International Finance & Trust (IFT), a private wealth advisory firm and Project Funding Provider has issued a call to Developers with viable commercial projects to move forward and “forge ahead” with their projects during the credit crunch.
IFT specializes in nontraditional financing options for domestic and international construction and development projects from $ 2 million to billions has received over $2 billion in project funding applications for the first quarter ending in 2009. IFT will continue to offer financing for viable project finance applications for projects and companies that have a positive impact on the economy and the environment.
IFT’s unique loan program follows a structured finance model and is a cash based loan program, as opposed to an asset-based program. The loan program requires a cash contribution of 1-10% of the loan amount, or first tranche, in order to facilitate the loan. The preferred collateral is a Certificate of Deposit placed in a Top 50 World Bank.
Using the CD and as well as working in concurrence with some of the world’s top financing and banking institutions, allows IFT to fund against the collateralized CD while the money remains in an interest bearing account in the client’s name. It is 100% insured against loss by not only IFT but also a Top 25 World Bank and insurance company.
The resulting loan is a high LTV, low interest, non-recourse construction to permanent loan designed to help the economy move in the right direction in conjunction with the current economic stimulus package by creating jobs and having a positive impact on the environment.
