The current reality:
Over the past year, the broad credit crisis has permeated the United States capital markets and has increasingly and significantly curtailed project funding and construction lending. Banks have tightened their credit standards for asset based lending and reduced loan volume while the commercial mortgage-backed securities market has stopped functioning effectively.
Without liquidity, developers face a growing challenge of refinancing maturing debt and the threat of rising delinquencies and foreclosures. Accordingly, banks and other financial institutions are faced with a new problem--disposing of these “toxic assets.” Because of this, it is virtually impossible to get project funding in the US. This lack of credit threatens project funding and poses a continued risk for the whole economy.
The International Finance & Trust (IFT) Solution:
IFT wants to help the economy get moving in the right direction and assist in the nations financial recovery. We are offering the following scenario in order to start making a difference and to start creating jobs – through Project Finance: IFT’s sources are not asset-based lenders, but cash-based lenders. This is why they can offer funding for clients who have the required deposit. Depending on the viability of the project, it is now possible for a developer to fund a project with as little as a1%-10% cash contribution, and achieve a non-recourse loan with extremely attractive terms and interest rates.
Unlike other lenders, ITF charges no upfront fees to qualify for their loan programs. ITF earns absolutely nothing until your project is successfully funded. Most viable projects are considered. Special consideration is given to Green “LEED” projects and those with humanitarian initiatives.
