International Finance & Trust (IFT) a Private Wealth Advisory and lending institution specializing in originating “Project Funding” and Wealth building investment transactions has rolled out a “Project Finance” Lending Platform in an effort to do their part in getting the World Economy moving in a positive direction.
The program provides project development financing for viable development projects and business ventures both domestically and internationally with emphasis on “Green” LEED initiatives and projects of humanitarian nature, as well as job creating projects of all kinds. The funding program is a cash based loan as opposed to an asset-based loan. This requires a CD, SBLC, Bank Guarantee or other acceptable financial instrument from 1-10% of the loan amount or first Tranche as a capital contribution to be placed in a single signatory, interest bearing account to facilitate the loan.
“Using a CD or other financial instrument simply acts as a “relationship deposit” with our financial institution. These funds remain in an interest bearing account in the client’s name, insured against loss. This is essentially the best of both worlds in that you get to make money on your money and still use OPM to fund your project,” states the Director of Lending at IFT.
There are no up front fees whatsoever associated with the loan program. The funding sources absorb the cost of underwriting. The resulting loan is non-recourse with low interest rates based on the 90 day LIBOR plus 100-400 basis points, depending on the project. Terms are negotiable with 30-year amortization achievable.
