and Returns Fee Protection Agreement 2. Borrower Immediately Receives and Returns Loan Application
UNDERWRITTING
GC completes analysis & underwriting
ISSURANCE OF LETTER OF INTENT FROM INVESTOR
The Application and Required Docs (fee protection agreement / loan app)
CLOSING
1. Borrower submits final (signed, dated, completed documents to VFOX Island) for final closing document signatures of acceptance to Close. 2. Loan Closed / Funds Released to Borrower
4. Processing: Borrower signs LOI and submits (any) additional documentation if requested
5. Underwriting GC completes analysis & underwriting
6. Closing 1. Borrower submits final (signed, dated, completed documents to VFOX Island) for final closing document signatures of acceptance to Close. 2. Loan Closed / Funds Released to Borrower
